EQUITY MARKET COMMENTARY
The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 rising by 2.2% w/w, 0.6% w/w, 1.4% w/w, and 2.1% w/w, respectively.
Market activity softened to USD 11.4m (-10.4% w/w). Safaricom dominated market activity, accounting for 28.2% of the week’s turnover. The counter’s price function strengthened by 3.1% w/w to KES 27.95.
Of the top traded banking stocks, KCB Group and Equity Group notched higher by 0.9% w/w and 0.4% w/w to KES 57.00 and KES 59.25, respectively.
On the other hand, Kenya Power and KenGen tapered by 2.6% w/w and 1.7% w/w to KES 13.05 and KES 9.12, respectively, with the former closing as the week’s worst performing mover.
NCBA was the week’s top gainer, up 20.7% w/w to close at KES 83.25 as investors priced in news of a potential acquisition transaction with South Africa’s Standard Bank. Stanbic Holdings, however, released a statement addressing the speculations as attached, here.
Conversely, Williamson Tea was the week’s leading laggard, down 35.8% w/w to KES 193.25, likely attributable to the counter’s bonus issue closure on 13th October 2025.
Foreign investors turned bullish, with net inflows of USD 499.8k. KCB Group led the buying charge, while the B.O.C led the selling charge. Foreign investor activity tapered to 26.7% from 38.5% in the prior week.
