NSE | AIB Axys July 2024 Stock Recommendations

On a monthly perspective, the market indices recorded a downward trend with the Nairobi All Share Index declining by 3.1% m/m.
On a monthly perspective, the market indices recorded a downward trend with the Nairobi All Share Index declining by 3.1% m/m.
On a monthly perspective, the market indices recorded an upward trend led by Nairobi All Share Index rising by 6.0% m/m.
Safaricom Group posted a resilient 1.2% growth in FY’24 shareholder net earnings to KES 62.99Bn prompted by better-than-expected operational results in Kenya.
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.
Global Macro Outlook - Global GDP growth slowed to 3.2% in 2023, down from 3.4% estimated a year prior. Growth was however, less-scarred than projected and more uneven across regions – exceeding expectations in some instances, despite several legacy shocks.
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.