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.
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NSE 25 jumps 12.9% despite Ksh10 bln foreign share sales
The NSE 25 jumped 12.9236% to 5,749.28 on June 10, while the NSE 20 rose 2.9651% to 1,037.6. The advance followed Ksh10 billion of foreign share sales on the NSE, concentrated in the five biggest stocks, according to Business Daily and Sacco Review. BAT Kenya said on June 5 that proposed tobacco law amendments could cost the government Ksh12 billion and threaten jobs, saccoreview.co.ke reported. The same day, the NSE said it appointed Sterling Capital Limited as a market maker on the NEXT Derivatives Market and unveiled a step to widen retail investor access, according to June 10 exchange statements.
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