On Tuesday, May 12, 2026, Flame Tree Group Holdings surged 11.0% to 2.12 KES, making it the day’s top gainer as the NSE 25 rose 0.80% to 5,730.97. The move stood out because it came on a session shaped by earnings releases, a fresh strategic push from Nairobi Securities Exchange Plc to widen retail access, and a firmer dollar at 129.18 KES, while Brent crude climbed to $107.76 a barrel.
That combination matters for the Kenya stock market. Higher oil and a stronger dollar typically feed into imported inflation, freight costs and input bills for Kenyan corporates. So when a consumer-facing industrial name like Flame Tree rallies sharply on an earnings-driven narrative, the market is effectively saying operational resilience is worth paying for even in a tougher macro backdrop.
Key figures
- FTGH +11.0% at 2.12 KES
- NSE 25 +0.80% at 5,730.97
- USD/KES 129.18, up 1.04%
- Brent $107.76, up 3.4% on the day
- Safaricom led turnover with 270.2 million KES