Market Insight: June 03, 2015

Nigeria

•  ASI +5bps, $17.5mill
•  After a day of improved activity yesterday the market reverted back into silence as turnover remains below average

The NSE was quiet yet again yesterday although some late crosses did spice up proceedings. As has been the case recently, both foreign and local investors are quite patient and as such we expect to see another relatively quiet day punctuated with a couple of crosses.

Kenya

•  NSE20 +63bps, $8.1mill
•  BAT, Equity Bank and KCB accounted for 58.7% of market activity

The market has opened with a bit of activity from foreigners in EABL, KCB, EQUITY bank and SAFCOM. Eqbnk is the biggest mover at the moment on 1.3m trading at ksh 48. SAFCOM is up 06% on 2.9m shares trading at 16.60. KCB has traded 279, 00 shares so far with foreigners as net sellers at the moment. cfcbank is the biggest loser , down 8.04% to trade at shs 105. The bank confirmed book closure for its final dividend of KES 5.2(DIVIDEND YILED OF 4.9%) to be on 3 June 2015 with payment set for on or about 13 August 2015. We continue to see robust bids on eabl and NSE from international investors.

Botswana

•  DCI +3bps, $74k

Mauritius

•  Semdex +17bps, $1.4mil

Zimbabwe

•  Ind -10bps, $1.1mill

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

12.21

-5.25

Nigeria

NGN

199.05

-7.84

Kenya

KES

97.00

-6.60

Mauritius

MUR

35.45

-10.44

Botswana

BWP

9.96

-4.33

Tanzania

TZS

2140.00

-19.02

Uganda

UGX

3073.00

-9.83

Rwanda

RWF

692.49

-0.39

Ghana

GHS

4.08

-21.32

BRVM

XOF

591.68

-9.99

Egypt

EGP

7.62

-6.21

Morocco

MAD

9.84

-7.80

Tunisia

TND

1.96

-5.26

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