Equity Market Summary
The market closed the week in the green, with the NASI and NSE 25 rising by 2.3% w/w each. In addition, the N10 and NSE 20 inched higher by 2.2% w/w and 1.3% w/w, respectively.
Market activity tapered to USD 26.2m (-29.5% w/w). Safaricom dominated market activity, accounting for 38.9% of the week’s turnover. The counter’s price function strengthened by 3.9% w/w to KES 31.75.
Among the top mover banking counters, KCB Group, Equity Group, and NCBA advanced by 6.0% w/w, 4.0% w/w, and 1.1% w/w to KES 70.75, KES 77.25, and KES 88.25, respectively.
Longhorn was the week’s top gainer, rallying by 8.3% w/w to KES 2.88. Conversely, Sasini was the week’s leading laggard, down by 15.0% w/w to KES 23.00.
Foreign investors were bearish, with net outflows of USD 1.9m. Equity Group led the buying charge, while Safaricom led the selling charge. Foreign investor activity rose to 32.6% from 32.0% in the prior week.
Expected in the week: CBK MPC interest rate decision – 9th June 2026 | Jubilee Holdings KES 13.00 final dividend book closure – 11th June 2026
