Equity Market Commentary
The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 rising by 1.9% w/w, 2.1% w/w, 1.9% w/w, and 2.4% w/w, respectively.
Market activity jumped to USD 32.2m (+184.0% w/w). Safaricom dominated market activity, accounting for 48.7% of the week’s turnover. The counter’s price function strengthened by 1.3 % w/w to KES 28.30. Worth noting, the group’s first half results for the financial year 2026/2027 are expected on 6th November 2026.
Of the top traded banking stocks, Equity Group, KCB Group, and StanChart notched higher by 0.4% w/w, 2.2% w/w, and 1.5% w/w to KES 59.50, KES 58.25, and KES 295.00, respectively.
Likewise, EABL advanced by 4.6% w/w to KES 222.25, closing as the week’s best-performing top mover.
Olympia Capital Holdings was the week’s top gainer, up 21.8% w/w to close at KES 7.82. Conversely, Kapchorua Tea was the week’s leading laggard, down 34.1% w/w to KES 234.00.
Foreign investors were bearish, with net outflows of USD 12.8m. KCB Group led the buying charge, while Safaricom led the selling charge. Foreign investor activity rose to 44.5% from 26.7% in the prior week.
Expected in the week: 31st October 2025 – October 2025 Inflation Numbers
