Kenya Equities Market Update – Week Ending 18th July 2025

The equities market posted a bearish performance during the week, with all major indices closing lower:

• 🔻 NSE 10: -1.4%
• 🔻 NSE 25: -0.9%
• 🔻 NASI: -0.7%
• 🔻 NSE 20: -0.5%

Year-to-Date Gains remain strong despite the dip:

• NASI: +26.0%
• NSE 20: +21.5%
• NSE 25: +16.8%
• NSE 10: +16.4%

Market Movers:
The weekly decline was mainly driven by losses in large-cap stocks:

• EABL: -8.3%
• Co-op Bank: -1.8%
• Absa Bank: -1.8%

However, gains in select counters helped cushion the fall:

• Stanbic Bank: +1.5%
• Standard Chartered: +1.1%
• Safaricom: +1.0%

Turnover & Investor Activity:

• Market turnover increased by 13.2% to USD 18.0 million
• Foreign investors turned net sellers (USD -2.6 million), breaking a six-week buying streak
• YTD foreign net selling now stands at USD 29.2 million, up from USD 16.9 million in 2024

Earnings Watch:
Centum Investments released its FY’2025 results:

• PAT dropped by 68.8% to Kshs 0.8 bn (from Kshs 2.6 bn in FY’2024)
• Driven by:
  • 97.0% decline in Two Rivers SEZ profit (Kshs 0.1 bn)
  • 39.9% drop in real estate business earnings (Kshs 1.5 bn)
• Gains in investment operations (up 434.2% to Kshs 1.2 bn) helped partially offset the decline