Comparing the basket to five years ago, shares that have remained in the portfolio throughout are Stanbic (UG), Scangroup, KCB, and Diamond Trust while Safaricom is back in after a lapse. Also the NSE 20 share index is up 3% from where it was five years ago.
The Stable
Barclays ↔
Bralirwa (Rwanda) ↑
Diamond Trust Bank ↑
Equity Bank↑
ICDCI (Centum) ↑
Kenya Commercial Bank (KCB) ↑
Kenya Oil Company (Kenol) ↓
Portland Cement (EA) ↓
Safaricom ↑
Scangroup ↑
Stanbic (Uganda) ↓
Unga ↔
Review
– The portfolio, excluding new shares, is up 4% since May 2013 while the Nairobi Shares Exchange main index is down 2% over the same period.
– Best Performer: Centum (up 15% in 3 months), Bralirwa 12%
– Worst Performer: Kenol (down 14% in 3 months), Stanbic -12%
– In: None
– Out: None
– Increase: Centum
– Decrease: None
Unexpected gains/losses: Scangroup’s profit drop owing to a troubled investment in Nigeria, and Kenol rebounding with a half year profit.