
NSE 25 drops 40.0% as Absa targets $238 million Kenya stake offer
The NSE 25 closed at 3,700.44 on June 30, down 40.0051%. Absa Group launched a $238 million offer for its stake in Absa Bank Kenya, according to African Law & Business. Absa Bank Kenya also changed leadership after CEO Abdi Mohamed resigned on June 29, reports The Kenyan Wallstreet, while Yusuf Omari was named interim CEO, according to The Eastleigh Voice. June 30 corporate flow also featured audited results from Safaricom, Nation Media Group, TotalEnergies Marketing Kenya and Home Afrika, alongside 3 governance filings from Nairobi Securities Exchange.
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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