Nairobi's NSE 25 drops 11.73% as NCBA posts 9% Q1 profit growth

The NSE 25 closed at 5,002.83, down 11.7327%, while the NSE 20 ended at 1,400.45, down 24.7361% as of May 22, 2026. NCBA Group reported first-quarter net profit of KES 5.96 billion to KES 6 billion, up 9%, according to The Kenyan Wallstreet, TechTrendsKE and Bizna Kenya. BAT Kenya said a proposed tobacco law could cost the government KES 12 billion a year, according to Capitalfm.co.ke and Citizen Digital, while AD HOC News said its first-quarter revenue update kept the focus on Kenyan consumer demand. On market structure, a May 22 report said Satrix will list an MSCI World feeder ETF on the NSE, while the Nairobi Securities Exchange appointed Sterling Capital Limited as market maker for the NEXT Derivatives Market.