Equity Market Summary
The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 rising by 1.1% w/w, 0.4% w/w, 3.0% w/w, and 0.9% w/w, respectively.
Market activity contracted to USD 18.6m (-35.7% w/w). Equity Group dominated market activity, accounting for 19.8% of the week’s turnover. The counter’s price function strengthened by 0.6% w/w to KES 86.50.
In addition, I&M, Safaricom, KCB Group and DTB edged higher by 3.8% w/w, 1.3% w/w, 0.9% w/w and 0.7% w/w to KES 68.00, KES 35.50, KES 80.75 and KES 146.25, respectively.
Britam jumped by 26.1% w/w to KES 18.35, closing the week as the top gainer. On the other hand, Uchumi slid by 6.3% w/w to KES 1.63, emerging as the leading laggard.
Foreign investors turned net sellers, with net outflows of USD 2.2m. Safaricom led the buying charge, while Equity Group led the selling charge. Foreign investor activity declined to 19.1% from 29.7% in the prior week.
