Market Insight: June 16, 2015

Nigeria

•  ASI +29bps, $24.4mill
•  Locals accounted for the bulk of activity on the bourse

The market remains dull and we expect another similar day today especially with South Africa closed for a holiday. Local investors are heavily dominant on the crosses and we expect this to play another role today.

Kenya

•  NSE20 -11bps, $4.5mill
•  Foreigners were skewed towards the sell side of things

The market opened the day quiet, CIC Insurance the leading mover notching 1.32% higher on 360,400 shares. Uchumi Supermarkets slumped 9.7% on thin volumes after the board sacked the MD, FD and HR managers in the supermarket chain, citing 'gross misconduct'. Equity Bank retreated 0.54% to KES 46.50 as the bank battled successfully court litigation to launch its Equitel thin SIM card. Centum eased 0.8% as a competitor bidder in the coal power project suggested plans to appeal loss. Kapchorua and Williamson Tea were on an upward momentum despite disappointing F15 results as the two related companies issued a strong guidance for 2016 with the weaker currency and paid out a robust dividend.

Botswana

•  DCI unch, $56k

Mauritius

•  Semdex -12bps, $1.0mil

Zimbabwe

•  Ind +53bps, $1.9mill

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

12.40

-6.73

Nigeria

NGN

199.25

-7.93

Kenya

KES

97.35

-6.93

Mauritius

MUR

35.29

-10.03

Botswana

BWP

9.98

-4.84

Tanzania

TZS

2210.00

-21.58

Uganda

UGX

3190.00

-13.13

Rwanda

RWF

710.00

-2.84

Ghana

GHS

4.34

-25.86

BRVM

XOF

586.14

-7.52

Egypt

EGP

7.63

-6.27

Morocco

MAD

9.68

-5.90

Tunisia

TND

1.94

-3.94

contacts
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  • South Africa +27 11 268 5833
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