Kenya Equities Market Update – 5th September 2025

Market Performance

The equities market extended its bullish momentum during the week, with all major indices posting gains:

• NSE 20: +4.3% (YTD +44.2%)
• NASI: +3.3% (YTD +42.2%)
• NSE 10: +2.9% (YTD +32.5%)
• NSE 25: +2.5% (YTD +31.7%)

The positive performance was largely supported by price appreciation in key large-cap counters, including:

• DTB-K (+15.9%)
• Co-operative Bank (+14.0%)
• Safaricom (+4.7%)

However, the rally was partially offset by declines in:

• KCB Group (-6.0%)
• Stanbic Holdings (-1.2%)
• Equity Group (-0.9%)

Market Activity

Equities turnover surged by 126.3% to USD 55.3 mn, up from USD 24.4 mn the previous week. This marked one of the strongest weekly activity spikes of the year, taking YTD total turnover to USD 659.4 mn.

Investor Flows

After four consecutive weeks of net buying, foreign investors turned net sellers, registering a net outflow of USD 9.1 mn, compared to a net inflow of USD 3.5 mn the previous week. This brings the YTD foreign net selling position to USD 27.9 mn, versus a net selling position of USD 16.9 mn over the same period in 2024.

Takeaway

The week’s performance underscores strong domestic investor participation, particularly in banking stocks, despite renewed foreign outflows. Market momentum remains positive, with key indices maintaining double-digit YTD gains, though selective profit-taking on banking counters highlights investor caution amid ongoing sectoral pressures.

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