Market Insight: August 12, 2015


Nigeria

•  ASI -50bps, $14.6mill
•  Another slow day yesterday

The market is still in hibernation mode in Lagos with foreigners happy to sit on the sidelines during the last few weeks of the northern hemisphere summer. Block trading is once again expected to dominate proceedings in a few select names.

Kenya

•  NSE20 +80bps, $9.7mill
•  A few crosses in EABL dominated proceedings yesterday

The market opened broadly flat but with some pockets of weakness starting to manifest on some of the leading movers. Market activity is at just $ 3.4m. Umeme, the cross listed Ugandan utility, was the leading mover with a foreign purchase and local selling. Equity Bank and KCB retreated 0.6% and 0.5% respectively. CFC Stanbic Bank fell 8.4% after disappointing 1H15 numbers. Kenya Re eased 4% despite the reinsurer posting a decent 20% rise in PAT. Kenya Airways experienced some selling pressure retreating 2.5% after speculative tendencies on bailout talks which led the almost bankrupt airline higher. Co-op Bank added 0.8% after a 32% jump in 1H15 net profits announced this morning.

Botswana

•  DCI -7bps, $2.06mill

Mauritius

•  Semdex -11bps, $1.16mill

Zimbabwe

•  Closed yesterday

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

12.79

-9.57

Nigeria

NGN

199.25

-7.93

Kenya

KES

101.02

-10.16

Mauritius

MUR

35.62

-10.88

Botswana

BWP

10.13

-6.04

Tanzania

TZS

2107.00

-17.75

Uganda

UGX

3540.00

-21.72

Rwanda

RWF

754.00

-8.51

Ghana

GHS

3.90

-17.50

BRVM

XOF

598.22

-9.35

Egypt

EGP

7.82

-8.57

Morocco

MAD

9.78

-7.31

Tunisia

TND

1.95

-4.92

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