The Kenyan equities market closed firmly bullish, supported by broad-based gains across key indices and a sharp increase in trading activity. The Nairobi All Share Index (NASI) advanced 2.0% to close at 202.31, reflecting improved local investor sentiment despite continued foreign outflows.
Market turnover rose significantly by 67.0% to KES 1.29 billion, driven largely by heightened activity in large-cap counters, particularly Safaricom. Across asset classes, momentum extended into the bond and derivatives markets, while global markets remained mixed amid pressure on technology stocks and renewed geopolitical risks influencing oil prices.
Market Highlights
Equities Market
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NASI gained 2.0%, with all major indices closing higher.
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Equity turnover surged 67.0% to KES 1.29 billion, signalling stronger market participation.
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Foreign investors recorded net outflows of KES 388.86 million, maintaining a bearish stance.
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Safaricom was the most traded stock, accounting for 47.6% of total market turnover, closing 4.4% higher at KES 31.95.
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Safaricom’s performance was supported by the announcement of a KES 0.85 interim dividend, representing a 54% year-on-year increase.
Top Gainers
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Africa Mega Agricorp Plc (+10.0%)
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Longhorn Publishers Plc (+8.1%)
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Eaagads Plc (+5.2%)
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Crown Paints Kenya Plc (+5.1%)
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Safaricom Plc (+4.4%)
Bond & Derivatives Market
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Bond turnover increased 29.5% to KES 13.67 billion, with Fixed Coupon Bonds dominating activity.
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The derivatives market recorded a sharp rise in volumes and contract values, reflecting growing investor interest.
Global Markets
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Global equities were mixed, with U.S. tech stocks under pressure while defensive and value sectors outperformed.
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Oil prices firmed, supported by renewed geopolitical tensions, although gains were capped by oversupply concerns.
Read More: 5th February 2026- Market Rockers Report
