Compared to six months ago
Comparing performance since February, this portfolio is down 3% mainly due to shares sales, while the while the NSE 20 share index is up 41% from February 2017.
Bralirwa (Rwanda) ↓
CIC Insurance ↑
Diamond Trust ↑
Kenya Airways ↓
Stanbic (Uganda) ↑
- In: None
- Out: TPS EA (Serena), Fahari I-Reit (Stanlib)
- Increase: None
- Decrease: None
- Best performer: CIC Insurance (up 95% since February) , NSE 84%, Diamond Trust up 77%.
- Worst performer(s): Bralirwa down -3%, KQ -1%
- There’s been a surprising resurgence in shares that’s been very quiet, amid the expected decline and investor exists with the August 8 election.
- Kenya Airways restructuring deal has not yet hit the share price but will dilute shareholders by 95%
- The surprising Safaricom sale with Vodacom buying out Vodafone
- Banks are struggling, despite their rising share prices.
- Disappointment with East Africa: The Vodacom Tanzania IPO stalled until it was opened to foreigners, and it crossed the finish line at with a full subscription after PIC of South Africa made a huge investment to bridge the gap. The Vodacom IPO was not marketed to Kenyans or through local stockbrokers. That said, it has been a struggle holding shares in different East African countries after the welcoming IPO period has passed, with difficulties collecting dividends or selling shares to get money back.