NSE 25 jumps 16.51% as NCBA posts 9% rise in quarterly profit

The NSE 25 jumped 16.5103% to 5,828.81 points on May 26, while the NSE 20 slipped 0.0314% to 1,400.01 points. NCBA Group reported quarterly profit after tax of KES 5.96 billion to KES 6 billion, up 9%, according to The Kenyan Wallstreet, TechTrendsKE and Bizna Kenya. BAT Kenya warned a proposed tobacco bill could cost the Treasury KES 12 billion a year, according to Kahawatungu, Capital FM and Citizen Digital, while AD HOC NEWS said its first-quarter revenue update kept the focus on Kenyan consumer demand. In market developments, a May 26 report said Satrix will list an MSCI World Feeder ETF on the NSE, giving local investors access to global markets.