Market Insight: May 26, 2015

Nigeria

•  ASI -35bps, $13.8mill
•  Banking stocks (-0.68%) were a drag on the broader market

With the holiday in the U.K and the U.S yesterday it was rather painful and slow going. Activity is expected to pick up, yet still remain below par with a few blocks dominating proceedings. With the inauguration of the new president on Friday, we expect things to remain rather quiet.

Kenya

•  NSE20 -44bps, $7.3mill
•  Foreigners continue to dominate sales in Nairobi

The market has opened weaker today with safcom down 2% so far today on a volume of 2.74m trading at 15.87. KNCB remains stable at shs 60 for now on a volume of 1.2m trading at shs 60. COOP continues to hold at shs 22 with demand from both local and foreign investors. EABL is the biggest loser, down 10% with the last traded price being 270 on 7000 shares, followed by trancentury, down 4.4% on 4,100 shares at 12.95. The biggest gainer today is NSE , UP 5% ON a volume of 98,400 @ shs 21. foreign investors are still looking to buy the name with minimal supply so far coming in.

Botswana

•  DCI -2bps, $5.70mill

Mauritius

•  Semdex -11bps, $1.72mill

Zimbabwe

•  Closed yesterday

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

11.93

-3.05

Nigeria

NGN

198.00

-7.35

Kenya

KES

97.95

-7.50

Mauritius

MUR

35.50

-10.57

Botswana

BWP

9.81

-3.04

Tanzania

TZS

2045.00

-15.26

Uganda

UGX

3010.00

-7.94

Rwanda

RWF

690.28

-0.07

Ghana

GHS

4.03

-20.16

BRVM

XOF

600.04

-9.66

Egypt

EGP

7.63

-6.23

Morocco

MAD

9.82

-7.57

Tunisia

TND

1.96

-4.93

contacts
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  • South Africa +27 11 268 5833
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