is the bear home for christmas?
DESCRIPTION
NSE, Fixed Income, Equities, Commodities, CurrencyTRANSCRIPT
Bloomberg: GNCP <GO> www.genghis-capital.com
Weekly Market Monitor - No. 01
Genghis Capital Research: Equities, Fixed Income, Currency, Commodities
Themes: Momentum Building, Yield Upturn, Transmission of Global Uncertainty & Risks...
Equities: Is The Bear home for Christmas?? 3
Fixed Income: Yields trend lower… 8
Currency: The KES closed the week stronger 11
Commodities: Bearish outlook on oil… 12
Weekly Market Monitor - No. 48/2012
Genghis Capital Research: Equities, Fixed Income, Currency, Commodities
Weekly Market Monitor - No. 48
2
Executive Summary
Themes: Declining return across all asset classes due to bearish outlook on major economies...
Equities: Is the Bear Home for Christmas? The NSE gave away last week’s gains to close 2% lower. The NSE 20
Share Index lost 83 points closing at 4083.52. The NASI was down 92.2% as the FTSE 15 and FTSE 25 were down
2.68% and 2.42% respectively.Foreign investor participation increased to 61.2% in the week with an increased net
inflow at Kes.839Mn. Market Capitalization marginally decreased toKes.1.234Tn.
Fixed Income: Yields trend lower...The FTSE Bond Index on the other hand was down 1.50 points from 96.364 to
94.863. Yields extended their downward trend with the 91-Day closing at 8.45%, 182-day T-Bill at 9.34% and the
364-Day T-Bill at 11.71%.
Currency: KES closes the week stronger... It managed to appreciate most against the Uganda Shilling (+1.09%)
followed closely by the Euro (+0.71%). It lost ground to the Rupee (-2.15%) and to the South African Rand (-0.5%)
Commodities: Bearish Outlook on Oil... Brent Crude Oil lost to close at USD 111.23 against USD.113.36
observed last week. We see further price declines in the offing driven by decreasing economic output from
both the US (budget cut driven) and Eurozone (debt crisis driven).
Weekly Market Monitor - No. 48
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Equities:
Is the Bear Home for Christmas?
The NSE gave away last week’s gains to close 2% lower. The NSE 20 Share Index lost83 points closing at 4083.52. The NASI
was down 92.2% as the FTSE 15 and FTSE 25 were down 2.68% and 2.42% respectively.The FTSE Bond Index on the other
hand was down 1.50 points from 96.364 to 94.863.Foreign investor participation increased to 61.2% in the week with an
increased net inflow at Kes.839. Market Capitalization marginally decreasedtoKes.1.234Tn.The week’s top gainer was
Sameer Africa which gained 14.08%.The biggest loser was Mumias Sugar Company, which saw its value decline 11.5%.
Safaricom was the most traded counter for the second week in a row, moving 166, 125, 700 shares.
"All intelligent investing is value investing -- acquiring more that you are paying for. You must value the business in order to value the stock." -Charlie Munger, Business Magnate, Vice Chair Berkshire Hathaway and Investor.
This week’s trading highlights are summarized below:
Table 1: NSE Performance Table 2: NSE Index Performance, Turnover
Equity Volume
Safaricom Ltd 166,125,750
Kenya Commercial Bank Ltd 8,770,700
Equity Bank Ltd 6,448,000
Co-operative bank of Kenya Ltd 5,151,800
Kengen Co. Ltd 4,128,100
Top Traders
NSE 20 Share Index, Equity Turnover
Chart 2: Captures the trend of the Nairobi Stock Exchange – NSE 20 Share Index vs. Equity Turnover. There is a turn in Momentum due to
increased distribution pressure on the bourse. The NSE 20 share index breached the 4,100 level on the last day of the week.
130,000,000
330,000,000
530,000,000
730,000,000
930,000,000
1,130,000,000
1,330,000,000
1,530,000,000
1,730,000,000
1,930,000,000
2,800
3,000
3,200
3,400
3,600
3,800
4,000
4,200
4,400
4,600
4,800
3-Jan-11 3-Apr-11 3-Jul-11 3-Oct-11 3-Jan-12 3-Apr-12 3-Jul-12 3-Oct-12
Equity Turnover NSE 20 Share Index
Equity Price (KES) % Change
Sameer Africa Ltd 4.05 14.08%
Carbarcid Investments 124.00 8.77%
Kapchorua Tea Co Ltd 125.00 4.17%
Unga Group Ltd 13.70 2.24%
E.A Cables Ltd 11.65 2.19%
Equity Price (KES) % Change
Mumias Sugar Co Ltd 5.00 11.50%
Eveready E.A Ltd 1.80 10.00%
Eaagards Ltd 22.50 9.09%
Kenya Commercial Bank 27.75 7.50%
Barclays Bank of Kenya 14.50 5.54%
Gaining Stocks
Losing Stocks
Index Previous Today % change
NASI 93.47 92.20 -1.36%
NSE 20 Share 4166.55 4083.52 -1.99%
FTSE NSE 15 123.44 120.13 -2.68%
FTSE NSE 25 125.96 122.91 -2.42%
Market Summary
Weekly Market Monitor - No. 48
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Table 3: NSE Performance
Week 47 Week 48 % Change
Market Cap. (Kes.Bn) 1,246.18 1,234.47 -0.94%
Equity T/O: (Kes.Mn) 3,238.16 2,196.70 -32.16%
Bond T/O: (Kes.Mn) 5,108.50 8,116.20 58.88% Source: NSE, Genghis Capital
Our weekly segmental analysis (Table 4) shows an overall declinein market performance this
weekwith only threesectors gaining in value. The market as a whole lost 0.48%weighed down by the
loss of value in 7 segments.
The Automobiles and Accessories Segment was the best performer this week gaining 3.52%. This
performance is attributed to Sameer E.A Ltd (NSE: FIRE) gaining 14.08% to VWAP Kes.4.05 up from
last week’s close of Kes.3.55.
The Banking Segment slumped to the bottom, down 2.70% dragged down Barclays Bank of KenyaLtd
(NSE: BBK) which was down 5.54% to close at Kes.14.50 from Kes.15.53.
NSE Segment Performance
Table 4: Weekly Segmental Price Performance Analysis
Source: NSE & Genghis Capital
Sector Constituents % change
AUTOMOBILES & ACCESSORIES 4 3.52%
TELECOMMUNICATION & TECHNOLOGY 2 0.56%
CONSTRUCTION & ALLIED 5 0.23%
INVESTMENT 4 -0.41%
COMMERCIAL AND SERVICES 9 -0.71%
MANUFACTURING & ALLIED 9 -1.17%
AGRICULTURALS 7 -1.18%
INSURANCE 6 -1.24%
ENERGY & PETROLEUM 4 -1.66%
BANKING 10 -2.70%
60 -0.48%
Weekly Market Monitor - No. 48
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NSE P/E Analysis
Seven sectors closed in value territory in the week. The Advance/Decline ratio exhibited an investors’
selling sentiment at 13/30.
Table 5: NSE P/E Analysis
Sector P/E Sector P/E
Week 47 Week 48
Agricultural 7 3.63 3.59 -1.10%
Automobiles & Accessories 4 NM NM NM
Banking 10 8.72 8.44 -3.21%
Commercial & Services 9 9.67 9.50 -1.76%
Construction & Allied 5 15.65 15.59 -0.38%
Energy & Petroleum 4 7.10 6.98 -1.69%
Insurance 6 10.90 10.74 -1.47%
Investment 4 10.44 10.39 -0.48%
Manufacturing & Allied 9 15.46 15.65 1.23%
Telecommunication & Technology 2 15.56 15.56 0.00%
Main Market P/E 60 10.76 10.76 0.00%
Sector Constituents % Change
Source: NSE
Foreign Investor Activity
Foreign investor activity increased to 61.28% from 48.6% of total turnover reinforcing the upward trend
that has been observed over the last 4 weeks.
Total net inflows at the end of the week stood at Kes.839.33Mn compared to Kes.821.59Mn last week.
Table 6: Weekly Foreign Equity Turnover Summary (Fig in KES)
Day Buy Sell Net Inflows
(Outflows)
Total NSE
Turnover
Foreign T/O (% of
Total NSE (T/O)
Mon 258,269,322.50 67,240,370.00 191,028,952.50 586,333,903.00 55.52%
Tue 223,128,737.50 180,590,082.50 42,538,655.00 560,182,919.00 72.07%
Wed 130,444,720.00 88,457,805.00 41,986,915.00 325,261,948.00 67.30%
Thur 140,207,057.50 56,443,992.50 83,763,065.00 363,550,782.00 54.09%
Fri 130,794,687.50 70,447,055.00 60,347,632.50 361,361,422.00 55.69%
TOTAL 882,844,525.00 463,179,305.00 419,665,220.00 2,196,690,974.00 61.28%
Foreign Equity Turnover
Source: NSE & Genghis Capital Dealers
Foreign Turnover on the top 5 traded counters accounted for 24.8% of the total weekly foreign investor
activity at the close of Week 48 compared to 21.1% in Week 47.
The purchase activity on these counters accounted for 80.75% of the total foreign buying activity on the
NSE this week. The most actively bought counter was Safaricom Limited (NSE: SCOM) for the third week
in a row.
Weekly Market Monitor - No. 48
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Table 7: Top 5 Foreign Traded Counters - Week 48 (Fig in KES)
Equity Buy Sell Net Inflows
(Outflows)
Total Weekly
Turnover
Safaricom Ltd 784,550,920.00 534,521,785.00 250,029,135.00 659,536,352.50
East African Breweries Ltd 339,864,400.00 70,159,600.00 269,704,800.00 205,012,000.00
Kenya Commercial Bank 219,618,050.00 149,153,975.00 70,464,075.00 184,386,012.50
Equity Bank Ltd 15,152,855.00 15,450.00 15,137,405.00 7,584,152.50
NIC Bank Ltd 66,769,425.00 526,000.00 66,243,425.00 33,647,712.50
TOTAL 712,977,825.00 377,188,405.00 335,789,420.00 545,083,115.00
Source: NSE & Genghis Capital Dealers
Trading Ideas:
The table below shows the performance of selected stocks that Genghis Capital recommended so far in the year 2012.
Table 8: Equity Picks (Fig in KES)
Source: NSE & Genghis Capital
Company
Price at
Recommendation
12 Month
Target Price
Current
Price
Upside
Potential
Return to
Date Recommendation
Centum Investment Co Ltd Ord 0.50 14.55 19.55 12.35 36.83% -15.12% BUY
Equity Bank Ltd Ord 0.50 15.80 19.90 23.75 -19.35% 50.32% SELL
KenolKobil Ltd Ord 0.05 9.80 16.90 14.85 12.13% 51.53% HOLD
NIC Bank Ltd Ord 5.00 26.50 45.50 40.75 10.44% 53.77% HOLD
E.A.Cables Ltd Ord 0.50 11.80 14.55 11.65 19.93% -1.27% BUY
Athi River Mining Ord 5.00 156.00 220.00 218.00 0.91% 39.74% HOLD
Diamond Trust Bank Kenya Ltd Ord 4.00 88.50 123.40 118.00 4.38% 33.33% HOLD
Kenya Commercial Bank Ltd Ord 1.00 18.50 33.10 27.50 16.92% 48.65% HOLD
Uchumi Supermarket Ltd Ord 5.00 7.20 22.25 19.20 13.71% 166.67% HOLD
Nation Media Group Ltd Ord. 2.50 153.00 233.60 234.00 -0.17% 52.94% HOLD
British-American Investments Co (Kenya) Ltd Ord 0.10 4.00 6.25 6.15 1.60% 53.75% HOLD
Bamburi Cement Ltd Ord 5.00 168.00 201.00 179.00 10.95% 6.55% HOLD
The Co-operative Bank of Kenya Ltd Ord 1.00 11.55 13.24 12.15 8.23% 5.19% HOLD
Kenya Re Insurance Corporation Ltd Ord 2.50 10.05 15.35 11.45 25.41% 13.93% BUY
KenGen Co. Ltd Ord. 2.50 8.30 16.25 9.90 39.08% 19.28% BUY
Jubilee Holdings Ltd Ord 5.00 163.00 186.00 170.00 8.60% 4.29% HOLD
Sasini Ltd Ord 1.00 10.90 15.50 12.00 22.58% 10.09% BUY
Housing Finance Co.Kenya Ltd Ord 5.00 13.65 27.00 15.45 42.78% 13.19% BUY
Scangroup Ltd Ord 1.00 49.25 59.60 65.50 -9.90% 32.99% HOLD
Portfolio Return 33.68%
Weekly Market Monitor - No. 48
7
Genghis Index:
Table 10: Investors’ Diary
S
ouSource: NSE & Genghis Capital
Date Firm/Body Description
5th December CBK 182-Day T-Bill Auction
5th December Unga Group Ltd Books Closure; F.D 0.75
5th December KenGen Ltd Books Closure; F.D 0.60
6th December CBK 91-Day T-Bill Auction
7th December NIC Bank Posting of Bonus shares 1:10
Table 9: Genghis Index Performance
Indicator Previous Current % Change
Price Index Performance (%) 0.91% -2.49% N/A
Market Capitalization (Kes.Bn) 1084.938 1073.509 -1.05%
No. of Shares Traded (000) 242 201 -17.09%
P/E Ratio 10.52x 10.33x N/A
Indicator Previous Current % Change
Price Index Performance (%) -0.90% -0.15% N/A
Market Capitalization (Kes.Bn) 144.230 143.954 -0.19%
No. of Shares Traded (000) 25,517 12,502 -51.01%
P/E Ratio 6.11x 6.11x N/A
Indicator Previous Today % Change
Price Index Performance 1.91% -0.20% N/A
Market Capitalization (Kes.Bn) 13.300 13.370 0.53%
No. of Shares Traded (000) 4,794 1,114 -76.77%
P/E Ratio 9.72x 9.74x N/A
Genghis Large-Cap Index
Genghis Mid-Cap Index
Genghis Small-Cap Index
Source: Genghis Capital
Source: NSE & Genghis Capital
Large-Cap Index
The index lost 2.49% in terms of price performance
with market capitalization following suit to
Kes.1,073Bn.
East African Breweries Ltd (NSE: EABL) was the
segment’s best performing counter gaining +2.07% -
VWAP Kes.247.
Mumias Sugar Co. Ltd (NSE: MSC) closed 11.5% lower at
VWAP Kes.5.00.
Mid-Cap Index
Price performance declined 0.15% this week with
market capitalization flat at Kes.144Bn.
Carbacid Investments Ltd (NSE: CARB) was the
segment’s best performer this week up 8.77% - VWAP
Kes.124.
Total Kenya Ltd (NSE: TOTL) was the sector’s worst
performing stock shedding 3.62% to close with a VWAP
of Kes.13.30.
Small-Cap Index
Sameer Africa Ltd (NSE: FIRE) remained the segment’s
best performer advancing 14.08% to VWAP Kes.4.05.
Eveready East Africa Ltd (NSE: EVER) was the worst
performing stock down -10.00% VWAP Kes.1.80.
Weekly Market Monitor - No. 48
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Fixed Income:
Yields Extend South…
Money Markets: Data from the CBK indicated that the average interbank rate closed the week
at 6.24%.
Primary Markets: The results of the 91-Day and 182-Day T-Billsare shown below. In the coming
week treasury will auction t-bills worth Kes.7Bn.
Table 11: Week 48 Auction Results
Weighted Avg. Rate
Tenor Last Latest Change (bps) Subscription Rate
91 Day 8.987% 8.445% 54.2 196%*
182 Day 9.773% 9.336% 43.7 361%*
364 Day 11.943% 11.709% 23.4 106%*
Source: CBK, Genghis Capital *absolute terms
Secondary Markets: Bond Turnover closed 59% higher with a turnover of Kes.8.1Bn as
participationincreased to 145 transactions in the week compared to 77 last week. The fifteen
year still accounted for the bulk of the activity at 30% with a total of 50 deals and a turnover of
Kes.2.4Bn. Infrastructure Bonds had a 19% contribution to bond activity with a turnover of
Kes.1.5Bn.
Table 7: Short -Term Interest Rates, Treasury Notes & CD’s
Tenor Kenya Uganda Tanzania U.S LIBOR (USD)
91 Day 8.45% 9.85% 11.98% 0.09% 0.21%
182 Day 9.34% 14.82% 13.13% 0.15% 0.31%
1 Year 11.71% 14.74% 13.40% 0.18% 0.86%
2 Year 12.50% 14.84% 14.53% 0.25% --
5 Year 11.86% 12.16% 14.49% 0.63% --
10 Year 12.71% 15.28% 15.82% 1.62% --
Source: CBK, BOU, BOT, US Treasury, BBA, Genghis Capital
Weekly Market Monitor - No. 48
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Table 13: Fixed Income Gross Cash-Flows for the Month of December:
Source: CBK, NSE, Genghis Capital Estimates C- Coupon, P – Principal
NSE Yield Curve – Emergence of a flat Yield Curve as yields on the Short Term Paper have taken a dip in recent auctions with long dated
paper remaining stagnated.
0
5
10
15
20
25
1 3 5 7 9 11 13 15 17 19 21 23 25 27 29
6-Jan-12 26-Oct-12
Issue No. Govies
Cash Flow Due Date* Issued
Amount Coupon (%)
Gross - MM
FXD 2/2006/7 C 17-Dec-2012 2,317.95 12.00% 139.08
FXD 2/2007/15 C 17-Dec-2012 7,236.95 13.50% 488.49
FXD 1/2012/10 C 24-Dec-2012 445.60 12.705% 28.31
FXD 2/2010/25 C 24-Dec-2012 20,192.50 11.25% 1,135.83
FXD 4/2010/2 C 24-Dec-2012 8,946.20 4.586% 205.14
FXD 1/2011/1 C 24-Dec-2012 10,000.00 21.408% 1,070.40
FXD 2/2010/15 C 24-Dec-2012 7,329.35 9.00% 329.82
FXD 1/2008/20 C 24-Dec-2012 20,360.35 13.75% 1,399.77
Evolution of the Yield Curve 06/01/2012 to 26/10/2012
Weekly Market Monitor - No. 48
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Currency
KES Rebounds in Week…
Performance: The KES closed the week stronger, gaining against most major pairs. It managed to appreciate most
against the Uganda Shilling (+1.09%) followed closely by the Euro (+0.71%). It lost ground to the Rupee (-2.15%) and
to the South African Rand (-0.5%)
Table 14: Spot & Select Forward Ask Rates
Outright Forward Rates (Ask)
Pair/Cross Week 47 Week 48 Annualized
Volatility* 1M 2M 3M 6M
USD/KES 85.67 85.67 3.58% 86.22 86.87 87.47 89.48
GBP/KES 138.18 137.27 5.30% 138.28 139.29 140.22 143.08
EUR/KES 112.04 111.24 8.33% 112.87 112.97 113.77 116.25
ZAR/KES 9.66 9.71 4.77% - - - -
KES/UGX 30.99 31.33 11.82% - - - -
KES/TZS 18.58 18.68 7.77% - - - -
INR/KES 1.54 1.58 22.43% - - - -
Source: CBK, Bloomberg, Genghis Capital Estimates *5 Day Annualized
Technical Analysis and Outlook: The graph below shows the Kairi Indicator that shows the major turning
points in a trend. The USDKES pair endured oscillating activities earlier in the year but has maintained a
relatively stable performance in the past week despite the pressure. We do anticipate the USDKES 88 level to
be tested in the year.
Weekly Market Monitor - No. 48
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Commodities
Waning oil demand to the next year …
Oil/Fuel: Brent Crude Oil lost to close at USD 111.23 against USD.113.36 observed last week. We see further price
declines in the offing driven by decreasing economic output from both the US (budget cut driven) and
Eurozone (debt crisis driven)
Weekly Market Monitor - No. 48
12
Total Mkt Cap. Dividend
Shares Outstanding Kshs Mn. Yield - %
Safaricom Ltd Ord 0.05 40,000,000,000 200,000,000,000 166,125,700 0.00% 0.32 0.22 15.63 4.40%
East African Breweries Ltd Ord 2.00 790,774,356 195,321,265,932 1,402,800 2.07% 13.46 8.75 18.35 3.54%
Equity Bank Ltd Ord 0.50 3,702,777,020 86,089,565,715 6,448,000 -3.13% 2.79 1.00 8.33 4.30%
Barclays Bank of Kenya Ltd Ord 0.50 5,431,536,000 78,757,272,000 1,782,500 -5.54% 1.49 1.50 9.73 10.34%
Bamburi Cement Ltd Ord 5.00 362,959,275 63,880,832,400 97,100 -0.56% 14.44 10.00 12.19 5.68%
Standard Chartered Bank Kenya Ltd Ord 5.00 309,159,514 72,961,645,304 237,200 0.43% 19.75 11.00 11.95 4.66%
The Co-operative Bank of Kenya Ltd Ord 1.00 4,190,845,080 50,918,767,722 5,151,800 -0.82% 1.53 0.40 7.94 3.29%
Kenya Commercial Bank Ltd Ord 1.00 2,970,249,681 82,424,428,648 8,770,700 -7.50% 3.72 1.85 7.46 6.67%
KenGen Co. Ltd Ord. 2.50 2,198,361,456 21,873,696,487 4,128,100 1.53% 1.28 0.60 7.77 6.03%
British American Tobacco Kenya Ltd Ord 10.00 100,000,000 45,600,000,000 121,500 -0.22% 30.98 30.50 14.72 6.69%
Nation Media Group Ltd Ord. 2.50 157,118,572 35,508,797,272 56,600 -3.42% 12.70 8.00 17.80 3.54%
CFC Stanbic of Kenya Holdings Ltd ord.5.00 395,321,638 16,603,508,796 87,200 -1.75% 5.99 0.00 7.01 0.00%
Kenya Airways Ltd Ord 5.00 1,496,469,034 17,807,981,505 290,100 -2.46% 3.58 0.25 3.32 2.10%
Mumias Sugar Co. Ltd Ord 2.00 1,530,000,000 7,650,000,000 3,446,500 -11.50% 1.32 0.50 3.79 10.00%
Diamond Trust Bank Kenya Ltd Ord 4.00 220,100,096 25,091,410,944 83,900 -3.39% 13.58 1.70 8.39 1.49%
Kenya Power & Lighting Co Ltd Ord 2.50 1,951,467,045 32,199,206,243 733,800 -4.90% 2.36 0.50 6.99 3.03%
Athi River Mining Ord 5.00 99,055,000 21,693,045,000 30,600 -0.45% 11.63 2.00 18.83 0.91%
NIC Bank Ltd Ord 5.00 493,621,953 19,127,850,679 1,938,400 -3.13% 6.72 0.50 5.77 1.29%
1,073,509,274,646 200,932,500 -2.49% 10.33 4.33%
GENGHIS MID CAP MARKET SEGMENT
Centum Investment Co Ltd Ord 0.50 665,441,775 8,251,478,010 1,591,200 1.64% 1.79 0.00 6.93 0.00%
KenolKobil Ltd Ord 0.05 1,471,761,200 21,855,653,820 2,325,200 0.34% 2.21 1.00 6.72 6.73%
Scangroup Ltd Ord 1.00 284,789,128 18,653,687,884 176,400 0.77% 2.55 0.70 25.69 1.07%
National Bank of Kenya Ltd Ord 5.00 280,000,000 4,900,000,000 154,700 -0.28% 3.19 0.40 5.49 2.29%
E.A.Portland Cement Co. Ltd Ord 5.00 90,000,000 3,960,000,000 4,200 0.00% -9.09 0.00 -4.84 0.00%
TPS Eastern Africa Ltd Ord 1.00 148,210,640 5,706,109,640 803,000 0.65% 4.51 1.30 8.54 3.38%
Jubilee Holdings Ltd Ord 5.00 59,895,000 10,122,255,000 41,400 -0.59% 33.00 4.50 5.12 2.66%
CMC Holdings Ltd Ord 0.50 582,709,440 7,866,577,440 0 0.00% -0.31 0.00 -43.55 0.00%
Kenya Re Insurance Corporation Ltd Ord 2.50 700,000,000 7,945,000,000 385,100 -0.87% 3.19 0.35 3.56 3.08%
Housing Finance Co.Kenya Ltd Ord 5.00 235,750,000 3,618,762,500 1,056,800 -1.92% 2.70 1.20 5.69 7.82%
Total Kenya Ltd Ord 5.00 175,028,706 2,327,881,790 44,900 -3.62% 3.05 0.00 4.36 0.00%
Carbacid Investments Ltd Ord 5.00 33,980,265 4,213,552,860 300 8.77% 11.46 5.00 10.82 4.03%
Pan Africa Insurance Holdings Ltd Ord 5.00 96,000,000 3,840,000,000 8,600 0.00% 4.62 2.00 8.66 5.00%
E.A.Cables Ltd Ord 0.50 253,125,000 2,948,906,250 355,200 2.19% 1.15 0.80 10.13 6.87%
AccessKenya Group Ltd Ord. 1.00 208,084,296 946,783,547 302,300 1.11% 0.53 0.00 8.58 0.00%
Standard Group Ltd Ord 5.00 81,481,478 1,935,185,103 2,800 0.00% 2.96 0.00 8.02 0.00%
British-American Investments Co (Kenya) Ltd Ord 0.10 1,891,451,850 11,443,283,693 918,600 -2.42% -1.09 0.15 -5.55 2.48%
CIC Insurance Group Ltd ord.1.00 2,179,615,440 7,410,692,496 2,290,300 -2.86% 0.27 0.09 12.59 2.65%
Uchumi Supermarket Ltd Ord 5.00 265,426,614 5,175,818,973 1,586,900 -0.51% 1.03 0.30 18.93 1.54%
Trans-Century Ltd Ord 0.50 AIMS 273,950,284 6,095,393,819 415,900 -3.26% 1.23 0.25 18.09 1.12%
Sasini Ltd Ord 1.00 228,055,500 2,668,249,350 36,800 0.00% 1.72 1.00 6.80 8.55%
B.O.C Kenya Ltd Ord 5.00 19,525,446 2,069,697,276 1,500 -1.85% 7.71 6.80 13.75 6.42%
143,954,969,450 12,502,100 -0.15% 6.11 2.99%
GENGHIS SMALL CAP MARKET SEGMENT
Sameer Africa Ltd Ord 5.00 278,342,393 1,127,286,692 476,400 14.08% 0.35 0.20 11.57 4.94%
Williamson Tea Kenya Ltd Ord 5.00 AIMS 8,756,320 1,742,507,680 1,800 -0.50% 93.74 57.50 2.12 28.89%
Kakuzi Ltd Ord.5.00 19,599,999 1,332,799,932 33,500 -2.86% 28.06 3.75 2.42 5.51%
Rea Vipingo Plantations Ltd Ord 5.00 60,000,000 1,110,000,000 16,900 0.00% 7.79 1.10 2.37 5.95%
Car & General (K) Ltd Ord 5.00 33,419,424 802,066,176 1,000 0.00% 7.78 0.55 3.08 2.29%
Unga Group Ltd Ord 5.00 75,708,873 1,037,211,560 156,000 2.24% 2.81 0.75 4.88 5.47%
Crown Paints Kenya Ltd Ord 5.00 23,727,000 972,807,000 52,600 0.00% 5.44 1.25 7.54 3.05%
Eveready East Africa Ltd Ord.1.00 210,000,000 378,000,000 322,700 -10.00% -0.59 - -3.05 0.00%
Eaagads Ltd Ord 1.25 AIMS 32,157,000 723,532,500 5,300 -9.09% 1.36 1.25 16.54 5.56%
City Trust Ltd Ord 5.00 AIMS 5,728,314 2,050,736,412 20,100 0.00% 8.45 - 42.37 0.00%
Longhorn Kenya Ltd Ord 1.00 AIMS 58,500,000 579,150,000 3,000 0.00% -0.38 - -26.05 0.00%
Kapchorua Tea Co. Ltd Ord Ord 5.00 AIMS 3,912,000 489,000,000 3,000 4.17% 19.93 7.50 6.27 6.00%
The Limuru Tea Co. Ltd Ord 20.00 AIMS 1,200,000 516,000,000 0 0.00% 33.70 7.50 12.76 1.74%
Express Kenya Ltd Ord 5.00 AIMS 35,403,790 122,143,076 10,600 -1.43% -6.47 - -0.53 0.00%
Olympia Capital Holdings Ltd Ord 5.00 40,000,000 144,000,000 10,500 0.00% 0.38 0.10 9.47 2.78%
Marshalls (E.A.) Ltd Ord 5.00 14,393,106 204,382,105 400 0.00% -11.80 - -1.20 0.00%
Kenya Orchards Ltd Ord 5.00 AIMS 12,868,124 38,604,372 0 0.00% 0.04 - 75.00 0.00%
13,370,227,504 1,113,800 -0.20% 9.74 4.25%
GENGHIS LARGE CAP MARKET SEGMENT EPS DPS P/EPrice Change Total Shares Traded
Weekly Market Monitor - No. 48
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Contacts Moses Waireri,Research Analyst | Tel:+254 20 2774781 | Email: [email protected]
Report By: EvelyneWanjiku, Research Analyst | Tel:+254 20 2774781 | Email: [email protected] Report By: Anthony Kimani, Research Analyst | Tel:+254 20 2774781 | Email: [email protected]
Carol Matu, Head Dealer | Tel: +254 20 2774789 | Email: [email protected] GachanjaWeru, Fixed Income Dealer| Tel:+25420 2774756 | Email: [email protected]
George Guy,Fixed Income Dealer | Tel:+254 20 2774756| Mob: +254 727 142231 | Email: [email protected] Nyawira Waithaka, Equity Dealer | Tel:+254 20 2774777 | Mob: +254 723 693481 | Email: [email protected] Andrew Maina, Senior Equity Dealer | Tel:+254 20 2774789 | Mob: +254 722 667936 | Email: [email protected]
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