After an impressive performance at the Nairobi Securities Exchange (NSE) for the past two weeks, fuelled by impressive half-year earnings by large banks and big cap companies, investors can this week look forward to the six-months financial figures of other listed banks, manufacturers, NSE and one big underwriter.
These include Kenya Airways (KQ), whose half-year earnings due on Tuesday 26th August 2025, could show whether the airline’s turnaround is on a steady path, with analysts anticipating another good performance despite some headwinds from its bulging debt sitting on the balance sheet.
Also commanding the spotlight this week are announcements of half-year financial results by Jubilee Holdings, Flame Tree Group, BK Group Plc, Britam Holdings Plc, Nairobi Securities Exchange (NSE), CIC Group, Car& General, Crown Paints and NCBA Group.
Foreign investors will also be watching the latest release of the US Federal Reserve’s favoured measure of inflation, which could influence whether the central bank makes its first interest rate cut of the year in September.
At the end of trading last week, the NSE maintained its upward trajectory, with NSE 20 gaining the most by 3.3%, while NASI, NSE 10 and NSE 25 gained by 2.6%, 2.5% and 1.9% respectively. The NSE performance was boosted by huge gains recorded by large-cap stocks such as DTB, EABL and Safaricom.
This performance was, however, weighed down by losses recorded by large cap stocks such as Standard Chartered, NCBA and BAT.
According to a weekly bulletin from Central Bank of Kenya(CBK), covering the trading period between August 15th to 21st the NSE recorded 17,860 equity deals, transacted a volume of 122.65million shares with a turnover of 3,022.92 million. Market capitalization was up 2.73% at the end of the week to close at KSh 2,600.53 billion
Regionally, the East African Exchanges 20 (EAE 20) share index gained by 4.0 bps, attributable to gains recorded by large cap stocks such as NMB Bank, Tanzania Breweries Limited and Tanga Cement Limited of 5.9%, 3.8% and 3.6% respectively.
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