[kictanet] Fwd: NSE @ Week 31
alice
alice at apc.org
Mon Jul 28 21:16:42 EAT 2008
Great bill. Congratulations.
Brian Longwe wrote:
> Kudos Bill - you are moving and shaking - keep it up!
>
> Regards,
>
> Mblayo
>
> On Mon, Jul 28, 2008 at 11:35 AM, Bill Kagai <billkagai at gmail.com
> <mailto:billkagai at gmail.com>> wrote:
>
> MediaCorp^ © ^
> 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 withdrawn, and *the bill seeks to empower Treasury/Government to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
>
>
>
> ...
>
> [Message clipped]
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>
>
>
> --
> Brian Munyao Longwe
> e-mail: blongwe at gmail.com <mailto:blongwe at gmail.com>
> cell: + 254 722 518 744
> blog : http://zinjlog.blogspot.com
> meta-blog: http://mashilingi.blogspot.com
> ------------------------------------------------------------------------
>
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