Market Report for the week ending 17th May 2019 Crested Capital: First Floor of Impala House, Plot 13/15 Kimathi Avenue - P.O. Box 31736, () - Tel +256 414 230 900, Hotline +256 758 230 900

E mail: [email protected], www.crestedcapital.com

Price Previous Week Percentage 12-Month 12-Month Volume Traded (No. DPS Av. Market Cap Symbol Turnover (UGX) Dividend Yield % EPS (UGX) P/E ratio STOCKS (UGX) (UGX) Change High Low Shares) (UGX) (UGX Bn)

LOCAL LISTINGS British American Tobacco Uganda BATU 30,000.00 30,000.00 0.00% 30,000.00 30,000.00 - - 280.00 0.93% 280.00 107.14 1,472.40 Bank of Baroda Uganda BOBU 129.00 129.00 0.00% 160.00 120.00 10,800 1,393,200 7.50 5.81% 19.76 6.53 322.50 Development Finance Company Uganda Ltd DFCU 700.00 700.00 0.00% 970.00 670.00 314,700 220,290,000 68.24 9.75% 142.88 4.90 523.70 CiplaQCIL CQCIL 170.00 170.00 0.00% 262.00 170.00 4,767 810,390 2.98 1.75% 12.22 13.91 620.82 National Insurance Corporation NIC 14.00 14.00 0.00% 19.70 13.50 3,000 42,000 1.00 7.14% 1.41 9.94 19.82 Ltd NVL 334.00 334.00 0.00% 460.00 330.00 100 33,400 25.00 7.49% 30.30 11.02 25.55 Stanbic Uganda Holdings Limited SBU 30.00 30.00 0.00% 33.00 28.09 72,202,397 2,166,061,910 1.76 5.87% 3.92 7.66 1,533.51 Uganda Clays Ltd UCL 16.00 16.00 0.00% 28.00 16.00 3,000 48,000 1.00 6.25% 2.66 6.01 14.40 Ltd UMEME 298.85 300.00 -0.38% 350.00 292.05 228,061 68,141,616 7.60 2.54% 21.85 13.68 486.34 CROSS LISTINGS Centum Investments CENT 1,184.28 1,181.84 0.21% 1,486.39 918.72 - - 42.05 3.55% 382.98 3.09 781.86 East African Breweries Ltd EABL 7,711.78 7,844.65 -1.69% 9,176.00 3,925.50 - - 262.80 3.41% 340.24 22.67 6,077.63 Equity Bank Ltd EBL 1,361.45 1,514.70 -10.12% 1,945.65 1,206.96 - - 70.08 5.15% 150.32 9.06 5,229.17 Jubilee Holdings Ltd JHL 15,293.00 15,334.00 -0.27% 19,817.20 13,290.14 - - 297.84 1.95% 1,923.35 7.95 1,003.15 Kenya Airways KA 117.87 153.34 -23.13% 453.15 117.87 - - - - (238.97) (0.49) 733.68 Kenya Commercial Bank KCB 1,359.59 1,539.01 -11.66% 1,892.10 1,318.33 - - 105.12 7.73% 217.60 6.25 4,389.29 NMG 2,023.53 2,169.20 -6.72% 3,996.00 2,023.53 - - 349.22 17.26% 318.86 6.35 388.20 Uchumi Supermarkets UCHM 13.06 11.97 9.11% 72.21 10.82 - - - - (227.76) (0.06) 4.36 REGIONAL LISTINGS Price (Kshs) Price (Kshs) DPS (Kshs) Dividend Yield % EPS (Kshs) P/E ratio Safaricom SAF 26.25 27.95 -6.08% 30.00 21.30 1.10 4.19% 1.21 20.25 British American Investments BTM 8.80 8.78 0.23% 140.00 8.48 0.30 3.41% 0.85 17.29 Nairobi Securities Exchange NSE 13.05 12.75 2.35% 140.00 12.55 0.27 2.07% - 28.12 Price (Rwf) Price (Rwf) DPS (Rwf) EPS (Rwf) P/E ratio Bank Of Kigali BOK 265.00 265.00 0.00% 290.00 265.00 12.30 4.64% 34.30 7.73 Bralirwa BLR 140.00 140.00 0.00% 150.00 140.00 1.00 0.71% 1.36 102.94 Crystal Telecom CTL 50.00 50.00 0.00% 55.00 50.00 11.18 22.36% 3.82 13.09 Totals 72,766,825 2,456,820,516 5.77% 13.86 23,626.39

Current Prv. Wk. 1-YR Ago 2,300 USE ALSI INDEX - 12 months chart USE ALSI* 1,635.50 1,732.72 2,165.42 USE LSI** 382.50 382.67 413.32 2,250 NSE 20 Index 2,663.45 2,782.61 3,519.78 Crested-9 Index 137.35 137.40 130.09 2,200 FOREX RATES 2,150 U.S. Dollar (USD) 3,761.67 3,776.25 3,713.00 Kenya Shilling (KSH) 37.19 37.33 37.00 2,100 Rwanda Franc (Rwf) 4.25 4.25 4.38

2,050 *(All Share Index i.e. both local and cross-listed companies) **(Local Share Index) 2,000

1,950 DEALER'S REPORT

Weekly equity turnover burgeoned to Ugx2.45Bn ($653,120) compared to previous week’s Ugx364.51Mn ($96,533). 1,900

Volume of shares traded also soared to 72.77Mn relative to previous week’s 587,598 shares as eight companies 1,850 registered activities during the week. Stanbic Uganda Holdings (SBU) contributed 88.17% of market activity. 1,800 Uganda’s largest financial services provider traded Ugx2.17Bn in turnover. dfcu traded shares worth 1,750 Ugx220.29Mn, Umeme (UMEM) Ugx68.141Mn and Bank of Baroda Uganda (BOBU) Ugx1.39Mn. CiplaQCIL

(CQCIL), NIC Holdings (NIC), New Vision Group (NVL) and Uganda Clays (UCL) made a combined 1,700

Ugx933.790 in turnover. Only UMEM share price dropped during the week as the energy supplier’s share price 1,650 shed 0.38% to Ugx298.85. Other share prices remained unchanged. BOBU share price closed at Ugx129, DFCU at 1,600 Ugx700, CQCIL at Ugx170, NIC at Ugx14 and UCL at Ugx16. SBU shares were traded at Ugx30 each. Among the cross listed counters; Uchumi Supermarket’s (UCHM) share price changed course adding 9.11% to Ugx13.06 at the 1,550 end of the week. Kenya Airways (KA) share price lost 23.11% to Ugx117.87 at the end of the week. The USE 1,500 ALSI shed 5.61% to 1,635.50 whereas Crested’s C9 Index added 1.97% to 137.35 at close of weekly trading session.

Definitions of Key Terms DPS: (Dividend per Share) is the total dividend paid out over an entire year (including interim dividends, but excluding special dividends) divided by the Volume: is the number of shares of the company traded on the stock market during a given period of time (a week in our case). number of outstanding ordinary shares. Turnover: is the volume multiplied by the weighted average price of the company (as of Friday). It gives you the total P/E Ratio: is a valuation ratio of the company's current share price compared to its earnings per share. amount (in UGX) traded on a particular stock (for example Stanbic). EPS :(Earnings per Share)is a measure of the annual net profit per share outstanding. It's an indicator of the company profitability Average Market Capitalization: is the total Shilling value of all company's outstanding shares. Its calculated as company's shares outstanding x average Dividend Yield : Dividend yield ratio shows the amount of dividends that a company pays to its investors in (weekly) market price of it's share. It gives the company's size and market value. comparison to the market price of its stock

DISCLAIMER: The information contained herein is obtained from sources, which to the best of our knowledge are reliable. As such, we are not responsible or liable for any factual errors arising thereof and anyone acting on the information or opinion does so at his/her own risk. The opinions expressed herein are ours and are subject to change anytime without notice.