Morning Market Brief 20th November 2018
We expect low market activity to continue as foreign investors who have been the dominant traders, trade low volumes. Additionally, local investors are still out of the market, on a wait-and-see approach, starving the market of support as prices continue to fall across the market. We expect activity to remain on the key index counters; Safaricom, Equity and KCB. On Safaricom, we see support at KES 24.0 while on KCB, little support is coming in at KES 38-KES 39 from the local desk, outweighing supply.