Kenya Equities Market Update – 21st September 2025

Market Performance

The equities market recorded a downturn during the week, with all major indices closing lower. The NSE 20 Index posted the sharpest decline of 3.8%, while the NSE 10, NASI, and NSE 25 shed 2.9%, 2.9%, and 2.7% respectively. Despite the weekly correction, year-to-date (YTD) performance remained positive, with gains of 41.0% (NSE 20), 38.4% (NASI), 30.1% (NSE 25), and 30.0% (NSE 10).

The weekly performance was weighed down by significant sell-offs in select large-cap counters. ABSA (-7.8%), Standard Chartered Bank Kenya (SCBK, -6.7%), and BAT Kenya (-6.1%) were among the biggest decliners. On the upside, buying interest in KCB (+1.4%) and Stanbic Holdings (+0.6%) helped provide marginal support to the overall market.

Market Activity

Equities turnover rose by 17.4%, closing the week at USD 41.3 million, up from USD 35.2 million the previous week. This lifted the cumulative YTD turnover to USD 735.9 million, reflecting sustained investor participation despite market volatility.

Foreign investors remained net sellers for the third consecutive week, posting a net outflow of USD 22.9 million. This marked a significant increase compared to the USD 4.1 million net selling position recorded in the prior week. As a result, the YTD foreign investor net selling position widened to USD 54.9 million, a notable contrast to the USD 16.9 million net selling position registered in 2024.