Kenyan stock market maintains rally on first trading day of 2025

The green arrow is going up the Stacks of coins arranged in a bar graph, Finance and business concept. 3D illustration

The Nairobi Securities Exchange (NSE) maintained its rally on the first trading day of 2025 on Thursday, with all key indices recording gains.

Market data from the NSE showed that the benchmark NSE 20 Share Index, which ended 2024 at 2,010.65, rose by 48.02 points to close at 2,058.67. The Nairobi All Share Index also increased by 1.86 points, finishing the day at 125.34.

Market capitalization, a key indicator of investor wealth, rose to 1.968 trillion shillings (approximately 15.2 billion U.S. dollars), up from 14.98 billion dollars at the end of 2024, according to NSE data.

This positive momentum follows the addition of three new companies to the Morgan Stanley Capital International Frontier Markets Small Cap Index on Nov. 12, 2024. This inclusion is expected to attract more capital inflows into the market.

Frank Mwiti, CEO of the NSE, said that the addition offers the global investment community greater access to Kenyan-listed companies and would help drive significant capital inflows in the market.