EQUITY MARKET COMMENTARY
The market closed the week in the red, with the NASI, N10, NSE 20, and NSE 25 tapering by 3.3% w/w, 1.8% w/w, 2.9% w/w, and 1.8% w/w, respectively.
Market activity softened to USD 12.7m (-21.9% w/w). Safaricom dominated market activity, accounting for 31.6% of the week’s turnover. The counter’s price function eased by 6.2% w/w to KES 27.10.
Of the top traded power stocks, Kenya Power and KenGen slipped by 13.5% w/w and 7.2% w/w to KES 13.40 and 9.28, respectively, with the former closing as the week’s worst performer. Notably, Kenya Power released its financial results for the year ended 30th June 2025 in the week, with its PAT narrowing by 18.7%y/y to KES 24.5bn. Its Board of Directors has recommended a final dividend of KES 0.20, whose book closure is slated for 2nd December 2025.
EABL inched higher by 1.9% w/w to KES 217.00, closing as the week’s best performing mover. On the other hand, KCB Group’s price function weakened by 0.9% w/w to KES 56.50.
Car and General was the week’s top gainer, up 13.7% w/w to close at KES 51.75.
Foreign investors turned bearish, with net outflows of USD 679.4k. KCB Group led the buying charge, while the ABSA New Gold ETF led the selling charge. Foreign investor activity rose to 38.5% from 35.7% in the prior week.
Expected in the week: Kapchorua and Williamson Tea 1:1 bonus issue book closure – 13th October 2025 | October/November 2025 EPRA pump cycle review – 14th October 2025.
