Movers & Shakers: August 31, 2016


Botswana: DCI +0.03%, USD 65k

Another day with nothing to report from Gaborone.

Kenya: NSE 20 +1.99%, USD 17.7m

Activity continues to impress in Nairobi as the volatility continues in banking stocks. KNCB continued to bounce today as local buyers drove the name +8.8% higher with 24.4m shares changing hands while foreign demand at these lower levels in EQBNK (+7.8%) helped the name start some form of recovery as 10m shares traded over the day. There was a large foreign cross in the usually illiquid BATK (-4.6%) as 357k shares traded. Safcom closed the day unchanged as 12.2m shares traded in the telco while EABL fell -0.4% on 556k shares.

Mauritius: Semdex -0.04%, USD 1.2m

A decent day from an activity point of view in Port Louis as MCBG continues to be the only name that investors are showing any interest in as 181k shares traded in the name.

Nigeria: ASI +0.39%, USD 15.4m

Activity continued to increase in Lagos with a few decent crosses and some two way action in the likes of NB ($3.5m), Nestle ($3.5m), GTB ($2.8m) and Zenith ($1.1m). Banking stocks managed to close the day higher with the sector gaining +0.43% thanks to GTB as the sector heavyweight gained +1.53%. Consumers (+0.27%) also closed slightly higher thanks to 7UP (+9.38%). On the economic front, 2016 Q2 GDP shrank to -2.06%, which now puts the country officially in a recession while inflation for June rose to +17.1%.

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

Zimbabwe: Industrials -0.21%, USD 74k

Another woeful day in Harare.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

14.64

5.66

Nigeria

NGN

315.75

-36.88

Kenya

KES

101.25

1.04

Mauritius

MUR

35.20

1.85

Botswana

BWP

10.88

3.14

Tanzania

TZS

2186.00

-1.68

Uganda

UGX

3375.00

-0.09

Rwanda

RWF

803.33

-7.26

Ghana

GHS

3.96

-3.94

BRVM

XOF

593.36

4.24

Egypt

EGP

8.78

-10.89

Morocco

MAD

9.77

1.65

Tunisia

TNF

2.21

-7.76

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