The total amount of Sh82.369 billion indicates increased absorption capacity of our market.
The issuer does not have to begin to pay for funds they do not immediately require, and it also enables them to more easily take advantage of the prevailing interest rates of the time.
The risk is still to the upside depending on further increases in energy prices and the success of the long rains.
I think the index can reach 5,000 points in the next 12 months if companies continue to perform well and we get new listings.
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