Market Insight: June 29, 2015

Nigeria

•  ASI -81bps, $45.3mill
•  Turnover was ramped up by two large crosses in JBerger ($35.38m).

We expect the trend from last week to continue- quiet with a few large crosses.

Kenya

•  NSE20 +24bps, $4.9mill
•  Investors were mainly interested in the likes of Equity Bank and EABL throughout the session

The market has opened the week very slow with trades being mainly retail. Safaricom is looking positive with relatively decent demand at the previous closing price of KES 16.10. KCB fell 0.9% to KES 55 while Co-op bank notched 1.2% on relatively thin volumes. Mumias Sugar started to find support, adding 6.7%. NSE retreated 5.9% on thin volumes after a headline in the Business Daily attributed large market cap losses in the year to foreign investor selling. Olympia Capital, small cap, has not traded after announcing the closure of two loss making subsidiaries over the weekend.

Botswana

•  DCI -91bps, $4mil

Mauritius

•  Semdex +23bps, $1.7mil

Zimbabwe

•  Ind +13bps, $483k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

12.22

-5.36

Nigeria

NGN

198.97

-7.80

Kenya

KES

98.48

-8.00

Mauritius

MUR

35.22

-9.87

Botswana

BWP

9.89

-3.85

Tanzania

TZS

2166.30

-20.00

Uganda

UGX

3240.00

-14.48

Rwanda

RWF

735.88

-6.26

Ghana

GHS

4.39

-26.71

BRVM

XOF

590.08

-8.13

Egypt

EGP

7.62

-6.21

Morocco

MAD

9.73

-6.79

Tunisia

TND

1.94

-4.19

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