The Nairobi Stock Exchange showed signs of recovery from a prolonged bear run (persistent fall in share prices). Most counters were up on the back of renewed investor confidence in the market, but this was short-lived as prices went on the low towards the end of the week.

Here are some stocks to watch according to analysts at Emerging Africa Capital, the Nairobi-based investment consulting company:

Access-Kenya: The counter inched upwards with demand rising, but at some point the market having no supply. The counter is a good buy for the short to medium investors.

Total: With the company having successfully bided for the assets of a rival marketer, expect action on this counter as punters take up positions. Good stock for speculative buyers.

KCB: The counter continued dominating the market with the volumes moving up. The price is up but still discounted. This is a good buy for the medium to long-term investors.

Safaricom: The mobile phone company has announced half year results, with profit before tax up a marginal 2.2%, which have generated interest on this counter.

Equity Bank: The counter remains a value stock owing to the current low price. With sound fundamentals, the counter is expected to continue drawing savvy investors, especially for sort-term gains as this has been a highly speculative stock.

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