Equity Market Commentary
The All Share Index (NASI) increased by 2.26 % w-o-w to close the week at 160.43, similarly the NSE 20 increased by 0.04% w-o-w to close the week at 1,861.52. Equally, Equity turnover increased by 52.43% to KES 2.32 billion and the volume traded also increased by 17.94% to 56.54 million. Notable price increases included; NCBA (3.8% w/w to KES 25.90) and Stanbic Holdings (2.0% w/w to KES 102.00). 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 | 160.43 | 156.89 | 2.26% | -3.36% |
| NSE 20 | 1,861.25 | 1,860.52 | 0.04% | -2.17% |
| NSE 25 | 3,634.42 | 3,594.25 | 1.12% | -2.93% |
Source: NSE
Equities Performance
| Top Gainers | Previous Price (KES) | Current
Price (KES) |
Weekly Change % | YTD Change | |
| 1. | Flame Tree | 1.15 | 1.24 | 7.83% | (1.6%) |
| 2. | NSE | 7.12 | 7.56 | 6.18% | (5.5%) |
| 3. | HF Group | 3.09 | 3.23 | 4.53% | (17.2%) |
| 4. | Safaricom | 34.50 | 35.95 | 4.20% | (5.3%) |
| 5. | NBV | 4.60 | 4.78 | 3.91% | (21.1%) |
Source: NSE and Faida Investment Bank Analysis
| Top Losers | Previous Price (KES) | Current
Price (KES) |
Weekly Change | YTD Change % | |
| 1. | Home Afrika | 0.37 | 0.34 | (8.11%) | (15.0%) |
| 2. | TP Serena | 12.55 | 11.75 | (6.37%) | (23.0%) |
| 3. | BOC Kenya | 85.00 | 80.00 | (5.88%) | 14.3% |
| 4. | Uchumi | 0.22 | 0.21 | (4.55%) | (12.5%) |
| 5. | Car General | 73.00 | 70.00 | (4.11%) | 106.2% |
Source: NSE and Faida Investment Bank Analysis
| Movers | Previous Price (KES) | Current
Price (KES) |
Turnover (KES Mn) | |
| 1. | KCB | 44.60 | 44.00 | 597.73 |
| 2. | Safaricom | 34.50 | 35.95 | 584.39 |
| 3. | StanChart | 139.75 | 142.00 | 408.88 |
| 4. | Equity | 52.00 | 51.50 | 275.91 |
| 5. | EABL | 149.50 | 149.75 | 247.32 |
Source: NSE and Faida Investment Bank Analysis