Afrigen Capital; Stocks & Investment Insights

Afrigen Capital; Stocks & Investment Insights Providing insights for stocks often considered by investors looking for stability

18/06/2026

AFRIGENS CAPITAL

🌍 GLOBAL MARKETS
Thursday, 18th June 2026.

Global markets closed lower on Wednesday as investors reduced exposure to growth stocks ahead of the U.S. Federal Reserve's policy decision. Technology and semiconductor shares led the decline, weighing heavily on major indices and reflecting increased caution around interest rates and economic growth expectations.

- S&P 500: 7,420.10 (-1.21%)
- Nasdaq Composite: 26,021.66 (-1.34%)
- WTI Crude Oil: US$75.75/bbl (-0.40%)

Top Global Gainers:

- Western Digital (WDC): +3.10%
- Seagate Technology (STX): +2.45%
- UnitedHealth Group (UNH): +1.20%

Top Global Losers:

- Advanced Micro Devices (AMD): -4.90%
- Nvidia (NVDA): -4.20%

Global Investor Note:

Technology hardware and semiconductor stocks experienced broad based selling as investors positioned defensively ahead of key monetary policy guidance. However, select data storage companies outperformed on positive demand expectations, while healthcare stocks continued to provide stability amid market volatility. Investor will remain focused on inflation trends, interest rate expectations and global economic growth indicators.

🇰🇪 KENYAN MARKET: NSE UPDATE
Thursday, 18th June 2026

The Nairobi Securities Exchange recorded a strong and broad based session, supported by increased institutional participation and renewed investor confidence. Equity turnover surged by 61.2% to exceed KES 1.90B, highlighting improving market liquidity and sustained interest in Kenyan equities.

- NASI: 212.91 (+0.63%; YTD +14.11%)
- Market Capitalization: KES 3.531T
- Equity Turnover: KES 1.904B
- Volume Traded: 45.67M Shares

Top NSE Gainers:

- Limuru Tea (LIMT): +9.13%
- Express Kenya (XPRS): +8.21%
- Eveready East Africa (EVRD): +6.86%

Top NSE Losers:

- Uchumi Supermarkets (UCHM): -5.26%
- Africa Mega Agricorp (AMAC): -3.83%

Kenyan Investor Note:

Market sentiment strengthened as investors accumulated positions in large cap banking, manufacturing and consumer counters. East African Breweries (EABL) advanced significantly, contributing strongly to daily turnover, while the banking sector continued to attract both local and foreign investor interest.

⚠️ DISCLAIMER

This report is prepared by Afrigens Capital for informational purposes only and does not constitute investment advice.

17/06/2026

AFRIGENS CAPITAL

🌍 GLOBAL MARKETS
Wednesday, 17th June 2026.

Global equities traded mixed on Tuesday as investors moderated risk exposure ahead of the Federal Reserve's policy decision and Chair Kevin Warsh's inaugural post-meeting press conference. Weakness across technology and semiconductor counters weighed on broader indices, while a sharp decline in energy prices supported overall sentiment.

- S&P 500: -0.57% to 7,511.35
- Nasdaq Composite: -1.15% to 26,376.34
- WTI Crude Oil: -5.80% to US$76.05/bbl

Global Top Gainers:

- Western Digital +9.0%
- Seagate +6.0%
- SpaceX +4.8%

Global Top Losers:

- Fox Corp -16.8%
- Philadelphia Semiconductor Index -5.7%

Global Investor Note:

Crude oil fell sharply as geopolitical risk premiums eased and supply concerns moderated. Financials and value oriented sectors outperformed, while semiconductor stocks led declines, pressuring technology heavy benchmarks. Market participants will remain focused on the Fed's policy outlook and forward guidance.

🇰🇪 KENYAN MARKET: NSE UPDATE
Wednesday, 17th June 2026

The NSE extended its positive momentum on Tuesday, supported by broad based gains and stronger trading activity. Equity turnover rose 23.5% to KES 1.18B, reflecting sustained institutional participation.

- NASI: +0.22% to 211.57 (YTD +13.37%)
- Market Capitalization: KES 3.508T
- Equity Turnover: KES 1.181B
- Volume Traded: 32.58M Shares

NSE Top Gainers:

- Absa NewGold ETF +9.37%
- Eveready East Africa +5.83%
- Uchumi Supermarkets +3.95%

NSE Top Losers:

- Sanlam Kenya -9.31%
- Liberty Kenya Holdings -6.57%
- Nation Media Group -4.48%

Kenya Investor Note:

Market capitalization increased by KES 7.54B, with banking counters and Safaricom accounting for a significant share of trading activity. Investor attention will remain focused on fiscal and macroeconomic developments as the market continues to attract select institutional flows.

⚠️ DISCLAIMER

This report is prepared by Afrigens Capital for informational purposes only and does not constitute investment advice.

16/06/2026

AFRIGENS CAPITAL

🌍 GLOBAL MARKETS
Tuesday, 16 June 2026

Global equities rallied strongly as easing geopolitical tensions and falling oil prices boosted investor sentiment. Technology and semiconductor stocks led the advance amid renewed risk appetite.

- S&P 500: +1.65% to 7,554.29
- Nasdaq Composite: +3.07% to 26,683.94
- WTI Crude Oil: -4.9% to US$83.17/bbl

Top Global Gainers:

- SpaceX (SPCX): +19.6%
- Western Digital (WDC): +16.1%
- Micron Technology (MU): +10.5%

Top Global Losers:

- Fox Corp (FOXA): -16.8%
- Roku Inc (ROKU): -1.9%

🇰🇪 KENYAN MARKET: NSE UPDATE

The Nairobi Securities Exchange rebounded sharply as turnover surged and institutional investors returned to the market. Gains in Safaricom and major banking stocks supported the broader recovery.

- NASI: +1.11% to 211.11 (YTD +13.12%)
- Market Capitalization: KES 3.501T
- Equity Turnover: KES 955.88M
• Volume Traded: 22.98M Shares

Top NSE Gainers:

- Olympia Capital (OCH): +7.98%
- Uchumi Supermarkets (UCHM): +7.27%
- Car & General (CGEN): +5.07%

Top NSE Losers:

- Shri Krishna Overseas (SKL): -6.95%
- Eaagads Ltd (EGAD): -6.33%

⚠️ DISCLAIMER

This report is prepared by Afrigens Capital for informational purposes only and does not constitute investment advice.

15/06/2026

AFRIGENS CAPITAL

🌍 GLOBAL MARKETS
Monday, 15th June 2026.

Global equities ended the week on a positive note as easing geopolitical concerns and lower oil prices supported investor confidence. Market participants remained constructive on risk assets while maintaining selectivity within growth sectors.

- S&P 500: +0.50% to 7,431.46
- Nasdaq Composite: +0.31% to 25,888.84

Top Global Gainers:

- Mosaic (MOS): +7.60%
- Albemarle (ALB): +6.95%
- Seagate Technology (STX): +5.40%

Top Global losers

- Adobe -4.15%
- Carvana -3.80%

Global Investor Note:

Lower energy prices and improving risk sentiment continued to support equity markets heading into today's new trading week.

🇰🇪 KENYAN MARKET NSE UPDATE
Monday, 15th June 2026.

The Nairobi Securities Exchange closed marginally lower as investors maintained a cautious stance ahead of fiscal and liquidity developments. Banking counters remained relatively resilient.

- NASI: -0.03% to 209.04
- Market Capitalization: KES 3.5T

Top NSE gainers:

- Uchumi Supermarket (UCHM): +7.84%
- Eaagads +7.44%
- Sanlam +5.25%

Top NSE losers:

- Jubilee -3.54%
- Scangroup -3.23%

Kenyan Investor Note:

Investors continue to monitor budget implementation, liquidity conditions and corporate earnings for directional market signals.

⚠️ DISCLAIMER

This report is prepared by Afrigens Capital for informational purposes only and does not constitute investment advice.

12/06/2026

AFRIGENS CAPITAL

🌍 GLOBAL MARKETS: Friday, 12th June 2026

Wall Street staged a powerful rebound on Thursday, recording its strongest single session advance in approximately two months as investors returned aggressively to technology and semiconductor stocks following recent market weakness.

- S&P 500: +1.75% to 7,394.30
- Nasdaq Composite: +2.54% to 25,809.66
- Dow Jones Industrial Average: +1.86% to 50,848.75

Global markets top gainers:

- Micron Technology +8%
- Advanced Micro Devices (AMD) +7%
- Intel +6%

Global markets top losers:

- Oracle -8.5%
- Adobe -4%

Global Investor Note:

The Nasdaq led gains, advancing more than 640 points as semiconductor and AI-related stocks rebounded sharply. Improved geopolitical sentiment and extensive short covering activity helped offset concerns surrounding inflation and monetary policy, restoring risk appetite across growth oriented sectors.

🇰🇪 KENYAN MARKET: NSE UPDATE Friday, 12th June 2026.

The Nairobi Securities Exchange remained in focus following the presentation of the KSh 4.82T FY2026/27 National Budget by Treasury Cabinet Secretary.

Macro Highlights:

- FY2026/27 National Budget: KSh 4.82T presented to Parliament.

- Capital Markets Reform: Government proposed exempting foreign investors from KRA PIN requirement when opening CDS accounts, subject to implementation.

- Banking Sector: Family Bank received CMA approval to list on the NSE by introduction, with trading expected to commence on 23 June 2026.

NSE Top gainers:

- Uchumi Supermarkets +1.42%
- Absa Bank Kenya +1.42%
- Investment & Mortgages Bank +1.4%

NSE Top losers:

- Express Kenya -6.50%
- Eaagads -3.74%

Kenyan Investor Note:

The proposed removal of the KRA PIN requirement for foreign investors could significantly enhance market accessibility and support increased foreign portfolio participation.

Meanwhile, Family Bank's forthcoming NSE debut expands the listed banking stocks and reinforces confidence in Kenya's capital markets as authorities continue pursuing reforms aimed at improving liquidity, transparency and market depth.

⚠️ DISCLAIMER

This report is prepared by Afrigens Capital for informational purposes only and does not constitute investment advice.

11/06/2026

AFRIGENS CAPITAL

🌍 GLOBAL MARKETS
Thursday, 11th June 2026.

Wall Street extended its sell off as weakness in AI and semiconductor stocks weighed heavily on sentiment. Concerns over elevated valuations, geopolitical tensions and interest rate expectations pushed major indices lower. Nvidia fell 3.7%, Broadcom declined 5.1%, while Super Micro Computer plunged 28% following a capital raise announcement.

- S&P 500: -1.62% to 7,266.99
- Nasdaq Composite: -1.98% to 25,169.50
- Dow Jones: -1.87% to 49,918.78

Global Top Decliners:

- Super Micro Computer (SMCI): -28.0%
- Broadcom (AVGO): -5.1%

Global Investor Note:

AI and semiconductor stocks drove the market lower, highlighting investor sensitivity to elevated tech valuations. Attention now shifts to inflation data and potential implications for interest rate expectations.

🇰🇪 KENYAN MARKET: NSE UPDATE
Thursday, 11th June 2026.

The Nairobi Securities Exchange closed marginally higher as trading activity strengthened. Equity turnover rose 76.5% to KES 642.9M, supported by robust local participation and foreign investor net inflows of KES 166.4M.

- NASI: +0.03% to 209.10 (YTD +12.07%)
- Market Capitalization: KES 3.468T
- Turnover: KES 642.9M
- Volume: 19.69M Shares

NSE Top Gainers:

- BOC Kenya: +6.18%
- Nation Media Group: +6.37%

NSE Top Losers:

- TPS Eastern Africa: -5.36%
- Olympia Capital: -4.11%

NSE Investor Note:

EABL led market activity with KES 371.3M in turnover and attracted significant foreign investor interest.

⚠️ DISCLAIMER

This report is prepared by Afrigens Capital for informational purposes only and does not constitute investment advice.

10/06/2026

AFRIGENS CAPITAL

🌍 GLOBAL MARKETS UPDATE
Wednesday, 10th June 2026

Global equities closed mixed on Tuesday as selling pressure in technology and semiconductor stocks weighed on sentiment. Investors remained cautious ahead of key U.S. inflation data while monitoring geopolitical developments in the Middle East and their potential impact on energy markets.

U.S. Markets

- S&P 500: -0.26% to 7,386.65
- Nasdaq Composite: -0.97% to 25,678.82
- Dow Jones Industrial Average: +0.17% to 50,872.11
- Russell 2000: +0.40%

Key Market Drivers

- Technology and semiconductor stocks resumed their decline.
- Investors remained cautious ahead of inflation data and interest-rate decisions.
- Defensive sectors outperformed growth oriented equities.
- Oil prices retreated as immediate supply concerns eased.

Global Investor Note

Nasdaq underperformed as investors reduced exposure to high growth technology and AI-linked stocks. Meanwhile, the Dow Jones posted modest gains, reflecting continued rotation into value and defensive sectors. Lower energy prices provided some relief to transportation and airline stocks.

Global Investor Outlook

Markets will remain focused on inflation trends, interest rate expectations and geopolitical developments that could influence energy prices and risk sentiment.

🇰🇪 KENYAN MARKET: NSE UPDATE

The Nairobi Securities Exchange remained under pressure, with major indices closing lower amid reduced trading activity. Banking counters dominated equity trading while secondary bond market activity remained strong.

Market Highlights

- NASI: 209.04 (-0.38%)
- Market Capitalization: KES 3.467T
- Equity Turnover: KES 364.33M
- Equity Volume: 11.75M Shares

NSE Top Gainers

- Africa Mega Agricorp (AMAC): +8.17%
- Nation Media Group (NMG): +6.37%
- Shri Krishna Overseas (SKL): +5.61%

NSE Top Decliners

- Satrix MSCI World Index ETF (STX10): -7.49%
- Olympia Capital Holdings (OCH): -4.11%
- East African Portland Cement (PORT): -3.49%

Kenyan Investor Note:

Market sentiment remained cautious, with Equity Group Holdings, Absa Bank Kenya and KCB Group among the most actively traded counters. Fixed income markets continued attracting institutional investors seeking stable yields amid equity market uncertainty.

NSE Investor Outlook:

Attention will remain on corporate earnings, government borrowing activity and foreign investor participation trends.

⚠️ DISCLAIMER

This report is prepared by Afrigens Capital for informational purposes only and does not constitute investment advice.

09/06/2026

AFRIGENS CAPITAL

🌍 GLOBAL MARKETS: Tuesday, 9th June 2026

Wall Street staged a modest recovery on Monday as technology and semiconductor stocks stabilized, helping major indices rebound from Friday's payroll driven selloff. Investor sentiment improved on renewed confidence in AI-related companies; although gains remained constrained by elevated Treasury yields and ongoing geopolitical uncertainty.

- S&P 500: +0.30% to 7,405.73
- Nasdaq Composite: +0.86% to 25,929.66
- Dow Jones Industrial Average: -0.16% to 50,786.01

Top Global Gainers:

- Nvidia (NVDA): +2.40%
- Broadcom (AVGO): +1.95%
- Micron Technology (MU): +1.50%

Top Global Decliners:

- Southwest Airlines (LUV): -2.40%
- Delta Air Lines (DAL): -2.10%

Global Investor Note:

Technology and semiconductor shares led the market rebound as investors returned to high quality growth names following Friday's correction. The continued expansion of artificial intelligence infrastructure remains a key support for sector valuations. Meanwhile, markets remain attentive to interest rate expectations and geopolitical developments, particularly in the Middle East, which continue to influence energy prices and broader inflation expectations.

🇰🇪 KENYAN MARKET: NSE UPDATE
Tuesday, 9th June 2026

The Nairobi Securities Exchange recorded mild profit taking on Monday following a resilient performance last week. Equity turnover and trading volumes softened, while fixed income activity declined significantly as investors completed allocations from the recent government bond auction.

- NASI: -0.25% to 209.84 (YTD +12.47%)
- Market Capitalization: KES 3.48 Trillion
- Turnover: KES 858.03M
- Volume: 16.20M Shares

NSE Top Gainers:

- Olympia Capital Holdings (OCH): +8.46%
- Car & General (CGEN): +7.96%
- East African Portland Cement (PORT): +7.88%

NSE Top Decliners:

- Africa Mega Agricorp (AMAC): -9.01%
- Standard Group (SGL): -5.42%
- Sanlam Kenya (SLAM): -5.40%

Kenyan Investor Note:

Market breadth was slightly negative, with 20 advancing counters against 25 decliners. Trading activity remained concentrated in largecap stocks, led by East African Breweries (EABL) with KES 325.53M in turnover and Safaricom with KES 195.61M. Notably, foreign investors remained net buyers, recording net inflows of approximately KES 44.78M, primarily accumulating Equity Group Holdings while trimming positions in BAT Kenya.

Continued foreign participation reflects selective confidence in Kenya's banking and consumer sectors despite short-term market consolidation.

⚠️ DISCLAIMER

This report is prepared by Afrigens Capital for internal consumption but shared for informational purposes only. It does not constitute investment advice.

08/06/2026

AFRIGENS CAPITAL

🌍 GLOBAL MARKETS
Monday, 8th June 2026

The Wall Street enters the week on a cautious footing after Friday's broad based selloff, led by technology and semiconductor stocks. On Friday, stronger than expected U.S. employment data reinforced expectations of higher for longer interest rates, prompting a rotation away from growth assets.

- S&P 500: -2.64% to 7,383.74
- Nasdaq Composite: -4.18% to 25,709.43
- WTI Crude Oil: +3.1% to approximately US$93/bbl

Top Global Gainers:

- Globe Life (GL): +3.20%
- Aflac (AFL): +2.60%
- Simon Property Group (SPG): +2.00%

Top Global Decliners:

- Micron Technology (MU): -13.25%
- Broadcom (AVGO): -7.90%

Global Investor Note:

Technology shares remain under pressure following one of the Nasdaq's sharpest declines of the year. Higher Treasury yields continue to challenge growth valuations, while investors rotate toward defensive sectors including healthcare, insurance and real estate. Oil prices strengthened on renewed geopolitical concerns in the Middle East.

🇰🇪 KENYAN MARKET: NSE UPDATE
Monday, 8th June 2026

On Friday, the Nairobi Securities Exchange remained resilient, supported by continued demand for large cap banking and telecom stocks.

- NASI: +0.46% to 210.37 (YTD +12.75%)
- Market Capitalization: KES 3.52 Trillion
- Turnover: KES 1.01 Billion
- Volume: 25.94 Million Shares

NSE Top Gainers were:

- SKL +7.74%
- Jubilee Holdings +6.86%
- Stanbic Holdings +5.36%

NSE Top Decliners were:

- NBV -5.38%
- Unga Group -4.18%

Kenyan Investor Note:

Market sentiment remains constructive, with investors closely monitoring fiscal developments ahead of Finance Bill 2026 deliberations.

⚠️ DISCLAIMER

This report is prepared by Afrigens Capital for internal consumption but shared for informational purposes only. It does not constitute investment advice.

05/06/2026

AFRIGENS CAPITAL

🌍 GLOBAL MARKETS UPDATE. Friday June 5th, 2026

Wall Street retreated as the recent tech led rally lost momentum, driven by profit taking and a moderation in investor risk appetite after strong prior gains.

- S&P 500: -0.74% to 7,553.68
- Nasdaq Composite: -0.89% to 26,853.98
- VIX: 16.4
- WTI Crude: -3% to $92.83

Global Markets Investor Note:

Tech stocks led declines, with semiconductors under pressure after Broadcom earnings disappointed and CrowdStrike extended losses. Oil prices eased as ceasefire talks reduced geopolitical risk premiums.

🇰🇪 KENYAN MARKET: NSE Update.

Nairobi Securities Exchange closed higher, extending steady YTD gains.

- NASI: +0.62% to 209.40 (YTD +12.23%)
- Market Cap: KES 3.5T
- Turnover: KES 1.18bn (+152%)
- Volume: 32.2m shares
- Safaricom: 12.7m shares
- Africa Mega Agricorp: +7.77% to KES 111

NSE Market Investor Note:

Liquidity improved sharply on selective buying in large caps. Focus now remains on proposed Capital Gains Tax changes under the Finance Bill 2026 ahead of the June 30 deadline.

⚠️ DISCLAIMER

This report is prepared by Afrigens Capital for internal consumption but shared for informational purposes only. It does not constitute investment advice.

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