Telecommunications giant Safaricom, Kenya Reinsurance Corporation and KCB Group emerged as the most actively traded companies on the Nairobi Securities Exchange (NSE) in 2025, with investors trading more than 6.34 billion shares during the year, according to the Capital Markets Authority (CMA).
The CMA Annual Supervision Report 2025 shows that trading activity remained concentrated in a handful of blue-chip companies listed on the NSE, particularly in the telecommunications, banking, insurance and energy sectors.
Safaricom retained its position as the most traded company after investors exchanged 1.91 billion shares, representing 30 per cent of all shares traded on the exchange during the review period.
CMA Lists Safaricom, KCB Among Kenya’s Top 10 Most Traded NSE Stocks in 2025
Kenya Reinsurance Corporation ranked second with 801.9 million shares, accounting for 13 per cent of the total trading volume, while KCB Group Plc came third after recording 530.5 million shares, equivalent to 8 per cent of all shares traded.
State-owned electricity producer KenGen Plc ranked fourth with 485.5 million shares, also accounting for 8 per cent of the market’s trading volume, while Equity Group Holdings Plc completed the top five after investors traded 371.9 million shares, representing 6 per cent of the total volume.
The remaining companies in the top 10 were Co-operative Bank of Kenya Plc, East African Breweries Plc (EABL), Diamond Trust Bank Kenya Plc, NCBA Group Plc and Absa Bank Kenya Plc.
The report shows that banking stocks continued to dominate trading activity, with KCB Group, Equity Group, Co-operative Bank, NCBA Group and Absa Bank all featuring among the 10 most traded companies.
Top 10 Most Traded NSE-Listed Companies
| Rank | Company | Shares Traded | Share of Total Volume |
|---|---|---|---|
| 1 | Safaricom Plc | 1.91 billion | 30% |
| 2 | Kenya Reinsurance Corporation | 801.9 million | 13% |
| 3 | KCB Group Plc | 530.5 million | 8% |
| 4 | KenGen Plc | 485.5 million | 8% |
| 5 | Equity Group Holdings Plc | 371.9 million | 6% |
| 6 | Co-operative Bank of Kenya Plc | 321.2 million | 5% |
| 7 | East African Breweries Plc | 268.7 million | 4% |
| 8 | Diamond Trust Bank Kenya Plc | 233.3 million | 4% |
| 9 | NCBA Group Plc | 219.7 million | 3% |
| 10 | Absa Bank Kenya Plc | 180.9 million | 3% |
Overall, investors traded 6.34 billion shares on the Nairobi Securities Exchange during the review period.
The report also tracked monthly trading activity, with September emerging as the busiest month after 847.6 million shares changed hands.
Trading volumes declined in the following months, reaching their lowest level in April, when 361.6 million shares were traded, before recovering in May and June.
Also Read: Kenyan Investors Get More Options as CMA Approves New Unit Trust Funds
Least Traded NSE-Listed Companies in 2025
While trading remained concentrated in blue-chip counters, several listed companies recorded minimal investor activity during the review period.
According to the Capital Markets Authority Annual Supervision Report 2025, Africa Mega Agricorp (AMAC) was the least traded stock on the Nairobi Securities Exchange, with only 7,768 shares changing hands during the year.
It was followed by Limuru Tea Plc, which recorded 18,055 shares; Sameer Africa Plc with 51,636 shares; Williamson Tea Kenya Plc with 55,928 shares; and Home Afrika Ltd, which posted 61,553 shares traded.
Other listed companies that also recorded relatively low trading volumes included Unga Group Plc, Standard Group Plc, Car & General (Kenya) Plc, TPS Eastern Africa (Serena Hotels) and Kenya Orchards Ltd, reflecting subdued investor activity in those counters.
| Rank | Company | Shares Traded |
|---|---|---|
| 1 | Africa Mega Agricorp (AMAC) Plc | 7,768 |
| 2 | Limuru Tea Plc | 18,055 |
| 3 | Sameer Africa Plc | 51,636 |
| 4 | Williamson Tea Kenya Plc | 55,928 |
| 5 | Home Afrika Ltd | 61,553 |
| 6 | Unga Group Plc | 64,324 |
| 7 | Standard Group Plc | 70,523 |
| 8 | Car & General (Kenya) Plc | 74,871 |
| 9 | TPS Eastern Africa (Serena Hotels) Plc | 82,419 |
| 10 | Kenya Orchards Ltd | 89,105 |
Also Read: Kenya Beats US, UK and China in Global Stock Market Rankings
Companies with high trading volumes generally enjoy stronger liquidity, making it easier for investors to buy and sell shares without causing significant price movements.
Such counters also tend to attract institutional investors, fund managers and foreign investors due to the ease of trading.
NSE Extends Rally
The report comes as the Nairobi Securities Exchange continues to post strong market performance, with investor wealth rising in recent weeks.
The NSE recently extended its record-breaking run for a fourth consecutive week, adding KSh42.3 billion in investor wealth as market capitalization climbed to a new all-time high of KSh3.886 trillion.
All five major equity indices advanced during the week despite a return to net foreign selling.
The NSE 20 Share Index posted the biggest gain, rising 2.98 per cent to 3,957.44, leaving it within 43 points of reclaiming the 4,000-point mark for the first time since 2018.
The NSE All Share Index (NASI) rose 1.10 per cent to a record 231.57, while the NSE 25 Share Index gained 0.92 per cent to another all-time high of 6,419.43.
The Banking Sector Index advanced 1.04 per cent to 264.19, maintaining its position as the best-performing benchmark this year, while the NSE 10 Share Index edged up 0.45 per cent to 2,478.64.
Despite the gains, foreign investors returned to net selling, recording KSh300.7 million in net outflows after briefly returning as net buyers the previous week.
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