Market Insight: June 04, 2015

Nigeria

•  ASI -54bps, $16.9mill
•  The market was quiet apart from the crosses in NB and Nestle

The Nigerian bourse feels like groundhog day as the continued absence of any specific catalyst weighs on market activity and sentiment. There is nothing that suggests that today's session will be any different.

Kenya

•  NSE20 -54bps, $13.7mill
•  EABL closed up 3.3% at KES314 (highest level in 15 consecutive sessions)

The market has opened fairly quiet with turnover at usd 76,000. Biggest mover so far is CFCI, down 1% on 67,000 shares at shs 25, followed by coop bank up 1% on 49,000 shares at 21.75. Safcom has opened 0.61% down on 160,000 shares at shs 16.20 with most locals still quiet on the name. Not much activity has been registered on the banking sector with KCB and equity bank stable at previous close of shs 58.50 and shs 47.75 respectively. EABL has not moved any column but we anticipate demand to start coming at levels of sh 313 and above driven by foreign investors. Sasini tea is the biggest loser down 5% on 300 shares at a price of 15.20.

Botswana

•  DCI +52bps, $1.6mil

Mauritius

•  Semdex +14bps, $1.5mil

Zimbabwe

•  Ind -37bps, $1.4mill

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

12.26

-5.68

Nigeria

NGN

196.95

-6.85

Kenya

KES

96.77

-6.38

Mauritius

MUR

35.37

-10.25

Botswana

BWP

9.95

-4.23

Tanzania

TZS

2150.00

-19.40

Uganda

UGX

3079.50

-10.02

Rwanda

RWF

689.99

-0.03

Ghana

GHS

4.14

-22.28

BRVM

XOF

584.26

-7.22

Egypt

EGP

7.63

-6.27

Morocco

MAD

9.68

-6.25

Tunisia

TND

1.92

-3.39

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