NSE (Nairobi Securities Exchange) weekly performance ended in the green, pushed up by positive earnings reports from Safaricom as well as the KSh 107.3 billion acquisition deal that saw South Africa’s Nedbank acquire 66% shares of NCBA.
NSE Data compiled by the Central Bank of Kenya(CBK) shows that Market capitalization, total shares traded, and equity turnover increased by 1.68%, 933.04% and 2755.81% respectively.
According to the CBK weekly bulletin published every week, the significant increase in NSE total shares traded and equity turnover is as a result of acquisition of NCBA shares by Nedbank.
The CBK report also mentions that Kenya Shilling remained stable against major international and regional currencies during the week ending November 5, 2026.
It exchanged at KSh 129.96 per U.S. dollar on November 5, unchanged from October 29th.
Foreign Exchange Reserves
The foreign exchange reserves remained adequate at US$ 14,699 million (5.9 months of import cover) as of November 5.
This meets CBK’s statutory requirement to endeavour to maintain at least 4 months of import cover
Money Market
The CBK report said the money market remained liquid during the week ending November 5, 2026, and open market operations remained active.
Commercial banks’ excess reserves averaged KSh 31.9 billion above the 3.25 percent Cash Reserve Ratio (CRR) requirement.
The Kenya Shilling Overnight Interbank Average (KESONIA) remained stable at 8.75 percent. During the week, the average number of interbank transactions decreased to 16 from 18 in the previous week, while the average value traded decreased to KSh 9.2 billion from KSh 12.2 billion in the previous week.
Government Securities Market
The CBK weekly Treasury Bill auction of November 5, received bids totalling KSh 67.7 billion against an advertised amount of KSh 28.0 billion, representing a performance of 241.8 percent,
Interest rates on the 182-day and 364-day Treasury bills declined marginally while interest rate on the 91-day Treasury bill remained stable.
During the first November Treasury Bond Auction of November 4th, the reopened 15-year and 30-year Treasury bonds received bids totalling KSh 99.5 billion against an advertised amount of KSh 50.0 billion, representing a performance of 198.9%
At the NSE (Nairobi Securities Exchange), the NASI, NSE 25 and NSE 20 indices increased by 1.68 %, 3.14% and 1.37% respectively, during the week ending November 5th.
Bond Market Bond turnover in the domestic secondary market decreased by 10.35% during the week ending November 5, 2026
In the international market, yields on Kenya’s Eurobonds decreased by 25.87 basis points on average.
Global Trends
Financial market conditions eased in the week ending November 5, following the conclusion of U.S. mid-term elections amid higher inflation expectations in advanced economies.
The Bank of England raised its policy rate by 25 basis points to 4 percent, while the Brazil Central Bank held its policy rate at 13.75 percent despite rising inflationary pressures.
The U.S. labor market conditions were mixed, with initial jobless claims falling to 189,000, while continuing claims rose to 1,718,000.
The U.S. Dollar Index weakened by 0.48 percent against major international currencies during the week.
International Crude Oil Prices
Murban crude oil prices declined to US$ 94.04 per barrel on November 5, from US$ 110.46 per barrel on October 29, after the U.S. mid-term elections and expectations of a lower risk of disruption to oil supply from the Middle East.
Over the same period, spot gold prices rose marginally to US$ 4087.7 per ounce on November 5 from US$ 4,020.4 per ounce on October 29.
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