EQUITY MARKET COMMENTARY
The market closed the week in the red, with the NASI, N10, NSE 20, and NSE 25 retreating by 1.3% w/w, 0.4% w/w, 0.2% w/w, and 0.3% w/w, respectively.
Market activity halved to USD 19.08m (-58.7% w/w). Safaricom dominated market activity, accounting for 38.6% of the week’s turnover. The counter’s price function eased by 2.8% w/w to KES 23.95.
Of the top traded banking stocks, Stanbic and KCB Group dwindled by 0.9% w/w and 2.1% w/w to KES 160.25 and KES 43.60, respectively. Equity Group, on the other hand, was the only top mover to gain, rising by 1.8% w/w to KES 46.15.
Foreign investors were bullish, with net inflows of USD 3.1m. Safaricom led the buying charge, while Centum led the selling charge. Foreign investor participation edged downwards to 36.7% from 59.5% in the prior week.
Expected in the week: 27th June 2025 – TotalEnergies KES 1.92 dividend book closure.
