Daily Market Brief
NSE stocks priced reversed down 0.5% on Thursday, 24th July 2025, as measured by the Nairobi All share index (NASI). NSE 10 lost 0.4% followed by NSE 25 with a 0.3% loss while NSE 20 gained 0.4%. Shares traded also edged down 77.2% from 33.36Mn to 7.59Mn shares to pull down the market turnover 85.6% down to KES 161.01Mn. EABL emerged as the day’s top mover with only KES 32.29Mn.
British American Tobacco (BAT) announced a KES 10.00 per shares interim dividend whose book closure and payments dates are 29th August and 26th September 2025 respectively. This is after reporting a KES 2.98Bn profits before tax (PBT) for the half year ending June 2025, representing a 39.3% year on year rise from that of KES 2.14Bn reported in HY-2024. We retain a BUY recommendation on the counter with a price target of KES 420.00 per share from the current price of KES 379.25 per share.
The day saw a new listing of Shri Krishana Overseas, a packaging company, being listed with 50.50Mn shares being floated at KES 5.90 per share.
Secondary bonds value traded dropped further 24.7% from KES 7.80Bn to KES 5.87Bn on what remains to be an impact from the ongoing primary sale two infrastructure bonds.
The Central Bank re-opened two infrastructure papers, IFB1/2018/015 (7.5-yrs) and IFB1/2022/019 (15.6- yrs) seeking KES 90 billion from the public.
