Equity Market Summary
The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 gaining 3.8% w/w, 2.3% w/w, 1.5% w/w, and 2.2% w/w, respectively.
Market activity rose to USD 36.5m (+17.9% w/w). Safaricom dominated market activity, accounting for 31.8% of the week’s turnover. The counter’s price function inched upwards by 8.1% w/w to KES 32.00.
Of the top traded banking stocks, Equity Group, KCB Group, and Stanbic advanced by 1.5% w/w, 1.1% w/w, 3.8% w/w to KES 68.00, KES 67.25, and KES 205.50, respectively. I&M Holdings gravitated to a position of relative stability, remaining unchanged at KES 45.00.
Africa Mega Agricorp was the week’s top gainer, rallying by 20.3% w/w to 93.25. Conversely, Unga Group was the week’s leading laggard, down 7.5% w/w to KES 22.10.
Foreign investors were profit-taking, with net outflows of USD 8.1m. The Absa New Gold ETF led the buying charge, while EABL led the selling charge. Foreign investor activity softened to 27.4% from 32.6% in the prior week.
Expected in the week: CBK MPC interest rate decision– 10th February 2026
