Companies with Declining Stock Performance in Kenya, 2025
The Kenyan stock market has demonstrated remarkable growth in 2025, continuing the bullish trend that began in the last quarter of 2024. By January 2025, total investor wealth at the Nairobi Securities Exchange (NSE) had surpassed KSh 2 trillion, reflecting robust market confidence. At the close of trading on January 7, the total market capitalization reached KSh 2.035 trillion.
Despite the overall positive momentum, some companies have faced notable declines in their stock value over the past year.
Top Gaining Companies on the NSE
Over the last twelve months, several companies have shown significant gains. Leading the market surge, Kenya Power and Lighting Company (KPLC) recorded an outstanding growth of +360.00%. Following closely, E.A. Portland Cement Ltd (PORT) saw a rise of +282.50%, while Home Afrika Ltd (HAFR) experienced an increase of +225.00%.
Other key gainers included E.A. Cables Ltd (CABL) at +175.00%, TransCentury Ltd (TCL) at +170.00%, and Kengen Ltd (KEGN) at +128.64%. These performances indicate strong investor confidence across various industries, including energy, real estate, and infrastructure. The financial sector also witnessed positive movement, with KCB Group Ltd (KCB) and HF Group Ltd (HFCK) posting gains of over +120%.
Companies with Negative Stock Performance
Despite the NSE’s overall upward trajectory, some stocks have suffered substantial declines over the past year. Nation Media Group (NMG) recorded the sharpest drop at -32.50%, making it the worst-performing stock. Sasini Ltd (SASN) followed closely with a decline of -30.45%.
Below is a summary of companies that experienced negative stock performance as of January 10, along with their current trading prices:
- Nation Media Group (NMG): -32.50%, trading at KSh 13.50
- Sasini Ltd (SASN): -30.45%, trading at KSh 15.30
- Limuru Tea Ltd (LIMT): -20.79%, trading at KSh 301.00
- Standard Group Ltd (SGL): -17.95%, trading at KSh 6.40
- Crown Paints Kenya PLC (CRWN): -15.16%, trading at KSh 31.05
- British American Tobacco Ltd (BAT): -14.47%, trading at KSh 362.00
- Nairobi Business Ventures Ltd (NBV): -12.50%, trading at KSh 2.10
- Kenya Reinsurance Corp Ltd (KNRE): -9.57%, trading at KSh 1.70
- Williamson Tea Ltd – Kenya (WTK): -9.44%, trading at KSh 211.00
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Potential New Listing on the NSE
Meanwhile, Treasury Cabinet Secretary (CS) John Mbadi disclosed that the government is considering the listing of Kenya Pipeline Company (KPC) at the NSE through an Initial Public Offering (IPO). This announcement follows the government’s broader plan to list 10 public entities, including the Kenya Ports Authority, on the NSE.
Market analysts believe that the listing of KPC will unlock additional investment opportunities and enhance Kenya’s status as a leading financial hub in the region. The NSE also expressed optimism that such initiatives will increase market liquidity and attract more investors.
Companies with Declining Stock Performance in Kenya, 2025
