EQUITY MARKET COMMENTARY
The market closed the week in the green, with the NASI and N10 advancing by 1.7%w/w. In addition, the NSE 20 and NSE 25 rose by 1.3% w/w and 1.4% w/w, respectively.
Market activity eased by 29.2% w/w to USD 10.2m. Equity Group dominated market activity, accounting for 15.1% of the week’s turnover. The counter’s price function strengthened by 4.4% w/w to KES 44.95, closing as the week’s bestperforming mover.
Safaricom, KenGen and Stanbic inched upwards by 2.2% w/w, 1.0% w/w and 0.2% w/w to KES 21.05, KES 5.00 and KES 153.00, respectively.
Conversely, Liberty Kenya tapered by 1.3% w/w to KES 11.40 to close as the week’s worst-performing mover.
Foreign investors were bearish, with net outflows of USD 763.8k. EABL led the buying charge, while Equity Group led the selling charge. Foreign investor participation edged downwards to 20.4% from 39.0% in the prior week.
Expected in the week: 14th June 2025 – Liberty Kenya’s KES 0.60 special dividend and KES 1.00 final dividend book closure.
