Equities Highlights
On a monthly perspective, the market indices recorded an upward trend with Nairobi All-Share Index increasing by 22.3% m/m.
Foreigners’ participation rose marginally to 61.0% of the total market activity.
Equities market turnover increased 144.0% m/m to KES 11.22Bn in March 2024 from KES 4.60Bn a month prior.
Stock Coverage Updates
We have issued our revised 1-year target valuations for all counters in our coverage.