Equity Market Summary
The market closed the week in the red, with the NASI, N10, NSE 20, and NSE 25 declining by 0.9% w/w, 1.0% w/w, 0.8% w/w, and 0.6% w/w, respectively.
Market activity eased to USD 15.9m (-67.2% w/w). Equity Group dominated market activity, accounting for 27.9% of the week’s turnover. The counter’s price inched lower by 0.6% w/w to KES 76.50.
Likewise, KCB Group and Stanbic retreated by 4.1% w/w and 0.3% w/w to KES 76.00 and KES 260.00, respectively. Co-op Bank gravitated to a position of relative stability, remaining largely unchanged at KES 29.95.
Safaricom eased by 1.5% w/w to KES 30.25.
Uchumi was the week’s top gainer, rallying by 6.9% w/w to 2.18. Conversely, Nation Media Group was the week’s leading laggard, down 6.2% w/w to KES 15.95.
Foreign investors were bearish, with net outflows of USD 2.7m. Stanbic led the buying charge, while Equity Group led the selling charge. Foreign investor activity dropped to 35.8% from 36.3% in the prior week.
Expected in the week: I&M Group FY25 results – 25th March 2026, NCBA FY25 results – 26th March 2026.
