Kenya | NSE

On a monthly perspective, the market indices recorded a mixed trend with the Nairobi All Share Index declining by 1.9% m/m, NSE-20 increasing 0.5% m/m and NSE-10 declining 0.5% m/m.

KCB Group HY’24 earnings surpassed in-house expectations to post an outsized 86.4% y/y surge in net earnings to KES 29.92Bn and an impressive 1020bps jump in the Group return on equity to 26.1% over the first half of 2024.

Diamond Trust Bank met in-house expectations over the first half of 2024 recording a modest 11.5% y/y growth in net earnings to KES 4.86Bn.

ABSA Kenya surpassed in-house expectations over the first half of 2024 recording a remarkable 28.9% y/y growth in net earnings to KES 10.71Bn.

NCBA Group clocked below in-house expectations over the first half of 2024 recording a mild 5.0% y/y growth in net earnings to KES 9.82Bn.

Standard Chartered Bank Kenya surpassed in-house expectations to post a remarkable 48.8% y/y growth in net earnings to KES 10.28Bn over the first half of 2024.