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…
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…
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…
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).…
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…
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%…
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…
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…
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…
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…
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)…
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…
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…
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…
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…
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…
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…
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…
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%…
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…
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…
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…
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…
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…