NSE slips as NCBA posts KSh 23.4 billion 2025 profit
The NSE 25 fell 0.68% to 5,727.43 on April 23, while the NSE 20 lost 0.37% to 3,591.28, after a volatile stretch that included a KSh 96 billion selloff on March 24, the 7th-biggest daily drop since 2008, according to The Kenyan Wallstreet, followed by KSh 200 billion wiped from blue chips on March 25, according to Business Daily. NCBA led corporate coverage with FY2025 net profit of KSh 23.4 billion and a total dividend up 30% to KSh 7.10 per share, according to Bizna Kenya and MarketScreener, while TechTrendsKE said digital loans drove the performance. On strategy, Nedbank visited Rwanda to advance the NCBA Bank Rwanda takeover, Kigali Today reported, keeping the transaction in conditional territory. The exchange also logged 4 market-structure updates on April 23, including the launch of a Banking Sector Index, Fintrust Securities' admission to the fixed-income market, and the upcoming listing by Satrix of an MSCI World feeder ETF, according to NSE statements.
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