Market Insight: July 15, 2015

Nigeria

•  ASI -81bps, $22.2mill
•  Crosses in Zenith ($10.49m), NB ($4.55m) and DangCem ($2.26m) drove proceedings yesterday

Each day remains the same - generally quiet with the odd cross. Yesterday saw crosses in the likes of Zenith Bank, NB and Dangcem. When volumes are low we generally see weak sentiment and yesterday was the same. We expect this trend to continue today. Please note that Fri 17 July and Mon 20 July have now been officially confirmed as holidays in Nigeria.

Kenya

•  NSE20 -67bps, $5.4mill
•  Not much on the go yesterday with foreigners dominating proceedings

The market has opened on a slightly positive note with foreign investors mainly buyers on Equity Bank, ScanGroup and Co-operative Bank. Centum is active today on local investor block trades. 4,489,900 volumes have traded at KES 59.50. Safaricom is down 1.6% to KES 15.75 on foreign investor selling though local investors are more active on Safaricom. On foreign investor buying, Equity Bank is up 1.7% with 1,527,600 volumes traded. Up 8.3%, Standard Group has started on a positive note with some demand showing on the counter.

Botswana

•  DCI +20bps, $733k

Mauritius

•  Semdex +14bps, $1.3mill

Zimbabwe

•  Ind -17bps, $1.25mill

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

12.35

-6.33

Nigeria

NGN

199.90

-7.77

Kenya

KES

101.53

-10.77

Mauritius

MUR

35.44

-10.41

Botswana

BWP

9.95

-4.38

Tanzania

TZS

2030.00

-14.63

Uganda

UGX

3310.00

-16.28

Rwanda

RWF

724.17

-4.75

Ghana

GHS

3.50

-8.07

BRVM

XOF

598.20

-9.39

Egypt

EGP

7.82

-8.64

Morocco

MAD

9.81

-7.45

Tunisia

TND

1.96

-4.94

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