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Daily Market Report - 7th July 2020

Market Commentary:  The All Share index eased by 2.1% to close the day at 135.14. We attribute this to price declines in large cap counters, notably Safaricom…

Faida Research July 7, 2020

Daily Market Post - 6th July 2020

Market Commentary: The All Share Index retreated by 1.1% partly attributed to price decline on Safaricom (-1.9% to KES 29.10). Activity on the counter accounted…

Faida Research July 7, 2020

Investment Recommendation Report - KCB

We issue a LONG-TERM BUY on KCB Group. The counter is currently trading a trailing P/B multiple of 0.84x (at a price of KES 35.05), a 28.2% discount of over its…

Faida Research July 3, 2020

Daily Market Report - 2nd July 2020

Market Commentary:  The All Share Index gained by 0.03% to close the day at 137.77. We partly attribute this to gains on Safaricom (+1.0% to KES 29.00).…

Faida Research July 3, 2020

Daily Market Report - 1st July 2020

Market Commentary:  The All Share Index and NSE 20 share index gained by 0.04% and 0.3% to close the day at 137.73 and 1,947.64 respectively. We note that…

Faida Research July 1, 2020

Daily Market Report - 30th June 2020

Market Commentary: The All Share Index retreated by 0.8% to close at 137.68. We attribute this to price declines in large cap counters, notably EABL (-4.6%…

Faida Research July 1, 2020

Daily Market Report - 29th June 2020

Market Commentary: The All Share Index gained marginally by 0.8% to close the day at 138.79. We partly attribute this to a rebound on Safaricom (+1.4% to…

Faida Research June 29, 2020

Investment Recommendation Report - Absa Kenya

We recommend a LONG-TERM BUY on ABSA Bank with the counter trading at a P/B multiple of 1.21x (at a price of KES 10.10) against an industry average of 0.75x as at…

Faida Research June 26, 2020

Daily Report - 25th June 2020

Market Commentary: The All Share Index retreated by 0.7% to close at 137.56. We attribute this to price declines in large cap counters, notably Safaricom…

Faida Research June 26, 2020

Daily Market Report - 24th June 2020

Market Commentary:  The All Share Index eased by 1.4% to close the day at 138.46 as Safaricom declined for the 3rd consecutive day ( -7.3% week to date to…

Faida Research June 24, 2020

Daily Market Report - 23rd June 2020

Market Commentary: The All Share Index eased by 1.5% to close the day at 140.47. We attribute this mainly to price decline on Safaricom (2.5% to KES 29.45)…

Faida Research June 23, 2020

Daily Market Report - 22nd June 2020

Market Commentary: The All Share Index retreated by 1.4% to close today’s trading session at 142.54 from 144.58 in the previous trading session. NSE…

Faida Research June 23, 2020

Investment Recommendation Report - Standard Chartered

We issue a SELL recommendation on StanChart. The stock is currently trading at a trailing P/B ratio of 1.20x (based on a market price of KES 167.50 as at 19th June…

Faida Research June 19, 2020

Daily Market Report - 18th June 2020

Market Commentary: The All Share Index remained relatively flat to close the day at 144.92 .However the NSE 20 closed the day at 1,971.9. Equity turnover…

Faida Research June 18, 2020

Daily Market Report - 17th June 2020

Market Commentary: The All Share Index gained marginally by 0.1% to close the day at 144.90. The NSE 20 Index however retreated by 1.0% to close the day…

Faida Research June 17, 2020

Daily Market Report - 16th June 2020

Market Commentary: The All Share Index gained by 1.0% to close the day at 144.74. We attribute this to gains in large cap counters: Safaricom (+1.6% to…

Faida Research June 16, 2020

Daily Market Report - 15th June 2020

Market Commentary: The All share index and NSE 20 share index maintained their upward momentum, gaining 0.3% and 0.6% to close the day at 143.25 and 2,022.95…

Faida Research June 15, 2020

Investment Recommendation Report - Stanbic

We assign a LONG-TERM BUY recommendation on Stanbic Holdings. The current market price of KES 77.00 (as at 12th June 2020) presents a buying opportunity for investors…

Faida Research June 12, 2020

Daily Market Report - 11th June 2020

Market Commentary: The All Share Index gained for the 2nd consecutive day this week (+2.6% week to date) to close the day at 142.78. Safaricom gained 1.7%…

Faida Research June 11, 2020

Daily Market Report - 10th June 2020

Market Commentary: The All Share and NSE 20 Indices gained by 0.7% and 0.2% to close the day at 141.04 and 1,986.48 respectively. Equity turnover increased…

Faida Research June 10, 2020

Daily Market Report - 9th June 2020

Market Commentary: The All Share Index eased marginally by 0.5% to close the day at 140.08 which we attribute to price declines in large cap counters: Safaricom…

Faida Research June 10, 2020

Daily Market Report - 8th June 2020

Market Commentary: The All Share Index gained 1.1% to close the day at 140.74 from the previous trading session. This was attributed to Safaricom gaining…

Faida Research June 8, 2020

Investment Recommendation Report - NCBA

We place a LONG-TERM BUY recommendation on NCBA Group. The counter is currently trading at a P/B ratio of 0.62x (based on a market price of KES 27.80 as at 5th June…

Faida Research June 5, 2020

Daily Market Report - 4th June 2020

Market Commentary: The All Share Index (NASI) gained for the third consecutive day this week (+1.8% week to date) to close the day at 139.59. We attribute this…

Faida Research June 4, 2020