Movers & Shakers: April 24, 2017


Botswana: DCI +0.11%, USD 646k

Some local action in FNBB (278t) was the only real trading on a quiet day.

Kenya: NSE 20 +0.46%, USD 3.1m

A very quiet start to the week in Nairobi. Foreign investors were net buyers. The most active stock was EABL (unch, KES240.00) which saw some decent action (foreign both sides) while the rest of the market was dull.

Mauritius: Semdex +0.10%, USD 870k

A rather sluggish start to the week with some small action in the likes of MCBG, CTL and LUX the most active counters on the day.

Nigeria: ASI +2.21%, USD 4.6m

The morning broke with the news that the CBN was going to “float” the naira. On face value this is positive, however investors are somewhat skeptical and took a cautious initial stance as they wait to see how this gets implemented. Nevertheless, the ASI rose by 2.21% with Banks (+3.01%) really leading the way. All Tier 1 names closed in the green with activity in Zenith (+2.07%, N14.80) the main highlight. Consumers (-4bps) were quiet.

Please note that the index figure above is correct at the time of writing.

Zimbabwe: Industrials -0.18%, USD 485k

Some small activity in Econet ($300k) and OK Zim ($122k) tried to get the market going, but to no avail as the rest of the market was dead quiet yet again.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

12.99

5.75

Nigeria

NGN

323.86

-2.63

Kenya

KES

103.30

-0.76

Mauritius

MUR

35.03

2.68

Botswana

BWP

10.31

3.63

Tanzania

TZS

2225.90

-2.03

Uganda

UGX

3617.04

-0.57

Rwanda

RWF

826.85

-0.59

Ghana

GHS

4.16

1.93

BRVM

XOF

605.90

3.97

Egypt

EGP

18.18

-0.19

Morocco

MAD

9.93

1.94

Tunisia

TND

2.48

-6.44

contacts
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  • South Africa +27 11 268 5833