Absa NewGold ETF, listed at the Nairobi Securities Exchange(NSE) with a market capitalization of KSh 2.37 Billion, is the new attraction at the bourse, thanks to global tensions fuelled largely by an aggressive US President Donald Trump.
NSE Investors are rushing for the Absa New Gold ETF, their appetite for the stock fuelled by a surge in spot gold prices, which hit a record high above $5,000 per ounce for the first time ever, this Monday.
Absa NewGold ETF share price is currently above KSh 5915.00 and has gained 9.64% since the beginning of this year, ranking 12th on the NSE in terms of year-to-date performance.
“The Absa Gold tracks gold performance, so when the price of gold goes up, it also rallies. The surge is benefiting both institutional and retail investors at the NSE. This is especially so for investors who went in last year when the share price was KSh 3500,” said Dedan Maina, a Certified Financial Analyst at Ketu Capital
Absa NewGold ETF performance at the NSE
When trading ended at the NSE this Monday, Absa NewGold ETF(GLD) closed at KSh 6,095.00 from the previous close of KSh 5,915.00, an increase of 3.04%. This was on a volume of 8,961 and a turnover of KSh 54.61 Million.
Analysts are now urging investors at the NSE looking to make a bet that they can eat off in a few years, to better pile into Gold and Silver now.
“The current rally on gold and silver is a result of hawkish US President Donald Trump’s war threats and sanctions on European countries against his claim on Greenland, “said Maina.
He opines that Gold and Silver prices are driven by global uncertainty, when fear of war or economic collapse rises, investors rush to them for safety, pushing prices up. Gold is the ultimate wealth protector, bought by central banks and governments to insure against inflation.
Analysts expect Gold prices to climb toward $ 6,000 this year, on mounting global tensions, as well as strong demand from Central Banks as well as retail buyers.
Gold raced to a peak of $ 5,092.70 per ounce this Monday as geopolitical and economic risks rattled markets. The safe-haven metal, has climbed more than 17per cent over the past three and a half weeks, after rising 64% in 2025.
Absa NewGold ETF is an exchange traded fund that tracks the price of gold, allowing investors to buy shares representing 0.01grams of gold each. Over the past three weeks, Absa NewGold ETF has recorded 81.45 increase week-on –week, closing at KSh 5,915.00 this Monday, January 26th 2026.
According to a note from Standard Investment Bank, the Absa NewGold EFT price at the NSE has been driven by global gold price rallies, with investors seeking safe-haven assets amid geopolitical tensions.
According to the London Bullion Market Association’s annual precious metals forecast survey shows analysts projecting gold rising as high as $ 7,150 in 2026 and averaging $ 4,742.
Gold’s recent rally has been fuelled by geopolitical tensions, from the US-NATO friction over Greenland and tariff uncertainty to rising doubts over the independence of the US Federal Reserve, tensions over upcoming US mid-term elections among others.
Central Banks gold buying, a key driver of prices in 2025, is also expected to remain strong this year.
Absa New Gold Exchange Traded Fund(ETF) or GLD Investors at the Nairobi Securities Exchange(NSE) are laughing all the way to the bank. This is as the metal-backed fund, which tracks global gold prices in real time- hits new highs, allowing them to gain from trading in this fund that holds physical gold.
Absa NewGold ETF began 2025 with a share price of KSh 3,260.00 and has since gained to hit above KSh 6,000 on Monday this week.
This price movement is reshaping portfolio strategies worldwide, prompting a fresh look at the metal’s role as both a hedge and a growth asset. Investors on the Absa NewGold ETF counter at the NSE are thus not immune to these tectonic movements on the global investment landscape.
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