Banking stocks in 2004

The following Banks stocks are listed on the Nairobi Stock Exchange. Most of them peaked early in 2004, and are now trading at/or near their 12-month lows. The numbers do not take into account the dividends that banks usually pay in profitable years. Data obtained from African Financial Markets website.

12 months high, low, and year-end prices (numbers in Kenya shillings, and the average exchange rate was 75 shillings to the US$ in 2004)

Barclays: High: 321 (month: Feb), Low 186 (month: Apr), 200 (closing price on 31/12/04)

CFC: 65 (Feb) 33 (Jan) 58

Diamond Trust: 49 (Jan) 25 (Sept) 28

HFCK: 19 (Jan) 8 (Dec) 8.5

KCB: 91 (Jan) 50 (Sept) 64

NBK: 35 (Feb) 13 (Jan) 18

NIC: 67 (Jan) 40 (Apr) 50

Stanchart: 245 (Feb) 120 (Apr) 122