The market closed the session on a bullish note with the N10 and NSE 25 gaining 0.5% each. Likewise, the NASI and NSE 20 advanced by 0.4% and 0.6%, respectively.

Equity turnover retreated to USD 3.4m (-8.1%). Local investors dominated market activity, accounting for 61.1% of the turnover levels, up from 44.5% yesterday.

Safaricom dominated trading activity, accounting for 49.3% of the day’s turnover. The counter’s price function inched upwards by 0.2% to KES 29.35.

Of the top traded banking stocks, KCB Group advanced by 0.9% to KES 57.00 while Equity Group gravitated to a position of relative stability, remaining unchanged at KES 58.00.

Investors were bullish on energy stocks, with Kenya Power and KenGen gaining 2.4% and 5.3% to KES 14.75 and KES 9.12, respectively.

Williamson tea, the session’s best-performing top mover, jumped 7.2% to KES 324.25 as the 1:1 bonus issuance book closure nears.

Longhorn was the day’s top gainer, rallying by 8.9% to KES 3.30. Uchumu shed 4.9% to KES 0.39, closing as the leading laggard.

Foreign investors were bullish, with net inflows of USD 1.3m. Safaricom led the buying charge while Kenya Power led the selling charge.

In September 2025, consumer prices rose by 4.6% y/y, up from 4.53%y/y in August 2025. Core inflation eased slightly to 2.9% (from 3.0% the previous month), while non-core inflation jumped to 9.60%, from 9.16%, largely on the back of higher food prices. Overall, headline and core inflation remained stable, while non-core inflation continued to exhibit a sustained uptick.

The y/y increase in headline inflation was largely attributable to a jump in food inflation to 8.4% from 5.1% in September 2024, mainly reflecting double-digit growth in vegetable and flour prices. On the other hand, the Transport index grew at a slower rate of 4.0%, partly due to lower fuel prices coupled with lower prices of country bus/matatu fares between towns.