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    1.0.32

    In the Markets this Week: ABSA, BAT, EABL and I&M Hit New Highs as Foreign Outflows Continue

    Harry
    By Harry Njuguna
    - November 16, 2025
    - November 16, 2025
    MarketsInvestment
    In the Markets this Week: ABSA, BAT, EABL and I&M Hit New Highs as Foreign Outflows Continue

    The market closed Week 46 of 2025 lower across all major indices, but several large counters posted strong gains.

    • •Trading opened the week with heavy flows into consumer names such as BAT which moved to KSh 452.00, its highest level in two years.
    • •EABL reached KSh 250.00, a new 52-week high and the strongest level since April 2018, as mid-week activity lifted more blue-chips to new highs: ABSA touched KSh 26.25, setting a fresh all-time record; Car & General rose to KSh 63.00, its highest level since April 2022.
    • •I&M Holdings moved up to KSh 46.00, a new all-time high that pushed its valuation to roughly KSh 80B on 1.74B shares outstanding.

    Late in the week, Co-operative Bank extended its rally to new all-time highs after reporting a 12% rise in Q3 profit to KSh 21.56B and declaring its first interim dividend. Uchumi continued its sharp move, rising to levels last seen in 2019 as speculative activity stayed high.

    • •Foreign investors recorded a net outflow of KSh 387.83M, lower than last week’s KSh 1.06B.
    • •Safaricom, KCB, BAT, EABL and Co-operative Bank dominated turnover and made up most of the liquidity for the week.
    • •Bond market activity improved. Bond turnover rose 36.46% to KSh 55.88B, while the bond index gained 1.33% to close at 1182.54.
    • •Equity turnover eased to KSh 3.61B. Weekly volume was 132.07M shares.
    • •Market capitalization dropped 2.41% to KSh 2.96T as all indices ended lower.

    NSE Equity Indices performance this week

    • •The NSE 20 fell 2.30% to 3,178.96.
    • •The NASI dropped 2.41% to 187.43.
    • •The NSE 25 closed 2.94% lower at 5,053.04.
    • •The NSE 10 fell 3.20% to 1,947.68.
    • •The Banking Index closed 3.20% lower at 203.61.

    WEEK 46 of 2025: Gainers and Losers

    Gainer (Close / % Change)Loser (Close / % Change)
    Uchumi 0.48 (+23.08%)Flame Tree 1.55 (–14.36%)
    Shri Krishana 8.20 (+9.63%)TotalEnergies 39.40 (–12.15%)
    Co-op Bank 24.80 (+8.30%)Centum 15.00 (–8.54%)
    Africa Mega 69.25 (+6.13%)Equity Group 64.00 (–8.24%)
    Standard Group 6.34 (+5.32%)Umeme 6.98 (–7.67%)

    Safaricom led liquidity with KSh 1.29B in turnover. KCB followed with KSh 547.07M. BAT recorded KSh 320.88M. EABL posted KSh 270.09M. Co-operative Bank registered KSh 248.30M.

    These five counters accounted for over 74% of the week’s equity turnover.

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