Rising Equity Turnover, EABL’s Slight Decline, BAT Gains and Dividends, and Kenya Re Hold Recommendations

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In this episode, Hisa Chief Financial Analyst Felix Ochieng discusses the performance of different Indices, global markets, and top counters for the previous week. Equity turnover rose by 21.69%, with KSh 2.47 billion worth of stock traded last week, while the bond market fell by 22.1% with KSh 17.37 billion worth of bonds traded. NASI gained about 0.93%, closing the week at 165.55 BPS, the all-share index fell by 0.07%, closing at 1888 BPS, while the NSE 25 gained by 0.73%, closing at 3638.57 BPS. The gains in NSE 25 and NASI is because of activity, such as declines in EABL by 2.29% due to upward market correction. 
Highlights
  • BAT’s share price gained 14.06% following the 2020 results and the 34.3% YoY increase in dividends.
  • Sameer topped the gainers list, gaining 20% in price activity, closing at Ksh 3.60.
  • NBV YTD gains stand at 8.4%, declining 10% last week.
  • Gold faced downward pressure because of gains in counters like Bitcoin.
  • Genghis and Faida Investment maintains its long term hold on Kenya Re.

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