NSE Kenya Q3 2026 Review: 40 of 57 stocks rose, and the exchange itself gained 56%
How the Nairobi Securities Exchange performed in Q3 2026: the NSE All-Share Index rose 9.6%, 40 of 57 stocks gained, and Africa Mega Agricorp, Car & General and NSE Plc led. Top gainers, biggest fallers and month-by-month NASI levels.
A broad rally on the Nairobi Securities Exchange
The NSE All-Share Index (NASI) rose 6.1% in July and 5.7% in August, reached its quarter high of 255.34 on 3 September, then gave back 2.3% in September to close at 245.60. That is a 9.6% gain for the quarter. The shilling barely moved against the dollar, so dollar investors kept almost all of it: 9.4%, and 31.1% for the year to date.
The gains were broad. 40 of the 57 stocks with a full quarter of trading closed higher, 16 fell and one was unchanged. Banks did much of the lifting among the large companies: Equity Group rose 31% and KCB Group 19%, while Safaricom, the most traded stock by a wide margin, added 8.4%.
Car & General, Africa Mega Agricorp and the exchange itself
Africa Mega Agricorp was the quarter's best performer, tripling from KSh 111.75 to KSh 350 in a steady climb with no single-session jump.
Car & General rose 157%. Its biggest day came on 13 August, when the company raised its interim dividend to KSh 1 a share from KSh 0.30 on a fourfold rise in profit, and the NSE allowed the stock to trade past its usual 10% daily limit. It closed as high as KSh 375.75 on 20 August before settling at KSh 290 at the end of September.
Shares in the Nairobi Securities Exchange itself rose 56%, from KSh 19.50 to KSh 30.40, as the market operator's own stock rose with the market. Britam Holdings (+48%) and Unga Group (+46%) rounded out the leaders.
The fallers were mostly small companies: Umeme lost 19%, and Uchumi Supermarket and Home Afrika each fell 17%.
NSE All-Share Index (NASI): month by month
| Month end | Close | Change |
|---|---|---|
| 30 Jun 2026 | 224.15 | start of Q3 |
| 31 Jul 2026 | 237.86 | +6.1% |
| 31 Aug 2026 | 251.33 | +5.7% |
| 30 Sep 2026 | 245.60 | −2.3% |
Quarter high: 255.34 on 3 Sept. Quarter low: 224.15 on 30 Jun.
Top gainers and biggest fallers
| Top gainers | 30 Jun | 30 Sep | Q3 |
|---|---|---|---|
| Africa Mega Agricorp AMAC | KSh 111.75 | KSh 350 | +213.2% |
| Car & General CGEN Tripled its interim dividend in August | KSh 113 | KSh 290 | +156.6% |
| Shri Krishana Overseas SKL | KSh 9.68 | KSh 17 | +75.6% |
| Nairobi Securities Exchange NSE | KSh 19.5 | KSh 30.4 | +55.9% |
| Britam Holdings BRIT | KSh 12.85 | KSh 19 | +47.9% |
| Unga Group UNGA | KSh 27 | KSh 39.5 | +46.3% |
| Biggest fallers | 30 Jun | 30 Sep | Q3 |
|---|---|---|---|
| Umeme UMME | KSh 7.4 | KSh 6 | −18.9% |
| Uchumi Supermarket UCHM | KSh 1.74 | KSh 1.45 | −16.7% |
| Home Afrika HAFR | KSh 1.32 | KSh 1.1 | −16.7% |
| Kurwitu Ventures KURV | KSh 1,500 | KSh 1,355 | −9.7% |
| Eveready East Africa EVRD | KSh 1.1 | KSh 1.01 | −8.2% |
The heavyweights
| Largest stocks | 30 Jun | 30 Sep | Q3 |
|---|---|---|---|
| Equity Group EQTY | KSh 80 | KSh 105 | +31.3% |
| KCB Group KCB | KSh 76.5 | KSh 91 | +19.0% |
| Safaricom SCOM | KSh 33.45 | KSh 36.25 | +8.4% |
| East African Breweries EABL | KSh 275 | KSh 285 | +3.6% |
Most traded in Q3: Safaricom (about 398 million shares), Kenya Re (about 125 million shares), Equity Group (about 117 million shares).
How Kenya compares
In US dollars, Kenya's +9.4% ranked #5 of the 15 African markets in our African Markets Q3 2026 Review. The S&P 500 returned +2.0% over the same period and the MSCI Emerging Markets benchmark −2.4%.
Frequently asked questions
How did the NSE perform in Q3 2026?
The NSE All-Share Index (NASI) rose 9.6% in Q3 2026, from 224.15 on 30 June to 245.60 on 30 September. In US dollars the gain was 9.4%, and 40 of 57 listed stocks closed the quarter higher.
What was the best-performing stock on the NSE in Q3 2026?
Africa Mega Agricorp (AMAC) rose 213%, from KSh 111.75 to KSh 350. Car & General (CGEN) was second at +157% after tripling its interim dividend, and shares in the Nairobi Securities Exchange itself rose 56%.
What was the most traded stock on the NSE in Q3 2026?
Safaricom, with about 398 million shares traded over the quarter, well ahead of Kenya Re and Equity Group.