Market Insight: August 03, 2015


Nigeria

•  ASI -84bps, $10.7mill
•  A dire day to end the week

Earning season is still in full swing with most results seemingly disappointing the market. We expect a slow start to the week from an activity point of view with a few blocks boosting activity.

Kenya

•  NSE20 -184bps, $12.2mill
•  Foreigners continue to dominate proceedings

The market started the week on a losing streak, with volumes being generally modest ($ 100m). KNAL fell 8.9% to KES 5.20 on thin demand as investors continued to worry about the solvency of the airline after last week's KES 25.7bn PAT loss. TPS Serena, hotel chain, retreated 7.9% to KES 32.35 after slipping into loss territory. The hospitality industry is struggling from lower tourist arrivals. Investors continued to fret over proposed new telecommunication competition rules, with Safaricom easing 2.1%. Equity Bank inched 0.6% lower to KES 39.

Botswana

•  DCI -12bps, $59k

Mauritius

•  Semdex +6bps, $1.66mill

Zimbabwe

•  Ind -19bps, $416k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

12.63

-8.40

Nigeria

NGN

199.25

-7.93

Kenya

KES

102.45

-11.44

Mauritius

MUR

35.35

-10.19

Botswana

BWP

10.05

-5.64

Tanzania

TZS

2125.00

-18.95

Uganda

UGX

3435.00

-19.33

Rwanda

RWF

692.49

-0.39

Ghana

GHS

3.75

-14.31

BRVM

XOF

596.37

-9.11

Egypt

EGP

7.82

-8.54

Morocco

MAD

9.77

-7.08

Tunisia

TND

1.95

-4.85

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