NCBA jumps on KES 23.4 bln profit as NSE closes mixed
The NSE closed mixed on April 20, with the NSE 25 up 0.21% at 5,776.13 and the NSE 20 down 0.27% at 3,610.13. NCBA led the news flow after reporting 2025 net profit of KES 23.4 billion and raising its total dividend by 30% to KES 7.10, according to Bizna Kenya and MarketScreener. The lender also unveiled a new strategy, while Kigali Today reported Nedbank visited Rwanda to advance the NCBA Bank takeover, preserving the deal's conditional status. The market is still emerging from a sharp March selloff, after a KES 96 billion daily loss on March 24, the 7th biggest drop since 2008 according to The Kenyan Wallstreet, followed by KES 200 billion wiped from blue-chip stocks on March 25, Business Daily reported. The exchange is also broadening its product set, with ALP REIT listing as the first U.S. dollar-denominated security on the NSE, Dabafinance reported, while a notice dated April 20 said Satrix will soon list an MSCI World Feeder ETF.
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