NSE Weekly Market Summary – Week 50 Ended Thursday, Dec 11, 2025
The Nairobi Securities Exchange extended its pullback for a third consecutive week, marking the first three-week losing streak since November 2024.
- •The All Share Index (NASI) fell 1.07% to 177.66, extending the cooling that followed November’s sharp rally. Performance across headline indices was mixed.
- •The NSE 20 rose 2.18% to 2,954.14, supported by gains in select blue chips, while the NSE 25 edged up 0.08% to 4,776.77.
- •The NSE 10 slipped 0.46% to 1,826.94, while market capitalization declined 1.07% to KSh 2.804 trillion, weighed down by utilities and select industrial stocks.
The last comparable stretch occurred across the whole of November 2024, when the market recorded four straight weekly declines, highlighting how rare sustained weekly losses have been over the past year.
Trading activity strengthened despite softer index performance. Weekly volumes rose 17.61% to 126.45 million shares, while equity turnover jumped 29.29% to KSh 4.16 billion, up from KSh 3.22 billion the prior week. Activity remained concentrated, with Safaricom, Equity Group, KCB, Kenya Power, and Laptrust Imara I-REIT accounting for more than 73% of total traded value. Safaricom alone contributed over KSh 1.16 billion.
The banking sector dominated trading, generating KSh 2.6 billion, or 63% of weekly equity value. Equity Group closed at KSh 60.50, down 0.82%, after trading shares worth KSh 1.41 billion. KCB Group gained 6.22% to KSh 59.75, supported by KSh 929.6 million in turnover. Standard Chartered ended the week at KSh 287.00, with KSh 59 million traded.
Performance outside banks was uneven. Safaricom closed 3.29% lower at KSh 27.95, though the telecommunication sector still accounted for 28% of weekly turnover. In energy, KenGen fell 8.03% and Kenya Power dropped 4.17%, dragging on the NASI. Manufacturing showed pockets of resilience, with EABL rising 3.44% and Carbacid gaining 1.12%.
Among individual stocks, Jubilee Holdings led weekly gainers, rising 7.04%. Unga Group, KCB, Shri Krishana, and DTB also posted solid advances. Losses were concentrated in utilities and smaller caps. EAAGADS fell 11.22%, East African Portland Cement dropped 9.31%, KenGen declined 8.03%, while BK Group and Olympia Capital shed more than 6% each.
Foreign investor activity turned positive after eight weeks of net outflows. Total foreign buys reached KSh 1.53 billion, while sells stood at KSh 1.18 billion, resulting in a net inflow of KSh 346.6 million. This reversed last week’s KSh 408.8 million net outflow, with offshore participation rising to 32.5% of total market turnover.
Bond market activity eased but remained elevated. Weekly turnover declined 9.40% to KSh 54.84 billion, from KSh 60.53 billion the prior week, while the Bond Index rose 0.49%, signalling stable pricing. The derivatives market stayed active, with 2,640 contracts traded, up 92% week on week, reflecting increased short-term positioning.
Corporate developments remained in focus. Safaricom’s Green Notes Tranche 1 attracted KSh 41.4 billion in bids against a KSh 15 billion offer, prompting the full KSh 5 billion greenshoe and lifting total allocation to KSh 20 billion. NSE Plc also announced changes within its internal audit function, effective later this month.
