SAFARICOM. Still falling. My target of sub 14.00 remains.

Do fundamentalists realize that the share has been falling despite the stellar results announced recently? Why has the good results not propped up the share as we were made to believe?

The only reason is that fundamentals do not determine the direction of a market. Causality is the opposite way: the market direction determines the direction of fundamentals

Is safaricom not benefiting to some extent with the online learning, online transactions ,home fibre uptake etc .

Yeah. So quiet

Yes
We look at individual counters and position ourselves.

How many of us invest in the NSE Index?
It's a misleading representation for most Wazuans. Means little.

The NSE 20 Share Index is a price weight index calculated as a mean of the top 20 best performing counters. The constituent companies are selected based on a weighted market performance during the period under review based the following criteria:
 Trading activity measures i.e. market capitalization, shares traded, deals/liquidity and turnover
during the period under review are weighed in the ratio of 4:3:2:1 respectively;
 A company must have at least 20% of its shares quoted at the NSE;
 Must have a minimum market capitalization of Kshs. 20 million;
 A company should ideally be a blue chip with superior profitability and dividend record.

Kenya’s stock market hit a new 17-year low in Tuesday’s trading as most stocks continued to suffer losses.

The benchmark NSE 20 Share Index closed at 1,794.6 points, a level last seen on April 28, 2003.

The performance has pushed the current bear market to five-and-a-half years, with the index falling 67.3 per cent from the peak of 5,491.3 points recorded on February 2, 2015.

Since the year begun, Nation Media Group , Bamburi Cement and Nairobi Securities Exchange (the bourse operator) have seen their stocks drop the most by 73.1, 67.1 and 44.9 per cent to trade at Sh10.1, Sh28 and Sh6.7 respectively.

Safaricom, the largest company on the bourse, has also shed 14.7 per cent over the same period to close at Sh26.4 in yesterday’s trading session.

How many of us invest in the NSE Index?
It's a misleading representation for most Wazuans. Means little.

Workers and businesses defaulted on loans worth Sh30 billion in the four months to June when Kenya imposed stringent measures to contain the spread of the coronavirus.

Data from the Central Bank of Kenya (CBK) shows that non-performing loans (NPLs) rose to Sh379.9 billion in June, up from Sh349.9 billion at the end February — the sharpest four-month increase in recent history.

The NPL growth emerged in a period when Kenyans deferred payments on nearly a third of the bankers’ total loans, a pointer that defaults — which is credit that remains unpaid for more than 90 days — could have been worse without the credit rescheduling.

The ratio of NPLs rose from 12.7 per cent in February to 13.1 per cent — the highest since August 2007 when it stood at 14.41 per cent.

Industries and other businesses have since cut down on their activities in response to the infectious disease, leading to job cuts and unpaid leave for retained staff as profitable firms move into losses.

Stocks have fallen in lock step with the index. And the index is derived from individual stocks

@wukan
The list is outdated and needs a review.
Some of the constituent counters have been delisted,suspended from trading and some no longer shine like they used to 5 years ago.