I don't think they would intentionally want to cause a rally. It would just be a side effect of their size. However when prices rise it also reflects as growth in their Assets Under Management and can there charge higher fees so they don't mind it either. They raised 50 billion in the last year and that money must go somewhere. The NSE is usually moved by a few millions, try buying a few million shillings worth of stock at market price and soon you realise you are the market, price instantly jumps 10 percent. Sembuse 50 billion. For as long as their cash raising efforts persist at the level it has been they will have a problem of deployment of the same at the NSE and must by necessity raise prices. There is a big chunk of the NSE float that is not traded, akina Vodacom Safaricom shares, GOK stakes and even akina NSSF and other large shareholders don't trade so the free float is not much and a big inflow will affect prices. It's not as if I am complaining about rising NSE prices. Or maybe we wait and see if they ever have a year where withdrawals outpace cash raises and we see if prices at the NSE change.

When you have billions to deploy in a small market insider information is not that useful. You have a different kind of problem, whatever you buy rises and so your portfolio looks better and better quarter after quarter. I think it would be nice to see a report of their NSE holdings every quarter. Na isifichwe under Nominee accounts. Let everyone see what their holdings are and changes every quarter.