Markets and Commodity figures

11 May 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 58.62 -2.3% 94 417.54 34.8 1 610.6
Anglo American AGL SJ Mining South Africa 13.28 -7.0% 16 974.74 -8.4 1 278.5
Sasol SOL SJ Oil & gas South Africa 30.33 0.8% 19 757.44 9.7 651.4
MTN Group MTN SJ Telecommunications South Africa 8.62 -5.9% 15 497.36 15.6 1 797.2
Standard Bank SBK SJ Banking & finance South Africa 10.81 -0.3% 17 256.89 10.5 1 596.6
Anglo Platinum AMS SJ Mining South Africa 23.28 -10.3% 6 245.54 131.6 268.3
ANGLOGOLD ASHANTI LTD ANG SJ Mining South Africa 11.14 -11.3% 4 547.40 -99.0 408.2
Tullow Oil plc TLW GN Oil & gas Ghana 4.26 -1.3% 3 886.26 381.7 911.4
Maroc Telecom IAM MC Telecommunications Morocco 14.21 3.6% 12 494.77 21.1 879.1
DANGOTE CEMENT PLC DANG NL Building Materials Nigeria 0.51 0.4% 8 675.74 12.8 17 040.5
Orascom Construction OCIC EY Construction Egypt 12.03 0.1% 2 489.13 74.0 206.9
Attijariwafa Bank ATW MC Banking & finance Morocco 42.23 5.1% 8 595.08 15.8 203.5
Nigerian Breweries NB NL Breweries Nigeria 0.98 6.1% 7 385.83 28.4 7 562.6
Banque Marocaine du Commerce BCE MC Banking & finance Morocco 20.45 1.6% 3 670.15 15.7 179.5
Telecom Egypt ETEL EY Telecommunications Egypt 0.55 -13.8% 942.39 7.4 1 707.1
VODAFONE EGYPT VODE EY Telecommunications Egypt 3.43 0.1% 823.10 6.1 240.0
BANQUE CENTRALE POPULAIRE BCP MC Banks Morocco 28.94 12.0% 4 006.41 19.5 182.3
Lafarge LAC MC Building materials Morocco 226.49 6.1% 5 306.97 24.1 23.4
Douja Prom Addoha ADH MC Real Estate Morocco 4.98 9.9% 1 606.25 13.9 322.6
Sonatel Sn SNTS BC Telecommunications Brvm 35.63 -7.7% 3 563.36 12.9 100.0
Guaranty Trust Bank GUARANTY NL Banking & finance Nigeria 0.09 7.7% 2 508.32 6.2 29 431.2
Zenith Bank ZENITH NL Banking & finance Nigeria 0.05 11.7% 1 621.52 4.4 31 396.5
CGI CGI MC Real Estate Morocco 43.24 1.6% 795.92 14.4 18.4
Guinness Nigeria PLC GUINNES NL Beverages Nigeria 0.20 5.1% 319.97 -23.1 1 591.1
Commercial International Bank CIB EY Banks Egypt 4.17 -1.6% 4 817.03 14.6 1 153.9
First Bank FIRSTBAN NL Banks Nigeria 0.01 6.2% 414.77 2.3 35 895.0
Abu Kir Fertilizers ABUK EY Chemicals Egypt 9.98 8.4% 839.39 9.4 84.1
East African Breweries EABL KN Breweries Kenya 2.30 -2.7% 1 819.92 23.8 790.8
Safaricom Ltd SAFCOM KN Telecommunications Kenya 0.20 3.4% 7 815.93 18.0 40 065.4
Mauritius Comm. Bank MCB MP Banking & finance Mauritius 6.44 1.7% 1 534.28 7.5 238.2
Mobinil EMOB EY Telecommunications Egypt 5.54 -3.6% 554.38 - 100.0
T M G HOLDING TMGH EY Real Estate Egypt 0.46 0.0% 941.72 20.6 2 063.6
Poulina Group Holding PGH TU Holding Companies-Divers Tunisia 3.33 -0.8% 598.94 14.1 180.0
Ecobank Transnational Inc ETIT BC Banks Brvm 0.03 7.1% 504.70 2.1 15 952.7
STANBIC IBTC BANK PLC IBTCCB NL Banks Nigeria 0.08 19.8% 782.04 7.3 10 000.0
State Bank Mauritius SBM MP Banking & finance Mauritius 0.03 1.7% 984.48 11.2 31 000.0
Barclays Bank Kenya BCBL KN Banking & finance Kenya 0.08 1.5% 434.60 5.9 5 431.5
Banque De Tunisie BT TU Banking & finance Tunisia 3.49 -2.2% 523.60 14.1 150.0
Equity Bank Limited EQBNK KN Banking & finance Kenya 0.34 5.6% 1 285.96 7.5 3 773.7
Kenya Comm. Bank Ltd KNCB KN Banking & finance Kenya 0.33 -2.7% 986.08 5.1 3 025.2

Africa investor Ai40 Weekly Commentary 8 May 2017

The Ai40 Investors Index rose for the second week in a row thanks to impressive performances by banking stocks tracked by the
Index. However, stocks for the three Anglos were at the bottom of the heap with a collective drop in value of 28.3% over the
period under review. The index was up by 0.29 points, a gain of 0.31% from last weeks value of 91.92, to close Friday at a value of
92.21.
On Friday, global markets were dragged down by sliding commodity prices as oil hit its lowest point since last November when the
OPEC agreed to cut output. In the US however, stronger-than-expected jobs data for April buoyed equity markets and saw the
Nasdaq and the S&P 500 closing at record highs.
At Fridays close, the Dow Jones Industrial Average was up 0.3%, or 55.47 points, to close the week at a value of 21,006.94. The
Nasdaq Composite Index closed up by 0.4%, or 25.42 points, to end the week at a value of 6,100.76, while the S&P 500 gained
0.4%, or 9.77 points, to close Friday on a value of 2,399.29.

Gainers
Gainers
Banking stocks outperformed on the Index in the past two weeks. Lagos-listed Stanbic IBTC Bank was the top performer over the
period with a hefty gain of 19.8%. According to This Day Live, Stanbic IBTC Group achieved significant growth in profit after tax by
over 100%. Still in Nigeria, stocks for Zenith Bank were up 11.7%. In North Africa, Banque Centrale Populaire of Morocco also
recorded impressive gains of 12% while Douja Prom Addoha, a real estate firm gained 10%. Abu Qir Fertilizers, an Egyptian
chemicals company picked up 8.4%. According to Research Pool, following the Egyptian Pound floatation, which took place back
in November, significant changes took place affecting the industry significantly making fertilizers an attractive sector with huge
room for growth.

Losers
The Losers list featured all three of the South African Anglo mining giants. Shares for AngloGold Ashanti suffered an 11% drop
value as investors sold off the stock following an announcement that the firm has ceased activities at the La Colosa gold project
in Colombia, one of the largest open-pit mines in the world. The decision was made following a referendum by Colombian voters
to ban mining in the municipality of Cajamarca where the mine is located.

Anglo Platinum stocks endured losses of 10.3%. The price of platinum fell as low as $893 per ounce last week and posed a risk for
investors who owned long positions on the stock. Equities for Anglo American, suffered less of a drop at 7%

Brvm-listed Sonatel, (a telecommunications company) was down 7.7%, while the worst performer on the index; Telecom Egypt fell
by a significant 13.8%.
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