Equity Market Commentary
The market closed the week in the red, with the NASI, N10, NSE 20, and NSE 25 easing by 2.4% w/w, 3.2% w/w, 2.3% w/w, and 2.9% w/w, respectively.
Market activity held steady at USD 27.8m (-0.5% w/w). Safaricom dominated market activity, accounting for 35.9% of the week’s turnover. The counter’s price function weakened by 1.7% w/w to KES 29.00.
Of the top traded banking stocks, KCB Group dwindled by 7.1% w/w to KES 65.00 while Co-op Bank notched higher by 8.3% w/w to KES 24.80 on the back of its 3Q25 earnings release and the maiden KES 1.00 interim dividend.
EABL retreated by 4.2% w/w to KES 235.00 while BAT gravitated to a position of relative stability, remaining unchanged at KES 450.00.
Uchumi was the week’s top gainer, up 23.1% w/w to close at KES 0.48. Conversely, Flame Tree was the week’s leading laggard, down 14.4% w/w to KES 1.55.
Foreign investors were profit-taking, with net outflows of USD 3.0m. KCB Group led the buying charge, while Safaricom led the selling charge. Foreign investor activity softened to 33.5% from 37.1% in the prior week.
