Equity Market Commentary
The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 rising by 2.0% w/w, 5.3% w/w, 4.4% w/w, and 4.2% w/w, respectively.
Market activity jumped to USD 27.9m (+39.4% w/w). Safaricom dominated market activity, accounting for 32.2% of the week’s turnover. The counter’s price function weakened by 2.5% w/w to KES 29.50. Worth noting, the group’s first half results for the financial year 2026/2027 were released on 6th November 2026, more below.
Of the top traded banking stocks, Equity Group and KCB Group notched higher by 5.3% w/w and 13.8% w/w to KES 69.75 and KES 70.00, respectively, with both counters touching all-time highs.
Likewise, EABL and KenGen advanced by 5.8% w/w and 2.4% w/w to KES 245.25 and KES 10.50, respectively.
NSE was the week’s top gainer, up 27.1% w/w to close at KES 20.65. Conversely, Williamson Tea was the week’s leading laggard, down 15.5% w/w to KES 164.75.
Foreign investors were bearish, with net outflows of USD 9.2m. KCB Group led the buying charge, while Safaricom led the selling charge. Foreign investor activity rose to 37.1% from 27.0% in the prior week.
Expected in the week: 14th November 2025 – EPRA Pump Price Review
