Market Insight: May 13, 2015

Nigeria

•  ASI -66bps, $16.6mill
•  Top contributors included GTB ($1.1m) and UBA ($8.1m) with the names closing up by 0.31% (N29.12) and 1.58% (N5.13) respectively.

Much of the same is forecast for the trading day in Lagos from an activity point of view as foreigners remain all but absent. Block trading in a few stocks is once again expected to dominate proceedings.

Kenya

•  NSE20 -59bps, $13.7mill
•  Equity bank closed up 1.6% on the back of sustained foreign demand.

Market opened strongly with EQBNK moving 7m shares @ shs 47.75 from both buyer and seller being foreign. SAFCOM continues its decline trading at lower price of 16.10 today but on an improved volume of 19m shares. KCB opened at a stable price of 58 on foreign selling. BRIT is down 6.2% trading at 22.50. ARML is down 5% , opening at shs 74 on a volume of 300 shares only.

Botswana

•  DCI unch, $2.9mil

Mauritius

•  Semdex -33bps, $7.1mil

Zimbabwe

•  Ind +12bps, $411k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

12.05

-4.05

Nigeria

NGN

199.25

-7.93

Kenya

KES

96.50

-6.11

Mauritius

MUR

35.07

-9.48

Botswana

BWP

9.84

-3.14

Tanzania

TZS

2008.00

-13.70

Uganda

UGX

2993.00

-7.42

Rwanda

RWF

712.60

-3.20

Ghana

GHS

3.88

-17.18

BRVM

XOF

586.04

-7.50

Egypt

EGP

7.62

-6.22

Morocco

MAD

9.68

-6.23

Tunisia

TND

1.92

-2.97

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