Equity Market Summary
The market closed the week on a bearish note with the NASI, N10, NSE 20, and NSE 25 easing by 0.8% w/w, 0.7% w/w, 2.3% w/w, and 1.0% w/w, respectively.
Market activity declined to USD 20.1m (-17.3% w/w). Safaricom dominated market activity, accounting for 39.1% of the week’s turnover. The counter’s price function advanced by 0.5% w/w to KES 28.90.
Of the top traded banking stocks, Equity Group and KCB Group dwindled by 2.8% w/w and 4.3% w/w to KES 61.00 and KES 56.25, respectively.
Likewise, Kenya Power eased by 9.8% w/w to KES 12.00 while EABL advanced by 1.6% w/w to KES 225.00.
Uchumi was the week’s top gainer, up 48.1% w/w to close at KES 1.60. Conversely, Car & General was the week’s leading laggard, down 13.4% w/w to KES 50.00.
Foreign investors were profit-taking, with net outflows of USD 3.1m. Equity Group led the buying charge, while Safaricom led the selling charge. Foreign investor activity declined to 25.0% from 38.3% in the prior week.
Expected in the week; CBK MPC Interest Rate Decision – 9th December 2025.
