Equity Market Summary
The market closed the week bullish, with the NASI, N10, NSE 20, and NSE 25 up 0.7% w/w, 2.9% w/w, 2.2% w/w, and 2.7% w/w, respectively.
Market activity leaped to USD 847.1m (+3010.0% w/w). NCBA Group dominated market activity, accounting for 97.6% of the week’s turnover. This was largely attributed to a block trade of 1,087,362,891 shares, pursuant to the acquisition by Nedbank Group Limited of approximately 66% of the issued ordinary shares of NCBA Group Plc. The counter’s price advanced by 1.7% w/w to KES 89.50. Find the results of the offer here.
Equity Group, KCB Group, and Safaricom notched gains of 4.2% w/w, 4.1% w/w, and 2.4% w/w to KES 99.00, KES 89.50, and KES 34.40, respectively. On the other hand, Kenya Pipeline tapered by 23.0% w/w to KES 11.55.
Car and General was the week’s top gainer, up 7.8% w/w to KES 265.50. Conversely, Olympia slid 36.7% w/w to KES 12.25, emerging as the leading laggard.
Foreign investors were net buyers, with net inflows of USD 820.6m. NCBA Group led the buying charge, while Safaricom led the selling charge. Foreign investor activity expanded to 49.6%, up from 49.0 in the week prior.
Expected in the week: EPRA November/December 2026 pump price cycle review – 14th November 2026
