Market Insight: July 16, 2015


Nigeria

•  ASI -128bps, $37.5mill
•  A $21m bookover in Zenith Bank drove proceedings yesterday

The tone is Lagos remains subdued and in the light of weak H1 numbers that have come out thus far we expect this trend to continue today. We also expect general trading to remain quiet with just the odd cross to liven things up, especially ahead of the long weekend.

Kenya

•  NSE20 -4bps, $32.6mill
•  Another large cross in EQBNK (Helios the seller) boosted activity

The market has opened on a rather dull note in the absence of yesterday's Equity Bank foreign investor block trade. Equity Bank maintains the top mover position. The bank has shed 2.7% on foreign investor selling. The top gainers list is mainly dominated by small cap counters. After three consecutive sessions of declines, Britam is among the notable gainers (+4.4%). With 1.5m shares traded (highest), KCB has notched 0.93% higher on foreign investor trading. Safaricom is down 3.2% to KES 15.30 as supply outweighs demand. EA Cables is down 1.6% as the cable manufacturer's CEO resigns.

Botswana

•  DCI unch, $62k

Mauritius

•  Semdex +17bps, $1.42mill

Zimbabwe

•  Ind +5bps, $114k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

12.44

-7.05

Nigeria

NGN

198.52

-7.59

Kenya

KES

102.05

-11.22

Mauritius

MUR

35.43

-10.39

Botswana

BWP

10.02

-5.09

Tanzania

TZS

2145.00

-19.21

Uganda

UGX

3321.50

-16.57

Rwanda

RWF

725.30

-4.89

Ghana

GHS

3.40

-5.36

BRVM

XOF

601.77

-9.97

Egypt

EGP

7.83

-8.65

Morocco

MAD

9.85

-7.98

Tunisia

TND

1.96

-5.37

contacts
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