Equity Market Commentary
The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 rising by 4.7% w/w, 5.8% w/w, 2.5% w/w, and 4.3% w/w, respectively.
Market activity rose to USD 20.0m (+12.5% w/w). Safaricom dominated market activity, accounting for 36.1% of the week’s turnover. The counter’s price function strengthened by 6.9% w/w to KES 30.25. Worth noting, the group’s first half results or the financial year 2026/2027 are expected on 6th November 2026.
Of the top traded banking stocks, Equity Group, KCB Group, and I&M Group notched higher by 11.3% w/w, 5.6% w/w, and 0.3% w/w to KES 66.25, KES 61.50, and KES 43.90, respectively. Equity Group rallied on the back of its 3Q25 performance, that were released within the week, to close as the week’s best performing top mover.
Likewise, KenGen advanced by 2.7% w/w to KES 10.25.
Total Energies was the week’s top gainer, up 26.6% w/w to close at KES 46.40. Conversely, Africa Mega Agricorp was the week’s leading laggard, down 8.1% w/w to KES 59.75.
Foreign investors were bearish, with net outflows of USD 1.4m. Equity Group led the buying charge, while Safaricom led the selling charge. Foreign investor activity eased to 27.0% from 44.5% in the prior week.
Expected in the week: 06 November 2025 – Safaricom 1H26 Results.
