Thursday’s session on 10 September 2026 delivered a classic Nairobi contradiction: the NSE 25 rose 1.0% to 2,770.18, yet 33 of 55 listed stocks fell. Inside that narrow index gain, Safaricom Plc released its audited results for the year ended 31 March 2026, but the stock still closed down 1.4%, with KES 254.1 million worth of shares traded.
That price action matters because Safaricom remains one of the defining names in the Kenya stock market, not just for telecom exposure but for what its numbers say about consumer spending, digital payments and regional expansion. The market’s first verdict was cautious. With Brent crude at $105.42 a barrel, up 4.2% on the day and 9.5% on the week, and USD/KES at 129.33, up 0.69%, investors had little reason to ignore margin pressure, even on a company with scale, pricing power and the M-Pesa franchise.
Key figures
- NSE 25: 2,770.18 (+1.0%)
- Market breadth: 17 gainers / 33 losers / 5 unchanged
- Safaricom Plc: -1.4% on KES 254.1 million traded
- Brent crude: $105.42/bbl, up 9.5% on the week
- USD/KES: 129.33, up 0.69%