Equity Market Summary
The market closed the week on a bullish note, with the NASI, N10, NSE 20, and NSE 25 advancing by 4.2%, 6.6%, 2.9%, and 5.1%, respectively.
Market activity surged to USD 49.8m (+88.1% w/w). Safaricom dominated market activity, accounting for 26.9% of the week’s turnover. The counter’s price function strengthened by 4.8% w/w to KES 32.65.
Among the top mover banking counters, Equity Group, KCB Group, and NCBA jumped by 6.0%, 5.8%, and 2.0% to KES 90.00, KES 73.25, and KES 80.00, respectively. Notably, Equity Group closed at an all-time high. On the other hand, Stanbic slipped by 1.2% w/w to KES 289.00.
Car and General was the week’s top gainer, rallying by 24.3% w/w to KES 116.50. Conversely, Liberty Kenya was the week’s leading laggard, down by 8.9% w/w to KES 9.00 (the firm’s KES 0.50 dividend book closure was on 15th June 2026).
Foreign investors turned bearish, with net outflows of USD 185.0k. Equity Group led the buying charge, while KCB Group led the selling charge. Foreign investor activity eased to 31.0% from 41.3% in the prior week.
Expected in the week: Family Bank NSE listing – 23rd June 2026 | Total Energies KES 3.45 final dividend book closure, Car and General KES 3.12 final dividend book closure – 24th June 2026 | TPS Serena KES 0.35 final dividend book closure – 26th June 2026.
