[kictanet] Week42 - Nairobi Stock Exchange

Mon Oct 22 01:34:19 EAT 2007

MediaCorp is now an Agent of Faida Securities. This will give us an
opportunity to test our locally developed online trading tools besides the
research we provide.

---------- Forwarded message ----------
From: Stock Detective <stock.detective at mediacorp.co.ke>
Date: Oct 22, 2007 1:16 AM
Subject: Week42 - Nairobi Stock Exchange
To: mediacorp.research at mediacorp.co.ke

(c)

*Nairobi** Stock Exchange – Authorised Information Vendor
** Faida Securities - ** Licensed Agent
*

* 19th October 2007*
*Commercial and Services Sector*

*1) EQUITIES*

The Chairman of NSE, Jimnah Mbaru is convinced that the index graph below
will tear to the roof top by next year to the level of 7,000 points.
MediaCorp Stock Detectives feel that this statement holds water especially
because of the Safaricom IPO effect in the market. Whether it comes this
year or next year, the savvy investor should continue preparing for the
same. The Attorney General has given the legal green light and Treasury
mandarins have rolled up their sleeves and signed the winning bids into
contract. Achieving 1,800 index points in the next year is therefore
possible as the Chairman projects.

The NSE 20-share index was up 5.98% during the week to close at
5175.80points.  Capitalization is also picking up now.

 * MAIN INVESTMENT MARKET SEGMENT (MIMS)*

*Agricultural Sector*
Nothing much to report in this sector. We were really hoping to see more of
branded Sasini tea and coffee retailing in kiosks and supermarkets but it
seems it is really not kicking for this sector though supply is poor in the
market. Company reports in this sector cited rains and other 'acts' of God
in determining profitability but we need to push these companies to show us
the money in terms of branded products up for sale. If Kenyan Coffee is used
to blend and improve other brands, why is this sector slow and disappointing
to investors? We traded 395,000 shares, which accounted for 0.76% of the
week's traded volume. Rea-vipingo up 7.90% to shs.19.80 moved 75,000 shares.
Sasini Ltd moved 269,000 shares at between shs.14.00 and shs.17.00

* Commercial and Services Sector*
Interesting sector this week as all counters had an increase in share price.
Scangroup up Kshs 2 after announcing its partnership with Millward Brown.
Our detectives went deep into google to rake more information for you. We
discovered Milward is internationally recognised in brand, media and
communications research. Millward has a presence in 43 countries and works
with 70 of the top 100 brands in the world. Its time they helped Sasini out.

We had 9.7M shares traded, which accounted for 18.66% of the week's traded
volume. CMC Holdings competitively moved 4M shares at between shs.15.00 and
shs.16.50. Nation Media Group up ten shillings to shs.290.00 sold 75,000
shares. AccessKenya moved 2.4M shares at between shs.16.50 and shs18.90.

* Financial Sector*
The latest entry in this sector was in the news again. Parliament cleared
Equity Bank of any anomalies in their business and as if to rub salt into
the wound, the bank reported a cool after tax profit growing by 126 per cent
to Sh1.2 billion to September on double digit growth in income from loans
and transaction fees, mainly from increased ATM usage. Financials had 26M
shares traded and represented 49.86% of the weeks traded volume. Equity
share gained Kshs 16 this week

CFC is the other interesting case. Shares here are in demand and the counter
closed up Kshs 10 at Kshs 131. The shareholding structure has been complex
but the bottom line is that the South Africans want a piece of the financial
sector in Kenya. So go ahead and buy low and sell high to them at a tidy
profit.

KCB was the week's biggest mover, with 9.9M shares changing hands at between
shs.24.00 and shs.27.00. NIC Bank was up 18.06% to close the week at
shs.170.00 on a volume of 217,000 shares. Kenya Re moved 8.2M shares at
between shs.15.25 and shs.16.00.

* Industrial and Allied Sector*
In this sector, Bamburi Cement announced it will spend kshs 6.7 Billion to
expand its subsidiary in Hima Cement in Western Uganda and double the
plant's capacity. The economy is indeed growing because we are not
satisfying the demand. The Jomo Kenyatta International Airport expansion
programme is actually being slowed due to lack of timely cement delivery.
The economy is growing and and any company doing cem,ent is making money.
You are safe with any of these stocks.

This sector had 12.8M shares, which accounted for 24.58% of the week's
traded volume. Mumias Sugar was the most heavily traded counter in this
sector, with 6.8M shares dealt at between shs.38.50 and shs.45.00. KenGen up
8.82% to shs.27.75 moved 3M shares.

A*LTERNATIVE INVESTMENT MARKET SEGMENT (AIMS).*
This market segment had 154,000 shares, which accounted for 0.29% of the
week's volume. Express Ltd moved 148,000 shares during the week and closed
at shs.23.00.

A*NNOUNCEMENT
Mediacorp is now a licensed agent of Faida Securities Limited. Besides the
in-depth analysis of the market, we will also transact your orders with
speed and diligence. For more details, please email us. info at mediacorp.co.ke
*

Bildad Kagai
MD - MediaCorp Limited

Faida Securities Limited - Licensed Agent
Nairobi Stock Exchange Authorised Information Vendor
Suite B2, Tetu Apartments, State House Avenue
P. O. Box 20311 - 00200
Nairobi, Kenya
Tel. 254 20 272 8332
Fax. Rendered Obsolete
 www.mediacorp.co.ke <http://www.mediacorpafrica.com>
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