NCBA leads Nairobi as Absa joins MSCI while indexes stay flat
Kenyan equities were little changed on May 6, with the NSE 20 up 0.2235% at 3,511.35 and the NSE 25 edging 0.0387% higher to 5,608.71. NCBA Group stayed in focus after reaching a KSh 150 billion valuation on May 1 amid acquisition talks, while also reporting net revenue after provisions, according to FXLeaders and TradingView. Absa Bank Kenya joined the MSCI index on May 1 amid a shake-up in the retail market, according to FXLeaders. BAT Kenya is facing a leadership shift after a record dividend payout, FXLeaders reported on April 30.
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