Company News View All
Market
Commentary
- African Footprint
- Movers & Shakers
- Market Insight
- Daily Pricing
- African Thoughts
- July 2017
- June 2017
- May 2017
- Apr 2017
- Mar 2017
- Feb 2017
- Jan 2017
- Dec 2016
- Nov 2016
- Oct 2016
- Sep 2016
- Aug 2016
- Jul 2016
- Jun 2016
- May 2016
- Apr 2016
- Mar 2016
- Feb 2016
- Jan 2016
- January 25, 2016
- January 18, 2016
- January 11, 2016
- Dec 2015
- Nov 2015
- Oct 2015
- Sep 2015
- Aug 2015
- Jul 2015
- Jun 2015
- May 2015
- Apr 2015
- Mar 2015
- Feb 2015
- Jan 2015
- Dec 2014
- Nov 2014
- Oct 2014
- Sep 2014
- Aug 2014
- Jul 2014
- Jun 2014
- May 2014
- Apr 2014
- Mar 2014
- Feb 2014
- Jan 2014
- African Thoughts Archive
African Thoughts: January 18, 2016
Nigeria:
An absolutely diabolical week in Lagos as the NSE followed global markets lower. The ASI fell by a mammoth 13% with both the banks (-18.67%) and Consumers (-9.05%) getting pummeled. The banks spent most of the week trading at limit down but the biggest losses were recorded in Zenith Bank (N9.44, -31.89%), GTB (N13.37, -25.31%), Access Bank (N3.77, -18.04%) and FCMB (N1.18, -21.33%). The Consumers were dragged lower by NB (N96.90, -11.51%), Nestle (N740.05, -9.75%) and Cadbury (N13.30, -18.04%).
Kenya:
The Kenyan bourse was also soft although the falls were more muted than in most other markets. The most activity was recorded in EABL which bore witness to a number of crosses by both local and foreign investors. The brewer eventually settled at KES265.00 (-8.0%). The banks endured a mixed week - EqBnk gained 3.9% to KES40.00 thanks to a rally on Friday while KNCB fell by 4.2% to KES39.75. Safcom also spent most of the week on the back foot before eventually closing at KES16.10 (-1.8%).
Zimbabwe:
The Industrials fell by 2.03% last week which means that the ZSE is already down 3.99% for 2016. Much of the fall can be attributed to Delta which fell by 5.8% to 64.05c while Barclays and Old Mutual fell by 2.4% and 2% to 4.1c and 194c respectively. Econet inched slightly higher to 21.02c while Innscor (24c), CBZ (11c) and NatFoods (262.18c) all traded unchanged. Foreigners remain net sellers as they disposed of $2.35m worth of shares while only buying $990k.
Mauritius:
The Mauritian bourse was rather dull last week with nothing exciting to report on. MCBG fell slightly to Rs204.00 while SBMH also fell marginally to Rs0.70. Interestingly, the Semdex was about the only market in the world that bucked the trend as it rose by 70bps for the week.
- Bermuda +1 441 278 7620
- South Africa +27 11 268 5833
