The Kenyan capital markets posted a mixed performance on December 10, 2025, with equities trading lower overall despite selective strength across major indices. The Nairobi All-Share Index (NASI) closed slightly lower at 176.77, while the NSE-10, NSE-20, and NSE-25 indices registered marginal gains, reflecting cautious but targeted investor activity.
Market turnover fell sharply by 23.6% to KES 1.22 billion, even as foreign investor participation strengthened net inflows surged to KES 254.56 million, signaling renewed offshore interest in local equities. Equity Group dominated market activity, accounting for 49.3% of total turnover.
Top Movers
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Top Gainers: Crown Paints (+6.6%), Kakuzi (+5.1%), Standard Group (+4.2%), BOC Kenya (+3.6%), and Home Afrika (+2.8%).
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Top Losers: Longhorn Publishers (-7.3%), Uchumi (-4.9%), Eaagads (-4.4%), ABSA New Gold ETF (-4.1%), and Sameer Africa (-3.0%).
Global & Macro Highlights
Global markets were mixed as U.S. investors awaited the Federal Reserve’s next rate decision, with markets pricing in an anticipated rate cut. Oil prices remained under pressure following reports of Ukraine presenting a revised peace proposal to the U.S.—a development that could ease geopolitical tensions and increase supply expectations.
Fixed Income Market
Bond turnover dipped by 3.0% to KES 14.89 billion, with IFB1/2022/18Yr and IFB1/2022/19Yr emerging as the most traded instruments. The 91-day and 182-day T-bill rates saw slight upward adjustments, while the 364-day rate eased marginally.
Derivatives Market
The derivatives segment recorded a notable rebound, with the total value of contracts rising to KES 2.85 million and total volumes increasing from 200 to 490 contracts, signaling growing investor engagement.
Currency Market
The Kenyan Shilling showed mixed movements across major global currencies, with slight appreciation against the USD, EUR, and GBP, and a mild decline against the Chinese Yuan and Indian Rupee.
Read more10th December 2025- Market Rockers Report
