EQUITY MARKET COMMENTARY
The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 rising by 1.4% w/w, 1.5% w/w, 1.3% w/w and 1.7% w/w, respectively.
Market activity eased to USD 15.6m (-28.4% w/w). Safaricom dominated market activity, accounting for 28.2% of the week’s turnover. The counter’s price function strengthened by 1.0% w/w to KES 26.25.
Amongst the top-mover banking stocks, Equity Group, KCB Group and I&M rose by 4.0% w/w, 2.2% w/w and 1.2% w/w to KES 52.50, KES 48.35 and KES 37.30, respectively.
EABL inched lower by 1.1% w/w to close the week at KES 208.00.
Sameer was the week’s top gainer, up 43.6% w/w to close at KES 12.55. On the other hand, Standard Group shed 8.9% w/w to KES 5.94, closing as the week’s leading laggard.
Foreign investors were bullish, with net inflows of USD 2.0m. Safaricom led the buying charge, while KCB Group led the selling charge. Foreign investor participation softened to 9.6% from 24.6% in the prior week.
Expected in the week: 11th August 2025 – Equity Group 1H25 Results Release | 12th August 2025 – Absa 1H25 Results Release, CBK MPC Interest Rate Decision | 13th August 2025 – KCB Group Results Release | 14th August 2025 – Co-op Bank 1H25 Results Release, Aug – Sept 2025 EPRA Pump Cycle Review
