Kenya | NSE

Equity Group Holdings demonstrated robust financial performance in the first half of 2024, with net earnings climbing 12.5% y/y to KES 29.62Bn.

EABL Group navigated varied macroeconomic headwinds to post a sharp 11.8% y/y decline in net earnings to KES 10.87Bn from KES 12.32Bn a year prior.

On a monthly perspective, the market indices recorded a downward trend with the Nairobi All Share Index declining by 3.1% m/m.

On a monthly perspective, the market indices recorded an upward trend led by Nairobi All Share Index rising by 6.0% m/m.

Safaricom Group posted a resilient 1.2% growth in FY’24 shareholder net earnings to KES 62.99Bn prompted by better-than-expected operational results in Kenya.

On a monthly perspective, the market indices recorded a downward trend with Nairobi All Share Index decreasing by 5.8% m/m.
Foreigners’ participation declined marginally to 53.0% of the total market activity.