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Market Report – 18th March 2022


Faida Research - March 21, 2022 - 0 comments

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Equity Market Commentary

The All Share Index (NASI) decreased by 1.36% w-o-w to close the week at 156.89, equally the NSE 20 decreased by 0.22% w-o-w to close the week at 1,860.52. Similarly, Equity turnover decreased by 37.59% to KES 1.5 billion and the volume traded also decreased by 16.87% to 47.54 million. Notable price decreases included; Nairobi Securities Exchange (7.0% w/w to KES 7.12) and Centum Investment Co (3.7% w/w to KES 13.00). We expect similar fluctuations in foreign participation and continued price stability amongst bank stocks.

 Market Indices Performance

Index This Week Previous Week Weekly Change % YTD Change %
NASI 156.89 159.05 -1.36% -5.49%
NSE 20 1,860.52 1,864.58 -0.22% -2.21%
NSE 25 3,594.25 3,613.10 -0.52% -4.00%

Source: NSE

Equities Performance

Top Gainers Previous Price (KES) Current

Price

(KES)

Weekly Change % YTD Change
1. Car General 61.25 73.00 19.18% 115.%
2. EA Cables 1.07 1.21 13.08% 0.8%
3. TP Serena 11.70 12.55 7.26% (17.7%)
4. Transcentury 1.01 1.08 6.93% (7.7%)
5. StanChart 131.00 139.75 6.68% 9.0%

Source: NSE and Faida Investment Bank Analysis

  Top Losers Previous Price (KES) Current

Price

(KES)

Weekly Change YTD Change %
1. Sanlam 12.75 11.00 (13.73%) (4.8%)
2. Standard Group 13.40 11.90 (11.19%) (12.2%)
3. HF Group 3.45 3.09 (10.43%) (20.8%)
4. Sasini 19.75 17.90 (9.37%) (4.3%)
5. Sameer 2.66 2.45 (7.89%) (14.3%)

Source: NSE and Faida Investment Bank Analysis

  Movers Previous Price (KES) Current

Price

(KES)

Turnover (KES Mn)
1. Safaricom 35.50 34.50 762.86
2. KCB 44.70 44.60 361.78
3. Absa 12.10 12.40 93.36
4. Equity 51.25 52.00 79.94
5. SCBK 131.00 139.75 59.68

Source: NSE and Faida Investment Bank Analysis

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