Equity Market Summary
The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 rising by 1.5% w/w, 0.8% w/w, 1.8% w/w, and 1.1% w/w, respectively.
Market activity contracted to USD 44.8m (-53.3% w/w). Safaricom dominated market activity, accounting for 46.1% of the week’s turnover. The counter’s price function strengthened by 4.1% w/w to KES 37.85.
Kenya Power and Co-op Bank rose by 5.5% w/w and 2.5% w/w to KES 22.10 and KES 37.25, respectively. On the other hand, Equity Group tapered by 0.3% w/w to KES 93.25, while KCB Group remained stable at KES 93.50.
Africa Mega Agricorp surged by 23.8% w/w to KES 173.25, closing the week as the top gainer. Conversely, Car & General slid by 37.4% w/w to KES 234.25, emerging as the leading laggard.
Foreign investors were net sellers, with net outflows of USD 7.1m. KCB Group led the buying charge, while Safaricom led the selling charge. Foreign investor activity expanded to 47.0% from 14.8% in the prior week.
Expected in the week: August 2026 inflation numbers – 31st August 2026 | Stanbic Holdings 1H26 KES 1.64 interim dividend book closure – 01st September 2026 | KCB Group 1H26 KES 3.00 interim dividend book closure – 2nd September 2026
