[kictanet] Fwd: NSE @ Week 31

[Bill Kagai]

MediaCorp (c)
Empowering Investors**

*Global Overview*

MediaCorp last week finalised an agreement setting ground for establishment
of MediaCorp [UG] Ltd which will now be housed on Plot3, Pan Africa House
along Kimathi Avenue in Kampala. This will help us serve our Uganda Clients
better and also provide Kenyan investors with better intelligence on the
Uganda financial market. MediaCorp [TZ] and MediaCorp Dubai Offices will
also be operational by December 2008.

Dubai is increasingly becoming the *financial hub closest to Nairobi *and
quickly overtaking Johannesburg's relevance more so, due to easier
requirements for visa processing and larger capital base supporting the
emerging new economy in East Africa. MediaCorp in collaboration with our
partner in Dubai will soon be releasing new indices to gauge investment
coming from Asia/Middle East into East Africa.


As Africa continues to privatise national assets in line with *structural
policies of the Bretton Woods institutions*, the mortgage crisis in America
which has hit banks severely *prompts new thinking on how effective this
strategy really is*. In an election year, the U.S. Congress approved a
massive housing market rescue bill on Saturday, offering emergency financing
to mortgage titans Fannie Mae and Freddie Mac, and setting up a USD
300-billion fund to help hundreds of thousands of troubled homeowners.
Though this eases but not ends the crisis, it does prove how critical
Government involvement is in sensitive facets of the economy. Private
finance in mortgages has simply been withdrawn, and *the bill seeks to
empower Treasury/Government to buy shares into these companies should they
run into trouble*. In other words, Nationalisation has gripped America
through the back door and serves as a lesson to African Governments in a
hurry to release national assets to private companies who will quickly fold
in when signs of economic distress become visible.

Fannie Mae and Freddie Mac problems can easily be compared to Rift Valley
Railways which is clearly on its deathbed should the Government fail to
intervene. Running the port and railway as one unit could be the solution
East Africa should be pursuing.


Globally, stocks behaved badly. The Dow Jones industrial average .DJI fell
1.1 percent and the Standard & Poor's 500 Index .SPX slipped 0.2 percent. In
contrast, the Nasdaq Composite Index gained 1.2 percent. Britain's blue-chip
FTSE index ended 0.2 percent lower on Friday, as banking and insurance
stocks fell on a gloomy economic outlook, outweighing gains in commodities
and retail sector shares. In Hong Kong and Tokyo, stocks fell by 2% though
both markets reported the best weekly gains in 3 months.

*Local Highlights*

Nothing much to write home about in the local market. Turnover this week
declined to Kshs.2.3bn from the previous week's Kshs.5.6bn. The number of
shares traded stood at 228M against 231M posted the previous week. The NSE
20-share index was down 1.24% during the week to close at 4963.46 points.
The NSE All share index shaved-off a total of 0.23 points during the week to
stand at 105.71.



*Dividends Update*

BAT • 1st & Final Dividend: 4.50/= • Payment: 5-Sep-08

Olympia • Dividend: 0.20/= • Payment: 11-Aug-08 • Books closed: 23-Jul-08

Centum • 1st & Final Dividend: 0.45/= • Books close: 7-Aug-08 • Payment:
16-Oct-08

Kapchorua • 1st & Final Dividend: 0.50/= • Books close: 25-Jul-08

Williamson Tea • 1st & Final Dividend: 0.50/= • Books close: 25-Jul-08

Kenya Airways • 1st & Final Dividend: 1.75/= • Payment: 24-Oct-08



Agriculture sector traded 187,000 shares, which accounted for 0.08% of the
week's traded volume. Sasini was the most heavily traded counter in this
sector, with 142,000 shares changing hands at between shs.12.80 and
shs.14.00. Rea-vipingo unchanged at shs.18.70 moved 41,000 shares.


Commercials had 209M shares traded, which accounted for 91.95% of the week's
traded volume. Safaricom Ltd was the week's biggest mover with 204M shares
dealt at between shs.6.20 and shs.6.95. CMC Holdings eased fifteen cents to
close the week at shs.19.85 on a volume of 2.8M shares.


Financials had 9.8M shares traded and represented 4.29% of the week's
volume. Equity Bank down 0.32% to shs.307.00 moved 879,000 shares despite
Kshs 3 Billion in profit for H1. KCB actively moved 3.5M shares at between
shs.29.50 and shs.31.00. Centum Investment down 4.81% to shs.24.75 moved
1.6M shares.



Industrial sector had 8.1M shares, which accounted for 3.59% of the week's
volume. KenGen moved 3M shares during the week and closed at shs.24.50.
Mumias Sugar moved 3M shares at between shs.11.00 and shs.12.00.

Alternative Investment Segment moved 209,000 shares, which accounted for
less than 1% of the week's traded volume. Express Ltd down 0.51% to
shs.19.40 sold 200,000 shares.



*NSE Highlights*

* *

* *

*18th July*

*21st July*

*22nd July*

*23rd July*

*24th July*

*25th July*

*Price Change *

*Price Change *

*Shares Traded Last  Week*

*Total Shares Issued*

*Agricultural*

*Code*





















*Unilever Tea*

*UNLV*

45.00

45.00







45.00

0.00

0.00%

                          -

48,875,000

*Kakuzi*

*KAKZ*

34.50

40.00

39.75

35.00



35.00

0.50

1.45%

                  3,800

19,599,999

*Rea Vipingo*

*RVPL*

18.70

19.80

19.40

18.75

18.75

18.70

0.00

0.00%

                 41,764

60,000,000

*Sasini*

*STCL*

13.55

13.75

13.00

13.05

13.15

13.45

-0.10

-0.74%

               142,150

228,055,500

* *

* *





















*Commercial & Services*

* *





















*Access Kenya Group*

*AKGL*

34.25

35.50

35.50

32.50

34.75

33.00

-1.25

-3.65%

            1,531,783

199,885,578

*Car & Gen*

*CAGR*

52.50

50.00

51.00

50.50



51.00

-1.50

-2.86%

                  3,622

22,279,616

*CMC*

*CMCH*

20.00

21.00

20.50

19.95

20.50

19.85

-0.15

-0.75%

          2,854,852

582,709,440

*Hutchings Biemer*

*HUBM*

20.25









20.25

0.00

0.00%

                          -

360,000

*Kenya Airways Ltd*

*KAIR*

48.50

49.00

48.50

47.75

48.75

47.50

-1.00

-2.06%

             295,409

461,615,484

*Marshalls***

*MSHL*

30.00

30.00

30.00



30.00

30.00

0.00

0.00%

                   1,000

14,393,106

*Nation Media Group.*

*NATN*

333.00

345.00

346.00

338.00

344.00

339.00

6.00

1.80%

                64,589

71,305,260

*Safaricom*

*SCOM*

6.20

6.30

6.90

6.45

6.95

6.35

0.15

2.42%

     204,880,376

40,000,000,000

*Scangroup Ltd*

*SCGP*

31.00

32.00

32.25

30.75

32.00

30.50

-0.50

-1.61%

              301,324

160,000,000

*Standard Group Ltd *

*STDG*

57.50

59.00

59.50



60.50

56.50

-1.00

-1.74%

                  12,961

73,275,029

*TPS Eastern Africa (Serena) Ltd*

*TPEA*

69.00

69.00

68.50

67.50

69.50

68.50

-0.50

-0.72%

                30,486

105,864,742

*Uchumi Supermarkets*

*UCHM*

14.50









14.50

0.00

0.00%

                          -

180,000,000

* *

* *





















*Financial*

* *





















*Barclays Bank*

*BARC*

68.50

69.00

68.50

68.50

68.00

67.00

-1.50

-2.19%

             442,420

1,357,884,000

*CFC Bank*

*CFCB*

109.00

115.00

115.00

110.00

111.00

108.00

-1.00

-0.92%

                32,599

273,684,211

*Diamond Trust*

*DTBK*

94.50

95.00

95.00

94.00

95.00

94.50

0.00

0.00%

                99,084

163,037,108

*Equity Bank Ltd*

*EQTY*

308.00

306.00

307.00

302.00

307.00

307.00

-1.00

-0.32%

              879,717

362,209,905

*Housing Finance*

*HFCK*

30.00

32.25

30.50

28.75

28.50

28.75

-1.25

-4.17%

            1,274,218

115,000,000

*Centum Limited*

*CENT*

26.00

26.50

26.75

25.00

26.00

24.75

-1.25

-4.81%

           1,642,000

549,951,880

*Jubilee Holdings Ltd*

*JBLH*

181.00

185.00

185.00

177.00

185.00

179.00

-2.00

-1.10%

                26,250

45,000,000

*KCB*

*KCBL*

30.50

30.25

30.00

30.00

31.00

30.00

-0.50

-1.64%

          3,524,598



*Kenya** Re*

*KERE*

15.95

16.25

16.00

15.70

16.00

15.75

-0.20

-1.25%

           1,239,485

600,000,000

*National Bank*

*NBKL*

65.00

61.00

60.50

63.00

61.50

63.50

-1.50

-2.31%

             398,706

200,000,000

*National Industrial Credit*

*NICB*

58.00

58.50

58.00

56.00

57.50

56.00

-2.00

-3.45%

              188,523

296,692,383

*Pan Africa Insurance Holdings Ltd*

*PAIH*

73.00

70.00



70.00

70.00

70.00

-3.00

-4.11%

                  6,200

48,000,000

*Standard Chartered Bank*

*SCBL*

202.00

204.00

205.00

200.00

208.00

201.00

-1.00

-0.50%

                46,204

271,967,810

* *

* *





















*Industrial & Allied*

* *





















*Athi River Mining Ltd*

*ARML*

113.00

105.00

106.00

112.00

108.00

112.00

-1.00

-0.88%

                 62,801

94,000,000

*BOC (K)*

*BOCK*

160.00









160.00

0.00

0.00%

                          -

19,525,446

*Bamburi*

*BMBR*

195.00

195.00

192.00

192.00

192.00

190.00

-5.00

-2.56%

                  5,570

362,959,275

*British American Tobacco*

*BATK*

158.00

164.00

161.00

160.00

161.00

159.00

1.00

0.63%

                 15,087

100,000,000

*Carbacid*

*CARB*

137.00









137.00

0.00

0.00%

                          -

11,326,755

*Crown Berger *

*CRBG*

38.75

40.00

39.25

38.00

38.75

38.00

-0.75

-1.94%

                 31,400

23,727,000

*E.A.Cables*

*EACL*

38.75

40.25

40.00

38.25

39.50

37.00

-1.75

-4.52%

              172,983

202,500,000

*E.A.Portland*

*EAPC*

115.00





110.00



108.00

-7.00

-6.09%

                      400

90,000,000

*E.A.Breweries*

*EABL*

194.00

191.00

192.00

194.00

197.00

194.00

0.00

0.00%

             393,464

790,774,356

*Eveready East Africa Ltd*

*EEAL*

5.10

5.50

5.75

5.10

5.50

5.40

0.30

5.88%

              199,650

210,000,000

*Kenol*

*KOCL*

90.00

92.50

90.50

89.50

92.50

91.00

1.00

1.11%

             670,257

147,176,120

*K.Pow.& L.*

*KPLC*

203.00

206.00

201.00

198.00

201.00

191.00

-12.00

-5.91%

               142,410

79,128,000

*KenGen*

*KEGN*

24.00

23.50

23.25

23.50

23.25

24.50

0.50

2.08%

           3,013,895

2,198,361,456

*Mumias*

*MSCL*

11.65

12.15

11.95

11.65

11.55

11.20

-0.45

-3.86%

          3,004,576

1,530,000,000

*Olympia** Capital Holdings*

*OCHL*

15.20

15.20

15.35

14.95

15.10

14.55

-0.65

-4.28%

                 71,780

40,000,000

*Sameer Africa Ltd*

*SAMR*

9.00

9.60

9.50

8.95

9.50

9.10

0.10

1.11%

              218,859

278,342,393

*Total*

*TOTL*

32.50

30.25

30.00

32.00

29.75

31.75

-0.75

-2.31%

              149,600

175,064,706

*Unga*

*UNGA*

12.60

13.45

12.65

12.60

12.75

12.45

-0.15

-1.19%

                45,354

63,090,728

* *

* *





















*Alternative Investment Market Sector (AIMS)*





















*A.Baumann*

*ABCL*

11.10









11.10

0.00

0.00%

                          -

3,840,066

*City Trust *

*CITL*

135.00



148.00



150.00

133.00

-2.00

-1.48%

                  2,200

5,207,558

*Eaagads*

*EAGD*

37.00









35.00

-2.00

-5.41%

                  4,800

8,039,250

*Express *

*EXPK*

19.50

19.55

19.05

19.40

19.40

19.40

-0.10

-0.51%

             200,306

35,403,790

*Williamson Tea*

*WTKL*

73.00

73.00

73.00





75.00

2.00

2.74%

                  2,000

8,756,320

*Kapchorua*

*KTCL*

75.00

78.00

80.00



78.00

75.00

0.00

0.00%

                          -

3,912,000

*K.Orchads*

*KEOL*

3.00









3.00

0.00

0.00%

                          -

12,868,124

*Limuru Tea*

*LTCL*

338.00









338.00

0.00

0.00%

                          -

600,000

* *

Bildad Kagai
MD - MediaCorp Limited

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

S - 1°17'13.8"
E - 36°48'22.7"
---
www.mediacorp.co.ke
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