Equity Market Summary
The market closed the week in the red, with the NSE 20 and NSE 25 easing by 1.2% w/w each. Likewise, the NASI and N10 declined by 0.8% w/w and 1.5% w/w, respectively.
Market activity shrank to USD 17.68m (-23.5% w/w). Equity Group dominated market activity, accounting for 37.7% of the week’s turnover. The counter’s price inched lower by 2.0% w/w to KES 73.50.
Likewise, KCB Group and I&M dwindled by 2.2% w/w and 0.3% w/w to KES 67.00 and KES 49.50, respectively.
Safaricom slid 0.7% w/w to KES 29.70 while BAT gravitated to a position of relative stability, remaining unchanged at KES 574.00.
Car & General was the week’s top gainer, rallying by 11.5% w/w to KES 73.00. Conversely, Africa Mega Agricorp was the week’s leading laggard, down 7.3% w/w to KES 108.25.
Foreign investors were bearish, with net outflows of USD 2.37m. Safaricom led the buying charge, while Equity Group led the selling charge. Foreign investor activity dropped to 27.5% from 52.2% in the prior week.
Expected in the week: Safaricom FY 26 Earnings – 07th May 2026
