EQUITY MARKET COMMENTARY
The market closed the week in the green, with the NSE 20 and NASI rising by 3.2% w/w and 1.5% w/w, respectively. In addition, the N10 and NSE 25 inched upwards by 1.4% w/w each.
Market activity rose to USD 23.5m (+3.2% w/w). Safaricom dominated market activity, accounting for 45.9% of the week’s turnover. The counter’s price function strengthened by 1.2% w/w to KES 28.60.
Among the top-mover banking stocks, Equity Group, StanChart and KCB Group rose by 1.8% w/w, 1.5% w/w and 0.5% w/w to KES 56.00, KES 320.00 and KES 54.25, respectively.
Kenya Re surged by 12.4% w/w to KES 2.99, to close as the week’s best performing mover. Notably, Kenya Re reported its 1H25 financial results in the week, with its profit after tax coming in at KES 1.6bn (+50.5%y/y).
Express Kenya was the week’s top gainer, up 39.4% w/w to close at KES 6.62. On the other hand, Kenya Airways shed 20.3% w/w to KES 3.74, closing as the week’s leading laggard.
Foreign investors were bullish, with net inflows of USD 3.5m. Safaricom led the buying charge, while Umeme led the selling charge. Foreign investor participation rose to 37.0% from 28.9% in the prior week.
Expected in the week: 02nd September 2025 – Stanbic Holdings KES 3.80 interim dividend book closure, Car & General KES 0.30 interim dividend book closure | 03rd September 2025 – KCB Group KES 4.00 Interim & Special dividend book closure, Stanbic August 2025 Purchasing Managers Index.
