Co‑operative Bank of Kenya (Co‑op Bank) shares closed at KSh 20.30, marking a climb to a level not seen since 2016—just 20 basis points shy of its all-time high of KSh 20.50.
Since the start of the year, Co‑op Bank’s share price has gained nearly KSh 4, underscoring a significant upswing for the lender.
This surge placed the stock among the top five gainers on the Nairobi Securities Exchange (NSE) on Friday.
Market Capitalisation & Trading Momentum
On the back of these gains, Co‑op Bank has solidified its position as the sixth most valuable stock on the NSE, boasting a market capitalisation of KSh 119 billion, with a daily gain of KSh 1.10—or 5.7%—over the previous close of KSh 19.20.
Over the past four weeks, the stock delivered a 20% return, ranking as the 15th best performer across the entire NSE.
It also remains one of the most actively traded counters, standing as the seventh-most traded stock over the last three months—recording 66.5 million shares across 10,624 deals, valued at KSh 1.18 billion, with an average daily volume of approximately 1.06 million shares.
While Co‑op Bank shines, other stocks have posted even steeper gains this year: Home Afrika (+265%), NSE Index (+162%), Kenya Re (+148%), CIC (+147%), HF Group (+144%), and Jubilee Insurance (+75.9%).
Additionally, overall market capitalisation, total shares traded, and equity turnover rose by 3.51%, 109.45%, and 217.01%, respectively.
Investor appetite for government instruments remained strong. The CBS reported that the September 4 Treasury Bill auction received bids totaling KSh 33.9 billion, surpassing the KSh 24 billion advertised amount—an impressive auction performance of 141.2%.
Meanwhile, yields for 91-day and 182-day T‑bills declined, whereas the 364-day T‑bill experienced a slight uptick.
In contrast, bond turnover in the secondary market dropped by 23.76%, falling to KSh 50.2 billion from KSh 65.9 billion the prior week.
On the international front, yields on Kenya’s Eurobonds declined by an average of 23.12 basis points, driven by a recent credit rating upgrade by S&P.
Co‑operative Bank shares traced a remarkable upward path on 8 September 2025, closing at KSh 20.30—near its highest level in nine years.
The rally left the stock among the top gainers on the NSE, while shining a spotlight on rising investor confidence in one of Kenya’s premier lenders.
