Nairobi, Nov. 6 -- The market value of the NairobiSecurities Exchange (NSE)closed above Sh3 trillion for the first time in the wake of a remarkable rally that began last year and was then turbocharged by Safaricom's profit announcement on Thursday.

The value of all stocks at the Nairobibourserose to Sh3.044 trillion at the close of trading yesterday, up from Sh2.991 trillion on Wednesday.

Analysts say the 2025 market rally has ridden on the back of lower returns on fixed income assets, including Treasury bills and bonds.

This has pushed investors to pour cash into shares, with the NSE posting a return of 56.9 percent since the start of the year and increasing equity owners' paper wealth by Sh1.1 trillion.

The return beats other asset ...