KENYAN MARKET
The Week in Numbers
Equity Market
Equity markets were generally down during the week. The benchmark NSE 20 Index fell by 1.12% to 3,790.54 points. Trading was lower compared to the previous week, share volume was down by 27.51%. The market lost about KES 12.567Bn roughly USD 0.123Mn. Below is a five year chart showing the trend of the NSE 20 index:
Source: Bloomberg
Average Sector P/E
| Sector | Current Week P/E | Previous Week P/E |
| Agriculture | 16.19 | 16.15 |
| Automobiles & Accessories | -13.13 | -13.61 |
| Banking | 7.54 | 7.51 |
| Commercial & Services | -3.09 | -3.17 |
| Construction & Allied | 6.94 | 6.90 |
| Energy & Petroleum | 3.80 | 3.87 |
| Insurance | 8.00 | 8.01 |
| Investment | 6.97 | 7.50 |
| Investment Services | 10.56 | 11.03 |
| Manufacturing & Allied | 30.62 | 30.05 |
| Telecommunication & Technology | 19.75 | 20.25 |
Source: NSE
Top Movers (Turnover)
| Counter | Price | USD Millions |
| EABL | 281.00 | 7.53 |
| SAFARICOM | 15.80 | 5.88 |
| BAMBURI | 180.00 | 2.47 |
| EQUITY GROUP | 39.75 | 2.28 |
| KCB BANK | 39.50 | 2.07 |
Source: NSE, Kenyan Wall Street
Bamburi Cement had increased foreign activity. 1,415,800 shares were traded during the week and was up by 2.86% to close at KES 180.00 just slightly below 1.64% from its 52 week high of KES 183.00. Bamburi has a current dividend yield of 6.67% which is above the threshold of 5% which is assumed foreign investors look at. Half year 2015 earnings were up 55% in USD Terms compared to 2014 which makes Bamburi attractive. Bamburi is yet to publish its FY 15 earnings.
Source: Financial Times
Liquid Counters
| Counter | Shares Traded |
| SAFARICOM | 37,806,000 |
| EQUITY | 5,803,700 |
| KCB | 5,309,600 |
| KENOL KOBIL | 3,062,200 |
| MUMIAS | 2,852,600 |
Source: NSE, Kenyan Wall Street
Gainers
We take a closer look at Barclays Bank of Kenya which gained 3.7% to close the week at KES 12.70. It has a dividend yield of 7.87% and has a trailing P/E of 8.25. Barclays celebrated 100 years in Kenya during the week. In celebrating this historic moment we give you the following BBK charts to ponder:
Losers
Trans-Century touched an all-time low of KES 5.70. TCL is under pressure as it has a debt of KES 8Bn which currently seems difficult settle. Have a look at TCL’s chart since listing below:
Source: Financial Times
Fixed Income Market
Turnover in the debt market increased by 44% to KES 5.810Bn. 62 deals were executed during the week. The 9Yr Infrastructure bond had the most trades by value it had a turnover of KES 2.1Bn representing roughly 36% of the total value traded. It had an average traded yield of 14.6187%.
Kenya’s central bank to sell 5-yr and 10-yr Treasury bonds in Feb
Kenya’s central bank said on Friday (12th) it will sell five-year and 10-year Treasury bonds worth 25 billion shillings ($245.82 million) in February.
The bank said in a statement it will receive bids for the two bonds between Feb. 12 and Feb. 23, and auction them on Feb. 24. (Reuters)
Market News
CBK discloses Lending rates of all the 42 banks
Centum appoints Ex-PWC Director, Samuel Kariuki as CFO
TransCentury launches Pothole patching technology as Share Price hits lowest level since listing
US Congress calls for investigation into BAT Bribery Scandal
Centum Investment Company Analysis
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