Equity Market Commentary
The All Share Index (NASI) decreased by 3.40% w-o-w to close the week at 159.05, similarly the NSE 20 decreased by 1.76% w-o-w to close the week at 1,864.58. Equity turnover increased by 1.24% to KES 2.4 billion while the volume traded decreased by 14.05% to 57.67 million. Notable price decreases included; Safaricom (5.3% w/w to KES 35.50) and KPLC (4.3% w/w to KES 1.57). We expect similar fluctuations in foreign participation and price stability amongst bank stocks.
Market Indices Performance
Index | This Week | Previous Week | Weekly Change % | YTD Change % |
NASI | 159.05 | 164.64 | -3.40% | -4.19% |
NSE 20 | 1,864.58 | 1897.90 | -1.76% | -2.00% |
NSE 25 | 3,613.10 | 3703.58 | -2.44% | -3.50 |
Source: NSE
Equities Performance
Top Gainers | Previous Price (KES) | Current
Price (KES) |
Weekly Change % | YTD Change | |
1. | Car General | 52.25 | 61.25 | 17.22% | 80.4% |
2. | Sasini | 18.10 | 19.75 | 9.12% | 5.6% |
3. | Sanlam | 11.90 | 12.75 | 7.14% | 10.4% |
4. | BK Group | 27.50 | 29.35 | 6.73% | 1.2% |
5. | Umeme | 6.00 | 6.38 | 6.33% | (5.3%) |
Source: NSE and Faida Investment Bank Analysis
Top Losers | Previous Price (KES) | Current
Price (KES) |
Weekly Change | YTD Change % | |
1. | Transcentury | 1.24 | 1.01 | (18.55%) | (13.7%) |
2. | EA Portland | 7.10 | 6.30 | (11.27%) | (5.4%) |
3. | TP Serena | 12.85 | 11.70 | (8.95%) | (23.3%) |
4. | Fahari I Reit | 6.50 | 5.92 | (8.82%) | (5.4%) |
5. | Eveready | 0.94 | 0.86 | (8.51%) | (12.2%) |
Source: NSE and Faida Investment Bank Analysis
Movers | Previous Price (KES) | Current
Price (KES) |
Turnover (KES Mn) |
Safaricom | 37.50 | 35.50 | 1,043.91 |
BAT | 490.25 | 491.00 | 448.77 |
Equity | 51.75 | 51.25 | 289.70 |
KCB | 45.35 | 44.70 | 269.48 |
SCBK | 132.00 | 131.00 | 169.39 |
Source: NSE and Faida Investment Bank Analysis