Equities Highlights
On a monthly perspective, the market indices recorded a downward trend with Nairobi All Share Index decreasing by 5.8% m/m.
Foreigners’ participation declined marginally to 53.0% of the total market activity.
Equities market turnover decreased 34.7% m/m to KES 7.33Bn in April 2024 from KES 11.22Bn in March 2024.
Stock Coverage Updates
We have issued our revised 1-year target valuations for all counters in our coverage.