Equity Market Summary
The market closed the week on a mixed note, with the NASI and NSE 25 rising by 0.4% w/w each. On the other hand, the NSE 20 edged upwards by 0.3% w/w while the N10 eased by 0.3% w/w.
Market activity rose to USD 22.8m (+26.5% w/w). Stanbic dominated market activity, accounting for 17.8% of the week’s turnover. The counter’s price function eased by 1.0% w/w to KES 198.00.
KCB Group and Equity Group tapered by 1.1% w/w and 0.4% w/w to KES 66.75 and KES 68.75, respectively. Additionally, BAT Kenya and Safaricom shed 0.2% w/w each to KES 472.50 and KES 29.65, respectively.
Absa New Gold ETF was the week’s top gainer, rallying by 81.4% w/w to 5,915.00. Conversely, B.O.C was the week’s leading laggard, down 9.0% w/w to KES 120.75.
Foreign investors were bearish, with net outflows of USD 293.8K. Equity Group led the buying charge, while Absa New Gold ETF led the selling charge. Foreign investor activity climbed to 37.9% from 34.8% in the prior week.
Expected in the week: 30th January 2026 – EABL HY26 results, January 2026 inflation numbers.
