KenGen’s Rally, Shilling’s Perfomance Amidst Global Volatility, and EABL’s Perfomance

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Safaricom Liaison Group ARM Cement

KenGen’s results and dividends drove its rally. The shilling is likely to come down during the week, driven by volatility in global markets which might increase foreign inflow in our markets. Safaricom was the top mover last week, we are waiting to see the effect of Citi’s degrading on the stock due to its regulatory risk. Investor interest in the banking sector is likely to peek as the earnings session start.

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