Market Insight: July 02, 2015

Nigeria

•  ASI -177bps, $23.6mill
•  Both banks (-102bps) and consumers (-91bps) closed in the red

Activity has been increasing ever so slightly over the last few sessions, but is still very much block orientated. We expect much of the same today.

Kenya

•  NSE20 -97bps, $12.5mill
•  Foreign selling in the big names drove the market lower

The market has opened the day on modest activity with EABL, Safaricom and KenolKobil being the main movers. Centum moved 170,100 shares, down 1.5% after a more substantive information about its plans of getting into the education sector across Africa in partnership with other players. EABL retreated 2.4% with 70,000 shares on foreign trades. KenolKobil continued on block trading, a trend which has been sustained for months now. NSE notched 6.5% higher on foreign investor buying. The leading losers were on thin volume with small cap Olympia and Uchumi Supermarkets featuring. The single largest shareholder in Uchumi, Jamii Bora Bank was quoted as having plans to use Uchumi locations as part of its branch network expansion to minimize costs.

Botswana

•  Closed yesterday

Mauritius

•  Semdex -40bps, $2.05mill

Zimbabwe

•  Ind -101bps, $1.54mill

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

12.22

-0.49

Nigeria

NGN

198.85

-7.74

Kenya

KES

99.35

-8.81

Mauritius

MUR

35.27

-10.00

Botswana

BWP

9.91

-4.04

Tanzania

TZS

2032.00

-14.71

Uganda

UGX

3305.00

-16.16

Rwanda

RWF

735.32

-6.19

Ghana

GHS

4.35

-26.03

BRVM

XOF

592.66

-8.53

Egypt

EGP

7.63

-6.26

Morocco

MAD

9.75

-7.34

Tunisia

TND

1.95

-4.70

contacts
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  • South Africa +27 11 268 5833
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