EQUITY MARKET COMMENTARY
The market closed the week in the red, with the NASI, N10, NSE 20, and NSE 25 retreating by 0.7% w/w, 1.4% w/w, 0.5% w/w, and 0.9% w/w, respectively.
Market activity softened to USD 18.0m (-5.4% w/w). Equity Group dominated market activity, accounting for 26.8% of the week’s turnover. The counter’s price function weakened by 0.3% w/w to KES 49.50.
Likewise, KCB Group eased by 0.4% w/w to KES 46.20, while StanChart gained 1.1% w/w to KES 304.50 – closing as the week’s best performing top mover.
Safaricom rose by 1.0% w/w to KES 26.25 while BAT held steady at KES 381.00.
Crown Paints was the week’s top gainer, up 9.9% w/w to close at KES 41.00. On the other hand, Umeme – trading ex. dividend – shed 35.8% w/w to KES 13.65, closing as the week’s leading laggard.
Foreign investors were bearish, with net outflows of USD 2.6m. Equity Group led the buying charge, while KCB Group led the selling charge. Foreign investor participation edged downwards to 20.2% from 37.7% in the prior week.
Expected in the week: 24th July 2025 – BAT Kenya 1H2025 results release |25th July 2025 – Eaagads FY2025 results release
