EQUITY MARKET COMMENTARY
The market closed the week on a mixed note, with the NASI declining by 1.3% w/w, whereas the N10 and NSE 25 eased by 0.7% w/w each. On the other hand, the NSE 20 rose by 0.4% w/w.
Market activity softened to USD 19.05m (-34.0% w/w). Safaricom dominated market activity, accounting for 41.4% of the week’s turnover. The counter’s price function weakened by 3.5% w/w to KES 26.00.
KCB Group and Equity Group declined by 1.3% w/w and 4.1% w/w to KES 46.40 and KES 49.65, respectively, with the latter closing as the week’s worst-performing top mover.
EABL surged by 10.7% w/w to KES 211.75, emerging as the week’s best-performing mover. Conversely, KenGen declined by 1.1% w/w to KES 7.08.
Kapchorua Tea was the week’s top gainer, up 14.4% w/w to close at KES 321.50. On the other hand, Sameer shed 12.0% w/w to KES 5.42, closing as the week’s leading laggard.
Foreign investors were bullish, with net inflows of USD 182.9k. Safaricom led the buying charge, while KCB Group led the selling charge. Foreign investor participation edged downwards to 37.7% from 44.8% in the prior week.
Expected in the week: 14th July 2025 – Umeme UGX 222 interim dividend book closure, EPRA July/August pump price cycle review
