TPS Eastern Africa Share Price Rallies Even as Market Turns Bearish

TPS Eastern Africa was the top price gainer Tuesday even as the Nairobi Securities Exchange(NSE) exhibited bearish signs. The benchmark NASI declined 0.1% to 166.18. Trading activity fell by 32% in the day to KSh 413 million down from KSh 607.32 million when the bourse closed this Monday. Market Capitalization declined 2.47% to KSh 2,618.14 billion.

Investors gained their foothold after absorbing the loss recorded by the listed hospitality firm. Owners of Serena Hotel Chain, TPS reported a net loss of KSh 16 million at the close of the six months ended June 30, 2025, down from a net profit of KSh 696 million over a similar period in 2024.

TPS Eastern Africa closed trading at KSh 15 from the previous day’s close of KSh 13.70. This counter began the year with a share price of KSh 14.90 and has since gained 0.67% on that price valuation, ranking it 54^th on the NSE in terms of year-to-date performance.

According to analysts, the NSE performance was weighed down by losses in large cap stocks such as Absa Bank Kenya, NCBA Group, Safaricom Plc and Stanbic Holdings Plc, whose prices shed 1.5%, 0.8%, 0.7% and 0.3% respectively.

> Foreign Investors Scramble for Banking Stocks at the NSE

In a trading session where foreign investors dominated the bourse, accounting for 77% of total participation, TPS Eastern Africa shares gained 9.5% to KSh15.00. This counter was followed by Crown paints, which was up 8.7% to KSh 47.90, Eaagads Plc which edged 7.8% to KSh 16.50, East African Portland Cement which was up 7.3% to KSh 62.75 and Car &General whose price gained 5.8% to KSh 33.00.

The losing counters were led by Eveready which declined 8.8% to KSh 1.34 followed by Olympia Capital which slid 4.8% to KSh 5.98, Express Kenya which fell 4.1% to close at KSh 4.18, Liberty Kenya which fell 3.9% to KSh 11 and Unga Group which declined 3.5% to KSh 19.25.

Activity at the NSE was boosted by gains in Diamond Trust, EABL, Stanchart Bank and Cooperative Bank of Kenya which gained 2.4%, 2.1$, 1.6% and 0.9% respectively.

Foreign Investors were dominant in the trading session as net buyers, recording net inflows of KSh 146.98 million compared to net inflows of KSh 86.23 million the previous day. Foreign targeted KCB Group, Equity, BK Group, Safaricom and Coop Bank Kenya Limited.

KCB was the most actively traded counter clocking a turnover of KSh 126.68 million followed by EABL with a turnover of KSh 88.43 million.

> Strong Banking Results Stimulate NSE Activity