NSE 20 slumps 49.44% as NCBA posts 9% Q1 profit growth
The NSE 20 closed at 1,016.78, down 49.4421%, while the NSE 25 fell 9.8187% to 5,091.3 on June 2. NCBA Group reported first-quarter net profit of KES 5.96 billion to KES 6 billion, up 9% in Q1 2026, and its Nedbank sale remains on track, according to The Kenyan Wallstreet, Standard Media and TechTrendsKE. NCBA shareholders could see gains of up to 20% from the Nedbank buyout offer, Business Daily reported, extending a run of bank-focused headlines. BAT Kenya said a proposed tobacco law could cost the Treasury KES 12 billion a year and threaten 100,000 jobs, according to Capital FM, Citizen Digital, Kahawatungu and Tobacco Reporter. On market structure, the NSE appointed Sterling Capital as a market maker for NEXT Derivatives, while Satrix is set to list an MSCI World Feeder ETF offering access to global markets, according to June 2 exchange notices.
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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