Market Insight: June 25, 2015

Nigeria

•  ASI -34bps, $30.7mill
•  A much better day thanks to crosses in JBerger ($12.09m) and Unilever ($7.71m)

We are hoping that yesterday's activity can spill over into today's session, but unfortunately we once again expect a lack of active trading with blocks once again dominating proceedings.

Kenya

•  NSE20 +36bps, $22.4mill
•  The highlight of the day was an off-market cross in EQBNK (ca. 90m shares at KES 50.00)
•  There was also a large foreign cross in KNCB as 28.1m shares traded

The market has opened the day with a block trade on KCB Bank, foreign selling with locals buying - 680,200 shares. Mumias clawed up another 8.7% on little supply following a presidential visit to the sugar growing belt where the government promised to help farmers. Uchumi was unchanged at KES 9.00 on 490,000 shares as the supermarket chain continued to reel from a string of bad news over its management. Kenya Airways was trading on thin volumes after Parliament lacked quorum to pass proposals that would have allowed the government provide a bailout loan.

Botswana

•  DCI +2bps, $112k

Mauritius

•  Semdex -13bps, $495k

Zimbabwe

•  Ind -31bps, $230k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

12.14

-4.76

Nigeria

NGN

199.00

-7.81

Kenya

KES

98.60

-8.11

Mauritius

MUR

35.22

-9.87

Botswana

BWP

9.87

-3.57

Tanzania

TZS

2332.50

-25.70

Uganda

UGX

3295.00

-15.90

Rwanda

RWF

699.99

-1.45

Ghana

GHS

4.39

-26.81

BRVM

XOF

589.30

-8.00

Egypt

EGP

7.62

-6.23

Morocco

MAD

9.73

-6.39

Tunisia

TND

1.94

-4.01

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