EQUITY MARKET COMMENTARY
The market closed the week on a mixed note, with the N10 and NSE 20 rising by 0.1% w/w each. Conversely, the NASI declined by 1.0% w/w, whereas the NSE 25 remained unchanged.
Market activity rose to USD 21.8m (+8.6% w/w). Safaricom dominated market activity, accounting for 53.4% of the week’s turnover. The counter’s price function weakened by 3.3% w/w to KES 26.00.
Amongst the top-mover banking stocks, KCB Group softened by 0.4% w/w to KES 47.30. On the other hand, Equity Group and Absa remained unchanged at KES 50.50 and KES 19.50, respectively.
EABL inched upwards by 7.1% w/w to close at KES 210.25. Notably, the counter’s FY25 financial results were released on 31st July 2025.
Sameer was the week’s top gainer, up 47.6% w/w to close at KES 8.74. On the other hand, Williamson Tea shed 8.5% w/w to KES 224.50, closing as the week’s leading laggard.
Foreign investors turned bullish, with net inflows of USD 3.0m. Equity Group led the buying charge, while Safaricom led the selling charge. Foreign investor participation edged upwards to 24.6% from 19.7% in the prior week.
Expected in the week: 05th August 2025 – Stanbic July 2025 Purchasing Managers’ Index
