EQUITY MARKET COMMENTARY
The market closed the week in the green with the NASI, N10, and NSE 25 up by 0.4%w/w, 1.1%w/w, and 1.0%w/w. The NSE 20, on the other hand, gravitated to a position of relative stability remaining largely unchanged.
Market activity more than doubled to USD 17.7m (+138.8%w/w). Equity Group dominated market activity, accounting for 55.6% of the week’s turnover. The counter’s price function gained 1.9%w/w to KES 45.45.
Likewise, KCB Group and Co-op rose by 0.7%w/w and 0.3%w/w to KES 38.50 and KES 16.00, respectively. StanChart remained unchanged at KES 300.25. Safaricom eased by 0.6%w/w to KES 17.20.
Foreign investors remained bearish, with net outflows of USD 1.9m. Kenya Power led the buying charge, while KCB Group led the selling charge. Foreign investor participation edged upwards to 75.9% from 51.2% in the prior week.
Expected in the week: Monday, 28th April 2025 – Co-op Bank KES 1.50 dividend book closure | Wednesday, 30th April 2025 – April 2025 Inflation Numbers, NCBA KES 3.25 dividend book closure, ABSA KES 1.55 dividend book closure, StanChart KES 37.00 dividend book closure.
