Comparing performance to last quarter and a year ago the portfolio is down 10% in the last three months, while the while the NSE 20 share index  is down 12% since May 2015.

The Stable

Atlas  ↓
Bralirwa (Rwanda) ↓
Centum (ICDCI) ↓
CIC Insurance  ↓
Diamond Trust ↓
Equity ↓
KCB ↓
Kenya Airways ↓
Kenya Oil ↓
Mumias ↓
NIC  ↓
NSE ↓
Safaricom ↓
Scangroup ↓
Stanbic (Uganda) ↓
TPSEA  ↓
Unga ↓

Summary

• Everything is down this quarter!
• In: Atlas, CIC Insurance, NIC, Equity Bank, TPSEA (Serena)
• Out: None
• Increase: Equity Bank
• Decrease: None
• Best performer: Kenol  (No change in three months)
• Worst performer: Atlas (down 44%) ,KCB (down 24%), Centum (down 20%) Mumias

Unexpected Events:

• Kenya Airways record loss.
• Mumias and Uchumi have new CEO’s
• Profit warnings at a half dozen Kenyan companies –  Car & General, Mumias Sugar, East African Cables, Express Kenya, Standard Group, and Uchumi.

Looking Forward To:

• Safaricom’s dividend
• KQ and Centum AGM’s