Equities Market Weekly Update – Week Ending 11th April 2025

Kenya’s equities market closed the week in negative territory, weighed down by declines across major indices and widespread losses among key large-cap counters.

Market Performance Overview

All major indices recorded losses:

• NSE 10 led the decline, falling 3.9%
• NASI dropped by 3.6%
• NSE 25 fell 3.3%
• NSE 20 shed 2.6%

Year-to-date (YTD) performance now stands as follows:

• NSE 20: +5.2%
• NASI: +1.1%
• NSE 25: -1.1%
• NSE 10: -2.7%

🔻 Major Movers

The week’s poor market performance was mainly driven by losses in key large-cap stocks:

• DTB-K: -6.3%
• Absa Bank: -5.8%
• Safaricom: -5.4%

On the upside, Stanbic provided slight support with a marginal gain of 0.2%.

Key Market Highlights

1. Sanlam Kenya Rights Issue Announced
Sanlam Kenya’s Board of Directors announced the commencement of a rights issue, after receiving approvals from shareholders, CMA, NSE, and IRA.

• Up to 500 million new ordinary shares will be issued
• Pricing: Kshs 5.00 per share
• Objective: To reduce long-term debt and enhance operational and financial flexibility as the company works toward a return to profitability.

2. Regional Index Launch by EASEA
The East African Securities Exchanges Association (EASEA) launched the East Africa Exchanges (EAE) 20 Share Index, a cross-border benchmark tracking the top 20 listed companies across Kenya, Tanzania, Uganda, and Rwanda.

This marks a major step in deepening regional capital markets integration and may enhance visibility and investor confidence in East Africa’s top-tier stocks.