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Market Report – 11th March 2022


Faida Research - March 14, 2022 - 0 comments

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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

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