Equity Market Summary
The market closed the week on a mixed note, with N10, NSE 20, and NSE 25 easing by 1.2% w/w, 1.9% w/w, and 1.2% w/w, respectively. Meanwhile, NASI gained 1.4% w/w.
Market activity retreated to USD 27.2Mn (-92.2% w/w), normalizing following the absence of last week’s KES 42.0 billion block trade in Kenya Pipeline Company (KPC). NSE dominated market activity, accounting for 27.0% of the week’s turnover. The counter’s price function advanced by 2.9% w/w to KES 32.40.
KPC, the week’s best-performing top mover, inched upwards by 42.2% w/w to KES 15.00 as the market reacted to news of Dangote’s c.25% share purchase. Safaricom and KCB Group both gained 0.9% w/w to KES 33.60 and KES 86.00, respectively. On the other hand, Equity Group inched lower by 2.6% w/w to KES 95.00.
Olympia Capital Holdings was the week’s top gainer on a 175.6% w/w to KES 19.35. On the other hand, Shri Krishana Overseas slid 12.6% w/w to KES 13.85, emerging as the leading laggard.
Foreign investors were net sellers, with net outflows of USD 6.8m. Kenya Power led the buying charge, while Equity Group led the selling charge. Foreign investor activity expanded to 49.0% in the week.
Expected in the week: Safaricom 1H27 Earnings Release – 5th November 2026
