NSE Monthly Trading Highlights October 2013

Market Indicators

CONTENT Table 1: Key Market Indicators -Monthly Comparisons Market Indicator September 2013 October 2013 %Change NSE 20 Share Index 4,793 4,936 2.98 Page NSE All Share Index (NASI) 127 131 3.15 Market Indicators------1 Market P/E Ratio 16 17 4.42 Market Capitalization (Kshs.billions) 1,791 1,874 4.63 No. of issued shares (billions) 80 81 1.25 Equity Market ------2 No. of shares traded (millions) 489 804 64.42 No. of equity transactions 31,849 39,915 25.33 Equity turnover (Kshs.millions)-ET 10,062 15,937 58.39 Bond Market ------3 % foreign participation to ET 56 56 -

Bond turnover (Kshs.billions) 29 52 79.31 Bond deals 364 603 65.66 Kshs/US Dollar currency exchange 87 85 (1.89) No. of trading days 21 22 4.76

Table 2: Market Performance by Index for Selected African Markets Market/Index 31 October 2013 % change MTD %Change YTD Malawi- All Share 12,219 15.22 103.13

Ghana-GSE ALSI 2,100 3.39 75.03 Kenya-FTSE NSE 15 Index 175 5.08 38.89

Zimbabwe-Industrial 210 4.84 37.62 Rwanda RSE Index 218.2 (0.21) 35.16 Zambia-All Share 5,003 4.3 34.31 Nigeria- All Share 37,623 2.84 33.99 Uganda -All Share 1,611 3 33.86 BRVM-Composite 207.6 1.57 24.61 Tanzania -All Share 1,838 10.02 23.72 Namibia- Local 326 3.23 19.09 Mauritius-Semdex 2,038 3.91 17.67 Botswana BSE DCI 8,723 1.50 16.15 South Africa-All Share 45,518 3.37 15.97 Egypt-EGX 30 6,182 9.99 13.17 Swaziland- SSX All Share 287 0.00 0.41 Morocco-MORALSI 9,385 8.21 0.28 Tunisia- TUNIS 4,490 0.61 (1.97) Source: respective markets, African Aliance Securities weekly report, MTN-month to date, YTD-year to date

DISCLAIMER: Care has been taken in the preparation of this bulletin. However no representation, warranty or undertaking is given by the Nairobi Securities Exchange Ltd as to the accuracy of the information contained therein and accepts no responsibility or liability whatsoever. NSE Monthly Trading Highlights October 2013

Equity market Equity market performance continued on an upward trend on the back of strong foreign trading activity. Compared to the month September 2013, equity turnover in the month October 2013 climbed 58.39% with foreign investor participation increasing to 55.74% , heavily inclined on the buy side.

Fig 1: NSE 20 Share Index Fig 4: Top 10-price gains ( between High and Low price) during the month 5500

5000 Counter Price gain (Kshs)

4500 Carbacid Investments Ltd 105.00 British American Tobacco (K) 65.00 Index value 4000 East African Breweries 59.00 3500 Nation Media Group 43.00 3000

Jubilee Holdings 41.00

Jul.12 Jul.13

Jan.12 Jan.13

Jun.12

Oct.12 Oct.13

Apr.12 Apr.13

Feb.12 Sep.12 Feb.13 Sep.13

Dec.12

Aug.12 Aug.13

Nov.12

Mar.12 Mar.13 May.12 The Limuru Tea Co. 40.00

Fig 2: NSE All Share Index (NASI) Standard Chartered Bank (K) 30.00

140 Bamburi Cement 25.00 130 Williamson Tea Kenya 25.00 120 Diamond Trust Bank Kenya 24.00 110 100 Fig 5: Actively traded counters (based on traded

90 shares Index value 80 70 17,256,688 60 Safaricom 19,282,200 14,688,646

21,361,269 Equity Bank

Jul.12 Jul.13

Jan.12 Jan.13

Jun.12

Oct.13 Oct.12

Apr.12 Apr.13

Feb.12 Feb.13 Sep.12 Sep.13

Dec.12 Aug.13

Aug.12 22,069,553

Nov.12

Mar.12 Mar.13 May.12 KenolKobil 28,774,409 Fig 3: FTSE NSE Indices–long term Performance 28,869,790 British-American Investments Co.(Kenya) Ltd 31,452,875 KCB

55,426,147 The Cooperative Bank 455,491,795 Uchumi Supermarkets

Home Africa

I&M Holdings Ltd

Source: FTSE Group,Market Wrap, October 04, 2013

Bond market

The month of October 2013 recorded a bond turnover of Kshs 52 billion, double September 2013 figure. The highly traded bond was IFB1/2013/012, trading Kshs 25 billion on a high and low yield of 12.75% and 12.00% respectively.

Fig 6: Bond yields Fig 7: Bond turnovers

120 15.00 14.00 100

13.00 80 12.00 60 Yield (%) 11.00

10.00 Kshs.Billions 40 9.00 1 2 3 4 5 6 7 8 9 10111213141516171819202122232425262728 20 8.00 7.00 -

Maturity (years)

Jul.11 Jul.12 Jul.13

Jan.11 Jan.12 Jan.13

Jun.11 Jun.12 Jun.13

Oct.11 Oct.12 Oct.13

Apr.11 Apr.12

Feb.11 Sep.11 Feb.12 Sep.12 Feb.13 Sep.13

Dec.11 Dec.12

Aug.11 Aug.12 Aug.13

Nov.11 Nov.12

Apr.13

Mar.11 Mar.12 Mar.13

May 12

May.11 May.13 'Oct-13 'Sep-13 Jan-13

NOTE

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