NSE 25 drops 3.14% as NCBA profit rises 9% and BAT flags KES12 bln risk
The NSE 25 closed at 5,645.63 on May 28, down 3.1427%, marking a decline of more than 3%. NCBA Group posted first-quarter profit after tax of KES5.96 billion, up 9% according to The Kenyan Wallstreet, with TechTrendsKE reporting KES6 billion. BAT Kenya said a proposed tobacco bill could cost the Treasury KES12 billion a year, according to capitalfm.co.ke and Kahawatungu, while keeping the impact conditional. On the corporate side, AD HOC NEWS said BAT Kenya shares were supported by an earnings rebound and dividend, while the NSE said on May 28 it appointed Sterling Capital Limited as a market maker in the NEXT Derivatives Market.
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Nairobi Securities Exchange — NSE 25 Falls 2.68% as TPSE Jumps 8.5% and New Banking Index Debuts
The NSE 25 fell 2.68% this week to 4,084.44 points, even as market breadth stayed positive with 30 advancers out of 55 stocks. TPSE led gainers with an 8.5% rise, while the exchange launched a new banking sector index, underscoring a deeper Kenyan market structure.
Press Release - Nairobi Securities Exchange Plc Appoints Sterling Capital Limited as a market maker in the NEXT Derivatives Market
Investors on Kenyan securities exchange will soon get access to trade global markets as Satrix lists MSCI World Feeder ETF on the NSE