: Driven by strong profit growth, Equity Bank was a key driver of market capitalization. Its share price saw significant surges, reaching near KSh 70 following positive quarterly results.
: Emerging as a strong growth play, KenGen shares rose from roughly KSh 3.64 to KSh 10.25 during this period. Banking and Finance best shares to buy in kenya 2017
: A prolonged drought impacted food and energy prices, driving inflation to a five-year high of 10.3% in March 2017, which dampened overall private sector credit growth. Co-operative Bank of Kenya : Driven by strong profit growth, Equity Bank
: Remained one of the most expensive and highly valued stocks on the exchange, often favored for its insurance market dominance. Recovery and Turnaround Situations Banking and Finance : A prolonged drought impacted
and Standard Chartered Kenya were frequently highlighted for their reliable dividend payouts and established presence.
The year 2017 was a period of significant volatility for the Nairobi Securities Exchange (NSE), primarily due to political uncertainty surrounding the general elections and the subsequent Supreme Court nullification of the presidential results. Despite these headwinds, the market showed a strong rebound from previous years, with the NSE All Share Index (NSEASI) recording a gain of 23.0% year-to-date by November 2017. Top Performers and Blue-Chip Favorites
: Highlighted for its massive year-to-date gains, although it remained a more volatile "penny stock" option for high-risk investors. Market Risks in 2017