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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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