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.