NSE 25 rises 1.00% after record KSh 4.28 trillion market cap

The NSE 25 rose 1.0041% to 2,770.18 on September 8 after market capitalization hit a record KSh 4.28 trillion, driven by banks, according to The Kenyan Wallstreet. The Nairobi Securities Exchange broadened its product suite with 2 new indices, the N10 and NSE-BI, announced on September 2 by The Kenyan Wallstreet, while a September 8 release reported the launch of a banking sector index. Kenya is weighing an easing of collateral rules for idle NSE shares, The EastAfrican reported on September 6, keeping the measure conditional. In stocks, the CBK approved Nedbank’s acquisition of up to 66% of NCBA Group, according to TechAfrica News, while BAT Kenya said Finance Director Phillip Lopokoiyit resigned, The Kenyan Wallstreet reported on September 3.