Market Insight: June 08, 2015

Nigeria

•  ASI +59bps, $12.4mill
•  An absolutely dull session to end the week last Friday

Another slow day is expected in Lagos in the absence of any market catalyst.

Kenya

•  NSE20 +22bps, $2.8mill
•  Turnover fell to the lowest level since January

The market is relatively quiet, with little movement or volumes noted in most of the large caps. Turnover is however boosted by a block trade of 7m shares of NSE, down 2.4% - a foreign investor purchase and local selling, with buying interest seemingly continuing from last Friday. Tightly held Diamond Trust Bank moved 25,000 shares at KES 227, with a local investor buying. Safaricom was down 1.2% to KES 16.15 on relatively thin volumes. The most notable news today in telecommunications sector is Microsoft testing the use of white space to deliver broadband internet in rural Kenya. Overall, the market is awaiting the outcome of an emergency monetary policy committee tomorrow, where the market expects to see a rate increase.

Botswana

•  DCI +1bps, $5.3mill

Mauritius

•  Semdex +16bps, $1.5mill

Zimbabwe

•  Ind -10bps, $410k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

12.55

-7.82

Nigeria

NGN

199.00

-7.81

Kenya

KES

96.90

-6.50

Mauritius

MUR

35.22

-9.87

Botswana

BWP

10.06

-5.76

Tanzania

TZS

2170.00

-20.14

Uganda

UGX

3077.00

-9.94

Rwanda

RWF

694.99

-0.75

Ghana

GHS

4.14

-22.42

BRVM

XOF

592.91

-8.57

Egypt

EGP

7.62

-6.25

Morocco

MAD

9.75

-6.92

Tunisia

TND

1.94

-4.39

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