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Group Research

Databank

AFRICA DAILY

Leadership

DAILY REPORT ON AFRICAN STOCK MARKETS

OVERVIEW

MARCH 25, 2009

PERFORMANCE OF STOCK MARKETS ACROSS AFRICA STOCK MARKET COUNTRIES South Africa Namibia Morocco Zambia Malawi Mauritius Uganda Botswana Tunisia Ghana Tanzania BRVM Egypt Kenya Nigeria

P/E (X)

MKT CAP (US$BN)

LATEST INFLATION (%)

na 8.70 na 13.57 12.24 8.50 10.12 11.60 11.60 26.25 na na 5.22 10.83 na

na 138.52 61.93 4.93 1.55 2.72 2.25 4.35 5.06 12.64 3.73 5.70 95.77 7.76 30.01

13.7 12 4.8 14.2 9.1 9.8 15.2 15.1 5.29 20.34 9.8 na 23.6 28.2 13.9

CHANGE (%)

NAME

INDEX LEVEL

DAILY [USD]

JSE All Share Overall MASI All Share Domestic SEMDEX ALSI DCI TUNINDEX DSI DSEI BRVM Comp EGX 30 NSE 20 All Share

21257.6 500.3 10531.5 2209.6 3973.3 1013.2 605.7 6493.7 3076.9 10346.5 1232.5 150.0 4167.2 2619.5 19959.9

1.74% 1.02% 0.47% 0.31% 0.24% 0.22% 0.00% -0.13% -0.32% -0.45% -0.55% -0.73% -1.41% -1.90% -2.13%

YTD (LC)

YTD (USD)

-1.17% -10.07% -4.12% -12.98% -17.47% -14.33% -22.28% -7.70% 6.38% -13.10% -0.60% -15.84% -9.34% -25.61% -36.54%

-1.01% -8.64% -7.26% -21.82% -16.62% -15.96% -25.57% -7.96% 1.76% -22.84% -0.09% -19.17% -10.45% -25.40% -40.40%

Global Commodities

Oil ($) 60

MUTUAL FUNDS [MARCH 24, 2009]

50

FUND NAME

PRICE

CHANGE (GH¢)

YTD (%)

40

Epa¢k Investment Fund

0.7418

0.0013

-10.91%

30

Balanced Fund (Bid)

0.1086

0.0000

Balanced Fund (Offer)

0.1097

0.0001

-7.73%

20 10

25-Mar-09

16-Mar-09

7-Mar-09

25.08%

26-Feb-09

0.0000

17-Feb-09

0.0001

0.2059

8-Feb-09

0.2044

MFund (Offer)

0 30-Jan-09

MFund (Bid)

ANNUALIZED YIELD

21-Jan-09

CHANGE (GH¢)

12-Jan-09

PRICE

3-Jan-09

FUND NAME

Gold ($)

COMMODITIES MARKET

1,000.00

Gold

862.90

921.20

934.60

800.00

Cocoa

2,569.00

2,608.00

2,590.00

600.00

Coffee

109.25

117.00

116.70

Oil

39.19

53.28

52.20

400.00 200.00

25-Mar-09

16-Mar-09

7-Mar-09

26-Feb-09

17-Feb-09

8-Feb-09

0.00 30-Jan-09

25-MAR-09

21-Jan-09

24-MAR-09

12-Jan-09

YEAR OPEN

3-Jan-09

CDTY/METAL($)

1,200.00


Databank GHANA

ETI BACK DOWN

MARKET STATISTICS INDICATOR DSI (GH ¢) DSI (US$) GSE (GH ¢) Mkt. Cap (GH¢’bn) P/E (x) Dividend Yield (%) Earnings Yield (%)

CURRENCY MARKET

LEVEL

CHANGE (%)

YTD (%)

10,346.48 0.76 9,291.93 17.27 26.25 2.08 3.81

-0.45% -0.45% -2.51% -0.78% -0.54 0.04 0.08

-13.10% -22.84% -10.93% -2.88% − − −

CURRENCY Dollar Pound Euro

EQUITY [TICKER]

SECURITY

PRICE (GH¢)

CHANGE (%)

YTD (%)

0.42

▼4.55%

-6.67

CHANGE (%)

YTD (%)

1.3666 1.9975 1.8372

0.00% 0.20% 1.23%

-11.21% -11.95% -6.91%

FIXED INCOME

LOSER

ETI

LEVEL

YEAR OPEN

16-MAR-09

23-MAR-09

91 Day

24.66

25.35

25.49

182 Day 1 Year Note 2 Year Note 3 Year Note

26.18 20.00 21.00 -

27.16 20.00 21.00 -

27.29 20.00 21.00 -

Inflation

ECONOMIC INDICATORS 20.34%*

Prime Rate *February 2009

18.50%*

ETI recorded its second decline of the week sending the Databank Stock Index [DSI] lower by 0.45% to 10,346.48 points. The year-to-date loss is -13.10%.

Databank Stock Index [DSI] Trend Graphs

Volume of shares traded dropped by 62% to 196,966 shares while aggregate turnover slumped 57% to GH¢89,953.07. GCB again traded highest volume and turnover at 98% and 96% respectively.

12,500 12,000 11,500 11,000 10,500 10,000 9,500 9,000 8,500

Africa Daily

25-Mar-09

16-Mar-09

7-Mar-09

26-Feb-09

17-Feb-09

8-Feb-09

30-Jan-09

21-Jan-09

12-Jan-09

3-Jan-09

8,000

2


RETURN ANALYSIS SHEET (GH¢) 12 Month High (¢) Low (¢)

Listed Equity

0.62

0.54

38.00

26.77

1.49

1.14

1.33

1.33

Banking Industry (Participants, Averages) Cal Bank Ecobank Ghana Limited Ecobank Transnational Incorporated Ghana Commercial Bank HFC Bank Standard Chartered Bank SG-SSB Trust Bank Ltd (The Gambia)

0.33

0.28

Non Bank Financial Services (Participants, Averages) UT Financial Services Ltd.

0.70

0.34

4.80

2.56

2.32

0.42

1.38

0.45

Ticker Year Open (GH¢)

Day Open (GH¢)

Day Close (GH¢)

Day-on-Day Change

Year-to Date Change

Market Statistics Volume Turnover (GH¢)

CAL EBG ETI GCB HFC SCB SG-SSB TBL

0.60 4.50 0.45 1.10 0.62 38.00 1.35 1.33

0.34 3.48 0.44 0.45 0.62 38.00 1.14 1.33

0.34 3.48 0.42 0.45 0.62 38.00 1.14 1.33

0.00% 0.00% -4.55% 0.00% 0.00% 0.00% 0.00% 0.00%

-43.33% -22.67% -6.67% -59.09% 0.00% 0.00% -15.56% 0.00%

704 512 940 192,203 0 0 0 0

239 1,782 395 86,491 0 0 0 0

13.93 5.18 16.71 15.09 3.17 17.86 20.15 10.76 16.61

3.92 1.76 6.57 4.31 0.57 5.28 7.47 2.64 5.15

2.41 3.09 4.74 1.27 12.22 0.00 3.82 2.63 1.59

UT

0.33

0.28

0.28

0.00%

-15.15%

0

0

11.13 11.13

3.50 3.50

P/E (x)

KEY FINANCIAL RATIOS P/BVS (x) Div. Yield (%) ROE (%)

EPS (¢)

Per Share Data DPS (¢)

BVS (¢)

Capitalisation (GH¢)

28.11 33.97 39.34 28.54 18.10 29.59 37.10 24.51 30.99

0.07 0.21 0.14 0.14 0.03 1.89 0.11 0.08

0.01 0.16 0.03 0.06 0.00 1.45 0.03 0.02

0.19 0.53 0.49 0.78 0.12 5.08 0.43 0.26

4,571,258,434 56,146,030 561,063,000 2,845,402,545 119,250,000 78,797,263 668,649,596 162,450,000 79,500,000

3.61 3.61

31.40 31.40

0.03

0.01

0.08

59,005,100

4.50 2.85 4.77

2.19 0.87 2.32

24.54 10.47 26.82

0.00 0.10

0.00 0.04

0.04 0.38

325,095,405 28,686,750 296,408,655

Brewery Industry (Participants, Averages) Accra Brewery Guinness Ghana Breweries

ABL GGBL

0.12 2.00

0.12 1.80

0.12 1.80

0.00% 0.00%

0.00% -10.00%

0 386

0 695

18.34 27.24 17.78

Consumer Goods Industry (Participants, Averages) PZ Cussons Super Paper Products Unilever Ghana

PZ SPPC UNIL

1.12 0.10 4.00

1.20 0.10 3.50

1.20 0.10 3.50

0.00% 0.00% 0.00%

7.14% 0.00% -12.50%

0 100 0

0 10 0

10.37 9.58 nm 9.84

2.63 1.84 1.66 2.84

3.15 0.88 0.00 3.54

25.34 19.16 -56.23 28.87

0.13 -0.03 0.36

0.01 0.00 0.12

0.65 0.06 1.23

255,594,000 33,600,000 3,244,000 218,750,000

CFAO MLC TOTAL GOIL PBC

0.04 0.21 7.60 0.32 0.21

0.04 0.21 7.60 0.30 0.21

0.04 0.21 7.60 0.30 0.21

0.00% 0.00% 0.00% 0.00% 0.00%

0.00% 0.00% 0.00% -6.25% 0.00%

0 0 0 0 100

0 0 0 0 21

17.95 3.57 6.99 18.68 15.17 47.76

2.55 1.08 0.84 1.76 2.54 13.71

2.01 2.35 2.86 3.61 2.33 0.00

14.21 30.35 12.00 9.45 16.77 28.70

0.01 0.03 0.41 0.02 0.00

0.00 0.01 0.27 0.01 0.00

0.04 0.25 4.31 0.12 0.02

290,326,353 9,669,968 10,520,144 106,280,368 63,055,872 100,800,000

FML

4.50

4.50

4.50

0.00%

0.00%

21

0

14.62 14.62

6.40 6.40

1.28 1.28

43.79 43.79

0.31

0.06

0.70

89,030,466 89,030,466

Manufacturing Industry (Participants, Averages) Aluworks Camelot Ghana Cocoa Processing Company Pioneer Kitchenware Limited Sam Woode Limited

ALW CMLT CPC PKL SWL

0.61 0.16 0.05 0.07 0.03

0.56 0.16 0.05 0.07 0.03

0.56 0.16 0.05 0.07 0.03

0.00% 0.00% 0.00% 0.00% 0.00%

-8.20% 0.00% 0.00% 0.00% 0.00%

0 0 0 0 0

0 0 0 0 0

nm nm 17.75 153.54 nm 3.17

2.07 3.10 2.73 1.83 2.45 1.17

0.03 0.00 2.81 0.00 0.00 0.00

-7.39 -45.92 15.36 1.19 -22.76 36.91

-0.08 0.01 0.00 -0.01 0.01

0.00 0.00 0.00 0.00 0.00

0.18 0.06 0.03 0.03 0.02

85,642,497 23,339,630 1,046,752 58,343,791 2,333,882 578,443

Mining Industry (Participants, Averages) AngloGold Ashanti AngloGold Ashanti Ghanaian Depository Shares Golden Star Resources

AGA AADs GSR

30.00 0.35 3.10

30.00 0.30 3.10

30.00 0.30 3.10

0.00% 0.00% 0.00%

0.00% -13.04% 0.00%

0 0 0

0 0 0

nm nm nm -4.57

3.19 4.57 0.04 1.28

0.74 0.79 1.01 0.00

-26.38 -26.08 -26.08 -27.92

-1.71 -1.79 -0.68

0.24 0.00 0.00

6.56 6.87 2.43

11,364,735,022 10,605,545,550 29,366,048 729,823,424

Insurance Industry (Participants, Averages) Enterprise Insurance State Insurance Company

EIC SIC

3.14 0.50

2.95 0.39

2.95 0.39

0.00% 0.00%

-6.05% -22.00%

0 0

0 0

14.95 26.97 10.38

2.34 4.84 1.55

1.72 0.51 2.92

15.68 17.93 14.96

0.11 0.04

0.02 0.01

0.61 0.25

151,724,067 75,422,517 76,301,550

CLYD TRANSOL

0.08 0.11

0.08 0.11

0.08 0.11

0.00% 0.00%

0.00% 0.00%

0 0

0 0

nm nm nm

3.41 4.82 3.13

1.74 0.00 2.27

-17.72 -8.30 -19.61

0.00 -0.01

0.00 0.00

0.02 0.04

11,520,000 2,720,000 8,800,000

Agro-Processing Industry (Participants, Averages) Benso Oil Palm Plantation Golden Web Limited

BOPP GWEB

1.00 0.05

0.88 0.05

0.88 0.05

0.00% 0.00%

-12.00% 0.00%

0 0

0 0

5.16 4.81 nm

1.67 1.69 1.34

1.63 1.70 0.00

32.32 35.15 -13.55

0.18 -0.01

0.02 0.00

0.52 0.04

32,122,315 30,624,000 1,498,315

Pharmaceuticals Industry (Participants, Averages) Ayrton Drug Manufacturing Starwin Products

AYRTN SPL

0.16 0.05

0.16 0.05

0.16 0.05

0.00% 0.00%

0.00% 0.00%

2,000 0

320 0

19.64 19.29 23.59

3.31 3.69 1.70

1.12 1.24 0.00

16.86 19.11 7.21

0.01 0.00

0.00 0.00

0.04 0.03

38,103,866 34,400,000 3,703,866

196,966

89,953

nm 26.25

3.33 3.03

1.29 2.08

-10.17 11.53

-0.04 0.02

0.02 0.01

0.43 0.19

17,274,157,525 6,639,245,927

0

0

0.12

0.12

2.55

1.45

1.20

0.85

0.10

0.03

4.60

2.21

0.04

0.04

0.21

0.21

7.60

5.56

0.40

0.25

0.24

0.21

Distribution & Trading Industry (Participants, Averages) CFAO Ghana Mechanical Lloyd Total Petroleum Gh. Ltd Ghana Oil Company Ltd Produce Buying Company

5.00

2.80

Food Industry (Participants, Averages) Fan Milk

0.71

0.56

0.17

0.16

0.05

0.05

0.08

0.07

0.03

0.03

30.00

30.00

0.35

0.30

3.10

3.10

3.30

1.79

0.63

0.37

0.08

0.08

0.12

0.11

1.30

0.55

0.06

0.05

0.17

0.13

0.05

0.04

ICT Industry (Participants, Averages) Clydestone Transactions Solutions Ltd

Market with AGA Market without AGA Preference Shares Standard Chartered Bank Preference Shares

SCB-P

0.52

0.52

0.52

*EPS for ABL is Half Year Ended September, 30 2008 *AGA's EPS for the FY ended December 2007 has been translated into cedis using the prevailing exchange rate *DPS for PZ is for FY Ended May 31, 2007 *TBL's EPS & DPS have been translated using a rate of $1 to D 20 *EPS for GGBL is for Trailing 12 Months Ended September 30, 2007 *EPS for TRANSOL, CLYD, ALW, EIC, SWL, GWEB, SPPC, is Q2 Trailing 12 months ended June 30, 2007 *ETI's issued shares goes up by 122,547,599 under the 1 for 10 bonus issue - November 30 2007 *DPS for MLC is FY ended December 31 2007 *EPS for EBG, CAL, ETI, GCB, SCB, TBL, SG-SSB, HFC, MLC, TOTAL, GOIL, SPL, FML, AYRTN, UNIL, BOPP, CMLT, SPPC, SPL, SWL, SIC and EIC is for trailing 12 months ended September 30, 2008

0.00%

0.00%


Databank EGYPT

BREAK IN EGX 30 GAINS

MARKET STATISTICS INDICATOR EGX 30 (EGP) EGX 30 ($) Mkt Cap (EGP) Mkt Cap ($’bn) P/E (x)

LIQUIDITY STATISTICS

LEVEL

CHANGE (%)

YTD (%)

4,167.24 734.70 5.22

-1.12% -1.41% -

-9.34 -10.45 -

TOP GAINERS EQUITY [TICKER] Egyptian Real Estate Orascom Development El Shams Housing Orascom Hotels & Dev’t Arab Ceramics

PRICE (EGP) 14.50 30.00 6.42 15.78 20.89

24-MAR-2009

25-MAR-2009

170,349,784 1,286,817,893 227.53

171,327,905 1,003,685,570 176.95

Volume of Shares Value (EGP) Value ($ million)

TOP 5 TRADES CHANGE (%) ▲20.83% ▲17.16% ▲15.53% ▲12.62% ▲12.49%

EQUITY [TICKER] TMG Holding Orascom Telecom Pioneers Holding EFG-Hermes Holding Orascom Construction

PRICE 3.57 1.17 1.35 1.17 4.14

VALUE TRADED (EGP) 108,814,893 21,969,162 19,940,817 21,969,162 42,612,255

TOP LOSERS EQUITY [TICKER] AJWA for Food Industries Sharkia National Food Arab Pharmaceuticals El Obour Metallurgical Ind. The Arab Dairy Products

PRICE (EGP) 80.00 46.01 32.39 94.00 51.55

CHANGE (%) ▼9.31% ▼5.42% ▼5.28% ▼5.19% ▼4.97%

CASE 30 [Trend Graph] 8,000.00

5 MOST ACTIVE SECTORS

7,000.00 6,000.00

VALUE TRADED (EGP)

VOLUME

Real Estate

262,820,163

58,761,322

Non Bank Financial Services

158,006,668

19,490,280

Construction & Materials

112,637,829

18,659,958

3,000.00

Telecommunications

101,009,202

4,171,556

2,000.00

Personal & Household Products

95,164,876

28,966,072

Africa Daily

5,000.00

23-Mar-09

20-Mar-09

17-Mar-09

14-Mar-09

8-Mar-09

11-Mar-09

5-Mar-09

27-Feb-09 2-Mar-09

24-Feb-09

21-Feb-09

18-Feb-09

9-Feb-09

15-Feb-09

12-Feb-09

6-Feb-09

3-Feb-09

31-Jan-09

28-Jan-09

22-Jan-09 25-Jan-09

19-Jan-09

16-Jan-09

13-Jan-09

7-Jan-09

10-Jan-09

4-Jan-09

4,000.00

1-Jan-09

SECTOR

3


Databank KENYA

NSE RECORDS MARGINAL GAINS

MARKET STATISTICS INDICATOR NSE 20 (Kshs) NSE 20 ($) Mkt Cap (Kshs’bn) Mkt Cap ($’bn) P/E (x)

LIQUIDITY STATISTICS

LEVEL

CHANGE (%)

YTD (%)

2,619.54 31.27 649.97 7.76 10.83

0.21% 0.31% 0.30% 0.40% -

-25.61 -25.40 -23.88 -23.67 -

Volume of Shares Value (Kshs) Value ($ million)

TOP 5 GAINERS EQUITY [TICKER] Olympia Capital Hold Kenya Airways Centum Investment Jubilee Holdings Eveready East Africa

PRICE (KSHS) 9.0 17.95 9.85 94.0 3.15

PRICE (KSHS) 13.05 7.05 6.10 12.1 4.55

25-MAR-2009

5,634,459 60,997,173 0.73

19,409,952 130,247,242 1.55

TOP 5 TRADES

CHANGE (%) ▲5.88% ▲5.28% ▲4.23% ▲3.30% ▲3.28%

YTD (%) -10.00 -37.02 -47.47 -23.58 -10.00

EQUITY [TICKER] Safaricom Mumias K.C.B. Bank Co-operative Bank AccessKenya

TOP 5 LOSERS EQUITY [TICKER] Rea Vipingo Unga Co-operative Bank Crown Berger Sameer Africa

24-MAR-2009

PRICE 3.05 4.0 17.0 6.10 15.45

VOLUME TRADED 16,828,400 467,400 264,063 226,200 200,300

ECONOMIC INDICATORS

CHANGE (%) ▼8.10% ▼6.00% ▼3.94% ▼3.20% ▼2.15%

YTD (%) -6.45 -48.16 -42.45 -51.11 -24.17

Inflation Prime Rate

27.6% 6.5%

NSE 20 (Trend Graph)

6,000.00

5,000.00

4,000.00

3,000.00

2,000.00

1,000.00

Africa Daily

25-Mar-09

16-Mar-09

7-Mar-09

26-Feb-09

17-Feb-09

8-Feb-09

30-Jan-09

21-Jan-09

12-Jan-09

3-Jan-09

0.00

4


RETURN ANALYSIS SHEET (Kshs)

Listed Equity

Market Statistics

KEY FINANCIAL RATIOS

Day

Year-to Date

Year Open (Ksh)

Day Open (Ksh)

Day Close (Ksh)

Change

Change

Volume

Turnover (Ksh)

8.90

0.79

Kakuzi

23.00

20.75

20.75

0.00%

-9.78%

0

0

2.14

nm

-

nm

406,699,979

Rea Vipingo

13.95

14.20

13.05

-8.10%

-6.45%

55,800

728,190

6.80

nm

0.06

nm

783,000,000

Sasini Ltd

7.00

5.40

5.35

-0.93%

-23.57%

19,200

102,720

(35.67) 22.15

6.08

AccessKenya Group Ltd

20.75

15.35

15.45

0.65%

-25.54%

200,300

3,094,635

15.93

5.60

Car & Gen

44.00

34.00

34.00

0.00%

-22.73%

0

0

4.41

nm

0.02

nm

CMC

16.00

11.55

11.45

-0.87%

-28.44%

141,805

1,623,667

5.64

3.76

0.03

66.67

6,672,023,088 8,285,997,938

P/E (x)

Agricultural

Commerc.and Allied

P/BVS (x)

Capitalisation

Div. Yield (%)

ROE (%)

0.02

0.40

(Ksh) 8.85

-

2,409,796,904

(1.12)

1,220,096,925

0.01

27.45

170,629,486,900

0.02

35.16

3,088,232,180 757,506,944

Kenya Airways Ltd

28.50

17.05

17.95

5.28%

-37.02%

107,500

1,929,625

2.02

0.48

0.10

23.76

Marshalls

27.00

24.00

24.00

0.00%

-11.11%

0

0

8.16

nm

0.04

nm

Nation Media Group.

144.00

124.00

125.00

0.81%

-13.19%

33,900

4,237,500

16.36

4.94

0.04

30.18

17,826,315,000 122,000,000,000

345,434,544

Safaricom limited

3.60

3.05

3.05

0.00%

-15.28%

16,828,400

51,326,620

nm

nm

nm

nm

Scangroup Ltd

26.00

17.95

17.85

-0.56%

-31.35%

21,300

380,205

11.99

6.16

0.05

51.36

2,838,150,000

Standard Group Ltd

50.00

41.25

41.25

0.00%

-17.50%

0

0

13.70

12.30

0.03

89.72

3,022,594,946

0.04

9.91

3,175,942,260

nm

2,610,000,000

TPS Eastern Africa (Serena) Ltd

52.50

29.50

30.00

1.69%

-42.86%

1,600

48,000

7.67

0.76

Uchumi Supermarkets

14.50

14.50

14.50

0.00%

0.00%

0

0

41.43

nm

8.11

2.51

0.07

30.89

202,453,461,244

Barclays Bank

50.50

39.50

39.50

0.00%

-21.78%

79,420

3,137,090

10.97

3.37

0.04

30.72

53,636,418,000

Centum Investment Co. Ltd

18.75

9.45

9.85

4.23%

-47.47%

27,900

274,815

4.85

0.66

0.05

13.53

5,417,026,018

CFC Stanbic Holding

60.00

48.00

47.00

-2.08%

-21.67%

2,300

108,100

2.18

1.29

0.43

59.23

12,863,157,917

Finance & Invest.

-

Diamond Trust

68.50

53.50

54.50

1.87%

-20.44%

5,500

299,750

11.55

2.88

0.03

24.97

8,885,522,386

Equity Bank Ltd

176.00

123.00

125.00

1.63%

-28.98%

102,600

12,825,000

18.57

12.22

0.02

65.81

46,284,712,750

Housing Finance

19.40

14.10

13.90

-1.42%

-28.35%

196,500

2,731,350

43.44

2.36

0.01

5.44

3,197,000,000

K.C.B Bank

23.50

16.50

17.00

3.03%

-27.66%

264,063

4,489,071

11.41

2.85

0.04

25.01

33,932,000,000 6,270,000,000

Kenya Re-Insurance Corp

12.75

10.40

10.45

0.48%

-18.04%

165,800

1,732,610

8.64

0.98

0.03

11.31

National Bank

43.00

27.75

27.50

-0.90%

-36.05%

3,200

88,000

4.91

1.27

-

25.95

5,500,000,000

National Industrial Credit

43.50

28.00

27.50

-1.79%

-36.78%

67,300

1,850,750

10.70

7.66

0.03

71.59

8,159,040,533

Pan Africa Insurance Holdings Ltd

62.00

44.00

44.00

0.00%

-29.03%

0

0

10.50

1.66

0.04

15.83

2,112,000,000

Standard Chartered Bank

160.00

136.00

136.00

0.00%

-15.00%

91,700

12,471,200

3.62

1.12

0.23

30.79

11,966,583,640

6.35

6.10

-3.94%

na

226,200

1,379,820 220,393,446,278

The Co-operative Bank of Kenya D.Indust. & Allied

9.97

1.67

0.06

16.73

Athi River Mining Ltd

90.50

63.00

63.50

0.79%

-29.83%

5,400

342,900

14.91

4.04

0.02

27.11

5,969,000,000

BOC (K)

160.00

160.00

160.00

0.00%

0.00%

0

0

11.75

2.50

0.06

21.28

3,124,071,360

Bamburi

165.00

118.00

118.00

0.00%

-28.48%

22,500

2,655,000

11.91

3.24

0.05

27.21

42,829,194,450

British American Tobacco

131.00

149.00

149.00

0.00%

13.74%

8,200

1,221,800

10.75

3.56

0.11

33.14

14,900,000,000

Carbacid

137.00

137.00

137.00

0.00%

0.00%

0

0

10.00

nm

0.07

nm

1,551,765,435

Crown Berger

24.75

12.50

12.10

-3.20%

-51.11%

3,600

43,560

6.95

nm

0.08

nm

E.A.Cables

26.25

16.55

16.75

1.21%

-36.19%

7,900

132,325

9.05

4.36

0.05

48.17

287,096,700 3,391,875,000

E.A.Portland

79.50

75.00

75.00

0.00%

-5.66%

0

0

8.83

1.85

0.03

20.92

6,750,000,000

E.A.Breweries

144.00

108.00

109.00

0.93%

-24.31%

154,752

16,867,968

11.71

5.06

0.07

43.25

86,194,404,804

Eveready East Africa Ltd

3.50

3.05

3.15

3.28%

-10.00%

10,600

33,390

5.25

nm

0.14

nm

Kenol

66.00

45.00

45.00

0.00%

-31.82%

0

0

5.15

1.40

0.04

27.09

661,500,000

K.Pow.& L.

136.00

109.00

107.00

-1.83%

-21.32%

12,000

1,284,000

4.93

1.83

0.03

37.21

8,466,696,000

KenGen

15.85

11.90

11.75

-1.26%

-25.87%

48,712

572,366

10.59

0.39

0.07

3.70

25,830,747,108

0.13

16.25

6,120,000,000

6,622,925,400

Mumias

6.75

4.00

4.00

0.00%

-40.74%

467,400

1,869,600

4.40

0.71

Olympia Capital Holdings

10.00

8.50

9.00

5.88%

-10.00%

1,000

9,000

6.08

nm

-

nm

Sameer Africa Ltd

6.00

4.65

4.55

-2.15%

-24.17%

16,500

75,075

10.58

0.66

-

6.22

1,266,457,888

Total

32.00

32.50

32.50

0.00%

1.56%

8,200

266,500

10.74

1.20

0.08

11.21

5,622,922,500

Unga

13.60

7.50

7.05

-6.00%

-48.16%

800

5,640

5.38

nm

19,409,952

130,247,242

Total Market

10.83

2.44

-

0.05

nm

22.55

360,000,000

444,789,632

595,886,191,325


Databank NIGERIA

INDEX LEVEL BELOW 20,000 POINTS

MARKET STATISTICS INDICATOR NSE (N, points) Mkt Cap (N’bn) Volume (bn shares) Value (N’bn)

FIXED INCOME

23-MAR-09

25-MAR-09

YTD (%)

20,296.67 4,570 0.49 2.80

19,959.87 4,508 0.21 1.19

-36.54 -

SECURITY 91 Day 182 Day 364 day

DECEMBER-08

JANUARY-09

8.30 9.55 9.65

10.11 10.00 9.65

TOP TRADES TOP GAINERS EQUITY [TICKER] AP 7UP MOBIL NB

EQUITY [TICKER]

PRICE (N)

CHANGE (N)

51.35 39.00 88.01 36.10

▲2.44 ▲1.20 ▲0.41 ▲0.38

CUSTODYINS FIRSTBANK PLATINUM ACCESS FCMB

TOP LOSERS EQUITY [TICKER] OANDO ETI GLAXOSMITH RTBRISCOE

VOLUME

VALUE (N’BN)

58,325,495 14,092,401 12,831,938 9,330,284 7,218,100

0.17 0.21 0.08 0.05 0.03

ECONOMIC INDICATORS

PRICE (N) 62.10 13.89 15.50 13.25

CHANGE (N) ▼2.90 ▼0.73 ▼0.70 ▼0.69

Inflation* Monetary Policy rate** *December 2008 (Year-on-year) ** April 2008

15.10% 9.50%

NSE Trend Graph

NSE Trend Graph 35,000.00 30,000.00 25,000.00 20,000.00 15,000.00 10,000.00 5,000.00

Africa Daily

25-Mar-09

16-Mar-09

7-Mar-09

26-Feb-09

17-Feb-09

8-Feb-09

30-Jan-09

21-Jan-09

12-Jan-09

3-Jan-09

-

5


900.00 23-Mar-09

20-Mar-09

17-Mar-09

14-Mar-09

20-Mar-09 23-Mar-09

14-Mar-09 17-Mar-09

11-Mar-09

05-Mar-09 08-Mar-09

27-Feb-09 02-Mar-09

21-Feb-09 24-Feb-09

18-Feb-09

12-Feb-09 15-Feb-09

06-Feb-09 09-Feb-09

03-Feb-09

7-Jan-09 10-Jan-09

25-Jan-09 28-Jan-09

20-Mar-09 23-Mar-09

14-Mar-09 17-Mar-09

2-Mar-09 5-Mar-09 8-Mar-09 11-Mar-09

24-Feb-09 27-Feb-09

15-Feb-09 18-Feb-09 21-Feb-09

9-Feb-09 12-Feb-09

31-Jan-09 3-Feb-09 6-Feb-09

Botswana Stock Exchange

11-Mar-09

8-Mar-09

5-Mar-09

2-Mar-09

27-Feb-09

24-Feb-09

21-Feb-09

18-Feb-09

950.00

15-Feb-09

3,000.00

12-Feb-09

1,050.00

9-Feb-09

1,100.00 28-Jan-09 31-Jan-09

Casablanca Stock Exchange

6-Feb-09

3,100.00

3-Feb-09

Stock Exchange of Mauritius

31-Jan-09

1,150.00

28-Jan-09

SEMDEX [Trend Graph] 22-Jan-09 25-Jan-09

3,700.00

13-Jan-09 16-Jan-09 19-Jan-09 22-Jan-09

Domestic Composite Index [Trend Graph]

25-Jan-09

3,900.00

0.00

16-Jan-09 19-Jan-09

2,000.00

22-Jan-09

4,000.00

13-Jan-09

MASI [Trend Graph]

19-Jan-09

4,700.00

16-Jan-09

6,000.00

07-Jan-09 10-Jan-09

4,900.00

8,000.00

7-Jan-09

Leadership

13-Jan-09

10,000.00

10-Jan-09

12,000.00

1-Jan-09 4-Jan-09

6000

01-Jan-09 04-Jan-09

20-Mar-09 23-Mar-09

14-Mar-09 17-Mar-09

11-Mar-09

5-Mar-09 8-Mar-09

27-Feb-09 2-Mar-09

21-Feb-09 24-Feb-09

18-Feb-09

12-Feb-09 15-Feb-09

6-Feb-09 9-Feb-09

3-Feb-09

28-Jan-09 31-Jan-09

22-Jan-09 25-Jan-09

16-Jan-09 19-Jan-09

13-Jan-09

7-Jan-09 10-Jan-09

1-Jan-09 4-Jan-09

6600

4-Jan-09

23-Mar-09

20-Mar-09

17-Mar-09

14-Mar-09

11-Mar-09

8-Mar-09

5-Mar-09

2-Mar-09

27-Feb-09

24-Feb-09

21-Feb-09

18-Feb-09

15-Feb-09

12-Feb-09

9-Feb-09

6-Feb-09

3-Feb-09

31-Jan-09

28-Jan-09

25-Jan-09

22-Jan-09

19-Jan-09

16-Jan-09

13-Jan-09

10-Jan-09

7-Jan-09

4-Jan-09

1-Jan-09

7200

1-Jan-09

1,250.00

1-Jan-09 4-Jan-09 7-Jan-09 10-Jan-09 13-Jan-09 16-Jan-09 19-Jan-09 22-Jan-09 25-Jan-09 28-Jan-09 31-Jan-09 3-Feb-09 6-Feb-09 9-Feb-09 12-Feb-09 15-Feb-09 18-Feb-09 21-Feb-09 24-Feb-09 27-Feb-09 2-Mar-09 5-Mar-09 8-Mar-09 11-Mar-09 14-Mar-09 17-Mar-09 20-Mar-09 23-Mar-09

Databank

Africa Indices BRVM

190.00 BRVM Com posite [Trend Graph]

7000

6800

6400

170.00

6200

150.00

Malawi Stock Exchange

5,300.00

Domestic Share Index [Trend Graph]

5,100.00

4,500.00

4,300.00

4,100.00

3,500.00

Tunisian Stock Exchange

3,300.00

TUNINDEX [TREND GRAPH]

1,200.00 3,200.00

1,000.00 2,900.00

2,800.00

2,700.00


Databank Contact Information Databank Group Research Team

Country Offices

Daniel Ogbarmey Tetteh

Ghana

Executive Director, Head, Group Research daniel.tetteh@databankgroup.com

61 Barnes Road Adabraka, Accra. Tel: +233 21 681404 Fax: +233 21 681443 research@databankgroup.com

Ntiwaa Kwakye Vice-President ntiwaa.kwakye@databankgroup.com

The Gambia 2nd Floor Trust Bank Building West Field Junction, Serrekunda. Tel: +220 4378014 Fax: +220 4378016 gambia@databankgroup.com

Roselyn A. Dennis Senior Analyst roselyn.dennis@databankgroup.com

Doris Y. Ahiati Senior Analyst doris.ahiati@databankgroup.com

Liberia 1 Urban Plaza Tubman Boulevard, Monrovia. liberia@databankgroup.com

Dorothy L. Ametefe Analyst dorothy.ametefe@databankgroup.com

Sampson Y. Akligoh

Web Information

Analyst sampson.akligoh@databankgroup.com

Richmond D. Cabral Analyst richmond.cabral@databankgroup.com

Visit the Databank Group Website for information on other research publications, and investment products that it offers, at:

Prince N.D. Abbey Senior Analyst prince.abbey@databankgroup.com

http://www.databankgroup.com

Disclaimer This Information has been compiled from sources we believe to be reliable but we do not hold ourselves responsible for its completeness or accuracy. It is not an offer to sell or a solicitation or an offer to buy securities. This firm and its affiliates and their officers and employees may or may not have a beneficial interest in the securities mentioned herein. This firm and its affiliates may from time-to-time have a consulting relationship with a company being reported upon. This may involve the firm or the affiliates providing significant corporate finance services and acting as the company's official or sponsoring broker. All opinions and estimates included in this report constitute our judgment as of that date and are subject to change without notice. Available only to persons having professional experience in matters relating to investment.

Africa Daily

6


Databank Research - Africa Daily Stock Market Report (25th March 2009)