Kenya Equities Market Weekly Performance Update (January 24, 2025)

The Kenyan equities market continued its upward momentum this week, with notable gains across key indices.

Market Performance at a Glance

✅ NSE 10: +3.0% (biggest gainer)
✅ NSE 25: +2.9%
✅ NSE 20: +1.8%
✅ NASI: +1.3%

These movements take the Year-to-Date (YTD) returns to:

▪️ NSE 20: +6.2%
▪️ NASI: +5.7%
▪️ NSE 10: +3.3%
▪️ NSE 25: +3.2%

Top Stock Movers This Week

📈 Biggest Gainers:
🔹 EABL: +7.2% 🍺
🔹 KCB: +6.6% 🏦
🔹 DTBK: +5.3% 💰

📉 Biggest Decliners:
🔻 Bamburi Cement: -3.5% 🏗️
🔻 Stanbic: -1.6% 🏦
🔻 BAT Kenya: -0.5% 🚬

Market Activity & Investor Trends

🔹 Equities turnover surged by 31.3% to USD 18.6 million, up from USD 14.2 million last week.
🔹 Foreign investors turned into net sellers, with an outflow of USD 1.0 million, reversing last week’s net buying of USD 0.7 million.
🔹 The YTD foreign net selling position now stands at USD 5.8 million.

Investment Takeaways

✔️ Rising market activity signals growing investor confidence.
✔️ Banking stocks remain strong, driving market gains.
✔️ Foreign investor sentiment shifting to selling—worth monitoring.

Stay informed with NuPath Advisory for weekly market updates and expert insights!