NCBA was the week’s top gainer, up 20.7% to close at KSh 83.25 as investors reacted to the buyout talks between NCBA and a South African lender. Standard Bank, through its local subsidiary Stanbic Holdings, however, has neither confirmed or denied the speculations concerning its discussions with NCBA.
NCBA recorded a weekly turnover of US$ 763,700 pushing its Market Capitalization to US$ 1061.3 m
NCBA Digital platform
NCBA performance at the Nairobi Securities Exchange(NSE) comes as the lender unleashes a KSh 774 million platform that will enhance its digital capabilities and enable customers have a superior banking solution, especially its Corporate and SME Clients.
The Bank’s digital capabilities are in sync with those of more African banks, now getting into the digital race as a strategy to stay at the top of the heap.
As Kenya went into mourning following the death of Raila Odinga, a key player in Kenya’s political circles, the NSE Market activity softened to US$ 11.4m from the prior week.
Safaricom dominated market activity, accounting for 28.2% of the week’s turnover. The counter’s price function strengthened by 3.1% to close the week at KSh 27.95.
KCB Group and Equity Group were the best performing bank stocks, rising by 0.9% and 0.4% to KSh 57.00 and KSh 59.25, respectively.
Williamson Tea was the week’s worst performing counter, down 35.8% to KSh 193.25, in what analysts’ attribute to the its bonus issue closure on 13th October 2025.
Foreign investors turned, following a shutdown of US Government, pumping in US$ 499,800 into the equity market. With foreigners targeting mainly KCB shares. Foreign investor participation, however, eased to 26.7% from 38.5% in prior week.
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