On Wednesday, the market’s total capitalization, or the combined worth of all listed companies on the Nairobi Securities Exchange reached approximately Ksh.3.194 trillion, the highest level ever recorded.
The jump was one of the biggest single-day increases in recent years, with investors gaining about Ksh.63 billion in market wealth in one session.
The strong market performance was driven largely by a rally in Safaricom’s share price after the company announced an interim dividend of Ksh.0.85 per share, up from the previous year.
This boosted demand for Safaricom’s stock, which saw its price climb to levels not seen in several years.
The NSE All Share Index (NASI), a key measure of market performance, also crossed a major milestone by closing above 200 points for the first time since its launch.
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Other major indices on the bourse, including the NSE 20, NSE 25 and NSE 10, also reached record or near-record levels on strong trading activity.
Investors saw renewed confidence in equities, with trading volumes and turnover rising sharply compared to previous sessions.
It implies some investors were moving funds back into stocks, partly influenced by the positive corporate news coming from Safaricom and other market trends.
