The NSE Indices, Appetite for Safaricom and the BOC-Cabarcid Buyout

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global markets update

The NSE turnover will continue to increase driven by foreign investment. The new broker connectivity network will improve how fast trades are settled locally which is positive to the market and the NSE. EABL was the top gainer week-on-week. EABL rallied because of corporate investors after the price release, driven by a buying rush after price drop because of its strong fundamentals. The Carbacid-BOC buyout will form a significant player in East and Central Africa but faces numerous hurdles. The coming week will come with significant activity in the banking sector as results come out. Earnings are expected to be lower, but the worst is behind us, with the hope of recovery.

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