Markets Close On A Bullish Note For The 17Th Time

The market closed the session on a bullish note for the seventh consecutive session with the NASI, N10, NSE 20, and NSE 25 gaining 0.9%, 1.1%, 1.3%, and 1.0%, respectively.

Equity turnover rose to USD 5.8m (+66.4%). Local investors dominated market activity, accounting for 68.2% of the turnover levels, up from 63.2% yesterday.

Equity Group dominated trading activity, accounting for 39.4% of the day’s turnover. The counter’s price function increased by 1.4% to KES 54.75.

Likewise, KCB Group and ABSA gained 6.9% and 1.0% to KES 52.75 and KES 20.00, respectively, on the back of their 1H25 earnings release. The former was the best-performing top mover. BK Group, on the other hand, gravitated to a position of relative stability, remaining unchanged at KES 36.00.

Safaricom and Kenya Power inched upwards by 0.6% and 0.5% to KES 26.50 and KES 11.10, respectively.

Car & General was the day’s top gainer, rallying by 9.8% to KES 29.00. NMG shed 7.3% to KES 12.70, closing as the leading laggard.

Foreign investors were bullish, with net inflows of USD 2.4m. Equity Group led the buying charge while Umeme led the selling charge.

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