Investments
December 17, 2025
The Nairobi Securities Exchange (NSE) extended its strong performance through 2025, delivering solid gains for investors who took calculated risks across different sectors of the market.
A combination of improved investor sentiment and renewed interest from both local and foreign investors helped lift share prices during the year. Several listed companies recorded impressive rallies, with several stocks posting triple-digit returns over the 12 months.
In this article, we analyse the performance of select listed stocks by comparing their share prices between December 2024 and December 2025. The review highlights the biggest gainers and identifies sectors that outperformed the broader market.
Also read: What to Look Out for When Buying Shares at The NSE 2025
Uchumi emerged as one of the biggest gainer of 2025, rising from Ksh0.20 at the start of the year to Ksh1.85 at its peak on December 9th. This represents a price gain of 825%.
The retailer recordeda Ksh8.8 million profit for the year ending June 2025 after making losses for 11 years. This was largely driven by rental income from tenants like China Square.
If you had invested Ksh100,000 in Uchumi at the start of 2025, your investment would now have been worth approximately Ksh925,000 by the first week of December. However, by the time of publishing this article on December 22nd, Uchumi had tumbled in a free fall from Ksh1.85 to 0.95 in just ten days.
Sameer Africa’s share price climbed from Ksh2.43 to Ksh12.75, posting a gain of 424.69%.
The rally was supported by optimism around asset restructuring and improved governance, attracting value investors looking for recovery opportunities.
If you had invested Ksh100,000 in Sameer Africa, your shares would now be worth about Ksh524,691 by December 2025.
Also read: The Most Profitable Stocks at the NSE: January 2024 to Date
Home Afrika rebounded strongly from Ksh0.37 to Ksh1.12, delivering a 202.7% gain.
The recovery reflected renewed investor confidence in the real estate sector. If you had invested Ksh100,000 in Home Afrika, your investment would now be worth roughly Ksh302,703.
NSE PLC rose from Ksh6.00 to Ksh16.25, representing a 170.8% increase.
Higher market activity and improved investor participation directly benefit the exchange, making it a proxy bet on broader market recovery.
If you had invested Ksh100,000 in NSE PLC, your investment would now be worth about Ksh270,833.
KPLC continued its recovery, rising from Ksh4.81 to Ksh12.30 — a 155.72% gain.
The rally was driven by tariff adjustments, debt restructuring, and improved cash flow expectations.
If you had invested Ksh100,000 in KPLC, your shares would now be worth approximately Ksh255,717.
Olympia Capital moved from Ksh2.80 to Ksh7.02, delivering a 150.71% gain.
The counter attracted speculative interest tied to its investment and real estate holdings, though liquidity remains thin.
If you had invested Ksh100,000 in Olympia Capital, your investment would now be worth around Ksh250,714.
Also Read: Can You Make Money Investing in The NSE?
The cement manufacturer rose from Ksh30.60 to Ksh75.50, gaining 146.71%.
Expectations around infrastructure spending and construction demand supported the rally, despite ongoing governance concerns and takeover by Tanzanian tycoon Ebrahim Munif's Kalahari.
If you had invested Ksh100,000 in East African Portland Cement, your shares would now be worth approximately Ksh246,732.
KenGen’s share price increased from Ksh3.64 to Ksh8.32, translating to a 128.57% gain.
As a utility stock with long-term earnings visibility, KenGen attracted investors seeking stability alongside growth.
If you had invested Ksh100,000 in KenGen, your investment would now be worth about Ksh228,571.
Car & General rose from Ksh22.75 to Ksh51.50, posting a 126.37% gain.
Improved margins and demand for power and equipment solutions supported the stock’s performance.
If you had invested Ksh100,000 in Car & General, your shares would now be worth roughly Ksh226,374.
Kenya Re advanced from Ksh1.28 to Ksh2.87, recording a 124.22% increase.
The reinsurer benefited from improved underwriting discipline and sector recovery.
If you had invested Ksh100,000 in Kenya Re, your investment would now be worth about Ksh224,219.
HF Group climbed from Ksh4.51 to Ksh9.50, delivering a 110.64% gain.
The rally reflected optimism around balance sheet clean-up and a gradual recovery in mortgage lending.
If you had invested Ksh100,000 in HF Group, your shares would now be worth approximately Ksh210,643.
Also Read: How to Start Investing in the Kenyan Stock Market: A Beginner's Guide
CIC’s share price rose from Ksh2.15 to Ksh4.48, gaining 108.37%.
Improved profitability and strong cooperative backing supported the stock.
If you had invested Ksh100,000 in CIC Insurance, your investment would now be worth about Ksh208,372.
Express Kenya increased from Ksh3.60 to Ksh7.04, representing a 95.83% gain.
The logistics firm benefited from operational improvements and recovering trade volumes.
If you had invested Ksh100,000 in Express Kenya, your shares would now be worth roughly Ksh195,556.
Jubilee rose from Ksh173.50 to Ksh328.75, delivering an 89.49% gain.
Strong earnings and regional diversification made it one of the more fundamentally solid performers on the list.
If you had invested Ksh100,000 in Jubilee Holdings, your investment would now be worth about Ksh189,481.
Also Read: 5 Investing Risk Factors and How to Avoid Them
TotalEnergies increased from Ksh20.00 to Ksh36.30, posting an 81.5% gain.
The stock benefited from stable demand and improved margins, appealing to income-focused investors.
If you had invested Ksh100,000 in TotalEnergies Kenya, your shares would now be worth approximately Ksh181,500.
If you are planning to invest in stocks in 2026, take the time to understand what’s really driving their price. You can also track how the stock has grown over the past year and its short-term trends.
If your focus is long-term wealth, pay attention to things like steady dividend payouts and the company’s overall financial health. Don’t put all your eggs in one basket — spreading your money across sectors and asset types can help cushion against unexpected market shifts.
It is also important to note that the stock market responds to a mix of economic changes, policy updates, and investor behaviour, so staying informed is key to making smarter investment choices.
.png){kind=small}
Join 1.5M Kenyans using Money254 to find better loans, savings accounts, and money tips today.
Money 254 is a new platform focused on helping you make more out of the money you have. We've created a simple, fast and secure way to find and compare financial products that best match your needs. All of the information shown is from products available at established financial institutions that our team of experts has tirelessly collected.
![Top Money Market Funds in Kenya by Net Returns [October 2025]](https://cdn.prod.website-files.com/6038c1030be2580db46ccf46/69149f077d46b579bede97f5_top%20image%20%2B%20Templates%20%20-%202025-11-12T175131.153.jpg)
