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Market Update 17Th August 2017 USE ALSI Close: 1,833.20 Previous: 1,833.15 (UP:19.96%YTD) - USD/UGX: 3,596.71 Previous: 3,598.17 (UP: 0.20%YTD)

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Market Update 17Th August 2017 USE ALSI Close: 1,833.20 Previous: 1,833.15 (UP:19.96%YTD) - USD/UGX: 3,596.71 Previous: 3,598.17 (UP: 0.20%YTD) Market Update 17th August 2017 USE ALSI Close: 1,833.20 Previous: 1,833.15 (UP:19.96%YTD) - USD/UGX: 3,596.71 Previous: 3,598.17 (UP: 0.20%YTD) USE ALSI* Key Statistics: Close 1,833.20 Market Synopsis: 1D* % Change 0.00 Turnover reduced to Ugx14.97Mn ($4,163) from Ugx57.07Mn ($15,861) yesterday. MTD* % Change 5.29 Five counters were active as Stanbic Bank Uganda (USE:SBU) and Umeme YTD* % Change 19.96 (USE:UMEM) moved the highest number of shares of 134, 971 and 23,442 shares 52 Week Range 1,330.82 – 1,834.67 exchanged at Ugx27.25 and Ugx430 to realise turnovers of Ugx3.67Mn and Volume 170,181 Ugx10.07Mn respectively. Umeme share price gained by 0.70 percent from yesterday’s Turnover (ugx) 14.97Mn ($4,163) Ugx427 whereas the Stanbic Bank Uganda share price remained stable. Uganda Clays PE 9.26 Ltd (USE:UCL), New Vision Printing and Publishing company limited (USE:NVL) EPS 35.33 DFCU (USE:DFCU) traded 10,000 shares, 1,213 shares and 555 shares at Ugx14, Dividend Yield 2.1% Ugx539 and Ugx759 to generate turnovers of Ugx140,000, Ugx653,807 and Ugx421,090 Market Cap (ugx) 25,057.72Bn ($6,952.75Mn) respectively. The USE All Share Index and the C8 increased by a slight 0.002 percent and 0.21 percent to close today’s trading session at 1,833.20 and 117.34 respectively. USE ALSI*- USE All Share Index, 1D*- One Day, MTD*- Month to Date, YTD*- Year to Date Headlines: Source: Uganda Securities Exchange, Bloomberg Dfcu half year assets hit Ugx3 trillion: Dfcu’s assets registered a 69.4% leap to sh3.05 2,000 trillion at the end of June 2017 after acquiring some of Crane Bank’s assets and liabilities 1,950 USE ALSI INDEX - 12 months at the start of the year. The asset growth was even more impressive at 91% when compared to the end of June 2016 when they were worth sh1.6 trillion, according to 1,900 dfcu’s half year interim results which were released in Kampala recently. “The 1,850 performance is largely attributed to the January 2017 acquisition of Crane Bank assets and assumption of Crane Bank liabilities by dfcu Bank that presented numerous 1,800 opportunities in line with dfcu’s growth aspirations,” a dfcu statement says. During the 1,750 six months, total income more than doubled to Sh255Bn by June 2016 to deliver a 1,700 massive 396% improvement in profit to Sh114Bn from Sh23Bn in the same period. Despite this growth, the board did not recommend an interim dividend. Dfcu registered 1,650 a Sh857Bn increase in customer deposits to Sh1.8Tn in the six months to June 2017. 1,600 Of this increase, about Sh240Bn was mostly in fixed deposit accounts held by former Crane Bank customers. William Sekabembe, the dfcu bank chief of business, noted that 1,550 in the next three years the bank is intent on transitioning from a niche Small and 1,500 Medium Enterprises (SME) to a universal bank. He also noted that bank is intent on moving from being the industry’s top bank. Further plans include digitizing the bank, 1,450 and exploring agent banking by hiring 1,00 agents in the next six months of 2017. 1,400 (Source; New Vision) 1,350 Uganda says signs deal with Congo to build $150Mn power line: Uganda has signed a preliminary agreement with neighbouring Democratic Republic of Congo to 1,300 build a power transmission line connecting both countries so that Kampala can sell electricity to the eastern Congo, a senior official said on Wednesday. Uganda generates about 800 megawatts of electricity but that should double in about one and a half years when two hydropower dams are completed, giving the east African nation surplus energy. By contrast, less than 15 percent of Congo has access to electricity and blackouts Source: Uganda Securities Exchange are common. Irene Muloni, Uganda's energy minister, told Reuters the two countries Crested 8 Price Snapshot: had signed a memorandum of understanding this month to jointly construct a high- voltage power line. The line, with an estimated length of 350 kilometres, will start at a Close 52 Week Range YTD % Ch. substation in the western Ugandan town of Fort Portal, which is close to the border C8 117.34 114.10– 123.86 (0.19) with Congo. The line would supply power to the major towns of Beni, Bunia and BATU 30,000 30,000 – 30,000 0.00 Butembo in eastern Congo. The Ugandan stretch of the line will be about 70 kilometres BOBU 110 100 – 138 (11.29) and "each government will take care of its portion," Muloni said, adding that a feasibility DFCU 758 755 – 800 (1.56) study funded by the African Development Bank (ADB) had already been completed. NIC 12 10.5 – 12 0.00 ADB was interested in funding the project's development, estimated to cost $150 NVL 539 539 – 551 (1.10) million, she said, adding that talks about a possible financing agreement were at an early SBU 27.25 24 – 28 11.11 stage. "Once ADB accepts the funding, the project will be ready (by) end of 2019," she said. (Source; Reuters) UCL 14 12 – 15 16.67 Money Market Outlook: The Uganda shilling was firm today, drawing support from UMEM 430 400– 532 (12.24) a lackluster demand for dollars from both players in the interbank market and large *C8 is Crested 8 Local companies Index importers like manufacturers and telecommunications firms. Expected trading range; 3,596.71/3,606.71 (Source: Reuters) Regional Counters: Macro Indicators: Close 52 Week Range YTD % Ch. (%) Period NSE20 4,069.34 2,789.64– 4114.01 29.12 Inflation (Yearly) 5.7 Ended August 2017 BRITAM (Kshs) 15.50 9.40 – 15.80 23.01 Central Bank Rate (CBR) 10.00 19/06/17 SAF (Kshs) 24.25 16.00 – 25.00 29.24 Bank Rate 15.00 19/06/17 KA (Kshs) 5.10 4.00 – 7.20 (12.93) 91-day T-Bill 9.89 02/08/17 NSE (Kshs) 23.00 11.00 – 23.00 57.93 182-day T-Bill 10.23 02/08/17 BRL (Rwf) 125 121– 166 (10.71) 364-day T-Bill 11.15 02/08/17 BOK (Rwf) 250 228 – 275 9.65 CTL (Rwf) 70 70 – 90 (22.22) Forex Close Prev. YTD % Ch. Sources: Crested Research, Uganda Securities Exchange, Nairobi Securities Exchange, GBP/UGX 4,628.61 4,625.09 (4.39) Rwanda Securities Exchange, Bank of Uganda, Bloomberg EUR/UGX 4,209.23 4,217.06 (10.62) KEN/UGX 34.72 34.70 1.28 CRESTEDCAPITAL RESEARCH CONTACT TZS/UGX 1.61 1.61 2.42 Impala House 1st Floor, Plot 13/15 Kimathi Avenue RWF/UGX 4.33 4.34 2.02 Hotline: +256 758 230900 @: [email protected], W: www.crestedcapital.com 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. The opinions expressed herein are ours and are subject to change anytime without notice. .
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