Equity Market Summary
The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 gaining 1.4% w/w, 2.3% w/w, 2.4% w/w, and 2.1% w/w, respectively.
Market activity rose to USD 48.4m (+22.8% w/w). Safaricom dominated market activity, accounting for 27.1% of the week’s turnover. The counter’s price inched up 0.2% w/w to KES 30.70.
Of the top traded banking stocks, Equity Group and KCB Group advanced by 3.4% w/w and 2.3% w/w, respectively, to KES 77.00 and KES 79.25. NCBA, on the other hand, gravitated to a position of relative stability, remaining unchanged at KES 88.00.
EABL inched upwards by 5.2% w/w to KES 269.25.
Nation Media Group was the week’s top gainer, rallying by 22.3% w/w to 17.00, on news of the indirect acquisition of 54.08% shareholding from Aga Khan by Taarifa Ltd. Conversely, Kakuzi was the week’s leading laggard, down 3.8% w/w to KES 412.50.
Foreign investors were bearish, with net outflows of USD 10.6K. Stanbic led the buying charge, while Equity Group led the selling charge. Foreign investor activity dropped to 36.3% from 40.0% in the prior week.
Expected in the week: Equity Group FY25 results, StanChart FY25 results – 18th March 2026, Co-op FY25 results – 19th March 2026.
