The Kenya Pipeline Company (KPC) shares started trading on the Nairobi Securities Exchange (NSE) on Tuesday, March 10, 2026.
The KPC shares debuted in the market at a price of Sh9.30 apiece before making a retreat. At the end of trading, the KPC shares closed at an average of Sh9.18 per share.
This represented a positive change of 0.871 percent. Besides this movement, the KPC counter had a traded volume of 2.08 million shares with sellers on the book accounting for 1.47 million shares and buyers 1.15 million shares.
According to Rhina Namsia, the founder and chief executive officer of The Acemt Consulting, a training and consultation company that provides financial planning and investment advisory, the counter experienced selling pressure towards the end of its first day on the trading market.
“While the official closing price reads Sh9.18, the actual trades happening in the final minutes of the day were at between Sh9.10 and Sh9.12. That gap meant that selling pressure crept in as the session wound down,” says Namsia.
Ms. Namsia observes that the bid-ask spread was razor thin, which meant that KPC remained a liquid and well-traded counter.
“As at the end of trading, there were no illiquidity issues here. There were 357,829 shares sitting as bids at 9.10. As long as this holds, the floor is firm. A secondary support came in at Sh9 with another 104,000 shares. There was strong support at Sh9.10,” said Ms. Namsia.
“The biggest cluster of sellers (20,293 shares) was parked at Sh9.20. For KPC to push higher, it needs to chew through that supply first. Now this, is a resistance.”
Namsia noted that KPC ended its first day in a mild distribution phase, which meant that there were more sellers than buyers who were active, and the price drifted quietly from 9.18 towards 9.10 into the close of business.
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“The critical question is on whether the 9.10 bid wall will hold. If yes, KPC will stabilize and could push back toward the 9.18 to 9.20 zone. If that wall gets absorbed by aggressive selling, 9.00 will become the next line of defence,” she said.
“There was a 1.47 million on the ask versus 1.15 million on the bid which meant that sellers had slightly more firepower, which could create mild downward pressure at next open.”
