Equities Highlights
- On a monthly perspective, the market indices recorded a downward trend with the Nairobi All Share Index declining by 3.1% m/m.
- Foreigners’ participation dropped substantially to 43.1% of the total market activity.
- Equities market turnover declined 68.7% m/m to KES 5.02Bn in June 2024 from KES 16.04Bn recorded in May 2024.
Stock Coverage Updates
We have issued our revised 1-year target valuations for all counters in our coverage.