Equity Market Summary
The market closed the week in the red, with the NASI, N10, NSE 20, and NSE 25 easing 3.5% w/w, 3.1% w/w, 3.9% w/w, and 3.1% w/w, respectively.
Market activity declined to USD 39.4m (-20.5% w/w). Equity Group dominated market activity, accounting for 36.0% of the week’s turnover. The counter’s price function inched lower by 3.6% w/w to KES 74.50.
Likewise, KCB Group and ABSA dwindled by 3.4% w/w and 6.4% w/w to KES 77.50 and KES 30.15, respectively.
EABL softened by 1.3% w/w to KES 256.00.
Africa Mega Agricorp was the week’s top gainer, rallying by 10.7% w/w to 108.25. Conversely, Uchumi was the week’s leading laggard, down 38.6% w/w to KES 1.80.
Foreign investors were bearish, with net outflows of USD 7.0K. ABSA New Gold ETF led the buying charge, while Safaricom led the selling charge. Foreign investor activity rose to 40.0% from 33.6% in the prior week.
Expected in the week: Stanbic FY25 results, KCB Group FY25 results – 11th March 2026
