{"id":11311,"date":"2025-02-26T14:26:59","date_gmt":"2025-02-26T14:26:59","guid":{"rendered":"https:\/\/sib.co.ke\/reports\/?p=11311"},"modified":"2025-02-26T14:36:11","modified_gmt":"2025-02-26T14:36:11","slug":"kenya-weekly-market-wrap-24-feb-2025","status":"publish","type":"post","link":"https:\/\/sib.co.ke\/reports\/kenya-weekly-market-wrap-24-feb-2025\/","title":{"rendered":"KENYA WEEKLY MARKET WRAP | 24 Feb 2025"},"content":{"rendered":"\n
SIB Weekly Market Wrap 24 Feb 2025<\/a>Download<\/a><\/div>\n\n\n\n

EQUITY MARKET COMMENTARY<\/h4>\n\n\n\n

The market closed the week on a bullish note, with the NASI, N10, NSE 20 and NSE 25 gaining 1.3% w\/w, 0.5% w\/w,0.8% w\/w and 0.3% w\/w, respectively. <\/p>\n\n\n\n

Market activity rose to USD 16.0m (+5.2% w\/w). KCB Group dominated market activity accounting for 38.7% of the week\u2019s turnover. The counter\u2019s price function dipped by 2.8% w\/w to KES 43.95 to close as the week\u2019s worst-performing mover. <\/p>\n\n\n\n

Equity Group\u2019s price function eased by 1.4% w\/w to KES 47.00, whereas EABL tapered by 1.9% w\/w to KES 183.75. On the other hand, Absa rose by 2.4% w\/w to KES 18.95. <\/p>\n\n\n\n

Safaricom advanced by 3.9% w\/w to KES 18.80, emerging as the week\u2019s best-performing mover. Notably, Uchumi surged 10.0% w\/w to KES 0.33, buoyed by speculation around the firm\u2019s interim liquidator announcement of a creditor\u2019s meeting on 17th March 2025. <\/p>\n\n\n\n

Foreign investors turned bullish, with net inflows of USD 669.6k. KCB Group led the buying charge while Equity Group led the selling charge for the second week. Foreign investor participation declined to 29.7% from 59.5% in the prior week.<\/p>\n\n\n\n

Expected in the week: 28th February 2025 \u2013 February 2025 inflation numbers, KPLC\u2019s KES 0.20 interim dividend book closure.<\/p>\n\n\n\n

Read More:<\/h4>\n\n\n\n
SIB Weekly Market Wrap 24 Feb 2025<\/a>Download<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

EQUITY MARKET COMMENTARY The market closed the week on a bullish note, with the NASI, N10, NSE 20 and NSE 25 gaining 1.3% w\/w, 0.5% w\/w,0.8% w\/w and 0.3% w\/w, respectively. Market activity rose to USD 16.0m (+5.2% w\/w). KCB Group dominated market activity accounting for 38.7% of the week\u2019s turnover. The counter\u2019s price function…<\/p>\n","protected":false},"author":4,"featured_media":11147,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[1],"tags":[89,73,91,77,84],"class_list":["post-11311","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-weekly-reports","tag-eabl","tag-kcb-bank","tag-kcb-group","tag-nse","tag-safaricom"],"yoast_head":"\nKENYA WEEKLY MARKET WRAP | 24 Feb 2025 - Standard Investment Bank<\/title>\n<meta name=\"description\" content=\"The market closed the week on a bullish note, with the NASI, N10, NSE 20 and NSE 25 gaining 1.3% w\/w, 0.5% w\/w,0.8%w\/w and 0.3% w\/w, respectively.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sib.co.ke\/reports\/kenya-weekly-market-wrap-24-feb-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KENYA WEEKLY MARKET WRAP | 24 Feb 2025\" \/>\n<meta property=\"og:description\" content=\"The market closed the week on a bullish note, with the NASI, N10, NSE 20 and NSE 25 gaining 1.3% w\/w, 0.5% w\/w,0.8%w\/w and 0.3% w\/w, respectively.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sib.co.ke\/reports\/kenya-weekly-market-wrap-24-feb-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Standard Investment Bank\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-26T14:26:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-26T14:36:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2024\/12\/Weekly-Market-Wrap-Cover.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Edward Kalaghe\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"KENYA WEEKLY MARKET WRAP | 24 Feb 2025\" \/>\n<meta name=\"twitter:description\" content=\"The market closed the week on a bullish note, with the NASI, N10, NSE 20 and NSE 25 gaining 1.3% w\/w, 0.5% w\/w,0.8%w\/w and 0.3% w\/w, respectively.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2024\/12\/Weekly-Market-Wrap-Cover.png\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Edward Kalaghe\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sib.co.ke\/reports\/kenya-weekly-market-wrap-24-feb-2025\/\",\"url\":\"https:\/\/sib.co.ke\/reports\/kenya-weekly-market-wrap-24-feb-2025\/\",\"name\":\"KENYA WEEKLY MARKET WRAP | 24 Feb 2025 - 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