Equity Market Summary
The market closed the week in the green, with the NSE 25 and N10 rising by 0.2% w/w and 0.1% w/w, respectively. In addition, the NASI and NSE 20 each edged higher by 0.5% w/w.
Market activity surged to USD 41.7m (+94.7% w/w). Kenya Pipeline dominated market activity, accounting for 42.1% of the week’s turnover. The counter’s price rose by 6.9% w/w to KES 9.94.
Likewise, Equity Group inched upwards by 1.0% to KES 75.00.
On the other hand, I&M, KCB Group, and Safaricom tapered by 5.9% w/w, 2.5% w/w, 0.5% w/w to KES 48.45, KES 69.25, and KES 29.60, respectively. Markedly, I&M’s KES 2.25 final dividend book closure was pencilled for 16th April 2026.
Sameer was the week’s top gainer, rallying by 18.7% w/w to KES 19.05, as investors priced in its latest financial results. In particular, the firm’s profit after tax rose by 5.5% y/y to KES 274.5m. Conversely, Sanlam was the week’s leading laggard, down 6.1% w/w to KES 9.30.
Foreign investors were bullish, with net inflows of USD 793.9k. Equity Group led the buying charge, while Safaricom led the selling charge. Foreign investor activity declined to 28.1% from 35.1% in the prior week.
Expected in the week: CIC Insurance KES 0.13 final dividend book closure – 23rd April 2026
