Articles
Kenya Equities Market Performance – 2025 Snapshot
In 2025, the Kenyan equities market delivered a strong and broad-based rally, supported by easing inflationary pressures, a relatively stable Kenya Shilling, improved corporate earnings resilience, and renewed investor confidence.
Key market indices closed the year firmly in positive territory:
- NSE 20 Share Index: +52.5%
- Nairobi All Share Index (NASI): +48.9%
- NSE 10 Share Index: +48.0%
- NSE 25 Share Index: +47.4%
Performance was largely driven by large-cap stocks, particularly within the banking, telecommunications, and consumer goods sectors, which benefited from balance sheet strength, pricing power, and improving operating conditions.
Top Large-Cap Gainers in 2025
| Rank | Company | Share Price Performance (2025) |
|---|---|---|
| 1 | Diamond Trust Bank Kenya (DTBK) | +71.5% |
| 2 | Safaricom (SCOM) | +64.8% |
| 3 | NCBA Group (NCBA) | +64.7% |
| 4 | KCB Group (KCB) | +55.1% |
| 5 | East African Breweries Limited (EABL) | +49.9% |
| 6 | Stanbic Holdings | +41.5% |
| 7 | Equity Group Holdings (EQTY) | +39.1% |
| 8 | Co-operative Bank of Kenya (COOP) | +37.2% |
| 9 | Absa Bank Kenya (ABSA) | +31.0% |
| 10 | British American Tobacco Kenya (BAT) | +22.0% |
Market Takeaway
The 2025 equity rally underscores the resilience of Kenya’s large-cap universe, particularly financial institutions that leveraged scale, diversified income streams, and improved asset quality. While gains were strong, dispersion in performance highlights the continued importance of stock selection, fundamentals, and earnings sustainability as we move into 2026.