Olympia Capital Holdings shares surged 198.48 percent on the Nairobi Securities Exchange on Wednesday, 28 October 2026, after it became public that Kiharu MP Ndindi Nyoro had accumulated a 9.76 percent stake in the company.
The stock opened the session at KSh 7.22 and closed at KSh 21.55. During the day it briefly touched an intraday high of KSh 150 before settling. The move was one of the largest single-day gains on the NSE in recent years.
Trading Details
A total of 205,563 shares changed hands across 513 transactions, a sharp increase for a counter that normally sees limited activity. The company’s market capitalisation rose by about KSh 573 million to close the day at KSh 862 million.
| Metric | Details |
|---|---|
| Opening price | KSh 7.22 |
| Closing price | KSh 21.55 |
| Intraday high | KSh 150 |
| Daily gain | 198.48% |
| Volume | 205,563 shares |
| Market cap at close | KSh 862 million |
Nyoro’s Stake and Intentions
Nyoro acquired 3,982,253 shares through his investment firm, Limpopo Capital Limited. At the price prevailing before the surge, the stake was worth roughly KSh 29.8 million. After Wednesday’s close it stood at about KSh 85.8 million, giving him an unrealised paper gain of approximately KSh 57.1 million in one session.
The holding makes him the third-largest shareholder. He has said he wants to raise the stake to 25 percent so he can pursue strategic control. His stated plan is to turn Olympia Capital, which has interests in manufacturing and building materials, into an investment holding company that acquires businesses and takes stakes in other listed firms for dividends.
Nyoro has acknowledged that thin trading makes it difficult to build the position quickly. He has indicated he would be willing to exit if he cannot reach the 25 percent threshold.
Company Results Released the Same Day
The share surge occurred on the same day Olympia Capital released half-year results for the six months to 31 August 2026. Net profit fell about 18 percent to roughly KSh 17.3–17.4 million, even as revenue edged higher. Investors largely focused on the stake news rather than the weaker profit figure.
The sharp one-day move reflects the impact of a high-profile investor disclosure on a thinly traded stock. Whether Nyoro can build his holding toward 25 percent and reshape the company will depend on continued liquidity and the willingness of existing shareholders to sell. The paper gains remain unrealised until shares are sold.
Sources:
Business Daily – Olympia Capital share jumps 198pc after Ndindi Nyoro deal (28 October 2026)
Business Daily – Ndindi Nyoro acquires 9pc stake in NSE-listed Olympia (27 October 2026)
Bizna Kenya – Ndindi Nyoro gains Sh57mn in a day after Olympia Capital share rises 198pc (29 October 2026)
Tuko.co.ke – Ndindi Nyoro Buys 9% Stake in Olympia Capital