Market Insight: July 01, 2015

Nigeria

•  ASI -21bps, $12.9mill
•  Absolutely dead quiet yesterday

The Nigerian bourse remains absolutely dull with still just the odd cross going through. Today we expect it to be much the same as the market drifts along aimlessly.

Kenya

•  NSE20 +58bps, $3.6mill
•  A very dull day yesterday with no crosses worth mentioning

The market opened the day with Equity Bank plummeting 8.4% on thin demand ahead of 1H15 numbers. Barclays was also weak, shedding 6.4% on relatively thin volumes. Co-op bank notched 1.2% higher on foreign investor buying - 2m shares. The government is keen to have the banking sector adopting annual percentage pricing for better comparison on the price of credit, but that in itself should not have an impact on margins. Safaricom was unchanged at KES 15.55. Turnover is around USD 1m. Leading gainers are generally on thin volumes.

Botswana

•  DCI +66bps, $63k

Mauritius

•  DCI +66bps, $63k

Zimbabwe

•  Ind +159bps, $380k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

12.39

-6.63

Nigeria

NGN

199.00

-7.81

Kenya

KES

100.80

-10.12

Mauritius

MUR

35.65

-10.94

Botswana

BWP

10.02

-5.28

Tanzania

TZS

2115.00

-18.06

Uganda

UGX

3300.00

-16.03

Rwanda

RWF

722.43

-4.52

Ghana

GHS

3.35

-3.95

BRVM

XOF

604.67

-10.34

Egypt

EGP

7.82

-8.64

Morocco

MAD

9.88

-7.96

Tunisia

TND

1.97

-5.60

contacts
  • Bermuda +1 441 278 7620
  • South Africa +27 11 268 5833
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