NSE 20 slips 0.89% as NCBA posts 9% Q1 profit growth

The NSE 20 fell 0.89% to 1,007.72 on June 5, while corporate news was led by NCBA after quarterly profit rose 9% to KSh 5.96 billion, according to The Kenyan Wallstreet and Bizna Kenya. Standard Media and Business Daily reported the Nedbank sale remains on track and could deliver as much as a 20% gain for shareholders, preserving the deal's conditional status. BAT Kenya said a proposed tobacco bill could cost the Treasury KSh 12 billion a year and threaten 100,000 jobs, according to Capital FM Kenya, Citizen Digital, Kahawatungu and Tobacco Reporter. On the market side, the NSE on June 5 launched a Banking Sector Index and Satrix listed an MSCI World feeder ETF, widening product access for Kenyan investors, according to same-day exchange disclosures.