Nairobi, Jan. 3, ’25 (TNZ) The Nairobi Securities Exchange (NSE) maintained its rally on the first trading day of 2025 on Thursday, with all key indices recording gains.
Market data from the NSE showed that the benchmark NSE 20 Share Index, which ended 2024 at 2,010.65, rose by 48.02 points to close at 2,058.67.
The Nairobi All Share Index also increased by 1.86 points, finishing the day at 125.34.
Market capitalisation rose to 1.968 trillion shillings (approximately $15.2 billion). This is up from $14.98 billion at the end of 2024, according to NSE data.
The capitalisation is a key indicator of investor wealth.
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This positive momentum follows the addition of three new companies to the Morgan Stanley Capital International Frontier Markets Small Cap Index on Nov. 12, 2024.
This inclusion is expected to attract more capital inflows into the market.
Frank Mwiti, CEO of the NSE, said that the addition offers the global investment community greater access to Kenyan-listed companies.
It would help drive significant capital inflows in the market. (Xinhua)
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