Kenya Equities Market Weekly Update – 13th June 2025

Market Performance Overview

Kenya’s equities market recorded strong gains across all indices, reflecting renewed investor confidence and bullish sentiment.

• NASI led the rally with a 9.0% weekly gain — its strongest in months — driven largely by a surge in Safaricom’s share price.
• NSE 10, NSE 25, and NSE 20 followed with gains of 6.0%, 5.2%, and 3.1%, respectively.

As a result, YTD gains stood at:

• NASI: +17.8%
• NSE 20: +10.8%
• NSE 10: +9.5%
• NSE 25: +9.1%

These gains were primarily driven by large-cap counters including:

• Safaricom (+17.1%) – continuing its recovery on investor accumulation and earnings optimism
• Co-operative Bank (+7.7%) – supported by strong fundamentals
• Stanbic Bank (+5.7%) – reflecting banking sector resilience

Equities Turnover & Foreign Investor Activity

Turnover:
Trading activity surged with a 350.7% increase in equities turnover to USD 46.1 million, up from USD 10.2 million the previous week. This sharp rise signals renewed institutional and foreign investor interest.

Foreign Investor Flow:
Foreign investors turned net buyers for the first time in two weeks, posting a net inflow of USD 2.3 million, reversing a net outflow of USD 0.5 million the previous week.

🔄 YTD foreign net position now stands at a net sell of USD 31.1 million, compared to USD 16.9 million at a similar point in 2024.

Key Takeaways

• The sharp equity gains were driven by large-cap momentum, especially Safaricom, which alone added considerable weight to the NASI performance.
• The strong pickup in market turnover and foreign interest is a welcome signal of deepening confidence in Kenya’s capital markets.
• Continued market strength will depend on earnings guidance, macroeconomic policy direction (including the CBR cut), and geopolitical stability.

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