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Market Report – 4th March 2022


Faida Research - March 7, 2022 - 0 comments

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Equity Market Commentary

The All Share Index (NASI) increased by 2.88% w-o-w to close the week at 164.64, similarly the NSE 20 increased by 3.52% w-o-w to close the week at 1,897.90. Equity turnover increased by 3.29% to KES 2.4 billion while the volume traded decreased by 6.75% to 67.10 million. Notable price increases included; Nation Media Group (4.4% w/w to KES 20.30) and KPLC (3.1% w/w to KES 1.64). 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 164.64 160.03 2.88% -0.82%
NSE 20 1897.90 1,883.33 3.52% -0.25%
NSE 25 3703.58 3,635.88 1.86% -1.08%

Source: NSE

Equities Performance

Top Gainers Previous Price (KES) Current

Price

(KES)

Weekly Change % YTD Change
1. New Gold 1,880.00 2,075.00 10.37% 10.4%
2. Sameer 2.46 2.70 9.76% (5.6%)
3. Eaagads 12.35 13.50 9.31% 0.0%
4. TransCentury 1.16 1.24 6.90% 6.0%
5. Unga 27.30 29.00 6.23% 4.9%

Source: NSE and Faida Investment Bank Analysis

  Top Losers Previous Price (KES) Current

Price

(KES)

Weekly Change YTD Change %
1. Sanlam 15.00 11.90 (20.67%) 3.0%
2. Car General 64.00 52.52 (18.36%) 53.95
3. Sasini 20.10 18.10 (9.95%) (3.2%)
4. BOC 93.25 85.00 (8.85%) 21.4%
5. Liberty 7.26 6.62 (8.82%) (5.4%)

Source: NSE and Faida Investment Bank Analysis

  Movers Previous Price (KES) Current

Price

(KES)

Turnover (KES Mn)
1. Safaricom 37.95 37.50 1,345.92
2. KCB 46.00 45.35 268.83
3. Equity 52.50 51.75 254.02
4. SCBK 134.25 132.00 166.97
5. EABL 162.00 156.75 161.14

Source: NSE and Faida Investment Bank Analysis

 

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