KCB, Equity Drives Monday Heavy Trading, Foreigners Still Net Buyers

NSE Market Update – Monday, Dec 15, 2025 (2:00pm EAT)

Trading opened the new week with limited direction across most counters, although turnover remained elevated as foreign activity picked up in large-cap stocks.

• •Uchumi extended its pullback for a third straight session after last week’s sharp reversal.
• •Uchumi's share fell to KSh 1.44 (–9.43%), trimming its year-to-date gain to 747%, down from above 1000% less than a week ago.
• •The decline reflects sustained profit-taking after one of the strongest speculative runs on the exchange this year.

The benchmark index started the week on a positive note despite continued weakness in Uchumi following its record rally. The NASI rose 0.78%, supported by gains in energy, banking, and select mid-cap stocks, which offset pressure from Uchumi and other laggards.

Market turnover stood at KSh 1.34Bn on 30.61M shares, with activity heavily concentrated in banking and telecoms. KCB Group led trading with KSh 779M, followed by Equity Group Holdings (KSh 258M) and Safaricom (KSh 201M). Co-operative Bank traded KSh 28M, while Kenya Power posted KSh 14M.

• •Foreign investors were net buyers during the session.
  Foreign buys reached KSh 436M, driven by Equity Group (KSh 236M) and Safaricom (KSh 197M), with small inflows into KCB (KSh 0.46M).
• •Foreign sells stood at KSh 321M, led by Equity Group (KSh 210M), Safaricom (KSh 92M), KCB (KSh 11M) and Stanbic (KSh 7.8M).

Kenya Power led the gainers, rising 9.13% to KSh 12.55, supported by renewed interest in the energy sector. BK Group gained 5.93%, Absa NewGold ETF added 3.89%, while KCB and Home Afrika both rose 3.77%. Eveready advanced 3.45%.

On the downside, Uchumi topped the losers at –9.43%. OCH fell 7.41%, Standard Group dropped 7.38%, Longhorn Publishers declined 6.57%, while HF Group and Nation Media eased 4.21% and 3.85%, respectively.

Corporate Actions

Today:

• •Safaricom completed the CDSC account upload for its Green Notes Tranche 1.
• •I&M Group closed books for its interim dividend of KSh 1.50 per share, payable on or about Jan 14, 2026.
• •Centum Investment proceeded with payment of its FY2025 final dividend, subject to AGM approval.
• •FXD1/2018/025 and IFB1/2023/007 also made interest payments today at 13.4000% and 15.8370%, respectively.

Upcoming Corporate Actions