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Satchu's Rich Wrap-Up
 
 
Monday 01st of November 2010
 
Morning
Africa
www.rich.co.ke Register and its all Free.

If you are tracking the NSE Do it via RICHLIVE and use Mozilla Firefox
as your Browser.
0930-1500 KENYA TIME
Normal Board - The Whole shebang
Prompt Board Next day settlement
Expert Board All you need re an Individual stock.

The Star Tatu City Eaagads Agricultural Companies Renaissance
http://bit.ly/9efD51

I thank Alishia for the Interview this Morning on CNBC
http://bit.ly/bYr9bz

I thank Kamal Santamaria for the Interview on Aljazeera.

The Latest Daily PodCast can be found here
http://www.rich.co.ke/rctools/richpod.php

I do thank The Pakistan High Commissioner for the Invitation to Lunch
Sunday. I sat next to Adnan Sami who told me he had sold out the
Toronto Sky Dome twice and thats 85,000 each Time, that he went to
Rugby and studied Law at Kings College London. Very interesting Man,
he was too.

I thank Richard Okello for the Dinner Invite last Night at the Serena.
It was a Pleasure to meet Richard in Person and Richard's Entourage
which included Folks from the GIC, Chesaspeake and Crystal Ventures
and Makena Capital.

I welcome You all to this Missive.

What is #Mindspeak Aly-Khan Satchu explains
http://bit.ly/9mhe39

I do thank Martin O-O for a wonderful Presentation about Kenya
Commercial Bank. I will post the Presentation and the Film imminently.

Some Tweets via The Search #Mindspeak on Twitter

RT @alykhansatchu: #Mindspeak KCB 114 Years started in #Zanzibar was
called National Bank of #India www.rich.co.ke #Africa>> huh?really?
RT @alykhansatchu: #Mindspeak KCB we did a Harambee in #Juba to open
our 1st Branch www.rich.co.ke #Africa 1st Bank in #Sudan
# Alex Kuria tovutisanifu @alykhansatchu seated 1m from Martin Oduor
at the front of the auditorium and tweeting ...
@shiroesta @alykhansatchu @kcbbankgroup mindspeak with Martin Odour
#awesome #kcbbankrocks
@shiroesta RT @alykhansatchu: #Mindspeak #Nairobi Audience
www.rich.co.ke http://twitpic.com/3252bm
@njooro RT @alykhansatchu: If you want to succeed it's a 25 hour Job
Martin O-O KCB www.rich.co.ke
@sweetestshabu RT @alykhansatchu: #Mindspeak Wolfgang Fengler Chief
Economist Kenya World Bank asks is Mobile Money a Threat? O-O We see.
@ojcecil @alykhansatchu Mindspeak filled to the rafters today.Effect
of Martin OO or how it went viral on twitter?
@rassina Great remote session of #Mindspeak, I believe #Kenya is
uniquely positioned for an economic resurgence cc @alykhansatchu great
job !
@jgmbugua @alykhansatchu it is the biggest bank and has hardly
leveraged its potential it can be a monster if it wishes
@sweetestshabu @alykhansatchu Pleasure meeting You Sir!Awesome
learning experience at #MindSpeak:-) already looking forward to next
months:-)
@WestgateMallKe Yet another successful #Mindspeak! Very enlightening!
@alykhansatchu @ahmedsalims @sady_sadz @titofartito
Zichivhu
Good evening @Alykhansatchu from Cal...Following #Mindspeak
hashtag...Most informative.

The Audience at #Mindspeak Twitpic
http://www.twitpic.com/3252bm

Macro Thoughts

QE2 or Titanic ?

Home Thoughts

I sometimes feel I am at the very Vortex of the Maelstrom. My older
Daughters are running their own Social Lives and I have had to become
quite aggressive about asserting my Rights as a Father otherwise I am
sure those Rights would lapse. The Assertion tends to revolve around
the Fact that The Older Girls should greet me when I get home. I have
noted the Kisses I received are of the 'Mwah' variety hurried and
hardly felt. Hannah has her own Gig going as well and her latest
Question was this

'Are these stories Pretend or real?'

And with that My Bubble has been pricked.

The Setting Sun From My House in Lavington Twitpic
http://www.twitpic.com/329271
read more


Rousseff Vows to End Brazil Poverty, Not Overspend Bloomberg
Law & Politics


Dilma Rousseff said her main goal is to eradicate poverty in Brazil
while maintaining a lid on spending after being elected the country’s
first female president.Rousseff, who had never before run for
political office, won 56 percent of the vote yesterday compared with
44 percent for Jose Serra, the former governor of Sao Paulo state. The
former cabinet chief dedicated her victory to Brazil’s women, and
choked with tears as she remembered the legacy left by her mentor,
President Luiz Inacio Lula da Silva.

“We’ll care for our economy with complete responsibility,” Rousseff,
62, told supporters in Brasilia. “The Brazilian people don’t accept
governments that spend at unsustainable levels and for that reason we
will make every effort to improve public spending.”

Rousseff won by promising continuity with Lula, whose policies lifted
21 million Brazilians out of poverty since 2003 and created a record
15 million jobs. While lacking the charisma of her former boss, who
leaves office Jan. 1 with a record 85 percent approval rating, she’ll
be helped by the fastest economic growth in more than two decades.

“For the first time since the Second World War we’re going to have a
political transition that will have little impact on economic
activity,” Carlos Langoni, a former central bank president, said in a
phone interview from Rio de Janeiro.

Under Lula’s watch, stocks rose six-fold as the economy expanded at
almost twice the pace of the previous eight years and inflation fell
by a third from a peak of 17.2 percent.

Rousseff is a former Marxist guerrilla who was jailed and tortured by
Brazil’s 1964-1985 military dictatorship. She joined Lula’s Workers’
Party, or PT for its Portuguese initials, on the eve of his election
after serving as energy secretary in Rio Grande do Sul state. She
served as Brazil’s energy minister and chairwoman of state-controlled
oil company Petroleo Brasileiro SA before replacing PT stalwart Jose
Dirceu as cabinet chief.

Rousseff’s candidacy was put in doubt when she announced in April 2009
that she was being treated for lymphoma. Five months later, her
doctors pronounced her in “excellent health.”

read more


Rare Intimate Photographs from the Kennedy White House Vanity Fair
Law & Politics

March 28, 1963: The president and his son outside the Oval Office.
Among John Jr.’s pet names for his father was “Pooh-Pooh-Head.”

read more


Currency Markets at a Glance WSJ
World Currencies


Euro 1.3983
Pound 1.6058 -
Yen 80.59 The dollar dropped below Y80.41, dipping as low as Y80.37,
its lowest level since 1995
Aussie 0.9879
Rand 6.9593 -> I did say it was a Buy above 7.00.
Brazil Real 1.7007

The dollar remains on the "strong side" of its fundamental value,
while the euro, yen and British pound are reasonably valued, the
International Monetary Fund.

Conclusions

Its all about the Size of QE2 and if it is supersized QE2 might well
morph into the Titanic.

read more


World Equity Markets at a glance
World Of Finance

In October, the Dow Industrials jumped 330.44 points, or 3.06% to
11118.49, the Nasdaq Composite rose 138.79 points, or 5.86% to 2507.41
and the S&P 500 gained 42.06 points, or 3.69% to 1183.26

read more


Let's Get Sauced WSJ
Food, Climate & Agriculture

Admit it: It's the sauce that keeps you going back to your favorite
Asian restaurant. Whether it's the spicy ssamjang at Momofuku Ssam Bar
in New York City, the nuoc cham at Slanted Door in San Francisco or
the sweet-hot soy sauce at dim sum everywhere, a sauce "teases the
palate to be able to taste all these different flavors in one bite,"
says Corinne Trang, author of "Essentials of Asian Cuisine."

read more



Food Inflation Rising as Cooking Oil Poised to Catch Grain Gains Bloomberg
Food, Climate & Agriculture

Cooking oils, left behind in this year’s surge in agriculture prices,
are poised to catch up with grains as record demand cuts stockpiles by
the most in 17 years.Inventories of soybean oil and palm oil, used by
Nestle SA and Unilever and in everything from Hellmann’s mayonnaise to
Snickers candy bars, will drop 12 percent in the coming year as China
and India increase consumption 11 percent, U.S. Department of
Agriculture data show. Food prices climbed in September to the highest
level since the crisis in 2008 that sparked riots from Haiti to Egypt,
the United Nations says.

“China’s economy is growing and there’s no reason why the country will
take any less food next week, next month, or next year,” said Steve
Nicholson, a commodity procurement specialist at International Food
Products Corp., a distributor and advisor on food ingredients in
Fenton, Missouri. “We’ve been able to produce more food in the past
2,000 years, but can we do it fast enough to meet the demand from
China and other emerging economies to stave off a crisis?”

Per-capita use of vegetable oils in China has more than doubled in a
decade, said Bill Nelson, a senior economist at Doane Advisory
Services Co., an agricultural research and advisory company in St.
Louis.

The Standard & Poor’s GSCI Agriculture Index of eight futures climbed
30 percent this year, led by corn, wheat, coffee and cotton, as floods
in Canada, Pakistan and China and drought in Russia and across Europe
killed crops. The economies of China and India, the biggest consumers
of cooking oils, are growing at three times the speed of the U.S.

The CRB/Reuters U.S. Spot Raw Industrials index, a gauge of 22
commodities including butter and soybean oil, rose to an all- time
high on Oct. 25. Meat prices advanced to a two-decade high in August,
according to a UN index.

“The critical period of tightness is yet to come,” said Dorab Mistry,
a director at Godrej International Ltd. who has traded cooking oils
for more than three decades and who correctly predicted the gains in
palm oil and soybean prices since June. “We’re not doing enough to
raise production of vegetable oils and the weather the world over is
troublesome.”A lack of rain in the center-west of Brazil is delaying
planting in a region that grows 47 percent of the country’s soybean
output, the world’s second-largest crop behind the U.S.


While the UN’s Food Price Index rose 23 percent in the 12 months
ending in September, it’s still about 12 percent below the 2008 peak.
Food security is of less concern now than in the last several years
because grains stocks are bigger and a weakened global economy will
stunt demand, Abdolreza Abbassian, a senior economist at the UN FAO,
said last month.

China, the world’s biggest soybean importer, may buy a record 60
million tons in 2010-2011, according to unidentified global grain
trading companies cited by the China National Grain & Oils Information
Center, owned by the state body which manages the country’s food
supply and logistics.

China’s vegetable oils consumption has more than doubled to 22.4
kilograms per capita in the past decade and may reach 28.4 kilograms
in five years, said Nelson from Doane Advisory Services. That compares
with 39 kilograms in the U.S., he said.

“China just keeps taking soybeans and vegetable oils,” said Nicholson
from International Food Products. “It’s more than a little scary how
insatiable their appetite is.”

Conclusions

By Aly-Khan Satchu, September 6, 2010
Nairobi, Kenya

I have a supreme conviction that global food markets are but the
perturbation of a butterflys's wing away from a serious tipping point.
In fact, I would venture that the best way to play the narrative
fallacy that is the "Global Climate Change Denial Camp" is via buying
a basket of breakfast commodities and grains. There are more of us,
our average calorific intake is a multiple of what it was, and we have
toasted the planet -- capping global agricultural output. Narrowing
that perception gap and converting it into real action is going to be
like herding cats.

The UN's Food and Agriculture Organization (FAO) is fond of saying
that the food markets have ample inventory and that there is
absolutely nothing to worry our little heads about. May I refer you to
wheat, which ramped 38 percent higher in July, 3.7 percent in August,
and so far this month a further 7 percent. The reasons are well known:
Russia has undergone a heatwave and Vladimir Putin (probably not keen
on going the way of Indonesia's President Suharto - anger over soaring
food prices after he cut fuel and some food subsidies helped drive him
from power in 1998) immediately cancelled all Russian wheat exports.
This is a perfect example of the asymmetry of the food markets. The
moment there is a hint of trouble, countries start hoarding. It
creates a concertina effect.

read more


Standard & Poor’s GSCI Agriculture Index Bloomberg
Food, Climate & Agriculture

754.66

The Standard & Poor’s GSCI Agriculture Index of eight futures climbed
30 percent this year, led by corn, wheat, coffee and cotton, as floods
in Canada, Pakistan and China and drought in Russia and across Europe
killed crops. The economies of China and India, the biggest consumers
of cooking oils, are growing at three times the speed of the U.S.

All Time High 13 March 2008 1045 Area.

read more


Soft Commodities at a Glance INO
Commodities

Cotton +3.21%
Coffee +2.89%
Cocoa -1.61%
Sugar +1.61%

Cotton Dec 2010 129.26 +4.00 (+3.21%) INO 140 Year Highs
http://bit.ly/dtwUjS

Last Price    129.26
Previous Close    124.63
Low    125.80
Open Int.    109258
Contract High    130.5
Contract Low    53.87
First Delivery    2010-12-21
Contract High Date    2010-10-26
Contract Low Date    2009-03-09
Expiration    2010-12-07

read more





Sub-Saharan Africa's GDP The Economist
Africa

Growth in sub-Saharan Africa scarcely missed a beat through the global
crisis thanks to improved macroeconomic policy. The good times should
continue. Growth in 2011 is forecast to be rapid and broad-based.
Botswana and South Africa suffered setbacks in 2009, but have returned
to expansion despite increased burdens of debt. The economies of
Ethiopia and Uganda grew rapidly right through the crisis; their
growth rates remain enviable. Strife-riven countries like Eritrea and
Zimbabwe lagged behind in recent years but are looking healthier.
Exports from the region as a whole have yet to recover fully, but
strengthening links with emerging Asia should keep the boom going.

read more


South Africa All share Bloomberg Visual +9.9906% 2010
Africa

Value30,430.90   
Change244.320    
% Change0.809

8.318% off its all Time High from 2008.

read more


Egypt ^EGX30 Bloomberg Visual +7.876% 2010
Africa


Value6,697.52   
Change6.450    
% Change0.096

read more


Orascom Tel shares slump on new Algeria conditions Reuters
Information & Communication Technology

Algeria on Sunday told Orascom Telecom it must fulfil new conditions
before it can settle a damaging row over its Algerian mobile phone
unit, sending shares in the Egyptian firm to a 19-month low.The latest
Algerian demands are likely to create fresh doubts about the viability
of a $6.6 billion deal for Russia's Vimpelcom to buy Orascom Telecom
assets, creating the world's fifth-biggest mobile telephone
operator.Orascom Telecom has agreed to talks on the nationalisation of
its Djezzy unit, an outcome that may be the group's best hope of
extricating itself from a once-lucrative relationship now marred by
back-tax claims and mutual recriminations.

But Algerian Prime Minister Ahmed Ouyahia said on Sunday Algeria will
not conclude a deal to buy Djezzy from Orascom until the company
settles all its liabilities in Algeria -- a process which could take
many months and be very expensive.

Djezzy is Orascom Telecom's biggest single source of revenue and some
analysts have said Vimpelcom should walk away from its deal to buy
Orascom assets unless uncertainty over Djezzy's future is resolved
soon.On the Cairo stock exchange, Orascom Telecom's share price
declined 3.6 percent to 4.33 Egyptian pounds, its lowest since March
17, 2009.

"There is fear and uncertainty over OT (Orascom Telecom)," said Tarek
Abaza, head of trading at Naeem Brokerage in Cairo.

Speaking in parliament, the Algerian prime minister confirmed that his
government would go ahead with the nationalisation of Djezzy and that
it recognised only Orascom Telecom -- and not Vimpelcom -- as the
owner.

He said experts were evaluating the value of the unit, after which
talks would start on the sum Algeria will pay Orascom Telecom to
nationalise Djezzy.

"The day we reach an agreement on the price, Orascom Telecom Holding
will have to clear its (liabilities with the Algerian government)
before we conclude the deal," Ouyahia told lawmakers.

He said those liabilities included $230 million in back-taxes, plus
penalties, $190 million in fines to the central bank for alleged
currency violations, and a dispute with former employees who claim
they are owed wages.

Conclusions

The Algerian Government is not for being rolled over, so far.

read more


Nigeria All Share Bloomberg Visual +21.793% 2010
Africa

Value25,042.16   
Change-25.590    
% Change-0.102

read more


Tunis SE Index Bloomberg Visual +19.389% 2010
Africa

Value5,123.54   
Change-110.870    
% Change-2.118

Peaked at 5676 1st October 2010 and s 9.74% correction lower from that
2010 High, so far.

read more


Proposed Road in Serengeti National Park New York Times Slide Show
Africa


Scientists say the ecological damage is very hard to predict but
potentially enormous. During the annual migration, the wildebeest
produce more than 800,000 pounds of dung — per day — which nourishes
the grasslands. If the highway fragments that migration and makes the
wildebeest turn back, “the whole ecosystem could crash,” said Bernard
Kissui, a research scientist for the African Wildlife Foundation.

read more


Kenya inflation dips to 3.09 pct y/y in Oct Reuters
Kenyan Economy

Kenya's year-on-year inflation rate fell to 3.09 percent in October
from 3.21 percent in September as telephony charges fell sharply, the
national statistics office said on Monday.

Kenyan call tariffs have dropped by 50 percent in a price war ignited
by pan-African operator Zain in August.

The drop in the communication index outweighed increases in fuel and
food prices.

Conclusions

The Communications Component of the Inflation Basket is in fact undersized.

The Star Kenya Stimulus
http://bit.ly/cafYTe

The Star The Kenya Bond Market
http://bit.ly/cpWnlM

read more



Kenya Airways Q2 passenger numbers up, cargo down Reuters
N.S.E Equities - Commercial & Services

Kenya Airways said passenger volumes rose in its second quarter ended
September as the World Cup in South Africa and route expansion lifted
performance, helping push its shares higher.The airline, one of the
top carriers in the continent, said on Friday passenger numbers were
up 9 percent to 849,566 over the same period in 2009.

"Uptake of total production at 2,466 million revenue passenger
kilometres represents a 10 percent growth ... The resulting average
cabin factor improved from last year's level of 70 percent to 73
percent," Kenya Airways said in a statement.

"The highest seat kilometre increase was registered in the Southern
Africa region which was at 26.3 percent growth. This was due to
additional frequencies into Johannesburg during the World Cup, Harare
and Lusaka together with the additions of Ndola and Gaborone into the
network."

Kenya Airways said the number of passengers it ferried to Europe was
up 14 percent to 142,567.However, the airline, which is 26 percent
owned by Air France-KLM (AIRF.PA: Quote), said cargo haulage fell 7
percent to 14,118 tonnes, because of strained capacity.The airline
said earlier this month it expected to carry 3 million passengers and
60,000 tonnes of cargo in its year ending next March, thanks to
expansion of its routes in Africa and the Middle East.

Conclusions

At a Price of 42.00 and or a PE below 10.00 - There is strong Buy Side
Interest.

Kenya Airways share price data www.rich.co.ke
http://bit.ly/1AaBD1

Par Value:                  5/-
Closing Price:          44.75
Total Shares Issued:          461,615,488
Market Capitalization:        20,657M
EPS:            4.40
PE:                10.170

read more


Old Mutual Kenya Seeks 700 Million Shillings in Sale Bloomberg
World Of Finance

Old Mutual Plc’s Kenyan unit plans to raise 700 million shillings
($8.7 million) by selling stock to shareholders to expand the business
in East Africa, Managing Director Tavaziiva Madzinga said.Old Mutual
Life Assurance Co. will offer shareholders as many as 24.2 million
shares, with the funds raised being used to improve its information
and communication technology processes and expansion, Madzinga said in
an e-mailed statement today in Nairobi, the capital.The Kenyan unit of
Africa’s largest insurer will offer one share for every two held at 30
shillings each, he said. The rights offer will be open for 30 days to
Nov. 30, he said.On March 16, Tidanga Ltd., a shareholder in Old
Mutual Life Assurance, said it planned to increase its stake in the
Kenyan company. Tidanga, which owns 11.11 million shares in Old Mutual
Life Assurance, offered to buy shares held by minority shareholders in
the company.

read more


Taste of the Presidia
Food, Climate & Agriculture


"Pokot Ash yoghurt from district of West Pokot in Kenya was a real
treat and is a recent addition to the international Presidia. It
tasted really thick and creamy, with a slightly bitter, aromatic
flavour, which was strangely more-ish. The raw milk comes from either
goats or cattle herded by the indigenous communities. Ash, produced
from the burning branches of the native cromwo tree, is added to the
yoghurt to help preserve it, and this creates a slightly odd, speckled
bright grey colour. I was told that locally Pokot Ash yoghurt is a
valuable traditional foodstuff for treating urinary infections."
Jen Marsden, Communications Coordinator

read more



 
 
N.S.E Today

The NSE20 firmed 15.61 points to close at 4675.17.
The NASI rose 0.36 points to close at 102.73.
Market Cap was 1.225547 Trillion versus 1.22089 Trillion.
Equity Turnover was 511.702m versus 326.809m
Standard Chartered was the outsize gainer on the Day.
With an estimated [by me] Stimulus of between $66-$100m per Month
hitting the Economy via the Mobile Phone Price Cuts, I expect GDP to
gain further traction into Year End and support a further 10-15% rally
into Year End at the Bourse.



N.S.E Equities - Agricultural

Eaagads a further 6.54% to close at 57.00 Eagaads has posted a 185% 1
Year Return and is a fraction ahead of Scangroup which is 2nd this
Year at the Nairobi Bourse.
Kakuzi traded 46,500 shares and firmed 0.571% to close at 88.00.
Rea Vipingo closed 0.586% better at 17.15 and traded 20,300 shares.
Sasini Tea eased 10 cents to close at 14.50 and traded 31,700 shares.



N.S.E Equities - Commercial & Services

SAFARICOM

shares volume     11,696,800
total turnover     57,304,440
avg price     4.90 +1.03%
high price     4.95
low price     4.85
last price     4.85

Conclusions

Safaricom firmed 1.03% to close at 4.90 and traded 5th overall with
11.696m shares worth 57.304m changing hands. Safaricom will report 1st
Half Results next week, I believe and that will set the Tone going
forward. I think the Price has built in too large a Concession and a
Relief Rally through 5.00, in sight.

ScanGroup was the most active share at the Nairobi Bourse. Scangroup
rallied 2.22% to close at 69.50 and traded a 67.50-70.00 range and
1.086m shares worth 76m. ScanGroup has posted a 183.109% 1 Year Return
and is now 8.55% below its Record Closing High of 76.00 from 7th
October.

ScanGroup share price data www.rich.co.ke
http://bit.ly/c1tljc

Par Value:                  1/-
Closing Price:          68.00
Total Shares Issued:          234,570,016
Market Capitalization:        15,951M
EPS:            1.81
PE:                37.569

Kenya Airways was unchanged at 44.75 and traded 122,700 shares. Kenya
Airways will release 1st Half Results imminently.

TPS Serena firmed 1.44% to close at 70.50 taking its 1 Year Gain to
105.887% and this is a 37 Month Closing High. Serena is the only
listed Tourism Counter at the Bourse and Investors are reaching for
Exposure after what has been a High Beta Tourism Rebound.Serena
traded. TPS Serena traded 23,400 shares and the Supply has been
effectively mopped up.

Access Kenya traded 99,900 shares and closed 5 cents better at 17.35.

Nation traded 5,500 shares and closed a shilling lighter at 163.00.
Standard traded 900 shares and closed lower at 47.75.

CMC Holdings was lightly traded and closed 3.816% lower at 12.60 on
12,900 shares.
CarGen did not trade.



N.S.E Equities - Finance & Investment

Standard Chartered Bank was the 2nd most active share. StanChart
rallied 7.72% to close at 279.00 and traded a 260.00-280.00 range and
270,100 shares worth 75.522m. StanChart has posted a 107.087% 1 Year
Return and the [admittedly Bite size] Rights Issue oversubscribed.

Standard Chartered Bank share price data +107.087% 1 Year
http://bit.ly/1MoR3I

Par Value:                  5/-
Closing Price:          259.00
Total Shares Issued:          287,077,120
Market Capitalization:        74,353M
EPS:            15.90
PE:                16.289

52-Wk High (08/06/10)313.673

COOP Bank traded 4th and closed unchanged at 19.90. COOP Bank traded a
19.50-20.00 range and 2.933m shares worth 58.437m. COOP Bank has
posted a 137.791% 1 Year Return.
KCB was unchanged at 22.50 and traded a 22.50-23.00 range and 979,000
shares worth 22.233m. The Forward PE is just below 9.00 and hence I
see plenty of headroom. The CEO gave me no reason to be disinclined of
such a Notion at Mindspeak.
Equity Bank eased 1.9% to close at 25.75 and traded 770,400 shares
worth 19.917m.
Barclays Bank was unchanged at 67.00 and traded 37,500 shares.

HFCK was marked down 6.956% to close at 26.75 and traded 94,800
shares. That Looks overdone.
CFC StanBic traded 10,000 shares unchanged at 88.50.
DTB traded 10,600 shares and closed a shilling easier at 133.00.
NBK traded 27,600 shares and closed at 40.00 +0.628%
NIC closed 1.01% easier at 48.75 and traded 29,300 shares.

Centum closed at 23.50 -2.08% and traded 66,100 shares.

Kenya Re traded 29,800 shares and closed at 11.85.
Jubilee traded 2,900 shares and was unchanged at 195.00.
PanAfric did not trade.

Olympia Capital traded 2,300 shares all at 7.30.



N.S.E Equities - Industrial & Allied

EABL traded 3rd at the Bourse and retreated a shilling to close at
211.00. EABL traded a 201.00-212.00 range and 330,000 shares worth
69.86m. EABL is 2% below its all time closing high of 216.00 from 2008
and I expect that level to be threatened not before too long.

BAT traded 2,300 shares all at 280.00 and has once more matched its
all time Closing High at this Level.

KPLC eased 0.88% to close at 223.00. KPLC traded a 220.00-225.00 range
and 150,800 shares worth 33.73m. KPLC has posted a 64.31% 1 Year
Return but has retreated 16.165% off its 2010 High of 266.00 posted
21st September. KPLC Shareholders now await Pricing Details of the
Rights Issue.
KenGen retreated 2.23% to close at 17.55 and traded a 17.50-18.00
range and 107,000 shares.
Cables eased 0.28% to close at 18.05 and traded 33,700 shares.

KenolKobil firmed 1.86% to close at 10.95 and traded a 10.75-11.05
range and 2.909m shares worth 31.961m. KenolKobil has rallied 24.431%
from 8.80 lows seen when The Battle was being joined.
Total firmed 2.48% to close at 31.00 and traded 15,000 shares.

Bamburi Cement firmed 0.9636% to close at 208.00 and traded a
201.00-210.00 range and 123,900 shares worth 25.893m.
ARM traded 2,200 shares at an unchanged 176.00.
Portland traded 200 shares at an unchanged 115.00.

Mumias Sugar firmed 0.9216% to close at 10.95 and traded a 10.80-11.25
range and 719,600 shares.

Sameer rallied 3.125% to close at 8.25 and was trading at 8.45 +5.62%
at the Close. Sameer traded 78,900 shares.

BOC Kenya closed at 140.00 -2.1% and traded 700 shares.
Carbacid traded 500 shares at 148.00 -0.67%
Crown Berger did not trade.
Eveready was unchanged at 3.60 and traded 13,400 shares.
Unga closed lower at 11.70 and traded 16,100 shares.



by Aly Khan Satchu (www.rich.co.ke)
 
 
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November 2010
 
 
 
 
 
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