Equity Market Summary
The market closed the week in the red, with the NASI, N10, NSE 20, and NSE 25 inching lower by 1.9% w/w, 0.1% w/w, 0.2% w/w, and 0.3% w/w, respectively.
Market activity softened to USD 23.7m (-29.9% w/w). Equity Group dominated market activity, accounting for 26.8% of the week’s turnover. The counter’s price rose by 0.3% w/w to KES 75.00.
Co-op Bank soared by 10.5% w/w to KES 32.50 as investors priced in its 1Q26 financial results, while Kenya Pipeline remained unchanged in the week to close at KES 9.10.
On the other hand, Safaricom and EABL tapered by 6.7% w/w and 0.8% w/w to KES 30.05 and KES 243.25, respectively.
Flame Tree was the week’s top gainer, rallying by 13.8% w/w to KES 2.14. Conversely, BAT was the week’s leading laggard, down by 9.8% w/w to KES 513.00.
Foreign investors were bearish, with net outflows of USD 2.9m. Safaricom led the buying charge, while Equity Group led the selling charge. Foreign investor activity ticked higher to 45.2% from 40.9% in the prior week.
