NSE 25 slumps 21.3% as Nairobi pushes privatisation agenda

The NSE 25 closed at 3,011.32 points, down 21.3159% on July 9, 2026, as leadership changes at the Nairobi Securities Exchange coincided with government privatisation plans, according to Kenyans.co.ke. President William Ruto and Kithure Kindiki on July 5 defended the sale of state stakes in Safaricom and Kenya Pipeline, with Daily Nation reporting the move as a disposal of government shareholdings. In corporate news, NCBA Group posted a Sh5.3 billion profit after tax in the first quarter of 2024, The Eastleigh Voice reported, while Absa Bank Kenya named Diana Mwaniki as acting finance chief, according to Bizna Kenya. On July 9, the NSE also announced a banking sector index, appointed Sterling Capital as a market maker in the NEXT Derivatives Market and admitted Fintrust Securities to the fixed-income market, according to exchange statements.