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Bloomberg: GNCP <GO> www.genghis-capital.com
Weekly Market Monitor - No. 01
Genghis Capital Research: Equities, Fixed Income, Currency, Commodities
Themes: Momentum Building, Yield Upturn, Transmission of Global Uncertainty & Risks...
Equities: 4,000 Level Breached… 3
Fixed Income:Higher Opportunity Cost for Primary… 8
Currency:KES Stable Supported by Liquidity Mop Ups… 10
Commodities:Demand Concerns Troubles Oil Markets… 11
Weekly Market Monitor - No. 42/2012
Genghis Capital Research: Equities, Fixed Income, Currency, Commodities
Weekly Market Monitor - No. 42
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Executive Summary
Themes: Momentum Building, Yield Upturn, Transmission of Global Uncertainty & Risks...
Equities: 4,000 Level Breached… The NSE 20 Share index closed at 4,034.07 finally breaching the 4,000 level last
touched on June 14th 2011. Improved accumulation activities pushed up the rest of the Indices with the NASI
gaining 1.42 points while the FTSE 15 and 25 Indices closed +1.90% and +1.68% respectively. Equity turnover surged
60% to Kes.1.9Bn in the week as improved share prices boosted market capitalization to Kes.1.17Tn.
Fixed Income: Higher Opportunity Cost for Primary… The 182 Day T-bill was oversubscribed while the 91 Day T-
Bill undersubscribed as banks preferred REPOS which had higher short term returns.
Currency: KES Stable Supported by Liquidity Mop ups… The KES was fairly stable in the week supported by
liquidity mop ups. The national currency’s largest gain was in the INR/KES up 2.287% and KES/TZS pairs both up
0.57%. The largest slip was recorded in the KES/UGX pair -0.67% with the sentiment echoed in the USD/KES pair
down 0.27%.
Commodities: Demand Concerns Trouble Oil Markets… Brent Crude fell USD 4.02 to settle at USD 110.6. Oil
marketers have been balancing on expectations of weak global demand and increased risk of output disruption in
the Middle East. Trades have been long on contracts indicating their perception that there will be a higher upside
effect on oil prices but overall there is so much uncertainty surrounding the market.
Weekly Market Monitor - No. 42
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Equities:
4,000 Level Breached… The NSE 20 Share index closed at 4,034.07 finally breaching the 4,000 level last touched on June 14th 2011. Improved
accumulation activities pushed up the rest of the Indices with the NASI gaining 1.42 points while the FTSE 15 and 25 Indices
closed +1.90% and +1.68% respectively. Equity turnover surged 60% to Kes.1.9Bn in the week as improved share prices
boosted market capitalization to Kes.1.17Tn.
"All intelligent investing is value investing -- acquiring more that you are paying for. You must value the business in order to value the stock." -Charlie Munger, Business Magnate, Vice Chair Berkshire Hathaway and Investor.
This week’s trading highlights are summarized below:
Table 1: NSE Performance Table 2: NSE Index Performance, Turnover
NSE 20 Share Index, Equity Turnover
Chart 2: Captures the trend of the Nairobi Stock Exchange – NSE 20 Share Index vs. Equity Turnover. NSE 20 continues creeping up towards
4,000 closing 5 points shy.
Table 3: NSE Performance
130,000,000
330,000,000
530,000,000
730,000,000
930,000,000
1,130,000,000
1,330,000,000
1,530,000,000
1,730,000,000
1,930,000,000
2,800
3,000
3,200
3,400
3,600
3,800
4,000
4,200
4,400
4,600
4,800
03-Jan-1103-Mar-1103-May-1103-Jul-1103-Sep-1103-Nov-1103-Jan-1203-Mar-1203-May-1203-Jul-1203-Sep-12
Equity Turnover NSE 20 Share Index
Weekly Market Monitor - No. 42
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Week 41 Week 42 % Change
Market Cap. (Kes.Bn) 1,160.40 1,176.27 1.37%
Equity T/O: (Kes.Mn) 1,233.87 1,972.75 59.88%
Bond T/O: (Kes.Mn) 14,563.15 11,633.50 -20.12% Source: NSE, Genghis Capital
Our weekly segmental analysis (Table 4) shows the improvement in market performance this week
with eight sectors gaining value versus only two sectors losing. The market as a whole marginally
gained 0.61% with these developments.
The Insurance segment was the best performing this week gaining 1.46%. This performance was
largely up due to CFC Insurance Holdings Ltd (NSE: CFCI) gaining 6.43% to VWAP Kes.7.45.
The Agricultural segment was at the bottom declining by 1.01% pulled down by Eaagads Ltd (NSE:
EGDS) which was down 10% to close at Kes.49.50.
NSE Segment Performance
Table 4: Weekly Segmental Price Performance Analysis
Source: NSE & Genghis Capital
NSE P/E Analysis
Weekly Market Monitor - No. 42
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Only one sector was not in the value territory in the week. The Advance/Decline ratio was relatively
even at 28/18.
Table 5: NSE P/E Analysis
Sector P/E Sector P/E
Week 41 Week 42
Agricultural 7 3.73 3.97 6.43%
Automobiles & Accessories 4 NM NM NM
Banking 10 8.27 8.48 2.54%
Commercial & Services 9 8.74 9.03 3.32%
Construction & Allied 5 12.60 12.27 -2.62%
Energy & Petroleum 4 7.20 7.27 0.97%
Insurance 6 10.92 10.99 0.64%
Investment 4 9.90 9.98 0.81%
Manufacturing & Allied 9 15.18 15.41 1.52%
Telecommunication & Technology 2 12.78 13.08 2.35%
Main Market P/E 60 10.06 10.08 0.20%
Sector Constituents % Change
Source: NSE
Foreign Investor Activity
Total foreign investor equity turnover as a percentage of the total NSE turnover soared to 53.66% this
week compared to 35.76% at the close of the previous week.
Total net inflows at the end of the week stood at Kes.255.87Mn compared to Kes.212.1Mn last week.
Table 6: Weekly Foreign Equity Turnover Summary (Fig in KES)
Day Buy Sell Net Inflows
(Outflows)
Total NSE
Turnover
Foreign T/O (% of
Total NSE (T/O)
Mon 84,560,742.50 39,741,820.00 44,818,922.50 222,865,251.00 55.77%
Tue 138,981,212.50 27,757,055.00 111,224,157.50 383,675,535.00 43.46%
Wed 104,914,692.50 63,589,375.00 41,325,317.50 390,231,804.00 43.18%
Thur 136,207,275.00 112,547,942.50 23,659,332.50 405,541,570.00 61.34%
Fri 193,569,692.50 158,724,447.50 34,845,245.00 574,303,832.00 61.34%
TOTAL 658,233,615.00 402,360,640.00 255,872,975.00 1,976,617,992.00 53.66%
Source: NSE & Genghis Capital Dealers
Foreign Turnover on the top 5 traded counters accounted for 45.4% of the total weekly foreign investor
activity at the close of Week42 compared to 26% in Week 41.
The purchase activity on these counters accounted for 85.2% of the total foreign buying activity on the
NSE this week. The most actively bought counter was East African BreweriesLtd (NSE: EABL).
Table 7: Top 5 Foreign Traded Counters - Week 41(Fig in KES)
Weekly Market Monitor - No. 42
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Equity Buy Sell Net Inflows
(Outflows)
Total Weekly
Turnover
East African Breweries Ltd 250,357,050.00 107,324,000.00 143,033,050.00 357,681,050.00
Equity Bank Ltd 111,793,681.50 129,945,550.00 -18,151,868.50 241,739,237.50
British American Tobacco (K) Ltd 97,446,700.00 63,399,600.00 34,047,100.00 160,846,300.00
Kenya Commercial Bank Ltd 65,534,775.00 12,849,875.00 52,684,900.00 78,384,650.00
Safaricom Limited 35,621,095.00 23,032,757.00 12,588,338.00 58,653,852.50
TOTAL 560,753,301.50 336,551,782.00 224,201,519.50 897,305,090.00
Source: NSE & Genghis Capital Dealers
Trading Ideas:
The table below shows the performance of selected stocks that Genghis Capital recommended so far in the year 2012.
Table 8: Equity Picks (Fig in KES)
CompanyPrice at
Recommendation
12 Month
Target Price
Current
Price
Upside
Potential
Return to
DateRecommendation
Centum Investments Ltd 14.55 19.55 12.25 37.34% -15.81% BUY
Equity Bank Limited 15.80 19.90 23.75 -19.35% 50.32% SELL
KenolKobil Limited 9.80 16.90 14.20 15.98% 44.90% HOLD
NIC Bank Limited 26.50 45.50 34.50 24.18% 30.19% BUY
EA Cables Ltd 11.80 14.55 11.00 24.40% -6.78% BUY
Athi River Mining Ltd 156.00 220.00 227.00 -3.18% 45.51% HOLD
Diamond Trust Bank Ltd 88.50 123.40 120.00 2.76% 35.59% HOLD
KCB Group Ltd 18.50 27.10 28.75 -6.09% 55.41% HOLD
Uchumi Supermarkets Ltd 7.20 17.25 18.80 -8.99% 161.11% HOLD
Kenya Power & Lighting Co. 15.85 22.00 18.55 15.68% 17.03% BUY
Nation Media Group Ltd 153.00 197.70 219.00 -10.77% 43.14% HOLD
British American Investments 4.00 6.25 6.30 -0.80% 57.50% HOLD
Bamburi Cement Ltd 168.00 201.00 165.00 17.91% -1.79% BUY
Cooperative Bank Limited 11.55 18.50 12.60 31.89% 9.09% BUY
Kenya Reinsurance Corp. 10.05 15.35 12.05 21.50% 19.90% BUY
KenGen Ltd 8.30 16.25 8.65 46.77% 4.22% BUY
Jubilee Holdings Ltd 163.00 186.00 165.00 11.29% 1.23% HOLD
Housing Finance Ltd 13.65 27.00 15.05 44.26% 10.26% BUY
Scangroup Ltd 49.25 59.60 59.00 1.01% 19.80% HOLD
Portfolio Return 30.57%
Source: NSE & Genghis Capital
Genghis Index:
Weekly Market Monitor - No. 42
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Table 10: Investors’ Diary
SS0urce: NSE & Genghis Capital
Date Firm/Body Description
23rd October NIC Listing & Commencement of trading in new shares
24th October CBK 182-Day T-bill Auction
25th October CBK 91-Day T-Bill Auction
26th October EABL Payment of Final Dividend 6.25
Table 9: Genghis Index Performance
Large-Cap Index
The index closed 0.91% higher in terms of price
performance with market capitalization following suit to
Kes. 1,020.Bn.
The Co-operative Bank Ltd (NSE: COOP) was the
segment’s best performing counter +5.88% - VWAP
Kes.12.60.
NIC Bank Ltd (NSE: NIC) closed 4.17% lower at VWAP
34.50.
Mid-Cap Index
Price performance shed 1.43% this week with market
capitalization down to Kes.134Bn.
Uchumi Supermarkets Ltd (NSE: UCHM) was the
segment’s best performer up 6.03% - VWAP Kes.19.35.
Carbacid Investments Ltd (NSE: CARB) was the sector’s
worst performing stock shedding 9.76% to close with a
VWAP of Kes.111.
Small-Cap Index
Williamson Tea Kenya Ltd (NSE: WTK) was the
segment’s best performer advancing 7.50% to VWAP
Kes.215.
Longhorn Kenya Ltd (NSE: LKL) was the worst
performing stock -10.09% VWAP Kes.10.25.
Weekly Market Monitor - No. 42
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Fixed Income:
Higher Opportunity Cost for Primary…
Money Markets: Data from the CBK indicated that the average interbank rate closed the week
higher at 9.737% compared to 8.9161% at the close of the previous week.
Primary Markets: The results of the 91 and 182-Day T-Bill auctions for this week are shown
below. The 182 Day T-bill was oversubscribed while the 91 Day T-Bill undersubscribed as banks
preferred REPOS which had higher short term returns. The regulator intends to raise Kes.8Bn
this week as it auctions the 91 and 182-Day T-Bills.
Table 11: Week 41 Auction Results
Weighted Avg. Rate
Tenor Last Latest Change (bps) Subscription Rate
91 Day 8.962% 9.437% 47.50 88%*
182 Day 10.307% 10.484% 17.77 154%*
Source: CBK, Genghis Capital *absolute terms
Secondary Markets: Bond Turnover closed 20% lower despite increased participation as 206
transactions occurred in the week compared to 143 last week. The 15-Yr bonds accounted for
37% of the total turnover at Kes.5.39Bn in 57 trades.
Table 7: Short -Term Interest Rates, Treasury Notes & CD’s
Tenor Kenya Uganda Tanzania U.S LIBOR (USD)
91 Day 9.44% 9.67% 12.45% 0.11% 0.35%
182 Day 10.48% 10.66% 13.01% 0.15% 0.62%
1 Year 10.57% 10.69% 13.76% 0.18% 0.95%
2 Year 11.11% 14.84% 13.81% 0.27% --
5 Year 11.86% 13.91% 14.49% 0.67% --
10 Year 12.71% 15.28% 14.99% 1.69% --
Source: CBK, BOU, BOT, US Treasury, BBA, Genghis Capital
Weekly Market Monitor - No. 42
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Table 13: Fixed Income Gross Cash-Flows for the Month of October:
Source: CBK, NSE, Genghis Capital Estimates C- Coupon, P – Principal
NSE Yield Curve – Emergence of a flat Yield Curve as yields on the Short Term Paper have taken a dip in recent auctions with long dated
paper remaining stagnated.
0
5
10
15
20
25
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
6-Jan-12 31-Aug-12
Issue No. Govies
Cash Flow Due Date* Issued
Amount Coupon (%)
Gross - MM
FXD 1/2006/9 C 15-Oct-2012 3,060.25 13.50% 206.57
FXD 1/2007/10 C 22-Oct-2012 9,308.80 10.75% 500.35
FXD 1/2009/10 C 22-Oct-2012 4,966.85 10.75% 266.97
FXD 1/2010/10 C 22-Oct-2012 5,895.64 10.75% 316.89
FXD 1/2009/15 C 22-Oct-2012 9,420.45 12.50% 588.78
FXD 1/2007/6 C 22-Oct-2012 5,948.00 11.50% 342.01
FXD 2/2008/5 C 22-Oct-2012 4,095.80 9.50% 194.55
FXD 2/2011/2 C 22-Oct-2012 6,695.71 7.439% 249.05
FXD 4/2008/5 C 22-Oct-2012 10,007.50 9.50% 475.36
FXD 1/2012/2 C 29-Oct-2012 6,468.62 13.826% 447.18
FXD 2/2010/10 C 29-Oct-2012 14,462.47 9.307% 673.01
Evolution of the Yield Curve 13/01/2012 to 31/08/2012
Weekly Market Monitor - No. 42
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Currency
KES Stable Supported by Liquidity Mop Ups…
Performance: The KES was fairly stable in the week supported by liquidity mop ups. There was increased demand
for the greenback from NGO’s and energy importers. The national currency’s largest gain was in the INR/KES up
2.287% and KES/TZS pairs both up 0.57%. The largest slip was recorded in the KES/UGX pair -0.67% with the
sentiment echoed in the USD/KES pair down 0.27%. The local currency is expected to weaken against the USD as
end month dollar demand starts to rise. The EU has resolved to have a single Eurozone bank supervisor, by
January 2013, which will have the power to intervene in any bank in the Eurozone. Once the legal framework is in
place the European stability mechanism will be able to recapitalise struggling banks without adding to a country’s
sovereign debt. This is seen as a step forward towards ending the Eurozone crisis.
Table 14: Spot & Select Forward Ask Rates
Outright Forward Rates (Ask)
Pair/Cross Week 41 Week 42 Annualized
Volatility* 1M 2M 3M 6M
USD/KES 85.05
85.28
2.69% 86.03 86.88 87.78 90.29
GBP/KES 136.96 136.66 4.54% 137.65 139.84 140.47 142.70
EUR/KES 110.53 110.59 10.89% 111.44 112.86 113.83 115.79
ZAR/KES 9.90 9.89 19.21%
%
- - - -
KES/UGX 30.53 30.32 2.22% - - - -
KES/TZS 18.48 18.59 1.28% - - - -
INR/KES 1.61 1.57 17.65% - - - -
Source: CBK, Bloomberg, Genghis Capital Estimates *5 Day Annualized
Technical Analysis and Outlook: The Ichimoku chart below outlines the 1-Yr performance of the EURKES
currency pair. In majority of the period, the conversion line was below the Base line thus the huge pressure
on the EUR. The conversion line recently broke the Base line from below indicating strengthening of the EUR
against the KES.
Weekly Market Monitor - No. 42
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Commodities
Demand Concerns Troubles Oil Markets…
Oil/Fuel: Brent Crude fell USD 4.02 to settle at USD 110.6. Oil marketers have been balancing on expectations of
weak global demand and increased risk of output disruption in the Middle East. Trades have been long on
contracts indicating their perception that there will be a higher upside effect on oil prices but overall there is so
much uncertainty surrounding the market.
Weekly Market Monitor - No. 42
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Total Mkt Cap. Dividend
Shares Outstanding Kshs Mn. Yield - %
Safaricom Ltd Ord 0.05 40,000,000,000 168,000,000,000 18,289,700 2.44% 0.32 0.22 13.13 5.24%
East African Breweries Ltd Ord 2.00 790,774,356 188,995,071,084 2,102,800 1.70% 13.46 8.75 17.76 3.66%
Equity Bank Ltd Ord 0.50 3,702,777,020 87,940,954,225 13,483,800 2.15% 2.79 1.00 8.51 4.21%
Barclays Bank of Kenya Ltd Ord 0.50 5,431,536,000 78,757,272,000 6,670,200 3.20% 1.49 1.50 9.73 10.34%
Bamburi Cement Ltd Ord 5.00 362,959,275 59,888,280,375 168,000 -2.94% 14.44 10.00 11.43 6.06%
Standard Chartered Bank Kenya Ltd Ord 5.00 287,077,133 63,156,969,260 84,800 2.80% 19.75 11.00 11.14 5.00%
The Co-operative Bank of Kenya Ltd Ord 1.00 4,190,845,080 52,804,648,008 5,914,300 5.88% 1.53 0.40 8.24 3.17%
Kenya Commercial Bank Ltd Ord 1.00 2,970,249,681 85,394,678,329 4,873,700 2.68% 3.72 1.85 7.73 6.43%
KenGen Co. Ltd Ord. 2.50 2,198,361,456 19,015,826,594 1,053,700 0.58% 1.28 0.60 6.76 6.94%
British American Tobacco Kenya Ltd Ord 10.00 100,000,000 45,300,000,000 438,100 0.67% 30.98 30.50 14.62 6.73%
Nation Media Group Ltd Ord. 2.50 157,118,572 34,408,967,268 132,500 1.86% 12.70 8.00 17.24 3.65%
CFC Stanbic of Kenya Holdings Ltd ord.5.00 273,684,211 10,468,421,071 9,700 -0.65% 5.99 0.00 6.39 0.00%
Kenya Airways Ltd Ord 5.00 1,496,469,034 17,957,628,408 3,376,700 1.69% 3.58 0.25 3.35 2.08%
Mumias Sugar Co. Ltd Ord 2.00 1,530,000,000 9,333,000,000 8,176,600 0.00% 1.32 0.50 4.62 8.20%
Diamond Trust Bank Kenya Ltd Ord 4.00 220,100,096 26,412,011,520 151,400 0.00% 13.58 1.70 8.84 1.42%
Kenya Power & Lighting Co Ltd Ord 2.50 1,951,467,045 36,199,713,685 3,698,200 1.92% 2.16 0.45 8.59 2.43%
Athi River Mining Ord 5.00 99,055,000 22,485,485,000 42,700 -3.40% 11.63 2.00 19.52 0.88%
NIC Bank Ltd Ord 5.00 394,897,562 13,623,965,889 175,700 -4.17% 6.72 0.50 5.13 1.45%
1,020,142,892,716 68,842,600 0.91% 10.15 4.33%
GENGHIS MID CAP MARKET SEGMENT
Centum Investment Co Ltd Ord 0.50 665,441,775 8,151,661,744 1,509,300 1.66% 1.79 0.00 6.84 0.00%
KenolKobil Ltd Ord 0.05 1,471,761,200 20,899,009,040 2,166,800 0.35% 2.21 1.00 6.43 7.04%
Scangroup Ltd Ord 1.00 284,789,128 16,802,558,552 526,700 5.36% 2.55 0.70 23.14 1.19%
National Bank of Kenya Ltd Ord 5.00 280,000,000 5,166,000,000 112,200 2.50% 3.19 0.40 5.78 2.17%
E.A.Portland Cement Co. Ltd Ord 5.00 90,000,000 4,455,000,000 17,400 3.13% 6.24 0.50 7.93 1.01%
TPS Eastern Africa Ltd Ord 1.00 148,210,640 5,743,162,300 118,300 -1.90% 4.51 1.30 8.59 3.35%
Jubilee Holdings Ltd Ord 5.00 59,895,000 9,882,675,000 25,100 0.00% 33.00 4.50 5.00 2.73%
CMC Holdings Ltd Ord 0.50 582,709,440 7,866,577,440 0 0.00% -0.31 0.00 -43.55 0.00%
Kenya Re Insurance Corporation Ltd Ord 2.50 700,000,000 8,435,000,000 721,200 0.00% 3.19 0.35 3.78 2.90%
Housing Finance Co.Kenya Ltd Ord 5.00 235,750,000 3,548,037,500 438,000 -0.66% 2.70 1.20 5.57 7.97%
Total Kenya Ltd Ord 5.00 175,028,706 2,546,667,672 159,900 -2.68% 3.05 0.00 4.77 0.00%
Carbacid Investments Ltd Ord 5.00 33,980,265 4,111,612,065 300 9.01% 8.89 5.00 13.61 4.13%
Pan Africa Insurance Holdings Ltd Ord 5.00 96,000,000 3,648,000,000 118,600 4.83% 4.62 2.00 8.23 5.26%
E.A.Cables Ltd Ord 0.50 253,125,000 2,784,375,000 372,800 -1.35% 1.15 0.80 9.57 7.27%
AccessKenya Group Ltd Ord. 1.00 208,084,296 977,996,191 1,305,100 0.00% 0.53 0.00 8.87 0.00%
Standard Group Ltd Ord 5.00 81,481,478 2,077,777,689 5,100 6.25% 2.96 0.00 8.61 0.00%
British-American Investments Co (Kenya) Ltd Ord 0.10 1,891,451,850 11,916,146,655 2,874,300 1.61% -1.09 0.15 -5.78 2.38%
CIC Insurance Group Ltd ord.1.00 2,179,615,440 7,628,654,040 2,509,400 -4.11% 0.27 0.09 12.96 2.57%
Uchumi Supermarket Ltd Ord 5.00 265,426,614 4,990,020,343 5,048,400 -2.84% 1.03 0.30 18.25 1.60%
Trans-Century Ltd Ord 0.50 AIMS 273,950,284 0 1,117,200 2.50% 1.23 0.25 16.67 1.22%
Sasini Ltd Ord 1.00 228,055,500 2,542,818,825 49,400 -1.76% 1.72 1.00 6.48 8.97%
B.O.C Kenya Ltd Ord 5.00 19,525,446 1,991,595,492 800 0.00% 7.71 6.80 13.23 6.67%
136,165,345,548 19,196,300 1.22% 6.59 3.11%
GENGHIS SMALL CAP MARKET SEGMENT
Sameer Africa Ltd Ord 5.00 278,342,393 1,043,783,974 37,500 -3.85% 0.35 0.20 10.71 5.33%
Williamson Tea Kenya Ltd Ord 5.00 AIMS 8,756,320 1,838,827,200 12,100 -2.33% 93.74 57.50 2.24 27.38%
Kakuzi Ltd Ord.5.00 19,599,999 1,411,199,928 93,100 -3.36% 28.06 3.75 2.57 5.21%
Rea Vipingo Plantations Ltd Ord 5.00 60,000,000 1,083,000,000 26,500 6.18% 7.79 1.10 2.32 6.09%
Car & General (K) Ltd Ord 5.00 33,419,424 835,485,600 22,200 0.00% 7.78 0.55 3.21 2.20%
Unga Group Ltd Ord 5.00 75,708,873 995,571,680 39,400 1.94% 2.81 0.75 4.68 5.70%
Crown Paints Kenya Ltd Ord 5.00 23,727,000 901,626,000 115,200 8.57% 5.44 1.25 6.99 3.29%
Eveready East Africa Ltd Ord.1.00 210,000,000 346,500,000 49,700 -2.94% -0.59 - -2.80 0.00%
Eaagads Ltd Ord 1.25 AIMS 32,157,000 1,591,771,500 900 -10.00% 1.36 1.25 36.40 2.53%
City Trust Ltd Ord 5.00 AIMS 5,728,314 1,976,268,330 0 0.00% 8.45 - 40.83 0.00%
Longhorn Kenya Ltd Ord 1.00 AIMS 58,500,000 599,625,000 7,400 -2.44% 2.33 1.50 4.29 15.00%
Kapchorua Tea Co. Ltd Ord Ord 5.00 AIMS 3,912,000 489,000,000 1,200 4.17% 19.93 7.50 6.27 6.00%
The Limuru Tea Co. Ltd Ord 20.00 AIMS 1,200,000 540,000,000 300 0.00% 33.70 7.50 13.35 1.67%
Express Kenya Ltd Ord 5.00 AIMS 35,403,790 141,615,160 10,800 -1.23% -6.47 - -0.62 0.00%
Olympia Capital Holdings Ltd Ord 5.00 40,000,000 144,000,000 8,700 0.00% 0.38 0.10 9.47 2.78%
Marshalls (E.A.) Ltd Ord 5.00 14,393,106 188,549,689 30,000 0.77% -11.80 - -1.11 0.00%
Kenya Orchards Ltd Ord 5.00 AIMS 12,868,124 38,604,372 0 0.00% 0.04 - 75.00 0.00%
14,165,428,432 455,000 -0.27% 12.58 4.89%
GENGHIS LARGE CAP MARKET SEGMENT EPS DPS P/EPrice Change Total Shares Traded
Weekly Market Monitor - No. 42
13
Contacts Report By: Moses Waireri,Research Analyst | Tel:+254 20 2774781 | Email: mwaireri@genghis-capital.com
Report By: Evelyne Wanjiku, Research Analyst | Tel:+254 20 2774781 | Email: ewanjiku@genghis-capital.com Anthony Kimani, Research Analyst | Tel:+254 20 2774781 | Email: akimani@genghis-capital.com
Carol Matu, Head Dealer | Tel: +254 20 2774789 | Email: cmatu@genghis-capital.com Gachanja Weru, Fixed Income Dealer| Tel:+25420 2774756 | Email: gweru@genghis-capital.com
George Guy,Fixed Income Dealer | Tel:+254 20 2774756| Mob: +254 727 142231 | Email: gguy@genghis-capital.com Nyawira Waithaka, Equity Dealer | Tel:+254 20 2774777 | Mob: +254 723 693481 | Email: nwaithaka@genghis-capital.com Andrew Maina, Senior Equity Dealer | Tel:+254 20 2774789 | Mob: +254 722 667936 | Email: amaina@genghis-capital.com
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