The Nairobi Securities Exchange (NSE) has indefinitely suspended trading in TransCentury Plc (NSE:TCL) and East African Cables Plc (NSE:CABL) shares, effective June 23, 2025.

With receivers now back in control and no final court ruling in place, the NSE deemed ongoing trading incompatible with investor protection and market stability.

At the heart of the standoff is a KSh 2.2 billion loan, with TransCentury accusing the lender of obstructing efforts to refinance and stabilize its operations. While the court is set to revisit the matter on July 24, the ongoing uncertainty has already cast a shadow over one of the NSE’s best-performing stocks of 2025, which had rallied over 180% year-to-date before the suspension.

Meanwhile, NCBA Group Plc (NSE: NCBA) touched KSh 58.00 in Monday’s trading, a level last seen in January 2015. The stock has posted a 16.2% gain year-to-date, further supported by strong Q1 2025 results showing a KSh 5.5 billion net profit—up 3% year-on-year.

The lender’s strong financial showing has lifted investor sentiment, with the stock gaining 9.8% in the past month, 25.3% over six months, and 37.3% year-on-year. The rally was further backed by a final dividend payout of KSh 3.25 per share for FY 2024, issued on May 28.