Morning Market Brief 10th December 2018

Trading Expectation:
As the week starts off, we expect subdued market turnover as most investors continue to stay out of the market.¬† We anticipate sustained foreign investor domination of the market with interest still on the selling end.¬†¬†Trading is forecast to remain on the key index counters; Safaricom, Equity, KCB and EABL. Additionally, we foresee a lot selling interest on NIC following the previous week’s announcement of a merger with CBA. On other counters, we do not anticipate much activity with prices expected to remain relatively unchanged in the session.

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by Genghis Research