EQUITY MARKET COMMENTARY
The market closed the week in the green, with the NASI, N10, NSE 20 and NSE 25 rising by 0.2% w/w, 1.0% w/w, 1.7% w/w and 1.6% w/w, respectively.
Market activity eased to USD 30.8m (-44.4% w/w). Safaricom dominated market activity, accounting for 22.1% of the week’s turnover. The counter’s price function weakened by 4.7% w/w to KES 29.45.
Among the top-mover banking stocks, KCB Group rose by 3.9% w/w to KES 53.00 while HF Group remained unchanged at KES 11.00. On the other hand, Equity Group and Co-op Bank tapered by 2.3% w/w and 2.0% w/w to KES 54.25 and KES 19.90, respectively.
Flame Tree was the week’s top gainer, up 29.1% w/w to close at KES 1.91. On the other hand, Sameer shed 15.1% w/w to KES 14.10, closing as the week’s leading laggard.
Foreign investors were bearish, with net outflows of USD 4.0m. EABL led the buying charge, while Safaricom led the selling charge. Foreign investor activity softened to 18.3% from 38.2% in the prior week.
Expected in the week: 18th September 2025 – NCBA KES 2.50 interim dividend book closure | 19th September 2025 – Absa KES 0.20 interim dividend book closure.
