NCBA leads Nairobi as NSE launches banking index in a slightly weaker market

The NSE 25 fell 0.16% to 5,766.86 and the NSE 20 slipped 0.15% to 3,604.56 on April 22, while Express Kenya jumped 6.2% in a weaker market led by logistics, according to an analyst note published the same day. The NSE launched a Banking Sector Index on April 22, according to its press release, adding a new sector benchmark as financial stocks stay central to trading. NCBA remained the main corporate story after posting FY2025 net profit of KSh 23.4 billion and a total dividend of KSh 7.10, up 30%, according to Bizna Kenya and MarketScreener, while TechTrendsKE said digital loans drove the 2025 performance. The market narrative still reflects March's selloff, with KSh 96 billion wiped out in the 7th-biggest daily drop since 2008, according to The Kenyan Wallstreet, followed by KSh 200 billion lost by blue chips on March 25, according to Business Daily, before the modest decline seen on April 22.