Market Insight: May 08, 2015

Nigeria

•  ASI -8bps, $18.8mill
•  There was some action in the likes of Unilever ($3.23m), GTB ($2.80m), Access ($2.34m) and Zenith ($1.74m).

Another dull day yesterday with volumes once again dominated by one or two crosses in select names. Banking stocks were propped up by ETI (+10.19%) which had a very solid day as foreigners looked to buy the name. Expect much of the same today, with crosses dominating proceedings while the broader market remains quiet.

Kenya

•  NSE20 -18bps, $14.0mill
•  Safcom fell -2.3% on 19.8m shares after releasing FY 2015 results with foreigners driving the name lower

KCB and Equity Bank seem to be out of the woods now with the two counters starting to see demand. KNCB opened 2.5% to trade at ksh 59.50. eqbnk opened at 46, up 2.2%. safcom , biggest mover so far on 11 m shares seems to have stabilized today trading at 17.10 driven by local demand. EABL remained stable at shs 325 on 29,000 shares so far.

Botswana

•  DCI -6bps, $11k

Mauritius

•  Semdex +35bps, $3.6mil

Zimbabwe

•  Ind +2bps, $1.4mill

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

12.03

-3.82

Nigeria

NGN

199.05

-7.84

Kenya

KES

95.25

-4.88

Mauritius

MUR

34.79

-8.76

Botswana

BWP

9.80

-3.19

Tanzania

TZS

1985.00

-12.70

Uganda

UGX

3005.00

-7.79

Rwanda

RWF

697.68

-1.13

Ghana

GHS

3.87

-16.93

BRVM

XOF

585.73

-7.43

Egypt

EGP

7.57

-5.63

Morocco

MAD

9.68

-6.16

Tunisia

TND

1.90

-2.47

contacts
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  • South Africa +27 11 268 5833
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