Market Insight: June 18, 2015

Nigeria

•  ASI -37bps, $20.6mill
•  There was an off-market cross of 11m shares in Seplat at N300

We expect all sectors to remain muted in today's session with the odd cross as investors continue to sit things out

Kenya

•  NSE20 +36bps, $6.5mill
•  Foreign participation remains muted on the bourse

The market opened the day with a block trade of 439,800 shares of Centum, up 0.8% on local investor trading. The counter only traded modest volume yesterday before being suspended after FY15 results were sent out. Equity Bank was unchanged on foreign investor trading. Britam is up 2.4% but with supply exceeding demand ahead of plans for disposal of a 24% stake to settle claims related to the majority shareholder BAI Mauritius. A strategic investor for the asset may be sought if the price in the market is to hold up - which is what seems to be the case with the vendors. Media companies are quiet after Kenya met the analogue to digital migration yesterday

Botswana

•  DCI +12bps, $140k

Mauritius

•  Semdex +13bps, $2.1mil

Zimbabwe

•  Ind -5bps, $2.6mill

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

12.43

-6.97

Nigeria

NGN

198.95

-7.79

Kenya

KES

97.90

-7.46

Mauritius

MUR

35.25

-9.93

Botswana

BWP

9.98

-4.71

Tanzania

TZS

2247.00

-22.87

Uganda

UGX

3220.00

-13.94

Rwanda

RWF

720.55

-4.27

Ghana

GHS

4.39

-26.79

BRVM

XOF

584.59

-7.27

Egypt

EGP

7.62

-6.23

Morocco

MAD

9.68

-6.25

Tunisia

TND

1.93

-3.87

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