Market Insight: July 24, 2015

Nigeria

•  ASI -16bps, $16.2mill
•  Another dull trading session yesterday

Nothing much to report from Lagos and we expect the trend of a dull market to continue with a few select blocks dominating proceedings as foreigners remain cautious.

Kenya

•  NSE20 -86bps, $5.3mill
•  A rather dull session yesterday with not much foreign action

The market opened the day weaker, with Safaricom retreating 0.7% & Nation Media down 3.2% on 6.2m and 150k shares respectively. Centum has shed 3% to 103k. Banking sector is looking weak, with Equity Bank, Co-op Bank and KCB Bank on a losing streak. Scangroup has shed 2.6% after posting a flat performance in its 1H15 numbers just released. This is however on thin volumes. BAT Kenya is unchanged after 1H15 results, which are broadly in line with expectations. The two are the first to kick off the 1H15 earnings season. Britam is the leading loser, declining 6.2%.

Botswana

•  DCI +7bps, $111k

Mauritius

•  Semdex +2bps, $940k

Zimbabwe

•  Ind -8bps, $1.43mill

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

12.41

-6.77

Nigeria

NGN

198.52

-7.59

Kenya

KES

100.70

-10.03

Mauritius

MUR

35.53

-10.65

Botswana

BWP

10.00

-4.90

Tanzania

TZS

2075.00

-16.48

Uganda

UGX

3307.00

-16.22

Rwanda

RWF

748.00

-7.78

Ghana

GHS

3.27

-1.60

BRVM

XOF

599.72

-9.64

Egypt

EGP

7.82

-8.63

Morocco

MAD

9.81

-7.66

Tunisia

TND

1.96

-5.18

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