Equity Market Summary
The market closed the week in the red, with the NASI, N10, NSE 20, and NSE 25 declining by 6.7% w/w, 9.0% w/w, 6.6% w/w, and 7.5% w/w, respectively.
Market activity jumped to USD 36.8m (+132.3% w/w). Safaricom dominated market activity, accounting for 22.5% of the week’s turnover. The counter’s price tapered by 7.3% w/w to KES 28.05.
Likewise, KCB Group softened by 10.5% w/w to KES 68.00, while Equity Group and Co-op Bank declined by 9.8% w/w each to KES 69.00 and KES 27.00, respectively.
Stanbic eased by 0.5% w/w to KES 258.75.
Limuru Tea was the week’s top gainer, rallying by 2.8% w/w to 514.00. Conversely, Uchumi was the week’s leading laggard, down 15.6% w/w to KES 1.84.
Foreign investors were bearish, with net outflows of USD 3.8m. Stanbic led the buying charge, while Equity Group led the selling charge. Foreign investor activity dropped to 12.5% from 35.8% in the prior week.
Expected in the week: Family Bank FY25 results – 30th March 2026, HF Group FY25 results – 31st March 2026, March 2026 inflation numbers – 31st March 2026
