Markets and Commodity figures

27 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 63.25 2.0% 101 869.33 34.8 1 610.6
Anglo American AGL SJ Mining South Africa 15.68 -1.3% 20 049.10 -9.2 1 278.5
Sasol SOL SJ Oil & gas South Africa 28.51 -1.2% 18 570.70 8.5 651.4
MTN Group MTN SJ Telecommunications South Africa 9.92 -1.2% 17 837.08 16.7 1 797.2
Standard Bank SBK SJ Banking & finance South Africa 12.70 1.4% 20 272.53 11.4 1 596.6
Anglo Platinum AMS SJ Mining South Africa 22.53 -5.1% 6 045.76 118.1 268.3
ANGLOGOLD ASHANTI LTD ANG SJ Mining South Africa 11.13 2.3% 4 545.09 -91.7 408.2
Tullow Oil plc TLW GN Oil & gas Ghana 4.75 2.4% 4 333.36 381.7 911.4
Maroc Telecom IAM MC Telecommunications Morocco 13.94 -1.1% 12 255.08 19.8 879.1
DANGOTE CEMENT PLC DANG NL Building Materials Nigeria 0.53 0.7% 9 113.40 14.6 17 040.5
Orascom Construction OCIC EY Construction Egypt 12.03 0.2% 2 489.66 74.0 206.9
Attijariwafa Bank ATW MC Banking & finance Morocco 42.21 -1.2% 8 590.60 15.4 203.5
Nigerian Breweries NB NL Breweries Nigeria 0.98 1.3% 7 385.83 28.4 7 562.6
Banque Marocaine du Commerce BCE MC Banking & finance Morocco 20.37 -1.1% 3 654.96 15.7 179.5
Telecom Egypt ETEL EY Telecommunications Egypt 0.63 0.3% 1 080.48 8.5 1 707.1
VODAFONE EGYPT VODE EY Telecommunications Egypt 3.51 -8.8% 843.19 6.3 240.0
BANQUE CENTRALE POPULAIRE BCP MC Banks Morocco 27.49 -0.2% 4 006.41 18.6 182.3
Lafarge LAC MC Building materials Morocco 224.13 -7.8% 5 251.60 22.3 23.4
Douja Prom Addoha ADH MC Real Estate Morocco 4.54 -7.4% 1 464.93 14.8 322.6
Sonatel Sn SNTS BC Telecommunications Brvm 41.20 -0.2% 4 119.57 13.4 100.0
Guaranty Trust Bank GUARANTY NL Banking & finance Nigeria 0.09 2.1% 2 527.94 6.1 29 431.2
Zenith Bank ZENITH NL Banking & finance Nigeria 0.04 -3.3% 1 372.80 3.8 31 396.5
CGI CGI MC Real Estate Morocco 43.06 1.3% 792.63 14.4 18.4
Guinness Nigeria PLC GUINNES NL Beverages Nigeria 0.19 -8.6% 292.86 -21.1 1 505.9
Commercial International Bank CIB EY Banks Egypt 4.26 -1.5% 4 917.63 15.0 1 153.9
First Bank FIRSTBAN NL Banks Nigeria 0.01 -1.6% 354.85 2.6 35 895.0
Abu Kir Fertilizers ABUK EY Chemicals Egypt 7.16 -2.7% 602.14 6.7 84.1
East African Breweries EABL KN Breweries Kenya 2.19 1.4% 1 729.81 23.3 790.8
Safaricom Ltd SAFCOM KN Telecommunications Kenya 0.18 2.8% 7 316.78 16.9 40 065.4
Mauritius Comm. Bank MCB MP Banking & finance Mauritius 6.32 0.4% 1 506.53 7.5 238.2
Mobinil EMOB EY Telecommunications Egypt 4.73 0.7% 473.44 - 100.0
T M G HOLDING TMGH EY Real Estate Egypt 0.50 1.9% 1 030.97 22.8 2 063.6
Poulina Group Holding PGH TU Holding Companies-Divers Tunisia 3.18 0.7% 572.86 14.9 180.0
Ecobank Transnational Inc ETIT BC Banks Brvm 0.03 -8.6% 525.75 2.2 15 952.7
STANBIC IBTC BANK PLC IBTCCB NL Banks Nigeria 0.06 -3.1% 573.70 7.2 10 000.0
State Bank Mauritius SBM MP Banking & finance Mauritius 0.03 0.4% 966.68 11.2 31 000.0
Barclays Bank Kenya BCBL KN Banking & finance Kenya 0.09 2.9% 483.86 6.7 5 431.5
Banque De Tunisie BT TU Banking & finance Tunisia 3.61 0.7% 541.48 13.7 150.0
Equity Bank Limited EQBNK KN Banking & finance Kenya 0.30 5.2% 1 129.92 7.0 3 773.7
Kenya Comm. Bank Ltd KNCB KN Banking & finance Kenya 0.31 5.0% 955.98 5.0 3 066.1

Africa investor Ai40 Weekly Commentary – 27 March 2017
Last week, the Ai40 Investor’s Index cooled down following significant upward movements that saw the Index reach a record high
for 2017 in the previous week. Kenyan banking equities stole the show as they dominated the Gainers List. The Index was down
marginally by 0.27 points, a drop of 0.28% from last week’s value of 94.33. The Index closed Friday at a value of 94.06.
In world markets, the key development investors were watching on Friday was the US Congress’ vote to repeal the “Obama Care”
health-care bill. Due to a deficit of votes in favour of overhauling the bill, Republicans pulled the bill and this dealt a blow to
President Trump who has faced strong opposition to implement a variety of policies since taking office. US equities closed mostly
lower on Friday. European shares were also lower for the week as investors were anxious following the terrorist attack in the UK.
Meanwhile in Asia, investors remain wary of China’s rising corporate debt levels. Oil prices were up slightly on Friday, buoyed by
Saudi Arabia’s cut in exports to the US. A barrel of West Texas Intermediate (WTI) was trading at $47.85.
At Friday’s close, the Dow Jones Industrial Average was in negative territory and lost 0.29%, or 59.86 points, to close at a value of
20,596.72. The Nasdaq Composite Index closed marginally up by 0.19% or 11.05 points to end the session at 5,828.74. The S&P
500 was down -0.08%, or 1.98 points, to close Friday on a value of 2,343.98. In Europe, Germany's DAX 30 dropped by 0.26% and
20,596.72. The Nasdaq Composite Index closed marginally up by 0.19% or 11.05 points to end the session at 5,828.74. The S&P
500 was down -0.08%, or 1.98 points, to close Friday on a value of 2,343.98. In Europe, Germany's DAX 30 dropped by 0.26% and
Britain's FTSE 100 was down 1.2%. Japan’s Nikkei 225 fell 1.76%.

Gainers
Nairobi-listed banking stocks were the best performers over the week as the NSE’s benchmark index hit new highs thanks to gains
by large-cap stocks. Equity Bank was the best performing stock on the Index with a gain of 5.2%. Last week the founder of the
bank, Peter Munga, reaffirmed the current CEO’s position for the next few years in order to navigate the changing regulatory
environment amongst other challenges. Shares for Kenya Commercial Bank performed just as well with a 5% gain while Barclays
Bank Kenya was up by 2.9%.

Safaricom – a Kenyan telecoms firm – also featured on the Gainers with an increase of 2.8% over the week. Ghana-listed Tullow
Oil was up 2.4%.

Losers
Stock for Vodafone Egypt fared the worst on the Index with an 8.8% drop last week. Guinness Nigeria was in similar territory as
the shares suffered an 8.6% decline. The Central Bank of Nigeria’s Monetary Policy Committee maintained the Monetary Policy
Rate at 14% last week. Shares of Brvm-listed Ecobank Transnational were down by 8.6%.

Two Moroccan equities in the form of Lafarge and Douja Prom Adohha (a Moroccan real estate firm) lost 7.8% and 7.4%
respectively over the week.
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