Browsing: 2020 lessons

stock-market

As 2020 finally crawled to a close, uncertainty still overhangs the general market with recent quarters recording subdued market activity and marginal price movements on majority of key index counters. This entrenches 2020’s bearish sentiment with both the NSE All Share Index and NSE 20 Share Index down 11.6% and 32.4% year-to-date (YTD), respectively. Despite the improvement in business environment from the steep dip of 2Q20, markets are now grappling with inherent risks of slower economic recovery, the second wave of the Covid-19 pandemic and heightened political activity heading into 2021. 

Also Read: Is Integration the Solution to Africa’s Stock Exchanges?  

So far during the year just ended, there have been notable out-performers across the market. Carbacid Investments (+47.5%), Kenya Airways (+46.3%) and Absa NewGold Exchange Traded Fund, ETF (+30.8%) gave investors the best returns during the year. Both Carbacid and Kenya Airways rallied on significant