Market Report 24/12/2015
The benchmark NSE-20 Share Index was down 0.83 points to close at 4,007.33 points. The All Share Index (NASI) was down by 0.20 points to close at 145.5 points. Turnover was way down to KES 169Mn compared to KES 189Mn at the close of the year. Foreign participation stood at 54.21%
Gainers
| Counter | Price | % Change | Volume |
| KUKZ | 348.00 | 9.78 | 200 |
| WTK | 400.00 | 4.17 | 700 |
| SCBK | 203.00 | 4.10 | 200 |
| HFCK | 23.00 | 3.37 | 11,800 |
| LKL | 4.65 | 3.33 | 6,000 |
Kakuzi rallied on the back of a 200 share trade to close at KES 348.00. Kakuzi has been the leading stock in the NSE in 2015 and has begun 2016 on the same note. We demonstrate this using the 2015 to date chart below.
Losers
| Counter | Price | % Change | Volume |
| HAFR | 2.00 | 23.08 | 935,400 |
| UNGA | 30.50 | 9.63 | 1,500 |
| SCAN | 27.50 | 8.33 | 100 |
| KENO | 8.80 | 8.33 | 28,000 |
| EGAD | 25.00 | 6.54 | 400 |
Home Afrika received a big beating in today’s session after announcing a profit warning for the second year in a row! It was down 23.08% in today’s session. Market participants clearly did not like what they heard. Using 2014 financials we value HAFR with a book value/share of KES 0.86 and a tangible book value/share of KES 0.76. Kenyan WallStreet still thinks the counter is overvalued and its a value trap. We rank this counter under our highly speculative category.
Movers
| Counter | Volume | % of Volume Traded | Market Cap. |
| SCOM | 1.64M | 22.8 | 661.08B |
| KCB | 1.48M | 20.6 | 130.08B |
| EQTY | 1.19M | 16.5 | 154.72B |
| HAFR | 0.935M | 13.0 | 0.810B |
| KEGN | 0.555M | 7.7 | 15.83B |
East African Markets
- Uganda: The USE ALSI rose by 1.7 percent to close at 1,793.02 while USE LSI remained constant to close at 412.07.
- Rwanda: The USE RSI and RSE ALSI remained constant to close at 146.89 and 130.61.
- Tanzania: The DSEI gained 0.8 percent to end at 2,353.28 while DSE TSI declined by 0.1 percent to close at 4,471.92.
January Outlook
The January Effect on the bourse, we expect increase in share prices.
Read here on what is expected from the stock market in January Based on Data,Expect an increase in Stock Prices on the NSE in January
Market News
Home Afrika
Read more about Home Afrika profit warning.
Kenyan Shilling
CBK injected KES 6.5 Billion into the money markets using reverse repurchase agreements (REPOS). 1 USD = KES 102.245.
