NSE Market Report 7/12/2015

NSE Market Report 7/12/2015

Turnover on the bourse was up by 24.5% to KES 933.247 Million compared to the previous day. All share Index gained 0.32 points to close at 143.61 points. The benchmark NSE20 share index was flat, closing 0.62 points lower at 3990.02 points. A total of 35,916,268 shares were traded.

Gainers

Losers

Movers

Safaricom dominated today’s trading session by more than half (57.7%). Turnover was KES 331.4 Million. 21 million shares were traded. 175 deals executed. Safaricom closed at KES 15.90, 11.17 % below its 52-week high of 17.90, set on May 06, 2015. Safaricom has been generating interest from foreign corporates. Safaricom is the largest company by market cap.

Fixed Income Market

In the debt market, bonds worth 1.5 billion shillings were traded, down from Friday’s volume of 2.5 billion shillings.

Analyst Recommendations

Cytonn Investments

Kenyan WallStreet attended the release of the Q3 banking report by Cytonn Investments at Sarova Stanley. It ranked the following banks according to intrinsic value (fair value) as shown below with KCB leading with the highest potential upside. The full report can be downloaded here.

Cytonn recommends the following Equities:

Buy

1. •KCB
2. •Equity
3. •Barclays
4. •DTBK
5. •Uchumi
6. •NIC

Accumulate

1. •Standard Chartered
2. •Kenya Reinsurance
3. •I&M

Hold

1. •Britam
2. •Safaricom

Lighten

1. •Pan Africa
2. •Co-operative Bank

Sell

1. •National Bank of Kenya
2. •Housing Finance
3. •Cfc Stanbic
4. •Jubilee Insurance
5. •Liberty

KenGen

In other news it was reported that NSSF offloaded its KES 134m stake. Kenyan WallStreet will embark on a shareholder analysis of KenGen and will publish it in the coming few days.