Tuesday Midday Market Update (12:30 EAT)
Trading opened firmly on Tuesday with heavy flows concentrated in large-cap consumer counters. Liquidity was active early, and foreign participation remained elevated on both sides of the market, pushing turnover above the billion-shilling mark within the first three hours of trade.
- •British American Tobacco Kenya ($BAT) traded at KSh 452.00, the highest level in two years, last seen on 18 July 2023, up from KSh 376 at the close of 2024.
- •East African Breweries ($EABL) traded at KSh 250.00, reaching a new 52-week high and its strongest level since April 2018. The counter is up about 40% year-to-date.
- •Market turnover crossed KSh 1.0 billion by midday, with foreign buys at KSh 552 million against KSh 793 million in sells.
Safaricom ($SCOM) led activity with KSh 760 million in turnover, where foreigners bought KSh 420 million and sold KSh 665 million. The largest trade print involved 999,816 shares at KSh 29.00.
Among notable movers, Uchumi Supermarkets ($UCHM) gained 5.56%, Car & General (CGEN) rose 3.90%, and Eaagads ($EGAD) added 3.82%.
On the laggards list, Sameer Africa (SMER) fell 4.59%, TotalEnergies ($TOTL) eased 4.55%, and Express Kenya(XPRS) declined 3.58%.
The benchmark NASI was down 0.44% at midday.
