EQUITY MARKET COMMENTARY
The market closed the week in the green, with the NASI, N10, NSE 20, and NSE 25 gaining by 1.6% w/w, 1.5% w/w, 1.4% w/w, and 1.6% w/w, respectively.
Market activity rose to USD 20.0m (+11.2% w/w). KCB Group dominated market activity, accounting for 43.0% of the week’s turnover. The counter’s price function advanced by 2.8% w/w to KES 47.50.
Likewise, Equity Group and StanChart inched upwards by 2.0% w/w and 1.5% w/w to KES 50.50 and KES 309.00, respectively.
Safaricom rose by 2.5% w/w to KES 26.90, with BAT up 4.6% w/w to KES 398.50, on the back of its 1H25 earnings release.
Sameer was the week’s top gainer, up 18.4% w/w to close at KES 5.92. On the other hand, Umeme – trading ex. dividend – shed 27.2% w/w to KES 9.94, closing as the week’s leading laggard.
Foreign investors were bearish, with net outflows of USD 2.8m. Equity Group led the buying charge, while Safaricom led the selling charge. Foreign investor participation edged downwards to 19.7% from 20.2% in the prior week.
Expected in the week: 31st July 2025 – EABL FY25 Results release, Safaricom KES 0.65 dividend book closure, Kapchorua KES 25.00 dividend book closure, Williamson Tea KES 10.00 dividend book closure.
