Markets and Commodity figures

15 March 2017
Price Price MKT Cap Shares in
Company Ticker Sector Country US$ Change* US$Mn P/E Issue Mn

SAB Miller SAB SJ Beverages South Africa 59.94 -1.2% 96 544.15 34.8 1 610.6
Anglo American AGL SJ Mining South Africa 14.04 -9.8% 18 110.86 -8.7 1 289.9
Sasol SOL SJ Oil & gas South Africa 27.55 -3.3% 17 945.02 8.7 651.4
MTN Group MTN SJ Telecommunications South Africa 9.26 -2.7% 16 635.33 16.4 1 797.2
Standard Bank SBK SJ Banking & finance South Africa 11.80 -2.1% 18 844.24 11.2 1 596.6
Anglo Platinum AMS SJ Mining South Africa 21.21 -8.0% 5 691.14 117.3 268.3
ANGLOGOLD ASHANTI LTD ANG SJ Mining South Africa 9.77 -6.8% 3 987.42 -84.9 408.2
Tullow Oil plc TLW GN Oil & gas Ghana 4.62 2.2% 4 208.12 381.7 911.4
Maroc Telecom IAM MC Telecommunications Morocco 14.23 -0.6% 12 512.79 20.6 879.1
DANGOTE CEMENT PLC DANG NL Building Materials Nigeria 0.51 0.2% 8 761.21 14.2 17 040.5
Orascom Construction OCIC EY Construction Egypt 12.32 -8.2% 2 549.83 74.0 206.9
Attijariwafa Bank ATW MC Banking & finance Morocco 42.32 0.2% 8 613.91 17.1 203.5
Nigerian Breweries NB NL Breweries Nigeria 0.98 0.8% 7 385.83 28.4 7 562.6
Banque Marocaine du Commerce BCE MC Banking & finance Morocco 19.69 -1.3% 3 534.43 16.1 179.5
Telecom Egypt ETEL EY Telecommunications Egypt 0.67 -4.5% 1 136.58 6.5 1 707.1
VODAFONE EGYPT VODE EY Telecommunications Egypt 3.95 6.2% 948.84 6.9 240.0
BANQUE CENTRALE POPULAIRE BCP MC Banks Morocco 26.86 -3.5% 4 006.41 18.6 182.3
Lafarge LAC MC Building materials Morocco 251.65 -1.1% 4 396.12 25.7 17.5
Douja Prom Addoha ADH MC Real Estate Morocco 4.87 -0.4% 1 571.78 16.2 322.6
Sonatel Sn SNTS BC Telecommunications Brvm 40.28 -0.1% 4 027.97 13.1 100.0
Guaranty Trust Bank GUARANTY NL Banking & finance Nigeria 0.08 -1.2% 2 302.66 5.7 29 431.2
Zenith Bank ZENITH NL Banking & finance Nigeria 0.05 3.0% 1 481.87 4.0 31 396.5
CGI CGI MC Real Estate Morocco 42.06 -0.3% 774.23 14.4 18.4
Guinness Nigeria PLC GUINNES NL Beverages Nigeria 0.21 3.9% 317.44 -19.5 1 505.9
Commercial International Bank CIB EY Banks Egypt 4.34 -4.9% 5 002.48 15.2 1 153.9
First Bank FIRSTBAN NL Banks Nigeria 0.01 -5.1% 342.74 2.5 35 895.0
Abu Kir Fertilizers ABUK EY Chemicals Egypt 7.25 10.5% 609.78 6.9 84.1
East African Breweries EABL KN Breweries Kenya 2.12 -1.6% 1 673.02 22.0 790.8
Safaricom Ltd SAFCOM KN Telecommunications Kenya 0.17 0.2% 6 725.53 15.6 40 065.4
Mauritius Comm. Bank MCB MP Banking & finance Mauritius 6.30 -0.1% 1 500.12 7.5 238.2
Mobinil EMOB EY Telecommunications Egypt 4.80 -5.7% 480.06 - 100.0
T M G HOLDING TMGH EY Real Estate Egypt 0.47 -4.9% 962.34 20.9 2 063.6
Poulina Group Holding PGH TU Holding Companies-Divers Tunisia 3.14 -1.7% 564.84 14.9 180.0
Ecobank Transnational Inc ETIT BC Banks Brvm 0.04 0.3% 565.46 2.4 15 952.7
STANBIC IBTC BANK PLC IBTCCB NL Banks Nigeria 0.06 1.7% 584.08 8.4 10 000.0
State Bank Mauritius SBM MP Banking & finance Mauritius 0.03 -0.1% 962.56 11.2 31 000.0
Barclays Bank Kenya BCBL KN Banking & finance Kenya 0.09 3.1% 488.29 6.1 5 432.0
Banque De Tunisie BT TU Banking & finance Tunisia 3.54 0.5% 531.01 13.7 150.0
Equity Bank Limited EQBNK KN Banking & finance Kenya 0.27 5.1% 1 012.04 5.5 3 773.7
Kenya Comm. Bank Ltd KNCB KN Banking & finance Kenya 0.29 16.0% 898.42 4.6 3 066.1

Africa investor Ai40 Weekly Commentary 13 March 2017

As at Fridays close last week, the Ai40 Investors Index recorded the third straight week of losses. In similar fashion to the
previous week, mining stocks put a damper on the Indexs performance. Kenyan banking equities, however, posted impressive
gains. The Index fell by a 1.11 points; a drop of 1.19% from last weeks value of 92.93. The Index closed Friday at a value of 91.82.
In US markets, the major stock indexes broke multi-week upward movements but still closed higher on Friday thanks to an upbeat
jobs report. According to Reuters, nonfarm payrolls were up by 235,000 for the month of February. The key economic health
indicator provided the Federal Reserve with a thumbs up to raise interest rates this week. Over in Europe, Investopedia reported
that the growing regional economy has prompted concerns over divisions in the ECB when it comes to crafting a single monetary
policy for all 19 member nations. In Asia, South Korean markets closed up on Friday following the impeachment of President
Geun-hye over corruption charges. Oil markets endured a tough week, with a 9% decline and a barrel of WTI crude settling at
$48.49 a barrel.
At Fridays close, the Dow Jones Industrial Average was up 0.21%, or 44.79 points, to close at a value of 20,902.98. The Nasdaq
Composite Index gained 0.39%, or 22.92 points, to end the session at 5,861.73. The S&P 500 was up 0.33%, or 7.73 points, to close
At Fridays close, the Dow Jones Industrial Average was up 0.21%, or 44.79 points, to close at a value of 20,902.98. The Nasdaq
Composite Index gained 0.39%, or 22.92 points, to end the session at 5,861.73. The S&P 500 was up 0.33%, or 7.73 points, to close
Friday on a value of 2,372.60. The Nikkei 225 in Japan gained 0.72%, Germanys DAX 30 was down 0.53% and Britains FTSE 100
dropped 0.3%.

Gainers
Topping the Gainers List last week was Kenya Commercial Bank (KCB) which recorded a hefty 16% gain. Last week KCB reported
flat growth in full-year net profit. According to The Star, net profit rose to Sh19.72 billion from Sh19.62. Stocks for Egyptian
chemicals company, Abu Qir Fertilizers enjoyed a 10.5% increase and Vodafone Egypt rose by 6.2%. This follows a report that the
firm which serves nearly 40 million customers in that country recently launched the first commercial virtual network function
in the Middle East region according to Converge Network Digest.

Shares of Nairobi-listed Equity Bank and Guinness Nigeria were up by 5.1% and 3.9% respectively.

Losers
Last week, equities for the Three Anglos were the notable feature on the Biggest Losers list; signifying a tough week for JSE-
listed mining stocks. Anglo-American came in at the bottom of the heap with a 9.8% drop. Shares for Anglo Platinum also
experienced some sell-off last week and were down by 8.0% while equities for AngloGold Ashanti were also down, but by 6.8%.
Gold mining stocks have been facing pressure in the form of a stronger dollar and the expected interest rate hike in the US.

Cairo-listed Orascom Construction and Mobinil were down 8.2% & 5.7% respectively.
 91.82.
anks to an upbeat

ted
a single monetary

lose
 lose
tains FTSE 100

k KCB reported

he
on

n, but by 6.8%.