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