Markets and Commodity figures

21 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 59.04 0.7% 95 098.19 34.8 1 610.6
Anglo American AGL SJ Mining South Africa 13.41 1.0% 17 139.04 -8.5 1 278.5
Sasol SOL SJ Oil & gas South Africa 30.37 0.1% 19 782.84 9.7 651.4
MTN Group MTN SJ Telecommunications South Africa 9.02 4.6% 16 217.37 16.2 1 797.2
Standard Bank SBK SJ Banking & finance South Africa 11.09 2.6% 17 708.61 10.7 1 596.6
Anglo Platinum AMS SJ Mining South Africa 23.30 0.1% 6 250.56 130.8 268.3
ANGLOGOLD ASHANTI LTD ANG SJ Mining South Africa 11.43 2.6% 4 666.61 -100.9 408.2
Tullow Oil plc TLW GN Oil & gas Ghana 4.25 -0.4% 3 869.12 381.7 911.4
Maroc Telecom IAM MC Telecommunications Morocco 14.33 0.8% 12 596.95 21.3 879.1
DANGOTE CEMENT PLC DANG NL Building Materials Nigeria 0.53 3.4% 8 968.60 13.2 17 040.5
Orascom Construction OCIC EY Construction Egypt 12.04 0.1% 2 491.01 74.0 206.9
Attijariwafa Bank ATW MC Banking & finance Morocco 42.99 1.8% 8 749.30 16.1 203.5
Nigerian Breweries NB NL Breweries Nigeria 0.98 17.0% 7 385.83 28.4 7 562.6
Banque Marocaine du Commerce BCE MC Banking & finance Morocco 20.47 0.1% 3 673.73 15.7 179.5
Telecom Egypt ETEL EY Telecommunications Egypt 0.56 0.6% 947.83 7.3 1 707.1
VODAFONE EGYPT VODE EY Telecommunications Egypt 3.43 0.1% 823.72 6.1 240.0
BANQUE CENTRALE POPULAIRE BCP MC Banks Morocco 27.80 -3.9% 4 006.41 18.7 182.3
Lafarge LAC MC Building materials Morocco 223.95 -1.1% 5 247.40 23.8 23.4
Douja Prom Addoha ADH MC Real Estate Morocco 4.93 -1.0% 1 589.66 13.8 322.6
Sonatel Sn SNTS BC Telecommunications Brvm 38.94 9.3% 3 894.34 12.6 100.0
Guaranty Trust Bank GUARANTY NL Banking & finance Nigeria 0.10 12.3% 2 816.35 7.0 29 431.2
Zenith Bank ZENITH NL Banking & finance Nigeria 0.06 12.0% 1 815.67 4.9 31 396.5
CGI CGI MC Real Estate Morocco 43.28 0.1% 796.70 14.4 18.4
Guinness Nigeria PLC GUINNES NL Beverages Nigeria 0.22 9.4% 350.20 -27.4 1 591.1
Commercial International Bank CIB EY Banks Egypt 4.26 2.0% 4 913.28 14.5 1 153.9
First Bank FIRSTBAN NL Banks Nigeria 0.01 10.7% 459.13 2.5 35 895.0
Abu Kir Fertilizers ABUK EY Chemicals Egypt 10.10 1.3% 849.99 9.9 84.1
East African Breweries EABL KN Breweries Kenya 2.26 -2.0% 1 784.30 24.1 790.8
Safaricom Ltd SAFCOM KN Telecommunications Kenya 0.20 2.3% 7 994.22 16.9 40 065.4
Mauritius Comm. Bank MCB MP Banking & finance Mauritius 6.37 -1.1% 1 517.84 7.5 238.2
Mobinil EMOB EY Telecommunications Egypt 5.48 -1.1% 548.09 - 100.0
T M G HOLDING TMGH EY Real Estate Egypt 0.47 4.0% 978.98 21.6 2 063.6
Poulina Group Holding PGH TU Holding Companies-Divers Tunisia 3.25 -2.2% 585.48 14.1 180.0
Ecobank Transnational Inc ETIT BC Banks Brvm 0.03 -5.7% 475.85 2.0 15 952.7
STANBIC IBTC BANK PLC IBTCCB NL Banks Nigeria 0.08 6.0% 829.34 7.8 10 000.0
State Bank Mauritius SBM MP Banking & finance Mauritius 0.03 -1.1% 973.93 11.2 31 000.0
Barclays Bank Kenya BCBL KN Banking & finance Kenya 0.08 -0.9% 430.86 6.0 5 432.0
Banque De Tunisie BT TU Banking & finance Tunisia 3.30 -5.5% 494.73 13.5 150.0
Equity Bank Limited EQBNK KN Banking & finance Kenya 0.32 -5.3% 1 217.75 7.5 3 773.7
Kenya Comm. Bank Ltd KNCB KN Banking & finance Kenya 0.34 5.8% 1 043.29 5.5 3 025.2

Africa investor Ai40 Weekly Commentary 15 May 2017

The Ai40 Investors Index has been on a bull run as it notched a third week of gains on Friday. Nigerian equities tracked by the
Index were star performers as the Gainers list was dominated by stocks from the West African nation. The Index rose by 1.12
points, a gain of 1.09% from last weeks value of 92.21, to close Friday at a value of 93.22.
On Friday, US stock markets the Dow Jones and S&P 500 in particular closed lower as investors reacted to lower-than-expected
retail sales figures. Markets also digested the political uncertainty following President Trumps sacking of FBI chief, James Comey.
According to Market Watch, US equities recorded their first weekly retreat in nearly a month.
At Fridays close, the Dow Jones Industrial Average was down 0.11%, or 22.81 points, to close the week at a value of 20,896.61.
The Nasdaq Composite Index closed marginally up by 0.09%, or 5.27 points, to end the week at a value of 6,121.23, while the S&P
500 fell 0.15%, or 3.54 points, to close Friday on a value of 2,390.90. According to Investopedia, global markets recorded mixed
performances as Japans Nikkei 225 rose 2.25%; Germanys DAX 30 rose 0.42%; and, Britains FTSE 100 rose 1.8%.

Gainers
Gainers
Continuing a three week trend, banking equities tracked by the Index proved to be winning picks as most of the Gainers list
compromised of banking stocks, particularly from Nigeria. Guaranty Trust Bank was the weeks top stock with a gain of 12.3%.
Zenith Bank and First Bank rose by 12% and 10.7% respectively, while Guinness Nigeria a brewing company gained 9.4%.
According to The Eagle Online, Nigerian stocks rose to a more than six-month high last week as dollar liquidity continued to
improve on the currency market.

Another contributing factor to the performance of Nigerian banking shares tracked by the Index is that Moodys...maintained a
stable outlook for Nigerias banking sector, with the ratings agency noting that acute foreign-currency shortages were set to ease
.

Losers
On the other end of the spectrum, banking equities featured quite heavily but this time from across the wider Africa region. Last
weeks worst performing stock was Ecobank Transnational, which suffered a 5.7% drop in value. Banque de Tunisie fell 5.5%, while
Nairobi-listed Equity Bank dropped 5.3%. The stock for Banque Centrale Populaire of Morocco lost 3.9% and still in North Africa
shares for Poulina Group Holding edged down by 2.2%.

For more on the Ai40 Index, please visit the Africa investor website at www.africainvestor.com.
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