For Online E-newspaper
The East African : October 26th 2013
58 BONDS WEEKLY STATISTICS 25-OCT-2013 GOVERNMENT OF KENYA FIXED RATE TREASURY BONDS Issue No. TWO YEAR BONDS FXD 4/2011/2Yr FXD 1/2012/2Yr FXD 2/2012/2Yr FXD 3/2012/2Yr FXD 4/2012/2Yr FXD 1/2013/2Yr FXD 2/2013/2Yr FXD 3/2013/2Yr FIVE YEAR BONDS FXD 1/2009/5Yr FXD 1/2010/5Yr FXD 2/2010/5Yr FXD 1/2011/5Yr FXD 1/2012/5Yr FXD 1/2013/5Yr FXD 2/2013/5Yr SEVEN YEAR BONDS FXD 2/2006/7Yr FXD 1/2007/7Yr EIGHT YEAR BONDS FXD1/2006/8Yr FXD1/2007/8Yr NINE YEAR BONDS FXD 1/2006/9Yr TEN YEAR BONDS FXD 1/2006/10Yr FXD 2/2006/10Yr FXD 1/2007/10Yr FXD 1/2008/10Yr FXD 2/2008/10Yr FXD 3/2008/10Yr FXD 1/2009/10Yr FXD 1/2010/10Yr FXD 2/2010/10Yr FXD 1/2012/10Yr FXD 1/2013/10Yr ELEVEN YEAR BONDS FXD1/2006/11Yr TWELVE YEAR BONDS FXD1/2006/12Yr FXD1/2007/12Yr FIFTEEN YEAR BONDS FXD1/2007/15Yr FXD2/2007/15Yr FXD3/2007/15Yr FXD3/2007/15Yr FXD1/2008/15Yr FXD1/2009/15Yr FXD1/2010/15Yr FXD2/2010/15Yr FXD1/2012/15Yr FXD1/2013/15Yr FXD2/2013/15Yr TWENTY YEAR BOND FXD1/2008/20Yr FXD1/2011/20Yr FXD1/2012/20Yr Issue Date Maturity Date Issued Value in millions Coupon (%) Traded yield (%) Previous Price (%) Total Value traded (kshs) The EastAfrican MARKETS OCTOBER 26 - NOVEMBER 1, 2013 PROMISING THIRD QUARTER RESULTS 28-Nov-11 30-Apr-12 27-Aug-12 29-Oct-12 24-Dec-12 25-Feb-13 25-Mar-13 26-Aug-13 21-Sep-09 24-May-10 30-Nov-10 31-Jan-11 28-Jan-13 29-Apr-13 1-Jul-13 25-Dec-06 30-Jul-07 27-Feb-06 26-Feb-07 24-Apr-06 27-Mar-06 29-May-06 29-Oct-07 29-Oct-07 28-Jul-08 29-Sep-08 27-Sep-09 26-Apr-10 1-Nov-10 25-Mar-13 26-Aug-13 25-Sep-06 28-Aug-06 28-May-07 26-Mar-07 25-Jun-07 26-Nov-07 26-Nov-07 31-Mar-08 26-Oct-09 29-Mar-10 25-Apr-11 24-Sep-12 29-Jul-13 29-Apr-13 30-Jun-08 30-May-11 27-May-13 TWENTY FIVE YEAR BOND FXD1/2010/25Yr THIRTY YEAR BOND SDB 1/2011/30Yr 28-Jun-10 28-Feb-11 25-Nov-13 28-Apr-14 25-Aug-14 27-Oct-14 22-Dec-14 23-Feb-15 23-Mar-15 24-Aug-15 15-Sep-14 18-May-15 23-Nov-15 25-Jan-16 22-May-17 23-Apr-18 25-Jun-18 16-Dec-13 21-Jul-14 17-Feb-14 16-Feb-15 13-Apr-15 14-Mar-16 16-May-16 16-Oct-17 16-Oct-17 16-Jul-18 28-Sep-18 15-Apr-19 13-Apr-20 19-Oct-20 13-Jun-22 19-Jun-23 11-Sep-17 13-Aug-18 13-May-19 7-Mar-22 6-Jun-22 7-Nov-22 7-Nov-22 13-Mar-23 7-Oct-24 10-Mar-25 8-Dec-25 6-Sep-27 7-Feb-28 10-Apr-28 5-Jun-28 5-May-31 1-Nov-32 28-May-35 21-Jan-41 23428.25 6418.05 16312.35 13786.50 20777.16 20468.11 19967.33 17927.92 13239.10 3060.25 14929.20 22083.10 17687.98 20165.56 12888.00 2317.95 8269.85 3318.80 13764.30 2656.90 3451.05 5028.10 9308.80 2992.75 13504.70 4151.80 4966.85 19394.15 18849.90 10520.46 526.69 4031.40 3900.95 4864.60 3654.60 7236.95 18030.20 18030.20 7830.90 9420.45 10206.45 13513.10 21089.45 6337.38 15646.23 20360.35 9365.80 4389.35 20192.50 22136.45 22.84 13.83 11.11 12.50 12.38 12.84 12.94 12.94 9.50 6.95 6.67 7.64 11.86 12.89 11.31 12.00 9.75 13.25 12.75 13.50 14.00 14.00 10.75 10.75 10.75 10.75 10.75 8.79 9.31 12.71 12.37 13.75 14.00 13.00 14.50 13.50 12.50 12.50 12.50 12.50 10.25 9.00 11.00 11.25 12.00 13.75 10.00 12.35 11.25 12.00 12.20 11.45 102.00 107.46 100.71 101.46 101.43 102.14 102.39 102.50 99.29 92.70 90.93 92.09 100.71 103.21 99.27 100.56 98.47 102.74 100.81 100.84 105.02 104.95 87.77 96.25 95.65 99.97 94.62 75.63 86.25 99.47 99.80 111.14 101.77 99.95 12.50 12.20 111.84 108.02 104.26 104.26 100.68 100.29 76.58 71.42 86.94 88.71 91.28 103.44 77.71 100.50 85.47 80.34 250,000,000 Traders at the Uganda Securities Exchange. Picture: File Steady growth at USE boosts investor trust G≥owth in Uganda’s stockma≥ket is being att≥ibuted to stability in the global financial system By MARTIN LUTHER OKETCH Special Correspondent T he Ugandan stock market is expected to record a sharp rise in turnover and share prices in the next two months, riding on a relatively stable macroeconomic environment that could draw investors back to the bourse. Equity market activity has 270,000,000 been rising gradually over the past nine months, helping the Uganda Securities Exchange to grow its turnover. The third quarter registered Ush23.9 billion ($9.378million) compared with Ush2.1 billion ($825,000) for the same period in 2012. The period also saw an 300,000,000 150,000,000 increase in the number of shares traded from 54.8 million in Quarter Three of 2012 to 103.5 million in 2013. Uganda’s macroeconomic indicators have been relatively stable since the beginning of the year, resulting in increased economic activity as well as a boost in investor confidence. Statistics from the Ugan- da Securities Exchange show that in July there were 51,595,814 shares traded, in August 41,384,135 and in September 10,478,549. During the quarter, Uganda Clays traded 4,125,276 shares, DFCU traded 171,679, Bank of Baroda 6,308,270 shares accounting for 3.11 per cent, and Umeme topped the charts with 21,853,762. According to Andrew Mwima, the manager for trading at the USE, the local share index was flat through much of the period, but rose slightly by four percentage points from 229.78, to close at 239.04. This was attributed to a price appreciation on the Umeme and Batu counters, while most of the other stocks remained unchanged. “The All Share Index was volatile during the period; it opened at 1,481, rose to an alltime high of 1,584.63, dipped gradually to an all-time low of 1,456.68, and rose again to close at 1,564.04, representing a growth of 5.6 per centage points during the period,” he said. “The changes in the trends were due to changes in different market prices of the cross-listed securities and local companies, the exchange rate of the Kenyan shilling and other market developments,” Mr Mwima added. The chief executive officer of the Capital Markets Authority, Japheth Kato, said stock trends in Uganda this year point to positive market developments with more people interested in investing in the listed shares. “The market is doing well and we hope it will continue,” he said. Stockbrokers say foreign Uganda’s macroeconomic indicators have been stable since the beginning of the year, resulting in increased economic activity. investors from the UK and South Africa are active in Umeme shares. Currently, Uganda’s macroeconomic indicators show that the inflation rate is still single-digit, and the exchange rates and interest rates are stable. The commercial lending rate stands at 23 per cent; although it rose from 22 per cent, the increase has not discouraged borrowers. In the week ending Octo- ber 25, the Uganda shilling traded at Ush2,505/2,540 to the dollar. “Thin trade was reported as corporate activity remained very low,” the managing director of Alpha Capital, Stephen Kaboyo, said . “Shilling liquidity was tight in the early part of the week. This triggered BoU to offer a reverse repo injecting shillings into the system. On the other hand, commercial banks liquidated their long dollar positions in order to alleviate the shilling scarcity. However, this left some banks short,” he added. “Trading range is expected to be in the range of Ush2,510 to 2,540 to the dollar,” Mr Kaboyo said. Growth in Uganda’s stock market is being attributed to stability in the global financial system, which has led to capital flows across international borders as investors diversify their investments to frontier markets to minimise risks. The International Mon- etary Fund said, in its Global Financial Stability report released on October 10, that the global financial system is undergoing transition along the path toward greater financial stability. The IMF said the US may soon move to less accommodative monetary policies and higher long-term interest rates.
October 21st 2013
November 3rd 2013