Last quarterly check of the Nairobi share portfolio was in February 2009 and a year ago
Diamond Trust ↓
Kenya Airways
KCB ↑
Safaricom ↓
Scangroup ↓
Stanbic (Uganda) ↓
Review:
- Best performer: KCB up 2%
- Worst performer Stanbic down 30% (combination of share drop and weaker Uganda shilling), and Safaricom down 10%
- In: Kenya Airways
- Out: none
- Increase none
- Decerease none
- Unexpected gains/losses: none
Events & Outlook:
- Performance: Portfolio is up 1% in the last three months while the NSE Index is down 3.5%
- Bought KQ, tried to buy illiquid Kenol at 30
Looking forward to
- Dividend payments expected from Diamond Trust, KCB, Scangroup, Stanbic (UG)
- Privatization commission has lined up several companies that may be availed later in 2009
