NSE | AIB Axys July 2024 Stock Recommendations

    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.

     

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    AIB-AXYS Africa
    AIB-AXYS Africa Ltd is the fusion of two established companies; AIB Capital Limited and Apex Africa Capital Limited, both with over 25 years of experience in the Securities market. With the solid reputation and experience of the professional teams, we leverage talent and networks to better service businesses and investors looking to capitalize on the African growth story, and its vibrant financial sector.
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