Stock Picks: Recommended Stocks You Can Invest In

As 2016 progresses, the stock market continues being vibrant, posting mixed reactions with some gaining and some losing but according to Genghis Capital, these are some of the companies that you should be watching as you consider investing in the stock market.

Kenya Power and Lighting Company is one such share. The price at recommendation is 11.40 shillings per share with the current price being at 8.70 shillings per share. The 12-month target price is 13.90 shillings per share giving an upside potential of 59.77 percent.

NIC Bank Limited is a strong share to watch for 2016 too. The price at recommendation is 41.50 shillings per share with the current price being at 27.00 shillings per share. The 12-month target price is 51.26 shillings per share giving an upside potential of 89.85 percent.

If not satisfied with NIC, then try Equity Group Holdings Limited which has a price at recommendation of 40.75 shillings per share with a current price of 25.50 shillings per share. The target 12-month price is 44.26 shillings per share giving an upside potential of 73.57 percent.

Kenya Commercial Bank on the other hand has a price at recommendation of 41.00 shillings per share with the current price 27.50 shillings per share. The 12-month target price is 56.79 shillings per share giving an upside potential of 106.51 percent.

The table below shows the performance of selected stocks that are recommended for 2016: