NSE 25 drops 40.0% as Absa targets $238 million Kenya stake offer
The NSE 25 closed at 3,700.44 on June 30, down 40.0051%. Absa Group launched a $238 million offer for its stake in Absa Bank Kenya, according to African Law & Business. Absa Bank Kenya also changed leadership after CEO Abdi Mohamed resigned on June 29, reports The Kenyan Wallstreet, while Yusuf Omari was named interim CEO, according to The Eastleigh Voice. June 30 corporate flow also featured audited results from Safaricom, Nation Media Group, TotalEnergies Marketing Kenya and Home Afrika, alongside 3 governance filings from Nairobi Securities Exchange.
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Absa Bank Kenya reshuffles leadership as NSE 25 jumps 27.54%
The NSE 25 closed at 3,827.1 points, up 27.5368% as of July 3, with Absa Bank Kenya driving the corporate narrative. Absa Group launched a $238 million offer for its stake in Absa Bank Kenya, according to African Law & Business, while CEO Abdi Mohamed resigned on June 29 to join I&M Bank, according to The Kenyan Wallstreet and TechTrendsKE. Yusuf Omari was named interim CEO on June 29, reports The Eastleigh Voice, and Diana Mwaniki was appointed acting finance chief on July 2, according to Bizna Kenya. Separately, the Nairobi Securities Exchange appointed Sterling Capital as a market maker for the NEXT Derivatives Market and announced the listing of the Satrix MSCI World Feeder ETF to widen retail access to global markets, according to July 3 exchange statements.
Nairobi Securities Exchange — NBV slips to 1.45 KES after a 9.0% five-day jump
NBV fell 2.7% to 1.45 KES on Friday but still holds a 9.0% gain over five sessions after touching 1.49 KES. With no company-specific filing visible today, the stock is best read through momentum, high-risk positioning and renewed retail rotation into smaller NSE names.
Nairobi Securities Exchange — NSE 25 Jumps 27.54% for July 3 Week as SCBK and CIC Lead
The NSE 25 surged 27.54% in the week ended July 3, 2026, even as market breadth stayed evenly split at 23 gainers and 23 losers. Standard Chartered Kenya, CIC and Uchumi led gains, while trading value was dominated by Equity Group and KCB.