NSE Hits 3-Year High as Investor Confidence Defies Unrest

Against the backdrop of nationwide protests marking the anniversary of last year’s tax unrest, the Nairobi Securities Exchange delivered a standout performance on Tuesday.

The NSE All-Share Index (NASI) climbed to a three-year high of 148.50, up 0.68%, lifting year-to-date gains past 20%—a strong signal of investor confidence in the face of political tension.

NSE market capitalization rose to KSh 2.34 trillion, up 0.7% daily and 20.26% year-to-date. Both NSE 10 and NSE 25 hit 52-week highs, reflecting strength in large caps.

Turnover dropped 26.1% to KSh 232.7 million, but gainers (28) outpaced decliners (9), signaling underlying momentum.

Foreign investor confidence faltered, with net outflows of KSh 35.53 million reversing the previous day’s inflows. Buys fell 58% to KSh 50.55 million, while sales surged 33.1% to KSh 86.08 million, reflecting a risk-off shift amid political unrest.

By Harry Njuguna

Full story at Kenyan Wall Street