Equity Market Summary
The market closed the week on a mixed note, with the NSE 20 inching lower by 0.4% w/w. On the other hand, the NASI notched higher by 2.1% w/w while the N10 and NSE 25 each rose by 0.6% w/w.
Market activity jumped to USD 33.8m (+91.2% w/w). Safaricom dominated market activity, accounting for 27.5% of the week’s turnover. The counter’s price rose by 8.4% w/w to KES 32.20 as investors priced in its FY26 financial results.
Likewise, Equity Group and Stanbic appreciated by 1.7% w/w and 1.4% w/w to KES 74.75 and KES 290.00, respectively.
BK Group and KCB slid by 1.8% w/w and 0.4% w/w to KES 53.50 and KES 66.75, respectively.
Shri Krishana Overseas was the week’s top gainer, rallying by 16.4% w/w to KES 10.20. Conversely, Flame Tree was the week’s leading laggard, down 21.1% w/w to KES 1.88.
Foreign investors were bearish, with net outflows of USD 5.8m. KenGen led the buying charge, while Safaricom led the selling charge. Foreign investor activity ticked higher to 40.9% from 27.5% in the prior week.
Expected in the week: Stanbic KES 18.55 final dividend book closure – 15th May 2026
