Market at a Glance
Kenyan equities extended their bullish momentum as broad market indices closed higher, supported by strong turnover and selective buying in large-cap counters. Despite the positive price action, foreign investors remained net sellers, signalling cautious offshore sentiment.
Key Market Highlights
- Nairobi All Share Index (NASI): ▲ 0.8% to close at 188.87
- Market Capitalisation: ▲ 0.8% to KES 2.98 Trillion
- Equity Turnover: ▲ 102.3% to KES 220.48 Mn
- Foreign Investor Activity: Net outflows of KES 26.42 Mn
- Participation Mix: Local investors accounted for 52.9% of activity, foreign investors 47.1%
Top Equity Movers
Top Gainers
- Uchumi Supermarkets ▲ 9.7%
- Car & General ▲ 5.9%
- BK Group ▲ 5.5%
- TotalEnergies Kenya ▲ 3.6%
- Jubilee Holdings ▲ 3.3%
Top Losers
- Africa Mega Agricorp ▼ 9.9%
- Centum Investment ▼ 6.4%
- Sanlam Kenya ▼ 6.2%
- Longhorn Publishers ▼ 4.1%
- Express Kenya ▼ 3.5%
Most Traded Stocks
- Safaricom Plc – 22.1% of total market turnover
- KCB Group Plc – 20.1%
- Equity Group Holdings Plc – 19.3%
Safaricom led trading activity with a turnover of KES 48.64 Mn, closing 1.8% higher at KES 29.00.
Fixed Income & Bonds
- Bond Turnover: ▲ 39.6% to KES 6.18 Bn
- FXD securities dominated trading, accounting for over 95% of large-value trades
- Treasury bill rates remained largely stable across tenors
Currency & Global Markets Snapshot
- KES/USD: Stable at 129.00
- Global equities were mixed, with the S&P 500 and Dow Jones closing higher on easing rate-cut expectations
- WTI Crude: ▲ 1.5%, driven by renewed supply risk concerns
Market Outlook
The market continues to show resilience, underpinned by strong local participation and selective institutional demand. However, sustained foreign outflows and global macro uncertainties remain key risks to watch in the near term.
About Market Rockers
Market Rockers is Rock Advisors’ daily capital markets report, delivering concise, data-driven insights on equities, fixed income, currencies, and global markets — empowering investors with timely intelligence to navigate African markets confidently.
5th January 2026- Market Rockers Report
