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.
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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