NSE rises 0.9% after March selloff, with NCBA still in focus

The NSE 25 rose 0.8757% to 5,713.43 on April 9 and the NSE 20 added 0.6276% to 3,580.18, after a sharp March selloff that wiped out KSh 96 billion in one session on March 24, according to The Kenyan Wallstreet, and KSh 200 billion from blue chips, according to Business Daily. NCBA stayed in focus after reporting FY2025 net profit of KSh 23.4 billion and a 30% increase in total dividend to KSh 7.10 per share, according to Bizna Kenya and MarketScreener, while Kigali Today reported on April 2 that Nedbank visited Rwanda to advance a takeover of NCBA Bank. New listings and market structure changes also shaped the tape, with ALP Industrial REIT joining as the NSE's first U.S. dollar-denominated security after a 115% oversubscribed offer, according to Dabafinance and African Markets, while Kenya Pipeline debuted at KSh 9.30, up 3.3% from its IPO price, according to Reuters, Citizen Digital and Financial Fortune Media. The NSE said on April 9 it launched a banking sector index, admitted Fintrust Securities to the fixed-income market and appointed Sterling Capital as a market maker in NEXT Derivatives.