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 Private finance in mortgages has simply been withdrawn, and *the bill seeks to empower Treasury/Government to buy shares into these companies should they run into trouble*.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
Kudos Bill - you are moving and shaking - keep it up! Regards, Mblayo On Mon, Jul 28, 2008 at 11:35 AM, Bill Kagai <billkagai@gmail.com> wrote:
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 ...
[Message clipped] _______________________________________________ kictanet mailing list kictanet@lists.kictanet.or.ke http://lists.kictanet.or.ke/mailman/listinfo/kictanet
This message was sent to: blongwe@gmail.com Unsubscribe or change your options at http://lists.kictanet.or.ke/mailman/options/kictanet/blongwe%40gmail.com
-- Brian Munyao Longwe e-mail: blongwe@gmail.com cell: + 254 722 518 744 blog : http://zinjlog.blogspot.com meta-blog: http://mashilingi.blogspot.com
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@gmail.com <mailto:billkagai@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
...
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-- Brian Munyao Longwe e-mail: blongwe@gmail.com <mailto:blongwe@gmail.com> cell: + 254 722 518 744 blog : http://zinjlog.blogspot.com meta-blog: http://mashilingi.blogspot.com ------------------------------------------------------------------------
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Thumbs up, Bill..... Eric here On 28 Jul 2008, at 11:35, Bill Kagai 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
-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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This message was sent to: eric@afrispa.org Unsubscribe or change your options at http://lists.kictanet.or.ke/ mailman/options/kictanet/eric%40afrispa.org
Eric M.K Osiakwan Executive Secretary AfrISPA (www.afrispa.org) Tel: + 233.21.258800 ext 2031 Fax: + 233.21.258811 Cell: + 233.244.386792 Handle: eosiakwan Snail Mail: Pmb 208, Accra-North Office: BusyInternet - 42 Ring Road Central, Accra-North Blog: http://blogs.law.harvard.edu/eric/ Slang: "Tomorrow Now"
participants (4)
-
alice -
Bill Kagai -
Brian Longwe -
Eric Osiakwan