Equity Market Summary
The market closed the week on a mixed note, with the NASI, N10, and NSE 25 easing by 0.3% w/w, 0.4% w/w, and 0.4% w/w, respectively. On the other hand, the NSE 20 inched higher by 0.7% w/w.
Market activity jumped to USD 37.2m (+76.9% w/w). KCB Group dominated market activity, accounting for 43.3% of the week’s turnover. The counter’s price function gravitated to a position of relative stability, remaining unchanged at KES 66.75.
On the other hand, Equity Group and StanChart eased by 2.3% w/w and 0.5% w/w to KES 74.25 and KES 333.25, respectively.
Safaricom dwindled 0.7% w/w to KES 30.55 while BAT Kenya gained 3.4% to KES 520.00.
BK Group was the week’s top gainer, rallying by 14.1% w/w to KES 52.50. Conversely, Longhorn Kenya was the week’s leading laggard, down by 10.7% w/w to KES 2.66.
Foreign investors were bullish, with net inflows of USD 12.8m. KCB Group led the buying charge, while Absa led the selling charge. Foreign investor activity reduced to 32.0% from 33.3% in the prior week.
Expected in the week: Stanbic May 2026 Purchasing Managers’ Index – 4th June 2026.
