Ai40 Index commentary Sector
Mining Mining Mining
Banking and finance Banking and finance Banking and finance Banking and finance Banking and finance Real estate
Banking and finance Banking and finance Building materials Real estate Breweries
Banking and finance Banking and finance Chemicals
Banking and finance Banking and finance Banking and finance Beverages
Banking and finance Building materials Telecommunications Banking and finance Telecommunications Telecommunications Breweries
Construction
Holding companies-divers Beverages
Telecommunications Oil and gas
Telecommunications Banking and finance Banking and finance Real estate
Telecommunications Banking and finance Banking and finance
Country
South Africa South Africa South Africa Morocco Morocco Tunisia
Morocco Kenya
Morocco Egypt Kenya Nigeria
Morocco Kenya Brvm Egypt Egypt Kenya Nigeria Nigeria Nigeria Kenya
Morocco Morocco Mauritius Egypt
South Africa Nigeria Egypt
Tunisia
South Africa Kenya
South Africa Brvm
South Africa Mauritius Egypt Egypt
Nigeria Nigeria
Mkt cap US $m
64,316.93 20,286.12 14,890.14 8,708.56 3,362.30 839.14
4,035.69 232.46
2,798.40 1,349.33 594.00
12,203.22 3,358.45 1,629.76 819.50
1,232.87 1,475.55 943.66
2,604.40 2,242.04 2,234.75 565.20
3,752.56 15,431.19 1,556.87 1,755.61 40,440.26 4,482.14 9,010.48 1,009.35 56,588.60 1,573.43 31,705.59 3,228.36 22,221.59 1,070.75 1,465.88 4,487.81 916.81
3,832.08 P/E
8.6 9.7
24.2 14.9 23.3 1.1
29.1 3.4
50.4 4.0
15.2 17.9 29.5 20.5 8.3 4.9 2.5
20.2 8.6
11.4 26.9 11.2 15.9 15.1 11.4 9.9
24.2 25.9 20.4 15.9 25.1 9.3 8.8
10.3 8.9
11.6 6.0
10.4 49.1 18.8
Price change in the period
-1.8% -6.9% -5.5% -8.3% -3.4% -2.0% -9.2%
-16.5% -16.5% -13.3% -17.7% -5.8% -7.3%
-14.2% -5.0%
-10.7% -2.4%
-11.6% -7.3% -6.9% -0.8%
-15.1% -2.1% -6.4% -4.8%
-27.5% 6.1% 8.3% -1.1% 13.5% 3.7%
-13.2% -3.7% -3.9% -0.4% 2.7% -1.3% -0.5% -7.4% 0.7%
Value as at 29/07/2011: 129.89 Daily vol traded
Issued shares
3,816,712 412,642
26,146,200 26,568 9,612
18,064 22,169
1,148,503 1,297
1,770,038 3,448,000 493,558 96,577
242,024 45,231
849,564 7,927
2,043,919 14,784,310 14,946,130 279,415
2,204,772 1,491
102,898 75,202 42,857
5,790,367 1,169,506 108,457 23,649
1,854,679 8,130,031 1,864,125 577
3,267,261 39,812
3,707,980 909,618
11,768,000 24,672,930
1,342.91 236.55 354.23 193.00 66.10
108.75 158.75
1,357.88 18.41
295.07 3,492.37
15,494.02 283.50 790.77
8,733.44 382.71 13.67
3,702.78 32,632.08 23,317.19 1,474.93 2,217.78 17.47
879.10 237.04 100.00
1,864.80 7,562.56 206.92 166.67
1,506.82 40,000.00 630.68 10.00
1,525.20 303.74
2,030.20 1,707.07 25,867.75 39,396.49
Jul 29, 2011 Price US $
47.89 85.76 42.04 45.12 50.87 7.72
25.42 0.17
152.02 4.57 0.17 0.79
11.85 2.06 0.09 3.22
107.96 0.25 0.08 0.10 1.52 0.25
214.81 17.55 6.57
17.56 21.69 0.59
43.55 6.06
37.55 0.04
50.27
322.84 14.57 3.53 0.72 2.63 0.04 0.10
Mobinil lost an incredible 27.5%; hands down the worst performance on the Index. Maroc Telecom also recorded a loss, toppling 6.4% to trade at $17.55. The Moroccan government is reportedly preparing to sell 7% of the shares of Maroc Telecom, in which it holds a 30% stake. Both Egypt and Morocco saw their
DISCLAIMER
The data contained in Ai Index Series is believed to be reliable as of the date of preparation, but no warranty is given as to its accuracy or completeness and Africa investor specifically disclaims any obligation to update the information since the date of preparation. Unless otherwise stated, market data is sourced from Liquid Africa. Past performance should not be taken as a guide to the future. The Ai Index Series does not constitute an offer or an invitation to apply for or purchase any securities. Before making any investment you should read, understand and retain the relevant investment product or service documentation.
2011 | SEPTEMBER - OCTOBER | 35
banking and finance sectors take quite a tumble into negative records. Egypt’s Commercial International Bank dove an unfortunate 13.3%, while EFH-Hermes Group (Egypt) and Attijariwafa Bank (Morocco) saw decreases of 10.7% and 8.3% apiece. Banque Marocaine du Commerce was not far behind, falling
9.2% to languish at $25.42. Despite difficult market conditions,
Tunisia’s Poulina Group Holding (PGH) did surprisingly well for the period, recording an impressive 13.5%; the only noticeable gain on the Index. PGH recorded a significant 14% increase in revenues during the second quarter of 2011.
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84