Morning Market Brief 11th December 2018

Trading Expectation:
We expect low turnover levels to persist as the holiday draws nearer. Additionally, foreign investors are expected to remain dominant on trades albeit inclined on the selling side. As we anticipate trading to remain on the key index counters; Safaricom, Equity, KCB and EABL, we see offers on Safaricom which might push the counter to close lower. Notably, NIC shed 8.17% in the previous session due to selling pressure which is forecasted to continue into today’s session.

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by Genghis Research