Equities Highlights
- On a monthly perspective, the market indices recorded a mixed trend with the Nairobi All Share Index declining by 1.9% m/m.
- Foreigners’ participation increased to 44.4% of the total market.
- Equities market turnover increased 11.1% m/m to KES 6.51Bn in August 2024 from KES 5.86Bn recorded in July 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 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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