Market Insight: August 05, 2015


Nigeria

•  ASI +70bps, $23.2mill
•  Activity continued to increase yesterday with foreign interest returning

We saw some interest return to the market yesterday with foreigners returning albeit it in block form and we are hopeful that it will spill over into today's session.

Kenya

•  NSE20 -27bps, $18.6mill
•  A massive cross in Safcom early doors boosted activity yesterday

The market has opened stable with turnover robust at $6.2m. Safaricom, Equity Bank, EABL and KCB are among the largest movers. Safaricom is unchanged at KES 14 with the attorney General quoted as asking the ICT Secretary to withdraw from Parliament the Fair Competition and Equality of Treatment Regulations. This is because the regulations also touch on the Competition Authority of Kenya which was bypassed in the proposals. It is not clear whether this will alter the substance of the regulations. Banks appeared to be trending lower with KCB retreating 2.1%; Co-op Bank is down 3.7%; CFC Bank -4.1% and DTK -1.5%. Equity Bank was the only exception, notching 1.3% higher. NMG was quiet while Uchumi was 3% lower ahead of 1H15 and FY15 results respectively.

Botswana

•  DCI +16bps, $973k

Mauritius

•  Semdex +34bps, $2.82mill

Zimbabwe

•  Ind -10bps, $218k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

12.64

-8.57

Nigeria

NGN

199.00

-7.81

Kenya

KES

101.05

-10.34

Mauritius

MUR

35.47

-10.50

Botswana

BWP

10.10

-5.85

Tanzania

TZS

2113.00

-17.98

Uganda

UGX

3460.00

-19.91

Rwanda

RWF

750.00

-8.03

Ghana

GHS

3.81

-15.66

BRVM

XOF

601.97

-9.95

Egypt

EGP

7.83

-8.67

Morocco

MAD

9.82

-7.57

Tunisia

TND

1.96

-5.36

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