Kenyan Market Snapshot: April 11, 2026 — NASI dips 0.8% to 152.3
The NSE All Share Index slipped 0.8% as profit-taking capped gains. Safaricom led decliners despite resilient earnings outlook.
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Key Takeaways
- Key Takeaways The benchmark NASI retreated 0.8% to 152.3 as investors locked in gains from this week’s rally.
- Turnover contracted to KES 1.2 billion, reflecting subdued activity ahead of key corporate updates.
- I&M Bank’s FY’25 earnings note, though pending full disclosure, signals potential dividend upside for shareholders.
Key Takeaways
The benchmark NASI retreated 0.8% to 152.3 as investors locked in gains from this week’s rally. Turnover contracted to KES 1.2 billion, reflecting subdued activity ahead of key corporate updates. I&M Bank’s FY’25 earnings note, though pending full disclosure, signals potential dividend upside for shareholders.
Market Pulse
Sentiment turned cautious as the NASI closed at 152.3, down 1.2 points from Friday’s close. Total market turnover fell 18% week-on-week to KES 1.2 billion, with foreign participation remaining tepid at 52% of total activity. The shilling held steady at 132.15 against the dollar, providing marginal support to importers.
What Moved
Top Gainers
Co-operative Bank led advances, rising 3.2% to KES 18.90 on volume of 1.8 million shares. The lender’s resilience in deposit mobilization offset broader sector headwinds. Equity Group added 2.1% to KES 44.50, supported by bargain hunting after recent underperformance.
Top Losers
Safaricom shed 2.4% to KES 31.80, erasing KES 7.8 billion in market cap. The decline followed profit-taking after last week’s 5% rally, despite expectations for FY’26 earnings stability. Bamburi Cement fell 1.9% to KES 192.00 on weak regional demand signals.
Sector Trends
Banks outperformed, with the NSE Banking Index up 1.1% as investors rotated into defensive names. Commercial & Services slipped 1.5%, weighed by Safaricom’s decline. Energy names were flat, with TotalEnergies unchanged at KES 185.00 despite Brent crude holding above $88/bbl.
Risks
Liquidity remains the primary risk as daily turnover hovers near 12-month lows. Any sustained drop below KES 1.0 billion could amplify volatility, particularly in mid-cap counters. Currency stability is fragile, with the shilling vulnerable to tighter global financial conditions.
What To Watch Next
Monitor I&M Bank’s FY’25 earnings note for dividend guidance. The NASI faces resistance at 154.0; a break above could trigger a retest of 156.5. Next week’s Treasury bill auction and March inflation data will shape near-term direction.
Informational only, not investment advice.
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