Equity Market Summary
The market closed the week in the red, with NASI, N10, NSE 20, and NSE 25 easing by 2.3% w/w, 3.5% w/w, 1.7% w/w, and 2.8% w/w.
Market activity advanced to USD 348.3m (+1,324.7% w/w) on the back of a KES 42Bn block trade on Kenya Pipeline Company (KPC). KPC dominated market activity, accounting for 93.4% of the week’s turnover. The counter’s price function advanced by 17.2% w/w to KES 10.55, doubling as the week’s best performing top mover and top gainer.
On the other hand, Safaricom, KCB Group, Equity Group, and DTB eased by 4.6% w/w, 4.7% w/w, 2.5% w/w, and 0.3% w/w to KES 33.30, KES 85.25, KES 97.50, and KES 186.25, respectively.
Standard Group slid 8.2% w/w to KES 5.82, emerging as the leading laggard.
Foreign investors were net sellers, with net outflows of USD 9.4m. Kenya Power led the buying charge, while Safaricom led the selling charge. Foreign investor activity expanded to 38.4% from 30.2% in the prior week.
Expected in the week: Dangote Petroleum Refinery & Petrochemicals IPO offer close – 27th October 2026 | October 2026 Inflation Numbers – 30th October 2026
