This might help. http://docdro.id/KwkUpxM

The doc clearly states the top 5:
1. Safaricom
2. EABL
3. Equity
4. KCB
5. Coop

Then on the FTSE website, we look at the last two reviews: http://www.ftse.com/prod...tnotices/?id=NSE-KENYA,
6. KQ (replaced ARM in June 2016)
7. HF (replaced CFC in Dec 2015)

There are 9 banks total since we have 4 of those, there are 5 more (8-12)
There are 2 utilities (13-14)
There is 1 Oil and Gas (15)

So we have just under half the list. Can we decode the remaining ones? This classification might help: https://en.wikipedia.org...lassification_Benchmark

My best guess is:
the remaining banks are the next largest by market cap: Stanchart, barclays, DTB, I&M and CFC
the two utilities are Kengen and Kenya Power.
Oil and gas is KenolKobil

My two cents. Mnaonaje?

@sniper. Good thinking.

@pesa nane. We're talking about FTSE 25 and 15. Uve linked nse 25

chase bank will be the killer bullet to kcb. Only a thief can save another thief. what so rosy in chase bank that a big cat in kcb is seeing in chase bank other than a bottomless pit for shareholders wealth. wait and c.

I can now agree that @hisah was very bold when he asserted that NSE20 index, today 3555 points, downtrend will be very swift sweeping everybody into the abyss including savvy traders by surprise.

Some counters are tempting and therefore buy pole pole in small lots provided the fundies of the company are good/strong #I&M Bank

This bear appears very systematic and kind of a slow burner type. I think every single counter will have its time in the cleaners. That makes for a prolonged/drawn-out sinking till the bottom is reached. It will be slower if it's the small and mid caps taking a beating or faster if it's the heavyweights being hammered. The current run looks focused on those stocks that survived the earlier bloodbath.

How safaricom is holding on is quite amazing. Almost like a lone ranger. Patience needed here to see which way this will sway. Will the bear rope in safaricom?

Coop bank is currently testing support at 15 handle. This level had better hold. Break below will be tough to watch! Potential bear targets are 12.00 then 10 and an extension towards 8.00.

Bear Madness

Having outgunned the previous (2011) bear both in terms of longevity and absolute losses - down 2000 points as opposed to about 1800 points back then - this downturn is close to matching and/or beating it on a relative (%) basis. Surpass that and only the 2008 meltdown would have been more severe.

The bloodletting aside; going forward, how will the market handle a highly suspect(deteriorating) economy, reduced inflows and the probable external crisis (in the short to medium term) in some of the biggest economies which more often than not tend to snowball right into our courtyard?