EQUITY MARKET COMMENTARY
The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 advancing by 8.2% w/w, 6.0% w/w, 3.1% w/w, and 5.2% w/w, respectively.
Market activity jumped to USD 46.1m (+350.7% w/w). Safaricom dominated market activity, accounting for 48.5% of the week’s turnover. The counter was the week’s best-performing top mover with its price function strengthening by 17.1% w/w to KES 24.65 – having touched an intra-week high of KES 24.90, the highest price level since 19th December 2022.
Of the top traded banking stocks, KCB Group and Equity Group gained 2.8% w/w and 0.9% w/w to KES 44.55 and KES 45.35, respectively. Likewise, EABL and BAT inched upwards by 0.7% w/w and 0.4% w/w to KES 181.00 and KES 349.00, respectively.
Foreign investors were bullish, with net inflows of USD 2.3m. Safaricom led the buying charge, while KCB Group led the selling charge. Foreign investor participation edged upwards to 59.5% from 20.4% in the prior week.
Expected in the week: 20th June 2025 – Kenya Re KES 0.15 dividend book closure
