Wednesday Market Update (1:00 PM EAT)
Mid-week trading stayed active as large-cap counters extended their rallies.
- •ABSA hit a new all-time high of KSh 26.25.
- •BAT held firm at KSh 452.00, marking a fresh two-year peak, also logging second best 2025 trading volume at over 483K
- •Car & General rose to KSh 63.00, its highest level since April 2022.
- •I&M Holdings also set a new all-time high at KSh 46.00, giving it a market value of roughly KSh 80 billion with 1.74 billion shares outstanding.
KCB Group leads both in volume and turnover, trading 1.8 million shares worth KSh 122 million. The counter topped foreign activity with KSh 52.7 million in buys against KSh 47 million in sells.
Total market turnover reached KSh 318 million by early afternoon.
Top gainers were Williamson Tea Kenya (+8.40 %), Uchumi Supermarkets (+7.89 %), and Nation Media Group (+5.41 %).
The main losers were Standard Group (-8.10 %), Flame Tree Group (-6.08 %), and Umeme Ltd (-5.66 %).
Separately, the Capital Markets Authority approved Kalahari Cement’s request to acquire 26.3 million East African Portland Cement (EAPCC) shares from Associated International Cement and Cementia Holding without triggering a mandatory takeover offer.
