Market Insight: June 24, 2015


Nigeria

•  ASI -1bps, $11.2mill
•  Absolutely nothing on the go yesterday

We expect trading to remain muted in the absence of any market catalyst with a few crosses in select names dominating proceedings.

Kenya

•  NSE20 -9bps, $7.1mill
•  Foreigners dominated activity yesterday

The market has opened the day with relatively low volumes. BAT is the largest mover, unchanged fore the day at KES 700. Mumias Sugar is up 9.5% (no supply) ahead of a presidential visit to the western region where the factory is based. An announcement and detail of the KES 1bn bailout loan is expected to be announced. Safaricom & NMG are trending slightly higher, unaffected, after the term of the Communications Authority of Kenya director general got renewed for another 4 years. Equity Bank also notched higher after news that Helios had sold a 2.44% stake to NSSF Uganda (the social security fund) at a price of KES 50/= per share (premium to market). Helios appears to be disposing its stake in the bank, but in blocks to strategic investors.

Botswana

•  DCI +1bps, $43k

Mauritius

•  Semdex -5bps, $840k

Zimbabwe

•  Ind -86bps, $949k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

12.22

-5.30

Nigeria

NGN

198.85

-7.74

Kenya

KES

98.87

-8.36

Mauritius

MUR

35.15

-9.68

Botswana

BWP

9.89

-3.85

Tanzania

TZS

2285.70

-24.18

Uganda

UGX

3310.00

-16.28

Rwanda

RWF

735.75

-6.24

Ghana

GHS

4.41

-27.04

BRVM

XOF

589.96

-8.09

Egypt

EGP

7.62

-6.23

Morocco

MAD

9.73

-6.76

Tunisia

TND

1.94

-4.18

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