EQUITY MARKET COMMENTARY
The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 advancing by 5.7% w/w, 4.8% w/w, 4.5% w/w, and 5.1% w/w, respectively.
Market activity jumped to USD 28.88m (+124.6% w/w). KCB Group dominated market activity, accounting for 37.7% of the week’s turnover. The counter’s price function strengthened by 1.1% w/w to KES 47.00.
Among the power sector stocks, Kenya Power and KenGen rose by 0.9% w/w and 4.7% w/w to KES 11.50 and KES 7.16, respectively.
Safaricom and Equity Group surged by 8.0% w/w and 5.9% w/w to KES 26.95 and KES 51.75, respectively, with the former closing as the week’s best-performing mover.
Foreign investors were bullish, with net inflows of USD 240.0k. Equity Group led the buying charge, while KCB Group led the selling charge. Foreign investor participation edged upwards to 44.8% from 18.4% in the prior week.
