[kictanet] NSE @ Week19
Bill Kagai
billkagai at gmail.com
Mon May 5 16:38:20 EAT 2008
MediaCorp (c)
*Nairobi Stock Exchange – Authorised Information Vendor
Faida Investment Bank - Licensed Agent*
*Global Overview*
Everybody wants to chat a chap called Jerry Yang. He was offered USD 47.5
Billion for a company called Yahoo which he started 14 years ago and
rejected the offer. Standard & Poor think Yahoo is worth USD 30 Billion and
immediately after rejecting the offer, the investors started throwing their
shares away at losses in Wall Street. Accompanied by his fellow co-founder
David Filo, Yang fueled one of their jets and flew to Seattle to tell Steve
Ballmer that since the Yahoo share had hit a peak of USD 37 way back in
2006, then Microsoft ought to have that price as the bottom line for any
negotiation. Ballmer asked him to sod off. Yang thought the Microsoft share
will plummet in Wall Street but unfortunately it was Yahoo that started
spiraling downwards. Google shot up. We understand Yang has not managed to
sleep as he awaits his shareholders wrath this morning. That's business!! *For
the time being, Google will continue ruling the internet as both Microsoft
and Yahoo look for other ways of 'sharing power'.*
Stocks made a modest gain on Friday after jobs data offered fresh evidence
the economic slowdown is not as severe as feared, but technology shares
faded on a surprise net loss from Sun Microsystems Inc .Wall Street on the
other hand feels that the worst is over and are very bullish for the next
half of the year. The Dow gained 1.29 percent over the course of the week,
the Standard & Poor's 500 index ended up 1.15 percent, and the Nasdaq
composite index rose 2.23 percent. Investors were not convinced, so they
went to the 'god of investment' Warren Buffet to get his comments on this.
The guru did not mince his words. He told them to lower their expectations.
Berkshire Hathaway is now interested in acquiring profitable private
businesses in France, Italy and UK for he believes the U.S. continues to
follow policies that will make the dollar weaken against other major
currencies. His parting shot to the investors in Berkshire – '*As an
investor, you don't need to predict the economic cycle (or even pay much
attention to it). Instead, you should focus on evaluating individual
businesses if you pick your own stocks -- or, simply buy the entire market
in the form of an index fund.* When a shareholder asked for the single best
specific investment idea Buffett could recommend to an individual in his
30s, Buffett said: *"I would just have it all in a very low-cost index fund
from a reputable firm, maybe Vanguard. Unless I bought during a strong bull
market, I would feel confident that I would outperform...and I could just go
back and get on with my work."*
*Zeroing Back Home*
Safaricom excitement has not waned off. Government planned to raise 50
Billion, banks bankrolled investors with hefty loans with one bank reputed
to have loaned approximately Kshs 36 Billion for the IPO. MediaCorp Stock
Detectives are now pondering if this strategy qualifies to be classified as
'predatory lending' since most of the investors are planning to sell the
shares if they hit anything above Kshs 8.00 when trading starts. Nobody
wants to contemplate or entertain the thought that share prices can go up or
down. We cannot make any assumptions here other than hope for the best.
Back at NSE, turnover rose slightly to KSh.1.47bn from KSh.1.45bn posted the
previous week, the number of shares traded stood at 35M against 33M the
previous week. The NSE 20 share index was up 3.02% during the week to
settle at 5364.72. The NSE All share index gained a total of 3.41 points or
3.27% during the week to stand at 107.78. CFC, Equity, Nation Group and
Access Kenya fall in our 'to watch' list for this week.
* *
* *
*Price Movement This Week*
* *
* *
* *
* *
* *
* *
* *
*26th Aprl*
*28th Aprl*
*29th Aprl*
*30th Aprl*
*1st May*
*2nd May*
*Price Change *
*Price Change *
*Shares Traded Last Week*
*Total Shares Issued*
*Agricultural*
*Code*
* *
* *
* *
* *
* *
* *
* *
* *
* *
* *
*Unilever Tea*
*UNLV*
56.00
56.00
0.00
0.00%
-
48,875,000
*Kakuzi*
*KAKZ*
35.25
36.00
36.25
38.00
36.00
0.75
2.13%
8,400
19,599,999
*Rea Vipingo*
*RVPL*
19.65
20.50
20.25
20.75
20.50
0.85
4.33%
89,271
60,000,000
*Sasini*
*STCL*
16.25
16.20
15.65
16.40
16.20
-0.05
-0.31%
154,035
228,055,500
* *
* *
*Commercial & Services*
* *
*Access Kenya Group*
*AKGL*
30.25
30.50
32.25
33.50
34.50
4.25
14.05%
2,839,300
199,885,578
*Car & Gen*
*CAGR*
50.00
50.00
50.00
0.00
0.00%
200
22,279,616
*CMC*
*CMCH*
15.10
15.30
16.15
17.20
18.25
3.15
20.86%
4,575,016
582,709,440
*Hutchings Biemer*
*HUBM*
20.25
20.25
0.00
0.00%
-
360,000
*Kenya Airways Ltd*
*KAIR*
53.50
52.50
53.00
52.50
53.00
-0.50
-0.93%
488,800
461,615,484
*Marshalls***
*MSHL*
44.00
39.75
-4.25
-9.66%
500
14,393,106
*Nation Media Group.*
*NATN*
325.00
327.00
331.00
342.00
338.00
13.00
4.00%
52,950
71,305,260
*Scangroup Ltd*
*SCGP*
29.50
31.00
32.00
33.50
33.50
4.00
13.56%
465,200
160,000,000
*Standard Group Ltd *
*STDG*
53.50
52.50
54.50
54.50
54.50
1.00
1.87%
48,325
73,275,029
*TPS Eastern Africa (Serena) Ltd*
*TPEA*
71.00
72.00
73.50
73.00
76.00
5.00
7.04%
54,675
105,864,742
*Uchumi Supermarkets*
*UCHM*
14.50
14.50
0.00
0.00%
180,000,000
* *
* *
*Financial*
* *
*Barclays Bank*
*BARC*
71.50
72.50
72.50
73.00
72.50
1.00
1.40%
1,593,155
1,357,884,000
*CFC Bank*
*CFCB*
109.00
109.00
115.00
116.00
124.00
15.00
13.76%
801,700
273,684,211
*Diamond Trust*
*DTBK*
92.50
93.00
94.50
96.00
98.50
6.00
6.49%
161,499
163,037,108
*Equity Bank Ltd*
*EQTY*
218.00
227.00
245.00
257.00
252.00
34.00
15.60%
814,500
362,209,905
*Housing Finance*
*HFCK*
43.50
42.00
42.25
42.75
42.00
-1.50
-3.45%
1,183,180
115,000,000
*Centum Limited*
*CENT*
27.75
27.75
29.00
29.00
29.25
1.50
5.41%
1,377,450
549,951,880
*Jubilee Holdings Ltd*
*JBLH*
196.00
198.00
198.00
198.00
198.00
2.00
1.02%
21,900
45,000,000
*K.C.B Bank*
*KCBL*
33.25
33.25
33.50
33.25
33.00
-0.25
-0.75%
7,485,685
1,996,000,000
*Kenya** Re*
*KERE*
16.10
16.45
16.55
16.70
16.95
0.85
5.28%
3,047,251
600,000,000
*National Bank*
*NBKL*
53.00
53.00
53.00
53.00
55.00
2.00
3.77%
858,077
200,000,000
*National Industrial Credit*
*NICB*
65.50
65.50
64.50
64.00
63.00
-2.50
-3.82%
445,234
296,692,383
*Pan Africa Insurance Holdings Ltd*
*PAIH*
80.00
80.00
80.00
0.00
0.00%
700
48,000,000
*Standard Chartered Bank*
*SCBL*
203.00
202.00
203.00
208.00
205.00
2.00
0.99%
64,846
271,967,810
* *
* *
*Industrial & Allied*
* *
*Athi River Mining Ltd*
*ARML*
96.00
97.50
97.50
97.50
98.00
2.00
2.08%
56,910
94,000,000
*BOC (K)*
*BOCK*
160.00
160.00
0.00
0.00%
-
19,525,446
*Bamburi*
*BMBR*
192.00
190.00
190.00
190.00
190.00
-2.00
-1.04%
484,782
362,959,275
*British American Tobacco*
*BATK*
158.00
160.00
159.00
160.00
160.00
2.00
1.27%
77,600
100,000,000
*Carbacid*
*CARB*
137.00
137.00
0.00
0.00%
-
11,326,755
*Crown Berger *
*CRBG*
47.25
46.00
44.75
44.00
42.00
-5.25
-11.11%
42,500
23,727,000
*E.A.Cables*
*EACL*
42.00
43.25
43.50
43.75
44.50
2.50
5.95%
587,200
202,500,000
*E.A.Portland*
*EAPC*
120.00
116.00
116.00
-4.00
-3.33%
200
90,000,000
*E.A.Breweries*
*EABL*
168.00
169.00
170.00
171.00
171.00
3.00
1.79%
299,968
790,774,356
*Eveready East Africa Ltd*
*EEAL*
6.90
6.80
6.75
6.40
6.40
-0.50
-7.25%
245,000
210,000,000
*Kenol*
*KOCL*
92.50
92.50
92.50
92.00
92.00
-0.50
-0.54%
47,400
147,176,120
*K.Pow.& L.*
*KPLC*
209.00
209.00
210.00
210.00
213.00
4.00
1.91%
28,384
79,128,000
*KenGen*
*KEGN*
25.00
26.00
25.75
26.00
25.75
0.75
3.00%
1,936,199
2,198,361,456
*Mumias*
*MSCL*
12.90
12.95
13.15
13.15
13.25
0.35
2.71%
3,780,787
1,530,000,000
*Olympia** Capital Holdings*
*OCHL*
14.05
14.10
14.15
14.30
14.15
0.10
0.71%
106,700
40,000,000
*Sameer Africa Ltd*
*SAMR*
11.85
11.40
11.00
11.70
11.90
0.05
0.42%
280,250
278,342,393
*Total*
*TOTL*
33.50
33.50
33.75
34.00
34.00
0.50
1.49%
379,715
175,064,706
*Unga*
*UNGA*
14.40
14.25
14.25
14.20
14.00
-0.40
-2.78%
31,300
63,090,728
* *
* *
*Alternative Investment Market Sector (AIMS)*
*A.Baumann*
*ABCL*
12.50
12.50
0.00
0.00%
-
3,840,066
*City Trust *
*CITL*
150.00
150.00
0.00
0.00%
-
5,207,558
*Eaagads*
*EAGD*
37.00
37.00
0.00
0.00%
-
8,039,250
*Express *
*EXPK*
21.00
22.00
21.00
21.50
21.50
0.50
2.38%
31,575
35,403,790
*Williamson Tea*
*WTKL*
88.00
88.00
87.50
88.00
0.00
0.00%
2,700
8,756,320
*Kapchorua*
*KTCL*
76.00
76.00
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
**Agricultural Sector
This sector traded 251,000 shares, which accounted for 0.72% of the week's
traded volume. Sasini Ltd eased five cents to close the week at shs.16.20 on
a volume of 154,000 shares. Kakuzi up 4.33% to shs.20.50 moved 89,000
shares.
Commercial and Services Sector
Commercials had 8.5M shares traded, which accounted for 24.32% of the week's
traded volume. CMC Holdings actively moved 4.5M shares at between shs.15.00
and shs.18.75. AccessKenya up 14.05% to shs.34.50 moved 2.8M shares.
Scangroup moved 465,000 shares during the week and closed at an improved
price of shs.33.50
Financial Sector
Financials had 17.8M shares traded and represented 50.94% of the weeks
traded volume. KCB was the week's biggest mover with 7.4M shares changing
hands at between shs.32.25 and shs.34.00. Kenya Re moved 3M shares during
the week at between shs.15.50 and shs.17.40.
Industrial and Allied Sector
This sector had 8.3M shares, which accounted for 23.92% of the week's traded
volume. Mumias Sugar was the most heavily traded counter in this sector,
with 3.7M shares changing hands at between shs.12.90 and shs.13.45. KenGen
up 3.00% to shs.25.75 moved 1.9M shares.
ALTERNATIVE INVESTMENT MARKET SEGMENT (AIMS).
This market segment had 34,000 shares, which accounted for less than 1% of
the week's traded volume. Express Ltd moved 31,000 shares during the week
and closed at shs.21.50.
*Corporate Actions*
29-Apr-08: Crown Berger • Final Dividend: 1.00/= • Books close: 16-Jun-08 •
Payment: 17-Jul-08
28-Apr-08: Standard Group • Interim Dividend: 1.10/= • Books close:
18-Jul-08 • Payment: 15-Aug-08
28-Apr-08: Standard Group • Interim Dividend: 1.10/= • Books close:
11-Jul-08 • Payment: 15-Aug-08
28-Apr-08: Limuru Tea • 1st & Final Dividend: 5.00/= • Books close:
21-May-08
16-Apr-08: ScanGroup • 1st & Final Dividend: 0.90/= • Books close: 20-May-08
• Payment: 19-Jun-08
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
www.mediacorp.co.ke
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