MediaCorp
©
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.
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Price Movement This Week |
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26th Aprl |
28th Aprl |
29th Aprl |
30th Aprl |
1st May |
2nd May |
Price Change |
Price Change |
Shares Traded Last Week |
Total Shares Issued |
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Agricultural |
Code |
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Unilever Tea |
UNLV |
56.00 |
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56.00 |
0.00 |
0.00% |
- |
48,875,000 |
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Kakuzi |
KAKZ |
35.25 |
36.00 |
36.25 |
38.00 |
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36.00 |
0.75 |
2.13% |
8,400 |
19,599,999 |
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Rea Vipingo |
RVPL |
19.65 |
20.50 |
20.25 |
20.75 |
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20.50 |
0.85 |
4.33% |
89,271 |
60,000,000 |
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Sasini |
STCL |
16.25 |
16.20 |
15.65 |
16.40 |
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16.20 |
-0.05 |
-0.31% |
154,035 |
228,055,500 |
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Commercial & Services |
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Access Kenya Group |
AKGL |
30.25 |
30.50 |
32.25 |
33.50 |
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34.50 |
4.25 |
14.05% |
2,839,300 |
199,885,578 |
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Car & Gen |
CAGR |
50.00 |
50.00 |
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50.00 |
0.00 |
0.00% |
200 |
22,279,616 |
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CMC |
CMCH |
15.10 |
15.30 |
16.15 |
17.20 |
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18.25 |
3.15 |
20.86% |
4,575,016 |
582,709,440 |
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Hutchings Biemer |
HUBM |
20.25 |
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20.25 |
0.00 |
0.00% |
- |
360,000 |
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Kenya Airways Ltd |
KAIR |
53.50 |
52.50 |
53.00 |
52.50 |
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53.00 |
-0.50 |
-0.93% |
488,800 |
461,615,484 |
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Marshalls |
MSHL |
44.00 |
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39.75 |
-4.25 |
-9.66% |
500 |
14,393,106 |
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Nation Media Group. |
NATN |
325.00 |
327.00 |
331.00 |
342.00 |
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338.00 |
13.00 |
4.00% |
52,950 |
71,305,260 |
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Scangroup Ltd |
SCGP |
29.50 |
31.00 |
32.00 |
33.50 |
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33.50 |
4.00 |
13.56% |
465,200 |
160,000,000 |
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Standard Group Ltd |
STDG |
53.50 |
52.50 |
54.50 |
54.50 |
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54.50 |
1.00 |
1.87% |
48,325 |
73,275,029 |
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TPS Eastern Africa (Serena) Ltd |
TPEA |
71.00 |
72.00 |
73.50 |
73.00 |
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76.00 |
5.00 |
7.04% |
54,675 |
105,864,742 |
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Uchumi Supermarkets |
UCHM |
14.50 |
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14.50 |
0.00 |
0.00% |
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180,000,000 |
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Financial |
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Barclays Bank |
BARC |
71.50 |
72.50 |
72.50 |
73.00 |
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72.50 |
1.00 |
1.40% |
1,593,155 |
1,357,884,000 |
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CFC Bank |
CFCB |
109.00 |
109.00 |
115.00 |
116.00 |
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124.00 |
15.00 |
13.76% |
801,700 |
273,684,211 |
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Diamond Trust |
DTBK |
92.50 |
93.00 |
94.50 |
96.00 |
|
98.50 |
6.00 |
6.49% |
161,499 |
163,037,108 |
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Equity Bank Ltd |
EQTY |
218.00 |
227.00 |
245.00 |
257.00 |
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252.00 |
34.00 |
15.60% |
814,500 |
362,209,905 |
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Housing Finance |
HFCK |
43.50 |
42.00 |
42.25 |
42.75 |
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42.00 |
-1.50 |
-3.45% |
1,183,180 |
115,000,000 |
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Centum Limited |
CENT |
27.75 |
27.75 |
29.00 |
29.00 |
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29.25 |
1.50 |
5.41% |
1,377,450 |
549,951,880 |
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Jubilee Holdings Ltd |
JBLH |
196.00 |
198.00 |
198.00 |
198.00 |
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198.00 |
2.00 |
1.02% |
21,900 |
45,000,000 |
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K.C.B Bank |
KCBL |
33.25 |
33.25 |
33.50 |
33.25 |
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33.00 |
-0.25 |
-0.75% |
7,485,685 |
1,996,000,000 |
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Kenya Re |
KERE |
16.10 |
16.45 |
16.55 |
16.70 |
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16.95 |
0.85 |
5.28% |
3,047,251 |
600,000,000 |
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National Bank |
NBKL |
53.00 |
53.00 |
53.00 |
53.00 |
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55.00 |
2.00 |
3.77% |
858,077 |
200,000,000 |
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National Industrial Credit |
NICB |
65.50 |
65.50 |
64.50 |
64.00 |
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63.00 |
-2.50 |
-3.82% |
445,234 |
296,692,383 |
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Pan Africa Insurance Holdings Ltd |
PAIH |
80.00 |
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80.00 |
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80.00 |
0.00 |
0.00% |
700 |
48,000,000 |
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Standard Chartered Bank |
SCBL |
203.00 |
202.00 |
203.00 |
208.00 |
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205.00 |
2.00 |
0.99% |
64,846 |
271,967,810 |
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Industrial & Allied |
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Athi River Mining Ltd |
ARML |
96.00 |
97.50 |
97.50 |
97.50 |
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98.00 |
2.00 |
2.08% |
56,910 |
94,000,000 |
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BOC (K) |
BOCK |
160.00 |
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160.00 |
0.00 |
0.00% |
- |
19,525,446 |
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Bamburi |
BMBR |
192.00 |
190.00 |
190.00 |
190.00 |
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190.00 |
-2.00 |
-1.04% |
484,782 |
362,959,275 |
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British American Tobacco |
BATK |
158.00 |
160.00 |
159.00 |
160.00 |
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160.00 |
2.00 |
1.27% |
77,600 |
100,000,000 |
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Carbacid |
CARB |
137.00 |
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137.00 |
0.00 |
0.00% |
- |
11,326,755 |
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Crown Berger |
CRBG |
47.25 |
46.00 |
44.75 |
44.00 |
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42.00 |
-5.25 |
-11.11% |
42,500 |
23,727,000 |
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E.A.Cables |
EACL |
42.00 |
43.25 |
43.50 |
43.75 |
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44.50 |
2.50 |
5.95% |
587,200 |
202,500,000 |
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E.A.Portland |
EAPC |
120.00 |
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116.00 |
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116.00 |
-4.00 |
-3.33% |
200 |
90,000,000 |
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E.A.Breweries |
EABL |
168.00 |
169.00 |
170.00 |
171.00 |
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171.00 |
3.00 |
1.79% |
299,968 |
790,774,356 |
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Eveready East Africa Ltd |
EEAL |
6.90 |
6.80 |
6.75 |
6.40 |
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6.40 |
-0.50 |
-7.25% |
245,000 |
210,000,000 |
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Kenol |
KOCL |
92.50 |
92.50 |
92.50 |
92.00 |
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92.00 |
-0.50 |
-0.54% |
47,400 |
147,176,120 |
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K.Pow.& L. |
KPLC |
209.00 |
209.00 |
210.00 |
210.00 |
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213.00 |
4.00 |
1.91% |
28,384 |
79,128,000 |
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KenGen |
KEGN |
25.00 |
26.00 |
25.75 |
26.00 |
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25.75 |
0.75 |
3.00% |
1,936,199 |
2,198,361,456 |
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Mumias |
MSCL |
12.90 |
12.95 |
13.15 |
13.15 |
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13.25 |
0.35 |
2.71% |
3,780,787 |
1,530,000,000 |
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Olympia Capital Holdings |
OCHL |
14.05 |
14.10 |
14.15 |
14.30 |
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14.15 |
0.10 |
0.71% |
106,700 |
40,000,000 |
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Sameer Africa Ltd |
SAMR |
11.85 |
11.40 |
11.00 |
11.70 |
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11.90 |
0.05 |
0.42% |
280,250 |
278,342,393 |
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Total |
TOTL |
33.50 |
33.50 |
33.75 |
34.00 |
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34.00 |
0.50 |
1.49% |
379,715 |
175,064,706 |
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Unga |
UNGA |
14.40 |
14.25 |
14.25 |
14.20 |
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14.00 |
-0.40 |
-2.78% |
31,300 |
63,090,728 |
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Alternative Investment Market Sector (AIMS) |
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A.Baumann |
ABCL |
12.50 |
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12.50 |
0.00 |
0.00% |
- |
3,840,066 |
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City Trust |
CITL |
150.00 |
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150.00 |
0.00 |
0.00% |
- |
5,207,558 |
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Eaagads |
EAGD |
37.00 |
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37.00 |
0.00 |
0.00% |
- |
8,039,250 |
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Express |
EXPK |
21.00 |
22.00 |
21.00 |
21.50 |
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21.50 |
0.50 |
2.38% |
31,575 |
35,403,790 |
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Williamson Tea |
WTKL |
88.00 |
88.00 |
87.50 |
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88.00 |
0.00 |
0.00% |
2,700 |
8,756,320 |
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Kapchorua |
KTCL |
76.00 |
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76.00 |
0.00 |
0.00% |
- |
3,912,000 |
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K.Orchads |
KEOL |
3.00 |
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3.00 |
0.00 |
0.00% |
- |
12,868,124 |
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Limuru Tea |
LTCL |
338.00 |
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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