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In Q1 2025, the equity market showed strong gains in January and February but dipped in March. Top performers included Trans-Century (+114%) and Home Afrika (+79%), while Kenya Orchards (-29%) and Kenya Airways (-27%) led declines. Investment and insurance sectors excelled.
The trends in the equity securities market during the first quarter of 2025, which ran from January 16 to March 28, will be displayed in this report.
a) Top 5 Performing Stocks
Based on cumulative change, the top 5 performing stocks are:
Company | Cumulative Change (%) |
Trans-Century Plc (Investment) | +114.02 |
Home Afrika Ltd (Investment) | +79.10 |
E.A. Cables Ltd (Construction) | +76.72 |
Uchumi Supermarket Plc (Commercial) | +72.37 |
Sanlam Kenya Plc (Insurance) | +55.73 |
b) Bottom 5 Performing Stocks
The bottom 5 performing stocks are:
Company | Cumulative Change (%) |
Kenya Orchards Ltd (Manufacturing & Allied) | -29.27 |
Kenya Airways Ltd (Commercial) | -27.27 |
Car & General (K) Ltd (Auto-Mobiles) | -12.91 |
I&M Group Plc (Banking) | -5.63 |
TPS Eastern Africa Ltd (Commercial) | -5.55 |
Month-Wise Analysis
The average changes by month are as follows:
– January: +6.96
– February: +6.12
– March: -0.44
Analysis:
Sector-Wise Summary:
1) Investment Services: This sector shows the highest cumulative growth, primarily driven by the Nairobi Securities Exchange. This indicates strong performance in the broader financial market.
2) Insurance: This sector also shows positive growth, with Sanlam Kenya being a major contributor. This suggests a healthy insurance sector.
3) Construction: East African Portland Cement's strong performance indicates potential growth in the construction sector.
4) Banking: While some banks show positive growth, others show negative growth, indicating a mixed performance in this sector.
5) Agricultural: This sector generally shows negative performance, with tea companies struggling.
Period-Wise (Monthly) Summary:
+ January: The month shows a mix of positive and negative changes across sectors. Notably, Sanlam Kenya had a significant increase in January.
+ February: This month generally shows more positive changes compared to January, with several stocks showing substantial gains.
+ March: The performance is mixed, with some stocks showing positive growth and others showing negative growth.
Cumulative: The cumulative change highlights the overall trend over the three months. Investment Services and Insurance sectors show the highest positive growth, while the Agricultural sector shows the most significant negative growth.
Summary:
– Top Performers: Investment and manufacturing sectors contributed significantly to the top-performing stocks (e.g., Trans-Century Plc and E.A. Cables Ltd).
– Bottom Performers: Transportation-related companies like Kenya Airways Ltd and Kenya Orchards Ltd were among the worst performers.
– Monthly Trends: Positive growth was observed in January and February, but March showed a downturn, which could indicate broader market challenges during that period.
Market Statistics - Data Services. (2022d, January 15). Data Services. https://www.nse.co.ke/dataservices/market-statistics/
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