Kenya Equities Market Weekly Update – 25th April 2025

The Kenyan equities market rebounded during the week, with major indices posting positive gains:

• NSE 10 rose by 1.1%
• NSE 25 and NASI gained by 1.0% and 0.4%, respectively
• NSE 20 remained relatively unchanged

As a result, the YTD performance stood as follows:

• NSE 20: +4.5%
• NASI: +0.4%
• NSE 10: -2.8%
• NSE 25: -1.0%

Key Drivers

The rally was fueled by gains in large-cap counters:

• Absa Bank: +6.9%
• Diamond Trust Bank Kenya (DTB-K): +2.0%
• Equity Group: +1.9%

However, the marginal decline of 0.6% in Safaricom’s share price slightly tempered overall market momentum.

Regional Equities Market – East African Exchanges 20 Index (EAE 20)

The EAE 20 index remained relatively flat, as:

• Losses in Tanzanian counters such as Tanzania Cigarette Corp (-7.5%), Tanga Cement (-2.8%), and Tanzania Breweries (-2.0%)
• Were offset by gains in Kenyan financials, including:
  • Equity Group (+2.8%)
  • Absa Kenya (+1.8%)
  • KCB Group (+1.5%)

Trading Activity

• Equities turnover surged by 138.1% to USD 17.6 million, from USD 7.4 million the previous week.
• YTD turnover now stands at USD 251.6 million
• Foreign investors remained net sellers for the third straight week, offloading USD 1.9 million in net positions, slightly up from USD 1.7 million the prior week.
• YTD foreign net outflows reached USD 31.7 million, nearly doubling the outflows of USD 16.9 million during the same period in 2024.