The Nairobi Securities Exchange (NSE) opened week 3 of 52 in 2025 on a downward trajectory evidenced with declines across all indices despite increased activity.
The total volume of shares traded on 19th January 2026 rose by 29.98% to 14.62 million shares from 11.24 million shares in the previous session. Market capitalization tricked down by 0.14% to KES 3.055 trillion, reflecting reduced investor confidence.
Absa New Gold ETF led the gainers, up 69% to 5,510, followed by national carrier Kenya Airways which rose by 8.6% to KES 3.54. Other notable gainers included Uchumi Supermarkets (5.8%), Sanlam (5.3%), Unga Group (4.0%), and Home Afrika (4.0%).
Standard Group led the losers, declining by 7.8% to KES 5.68. Olympia capital holdings ranked the second loser, dropping by 7.4%, Liberty Kenya (3.4%), Sameer (3.0%), and Nation Media Group (2.3%).
The decline in Liberty Kenya is attributed to the firm’s profit warning earlier released, expecting net earnings for the year ended December 31, 2025, to fall by at least 25% compared to the previous year, citing a reduction in overall investment yields, adverse claims experience during the period and an accounting loss rising from the disposal of the Group’s interest in Heritage Insurance Company Tanzania Limited.
NSE Indices
The Nairobi All Share Index (NASI) declined by 0.14% to 193.60 points from 193.87 points in the previous session. Losses in KenGen Plc, EABL, BAT Kenya, and Co-operative Bank weighed the market down. The counters lost 0.8%, 0.7%, 0.4%, and 0.2% respectively.
However, gains in stocks including Britam Holdings (3.9%), Equity Group (0.7%), HF Group (0.7%), and NCBA Bank (0.3%) supported the market.
The NSE-10 and NSE-25 indices dropped by 0.3% and 0.2% to close at 2,029.24 points and 5,267.78 points, respectively. The NSE-20 index closed the day’s session at 3,256.69 points while the Banking Sector Index settled at 213.29 points respectively.
Derivatives
The volume of contracts traded decreased to 0 from 1,386 recorded in the previous session. Similarly, the value of traded contracts decreased to 0 from 2.38 million, while the number of open interest contracts remained unchanged at 6,940.
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