Kenya Equities Market Weekly Update – Week Ending 21st March 2025

The equities market remained resilient this week, closing on an upward trajectory across all indices. Here’s what stood out:

📊 Index Performance

Takeaway: The market continues to recover steadily, with the NSE 20 Index outperforming others, reflecting gains among select key counters.

💹 Top Movers (Large Cap Stocks)

Gainers:

• 🏦 Standard Chartered Bank Kenya: +12.3%
• 🏦 Co-operative Bank: +6.0%
• 🏦 NCBA: +1.0%

Losers:

• 🏦 Equity Bank: -2.0%
• 🏦 Absa Bank: -1.3%
• 🏦 KCB Group: -0.4%

💰 Market Activity

• Turnover: USD 17.7 million (+14.0% from previous week)
• YTD Turnover: USD 192.4 million
• Foreign Activity: Continued net selling position for the fourth week
  • Net Outflow: USD 1.2 million
  • YTD Foreign Net Outflow: USD 24.5 million

🧾 Corporate Earnings Highlights (FY 2024)

✅ Standard Chartered Bank Kenya

• PAT: Kshs 20.1B (+45.0%)
• Operating Income: Kshs 50.7B (+21.4%)
• Operating Expenses: Kshs 22.5B (+1.9%)

✅ Co-operative Bank

• PAT: Kshs 25.5B (+9.8%)
• Operating Income: Kshs 80.6B (+12.5%)
• Operating Expenses: Kshs 46.7B (+17.7%)

✅ Absa Bank Kenya

• PAT: Kshs 20.9B (+27.5%)
• Operating Income: Kshs 62.3B (+14.2%)
• Operating Expenses: Kshs 32.6B (+5.5%)

📌 Key Insights

• Investor sentiment remains cautiously optimistic as blue-chip banks report robust earnings.
• Foreign investors continue their cautious stance with sustained net outflows.
• Market turnover increase shows renewed investor participation despite slight selling pressure.

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