What Investors Expect at NSE in November

Investors at the Nairobi Securities Exchange(NSE) will be on the lookout for third quarter financial reports by Banks and other financial institutions. Keenly watched will be how four banks perform, namely I&M bank, NCBA, Stanbic and Standard Chartered Bank.

Investors will be keen on NCBA, which has been under speculation over its supposedly deal making with South Africa’s Standard Bank.

The UK-based Standard Chartered Bank Kenya(SCBK) will also be under scrutiny as it unwinds from the dilapidating pension payments claims, recently awarded by the Courts.

Investors are also waiting with anticipation, release of the Half-year results for Safaricom PLC, the biggest mover at the bourse. Despite a tough business environment in Ethiopia, the subsidiary and the telco is expected to record improved performance and reward its shareholders with a fat dividend cheque.

Also followed closely will be release of Half year results for Agricultural sector giants Williamson Tea and Kapchorua Tea PLC. It will be interesting to see how the share prices of the two counters respond to the results and post-bonus share issues.

Carbacid Investments Plc is also expected to release its results, with anticipation that this could be early Christmas token for Carbacid investors. It is still in unclear whether the company has finally dropped its BOC takeover bid.

Then, there is results of the KSh 11 billion EABL Medium Term Note that is now on sale. An oversubscription expected as investors rush in for a piece of the pie.