Market Insight: June 19, 2015

Nigeria

•  ASI -5bps, $21.5mill
•  Yet another day of crosses for Seplat - crosses were completed at N300

We expect normal trading to remain quiet apart from the odd cross.

Kenya

•  NSE20 +12bps, $14.7mill
•  Foreign investors returned to the market

The market has opened with Centum as the top mover. Following FY15 performance figures, which were slightly above investor expectations, the counter has notched up 0.8% on local investor trading. However, only 103,400 have been traded. EABL is also a top mover though still on modest volumes, just 13,400 volumes traded. Price has remained unchanged though foreign investors are the main sellers. In the recently read budget for 2015/2016 financial year, taxes were increased for both beers and shift drinks. EABL however has already started a promotion to cushion itself from a drop in volumes due to anticipated increase in prices. Safaricom has attracted foreign investor buying though price remains unchanged at KES 16.05. Volumes traded so far are 347,000.

Botswana

•  DCI +5bps, $197k

Mauritius

•  Semdex+38 bps, $3.5mil

Zimbabwe

•  Ind -3bps, $254k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

12.18

-5.06

Nigeria

NGN

198.95

-7.79

Kenya

KES

98.05

-7.60

Mauritius

MUR

35.03

-9.38

Botswana

BWP

9.83

-3.28

Tanzania

TZS

2270.00

-23.66

Uganda

UGX

3285.00

-15.65

Rwanda

RWF

721.14

-4.35

Ghana

GHS

4.39

-26.71

BRVM

XOF

577.85

-6.19

Egypt

EGP

7.63

-6.32

Morocco

MAD

9.60

-5.45

Tunisia

TND

1.92

-3.01

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