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Satchu's Rich Wrap-Up
Friday 03rd of December 2010

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 Latest Daily PodCast can be found here

World Bank Kenya Economic Update Edition 3 Kenya at the Tipping Point

Good Morning from #Nairobi meandering my way to the 8th Floor Twitpic

What is #Mindspeak ?

#Mindspeak Saturday 4th December 0930
Bob Collymore CEO Safaricom

I have noticed a bit of interest on Twitter via email @bobcollymore ->
Its just exploded

Mindspeak gets sexy Tomorrow with a Live Stream via

Liza Mucheru-Wisner at #Mindspeak RICH TV

Macro Thoughts

Rand You will note is once again entrenched below 7.00.

Home Thoughts

I woke up this Morning and changed My Routine. The Girls were full of
Sleep and I said to Each of them

'Who's Your Daddy?'

And I did not leave until They each

'You are Dad!'

I felt good with the World.

read more

South Korea’s New Defense Chief Threatens Air Strikes on North Bloomberg
Law & Politics

South Korea’s new defense minister vowed retaliation that would
include airstrikes if North Korea makes another attack following last
month’s deadly artillery bombardment.

“I will mobilize all combat capabilities available to severely punish
the enemy,” Kim Kwan Jin, former chairman of the Joint Chiefs of
Staff, said today at a confirmation hearing. “I will surely use
planes. This is a matter of self-defense.”

South Korean President Lee Myung Bak on Nov. 29 apologized for what he
called the military’s weak response to North Korea’s Nov. 23 shelling
of Yeonpyeong island, which killed two soldiers and two civilians.
South Korea’s military is preparing to carry out the first live-fire
artillery drills since the shelling along its disputed western sea
border with North Korea.


The Star The Hermit Kingdom

read more

Freezing Out Hope By PAUL KRUGMAN
World Of Finance

After the Democratic “shellacking” in the midterm elections, everyone
wondered how President Obama would respond. Would he show what he was
made of? Would he stand firm for the values he believes in, even in
the face of political adversity?

On Monday, we got the answer: he announced a pay freeze for federal
workers. This was an announcement that had it all. It was
transparently cynical; it was trivial in scale, but misguided in
direction; and by making the announcement, Mr. Obama effectively
conceded the policy argument to the very people who are seeking —
successfully, it seems — to destroy him.

Whatever is going on inside the White House, from the outside it looks
like moral collapse — a complete failure of purpose and loss of

It would be much easier, of course, for Democrats to draw a line if
Mr. Obama would do his part. But all indications are that the party
will have to look elsewhere for the leadership it needs.


Things have fallen apart.

read more

WikiLeaks Evolves The New Yorker
Law & Politics

With the American embassy cables, Assange contacted the State
Department personally to ask for the government’s input. On November
26th, he wrote to the U.S. Ambassador to the United Kingdom, and said,
“WikiLeaks would be grateful for the United States Government to
privately nominate any specific instances (record numbers or names)
where it considers the publication of information would put individual
persons at significant risk of harm that has not already been
addressed.” Assange even noted—without irony, it seems—that “WikiLeaks
will respect the confidentiality of advice provided by the United
States Government and is prepared to consider any such submissions
made without delay.” Needless to say, the Obama Administration
declined his offer and demanded that he return all of the cables. “We
will not engage in a negotiation regarding the further release or
dissemination of illegally obtained U.S. Government classified
materials,” a State Department lawyer responded, even as the
government appears to have engaged in similar negotiations with the
New York Times, for the newspaper’s packaging of a subset of the same

Since its inception, WikiLeaks has focussed on “untraceable mass
document leaking.” This is a novel phenomenon, one that Assange and
conventional media must reckon with. The Pentagon Papers were a mass
document leak, but in a sense they formed a single work of history and
analysis. Assange’s most recent leaks are aggregations of thousands of
disconnected but related reports. They are database leaks. And they
suggest a different kind of whistleblower at work: someone whose goal
is not to reveal a single act of abuse (and who may not even be
entirely familiar with all of the material being turned over), but
rather to open up the inner workings of a closed and complex system,
to call the world in to help judge its morality. An upcoming leak that
Assange plans to publish involves tens of thousands of documents from
a large American bank. “There will be some flagrant violations,
unethical practices that will be revealed, but it will also be all the
supporting decision-making structures and the internal executive ethos
that comes out, and that’s tremendously valuable,” he recently told
Forbes. “Like the Iraq War Logs, yes there were mass casualty
incidents that were very newsworthy, but the great value is seeing the
full spectrum of the war. You could call it the ecosystem of

The database leak, while intended to reveal the ecosystem of behavior
within a particular institution, also creates a certain blinding or
distorting effect by suddenly making so much information available
simultaneously. Suppose Assange had decided to break apart the
database of State Department cables and release them in tiny
increments—without branding them together, under the name “Cablegate,”
and grandly announcing that they amounted to a single trove of 251,287
documents, but with the total number obscured, and the most
embarrassing bits culled and revealed in a multipart series over, say,
a twenty-month period. Suppose that on December 22nd, there was a
small news item in the Times about a few cables from Turkey, and on
March 12, 2011, there was an item in the paper about several cables
from Saudi Arabia. Would that look like the work of an anarchist—as
one columnist recently called Assange—or an act of espionage or
terrorism, or would it simply look like news?


The Information Stream has burst its Banks and we have entered a New
Normal. To Rail against Assange is not unlike King Canute. A Waste of
Time. Aly-Khan Satchu www.rich.co.ke Nairobi

read more

Currency Markets at a Glance WSJ
World Currencies

Euro 1.3204
Pound 1.5594
Yen 83.69
Rand 6.9062 N.B
Aussie 0.9753
India Rupee 45.115
Brazil Real 1.6957
South Korea Won 1144.10

Euro found support after reports emerged that the ECB was a larger
buyer in peripheral euro-zone bond markets Thursday, helping to
further narrow spreads between peripheral and German bonds.

Euro Dollar 1 Month Chart INO 1.3204 Last

read more

World Equity Markets at a glance
World Of Finance

The Dow Jones Industrial Average finished Thursday up 106.63 points,
or 0.95%, to 11362.41. The blue-chip index has gained 3.2% in the
first two days of December, its largest two-day rise since July 8.

read more

Word Jay-Z’s “Decoded” and the language of hip-hop New Yorker

Last year, an English professor named Adam Bradley issued a manifesto
to his fellow-scholars. He urged them to expand the poetic canon, and
possibly enlarge poetry’s audience, by embracing, or coöpting, the
greatest hits of hip-hop. “Thanks to the engines of global commerce,
rap is now the most widely disseminated poetry in the history of the
world,” he wrote. “The best MCs—like Rakim, Jay-Z, Tupac, and many
others—deserve consideration alongside the giants of American poetry.
We ignore them at our own expense.”

The manifesto was called “Book of Rhymes: The Poetics of Hip Hop”
(Civitas; $16.95), and it used the terms of poetry criticism to
illuminate not the content of hip-hop lyrics but their form. For
Bradley, a couplet by Tupac Shakur—

Out on bail, fresh outta jail, California dreamin’
Soon as I stepped on the scene, I’m hearin’ hoochies screamin’

—was a small marvel of “rhyme (both end and internal), assonance, and
alliteration,” given extra propulsion by Shakur’s exaggerated stress
patterns. Bradley also celebrated some lesser-known hip-hop lyrics,
including this dense, percussive couplet by Pharoahe Monch, a cult
favorite from Queens:

read more

Postcard from Atlanta: Southern Hip-Hop Photo Booth New Yorker

In the fall of 2009, Princess, of Crime Mob, shot a video at Opera,
one of the bigger clubs in Midtown.

read more

Live Crude Oil chart 87.71 Last
Minerals, Oil & Energy

Crude prices settled at a two-year high, rising to $88 a barrel as
economic data in the U.S. and actions in the euro zone to support debt
markets lifted hopes for oil demand.Light, sweet crude for January
delivery settled $1.25, or 1.4%, higher on the New York Mercantile

read more

Soft Commodities at a Glance INO

Cocoa CC.Z10.E    Dec 2010 (E)    2836    +128    +4.48%   
Coffee KC.Z10.E    Dec 2010 (E)    203.4    +0.1            +0.05%   
Cotton CT.Z10.E    Dec 2010 (E)    137.34    +5.39    +3.99%   
Sugar  SB.H11.E    Mar 2011 (E)    28.45    0.00    0.00%   

Cocoa Dec 2010 1 Year Chart INO 2836 +128 (+4.48%)

Last Price    2836
Contract High    3497
Contract Low    2280
First Delivery    2010-12-30
Expiration    2010-12-14


Cote D'Ivoire News Flow must have percolated through yesterday.

Cotton Dec 2010 INO 1 Month Chart 137.34 +5.39 (+3.99%)

Last Price    137.34
Contract High    157.23
Contract Low    53.87
First Delivery    2010-12-21
Expiration    2010-12-07


We will see New All Time Highs.

read more

China’s Bullet Trains With World’s Most Tracks Double Shares Bloomberg
Tourism, Travel & Transport

Zhu Yi used to nap on the five-hour train ride home to Wuhan from
Zhuzhou in central China. Now that a fast rail line has cut the trip
to an hour and 40 minutes, he can spend more time selling
information-management systems.

Before, “it took three days to get a project done,” said Zhu, 31, a
sales manager for Beijing Lanxum New Technology Co. in Wuhan. “Now
it’s so fast I can work out a solution for the client and be back home
on the same day.”

The view from Zhu’s reclining seat shows how China’s push to build a
16,000-kilometer high-speed passenger network by 2020 is carrying
China’s industrial boom inland. All along the trackside are earth
movers and excavators clearing land and beginning construction. They
merge into a blur as the express accelerates to 350 kilometers (218
miles) an hour.

The country’s planned 2 trillion yuan ($300 billion) in spending will
give it almost as much track by 2012 as the entire rest of the world,
even before the network is completed.

The new trains will transform China’s economy in the way bullet trains
did in Japan in the 1960s and 1970s, according to Beijing-based China
International Capital Corp., the top-ranked brokerage for China
research in Asiamoney magazine’s annual survey.

“China’s high-speed rail program is altering the landscape of consumer
and property markets,” said Jing Ulrich, JPMorgan Chase & Co.’s China
equities and commodities head in Hong Kong.

China’s bullet-train spending has buoyed rail stocks since a
4-trillion-yuan stimulus was announced in November 2008. Shares of
Dalian-based China Railway Tielong Container Logistics Co., which
provides railroad, truck and water transportation services, have risen
2.5 times since then. China Railway Erju Co. in Chengdu, which designs
and builds railways, has more than doubled.

The nation’s $90 billion in spending on the network last year far
exceeds the $8 billion that President Barack Obama allocated in
stimulus for U.S. fast trains earlier this year.

The difference “is a confirmation of China’s rise and an indication of
U.S. demise,” said Nicholas Lardy, a senior fellow at the Peterson
Institute for International Economics in Washington. “We in the U.S.
are doing little to nothing and will pay a price in slower growth now
and in the future.”

China has more than 7,000 kilometers of high-speed track so far. By
2012, Beijing plans to have 42 lines in operation, covering 13,000
kilometers. Within a decade all provincial capitals and cities with
more than 500,000 citizens will have high-speed links, the Ministry of
Railways says. Already, the Chinese rail system is larger than any
other country’s, according to the Paris-based International Union of

Critics in China, including professors at Peking University and
Beijing Jiaotong University, say the network’s high cost makes it
financially unviable in a country where the average urban worker made
32,244 yuan last year, less than one-eighth of the $39,054 average
wage in the U.S., according to data from the U.S. and Chinese

China's high-speed rail system, already the world's largest, will give
the country twice as much track as the rest of the world combined,
even before the network is complete.


Its so extraordinary.

read more

Top Guinea court confirms Conde as president Reuters
Law & Politics

Guinea's Supreme Court named long-time opposition campaigner Alpha
Conde president on Friday, throwing out complaints of electoral fraud
by his rival, former prime minister Cellou Dalein Diallo.The November
7 run-off poll was Guinea's first free vote since independence from
France in 1958 and is meant to draw a line under almost two years of
military rule in the world's top exporter of the aluminium ore


"Mr Alpha Conde, candidate of the RPG party, having won a majority
with 52.52 percent of votes cast, is elected president of the Republic
of Guinea," Court President Mamadou Sylla told a news conference.

read more

UN council issues warning on Ivory Coast election Reuters
Law & Politics

The U.N. Security Council warned Ivory Coast on Thursday that it is
prepared to take action against anyone thwarting the electoral process
after the West African nation announced provisional voting results.

"The members of the Security Council reiterated their readiness to
take the appropriate measures against those who obstruct the electoral
process and, especially, the work of the IEC (Independent Electoral
Commission)," U.S. Ambassador to the United Nations Susan Rice told

Rice holds the rotating council presidency this month.

"Appropriate measures" is a diplomatic code word for sanctions.

An aide to incumbent President Laurent Gbagbo told Reuters that the
provisional results giving presidential challenger Alassane Ouattara
victory in Ivory Coast's election are "not legally valid."

read more

Cote d'Ivoire [Ivory Coast] borders ordered shut Aljazeera
Law & Politics

"The land, air and sea borders are closed to all movement of people
and goods from this Thursday at 8:00 pm (2000 GMT) until further
notice," the army said in a statement on state television on Thursday.

A separate statement said authorities would jam foreign television and
radio signals.

Al Jazeera's Yvonne Ndege, reporting from Abidjan, the capital, said
the main airport there was also being closed.

read more

Singapore's Olam says enters $200 mln Nigerian sugar venture Reuters

Singapore's commodity company Olam International said on Friday it has
entered into a joint venture to set up a $200 million sugar refinery
in Nigeria.The company, in which Singapore state investor Temasek
Holdings has 14 percent stake, said it controls 80 percent of the
venture, while Lababidi Group holds the remaining 20 percent.

"The total project cost amounts to approximately $200 million, which
is expected to be phased over three years from FY 2011 to FY 2013,"
Olam said in a statement.

read more

What Kenya must do to remain on a steady growth path Business Daily WOLFGANG FENGLER and JANE KIRINGAI
Kenyan Economy

Over the last three decades, Kenya has seen growth exceed five per
cent for three consecutive years or more only twice: In 1986-1988 and
2004-2007. Is Kenya again on the verge of another growth spurt? Will
it last longer than the previous two episodes?

read more

UBA Plans to Spend $50 Million in Kenya on Acquisition Branches Bloomberg
World Of Finance

UBA Plc, Nigeria’s fourth-largest bank, will inject $50 million into
its Kenyan unit in the first half of 2011 to fund a possible
acquisition and open more branches, UBA Kenya Bank Ltd. Managing
Director Manz Denga said.

The funds will help cushion the lender against operating losses that
resulted from setting up operations in East Africa’s biggest economy,
Denga said in an interview on Dec. 1 in Nairobi, the Kenyan capital.
He didn’t elaborate on the bank’s acquisition plans. The loss totaled
92 million shillings ($1.1 million) in the nine months through
September, he said.

UBA became the second West African bank to invest in Kenya in October
2009, after Ecobank Transnational Inc., the Togolese lender that
operates in 29 African countries, bought East Africa Building Society
Bank in June 2008.

“In our first year of operation, we have recorded losses due to the
huge capital expenditure outlay in setting up operations, but with the
new capital we will stabilize our performance and start recording
profits,” Denga said.

UBA, based in Lagos, currently has three branches in Kenya and will
open three more by February 2011. The lender has offices in 16 African

The bank plans to offer insurance products in Kenya through UBA
Metropolitan, a partnership with MMI Holdings Ltd., the South African
insurer formerly known as Metropolitan Holdings Ltd. It also has
long-term mortgage facilities aimed at enhancing home ownership in the
country, Denga said.

Other services in the pipeline include credit cards and
asset-financing facilities, he said, without elaborating.

UBA’s shares have risen 1 percent so far this year, underperforming a
19 percent advance in the Nigerian Stock Exchange’s benchmark
All-Share Index over the same period.

read more

Kenya Stocks Drop Ninth Day, Worst Losing Streak in 1 1/2 Years Bloomberg
N.S.E General

Kenya’s main stock index fell for a ninth day, led by declines in the
local units of Diageo Plc, the world’s largest liquor maker, and
Standard Chartered Bank Plc.The 55-member Nairobi Stock Exchange All
Share Index closed 0.9 percent lower at 78.78 as of 3 p.m. in Nairobi,
the lowest since Sept. 9. It was the fourth-worst performance
worldwide among almost 90 major indexes tracked by Bloomberg News. The
gauge has fallen 6.8 percent in the past nine trading sessions, the
longest streak of losses since March 2009.

“Fund managers are closing positions to re-evaluate performance for
2010 and start strategizing for 2011,” George Bodo, a research analyst
at Nairobi-based Genghis Capital Ltd., said in a phone interview. “The
drop has been significant because generally there has been a trend of
profit taking. It is called ‘the Santa Claus effect.’”

The All-Share Index has still advanced 35 percent this year, outpacing
a 14 percent gain in the MSCI Frontier Markets Index during the same

East African Breweries Ltd., 43 percent owned by Diageo, slumped 1.9
percent to 208 shillings, the lowest in a month and paring its
increase this year to 43 percent.

“The decline is because retail investors are taking profit,” Renaldo
D’souza, an analyst at Nairobi-based Genghis Capital Ltd., said in a
telephone interview today. The stock reached the highest since May
1997 on Nov. 19.

Standard Chartered Bank Kenya Ltd., the East African nation’s
third-biggest lender by market value, declined 1.6 percent to 261
shillings on the first day the stock traded without the right to a
dividend of 4.75 shillings. Barclays Bank of Kenya Ltd. slumped for a
sixth day.

Drill into any Share at the Nairobi Stock Exchange from here

read more

Safaricom share price Data 1st Half Results here www.rich.co.ke
N.S.E Equities - Commercial & Services

Par Value:                  0.05/-
Closing Price:          4.55
Total Shares Issued:          40,000,000,000
Market Capitalization:        182,000M
EPS:            0.38
PE:                11.974

Swot Analysis Key Highlights 6 months to 30 Sep 2010 versus to 30 Sep 2009
EPS 0.193 versus 0.168 +14.9%
Revenue 47.111850b versus 40.660829b +15.9%
PAT 7.630591b versus 6.631898b +15.1%
16.71m Customers
CAPEX was 10.1b
Customer Market share 76.7% from 78.3 -> Note Well They lost only 1.6%
Data Revenue as a Percentage of Total Revenue 23.8% versus 17.7% in Sep 2009
Blended ARPU 456.6 versus 466 previous Kenya Data 3.61m #Data Users 9%
of #Kenya Population

read more

N.S.E Today

The NSE could not snap a 10 Day losing run the longest string of
consecutive losses for nearly 2 Years.
The decline might now be basing out.
The NSE20 was down 3.4 points to close at 4385.03.
The NASI was down 0.04 points to close at 97.36.
Market Cap was 1.161529 Trillion versus 1.161997 Trillion last time.
Equity Turnover was 317.822m versus 298.469m last time around.

N.S.E Equities - Agricultural

Williamson Tea traded 3rd at the Bourse. Williamson Tea rallied
4.19125% to close at 174.00 and traded a 167.00-175.00 range.
Williamson Tea traded 153,500 shares worth 26.855m. Williamson Tea
trades on a Trailing PE of 1.732 and made 50.50 1st Half which puts
the Forward below 2.00 as well. That means You can Buy this Company on
a Price of less than 2x its Annual Earnings, which is inexpensive
anyway You cut it.

Williamson Tea share price data and 1st Half Results from www.rich.co.ke

Par Value:                  5/-
Closing Price:          167.00
Total Shares Issued:          8,756,320
Market Capitalization:        1,462M
EPS:            96.42
PE:                1.732

Kakuzi rallied 7.92% to close at 88.50 and traded 100 shares.
Sasini Tea firmed 5 cents to close at 12.80 and traded 33,200 shares.
Rea Vipingo traded 6,200 shares and closed at 15.65.

N.S.E Equities - Commercial & Services


shares volume 3,006,700
total turnover     13,713,455
avg price     4.56 CLOSING PRICE 4.44 Unchanged
high price     4.60
low price     4.50
last price     4.55


Safaricom traded 5th at the Bourse and closed unchanged at 4.55.
Safaricom trades on a Trailing PE of less than 12.00 and The Price is
well supported here with a Demand versus Supply Equation of 8-5 and
thinning Supply. A Bounce towards 5.00 is overdue. Do Remember to come
to Mindspeak tomorrow at WestGate Mall in the Morning where the CEO
Bob Collymore is the Guest.

Scangroup rallied 4.34% to close at 60.00 and traded 96,900 shares.

Kenya Airways was unchanged at 46.00 and traded 80,600 shares.

Access Kenya eased back 5 cents to close at 16.00 and traded 279,500
shares. Access Kenya has bounced off 15.55 which was a fresh 52 week

Nation bounced 1.89% to close at 161.00 and traded 15,400 shares.
Standard trade a 100 shares and closed at 45.00.

CMC Holdings firmed 10 cents  to close at 12.10 and traded 40,700 shares.
Cargen traded 100 shares at 50.00 and unchanged.

TPS Serena was unchanged at 68.00 and traded 35,400 shares.

N.S.E Equities - Finance & Investment

Kenya Commercial Bank was the most active share at the Bourse today.
KCB firmed 1.15% to close at 22.00 and traded a 21.25-22.25 range and
4.649m shares worth 102.268m. KCB earned 2.52 through the 3rd Quarter
and if we extrapolate that on a Straight Line Basis, I come up with
3.36 Full Year. Thats an Implied PE of 6.54.

KCB 3rd Quarter Earnings Release and share price data www.rich.co.ke

Par Value:                  1/-
Closing Price:          21.75
Total Shares Issued:          2,950,169,088
Market Capitalization:        64,166M
EPS:            1.84
PE:  11.821

Martin O-O's #Mindspeak Presentation is here

Martin O-O Video at #Mindspeak RICH TV

Equity Bank traded 2nd at the Bourse. Equity Bank closed unchanged at
26.00 and traded a 25.75-27.75 range and 2.259m shares worth 58.801m.
Equity Printed a high today of 27.75 at the Open and that was its 2010
Closing High Level.
Barclays Bank bounced 0.833% to close at 60.50 and traded 83,600
shares. Barclays Bank is at the Low of the Trading Range some 13.54%
off its 2010 Closing High of 70.00.
COOP Bank was unchanged at 19.00 and traded 649,700 shares.
StanChart eased 0.766% to close at 259.00 and traded 7,200 shares.

DTB was unchanged at 130.00 and traded 71,300 shares.
HFCK retreated 1.96% to close at 25.00 and traded 52,400 shares.
NIC retreated 25 cents to close at 48.00 and traded 145,900 shares.
NBK traded 84,900 shares and shaved off 25 cents to close at 38.25 and
remember the Government is seeking a Strategic Investor this Financial
CFC StanBic eased 1.24% to close at 79.50 and traded 11,100 shares.

Centum was unchanged at 23.00 and traded 47,600 shares.

Kenya Re snapped back 4.09% to close at 11.45 and traded 93,100 shares.
Jubilee traded 8,300 shares at 189.00 unchanged.
PanAfric did not trade.

Olympia Capital traded 16,900 shares and closed at 6.50.

N.S.E Equities - Industrial & Allied

EABL traded 4th and eased a further 0.96% to close at 206.00. EABL
traded a 206.00-210.00 range and 71,700 shares. EABL closed 10
sessions ago at an all Time Closing High of 225.00 and has retreated
8.44% from that all time Closing High. Diageo holds 43% of the shares
in EABL. The Move higher was on heavy Volume, the Move lower on
considerably lower Volume.

Kenya Power retreated 2.06% to close at 23.75 and traded 321,700 shares.
The Rights firmed 5 cents to close at 3.00 and traded 865,700 times.
The Rights Shares are being sold at 19.50.
KenGen firmed 1.54% to close at 16.40 and traded 197,700 shares. The
Decision around the Secondary Tranche of Shares worth 19% of the
Company is set to be made in February apparently.
Cables traded 43,100 shares and closed unchanged at 15.50.

Eveready bounced another 5.35% to close at 2.95 and traded 63,000 shares.
Sameer however closed 3.478% lower at 5.55 and traded 149,300 shares.

BAT traded 6th and closed unchanged at 278.00. BAT traded a
277.00-279.00 range and 44,900 shares worth 12.526m. BAT has posted a
67.808% 1 Year Return and traded a 300 all Time High 11th August. It
has an aggressive Dividend Pay Out Policy.

Mumias Sugar was unchanged at 9.55 and traded 512,600 shares.

KenolKobil was unchanged at 9.80 and traded 202,800 shares.
Total traded 1,900 shares and closed unchanged at 29.00.

Bamburi Cement was marked down 1.538% to close at 192.00 on low Volume
of 1,500 shares.
ARM eased a shilling to close at 172.00 and traded 1,300 shares.
Portland did not trade.

Unga was at 10.15 and traded 43,100 shares.

Carbacid improved a shilling to close at 145.00 and traded 1,400 shares.
BOC Gases did not trade.
Crown Berger did not trade.

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

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