KBC Group share crosses Sh60 mark in decade as NSE bullish

KCB Group's share price crossed the Sh60 mark for the first in a decade as the market anticipates improved profits in Q3 results to be released in the coming days.

Mystocks tracked the bank's share price at Sh61.50 on Friday, recording a 1.2 per cent gain over its previous closing price of Sh60.75.

KCB began the year with a share price of Sh41.60 and has since gained 47.8 per cent on that price valuation, ranking it 28th on the NSE in terms of year-to-date performance.

Market analysts say shareholders can be optimistic about KCB knowing the stock has accrued eight over the past four-week period—12th best on NSE.

The group posted an eight per cent growth in net profit to Sh32.3 billion. In a landmark move, the board has approved a Sh13 billion shareholder payout; comprising an interim dividend of Sh2 per share and a special dividend of Sh2 per share linked to the sale of the National Bank of Kenya, bringing the total dividend to Sh4 per share. 

NCBA commanded trading at the Nairobi bourse, even as the market speculates about its planned sale to Stanbic Bank Kenya.

According to the weekly bulletin by the Central Bank of Kenya, NCBA was the top gainer, having risen by eight per cent to Sh88 compared to Thursday trading.

Cumulatively, the fourth biggest lender in terms of market capitalization has accrued over 28 percent in the past four weeks.

Equity Bank Group, which posted Sh52.4 billion in net earnings for the three months to September, was among top five gainers, with its share price closing the month at Sh66.25, having gained 4.3 per cent co pared to the previous trading day. 

Generally, investors' wealth at the Nairobi bourse rose by close to Sh100 billion with the market cap rising by 3.5 per cent to close the week at Sh2.9 trillion compared to Sh2.8 trillion the previous week. 

All indices blinked green, with the NASI, NSE 25 and NSE 20 share prices increasing by 3.45 per cent, 2.52 per cent and 1.92 per cent respectively, during the week ending October 31, 2025.

Equity turnover and total shares traded also increased by 55.23 per cent and 105.83 per cent respectively.

The Treasury bill auction of October 30, received bids totaling Sh24.3 billion against an advertised amount of Sh24 billion, representing a performance of 101.1 per cent despite yields declining.

Bond turnover in the domestic secondary market increased by 22.1 per cent.