4Q20 Equities Market Outlook - The Long Road
Global financial markets steadied at year open levels (MSCI World +0.4% YTD) with 3Q20 gains (+7.5% q/q) softening from the strong rebound in 2Q20 (+17.7% q/q). Sentiment of stronger markets waned during the quarter, as overbought markets in developed countries steadied with increasing chances of a pullback in 4Q20. We see vulnerabilities in markets emanate from emerging risks as the effects of the large 2Q20 policy support normalize, rising geo-political risks and increasing chances of the second wave of the pandemic in most developed markets. Additional policy support and constructive progress on the development of the Covid-19 vaccine are expected to be the key market drivers during the quarter.
Genghis Capital is an innovative and customer focused Investment Bank licensed by the Capital Markets Authority (CMA). Founded in 2008, Genghis is one of the leading investment banks in Kenya. Since its establishment, Genghis has achieved tremendous growth to offer a well-diversified portfolio of financial services that includes:
- i. Securities(Equity/Debt) Trading
- ii. Research
- iii. Wealth Management services
- iv. Investment Advisory & Management via the GenCap Unit Trusts
- v. Corporate Finance & Transaction Advisory services
The Kenyan Capital Markets continue to develop in size, scope and sophistication. With this is an increasing demand for more specialized and personalized brokerage service and we at Genghis Capital are glad to be able to offer you this service. Our strength lies in ensuring our clients are up to speed with developments at the stock market and the economy. Research and technology remains our competitive and comparative advantage hence Experience, Expertise and Professionalism are some of the qualities you can expect from our team.
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