Commodity prices and commodity company stock prices in Africa in 2015
Dear Africa interested individuals: Tea is a major foreign exchange earner for Kenya. Kenya Tea prices have risen about 66% year-to-date. How did the stock price of three of its listed tea companies fare so far this year? Williamson Tea rose 35% , Kapchorua Tea rose 33% and Limuru Tea rose 41% . The price of the Tea companies have risen but, below the price surge of the underlying commodity. The overall market gloom in Kenya may have something to do with this. The key is that both (commodity price & commodity company price) are in positive growth territory. Raw Tobacco prices in Zimbabwe have risen by about 1.5% so far in 2015 while, British American Tobacco, Zimbabwe has risen 4.46% year-to-date as at September 18th, 2015. Both are on the same page in terms of direction though, the stock price is ahead of the commodity price which is the reverse of the Kenya case. Zimbabwe is also a major exporter of