Movers & Shakers: January 13, 2017

Botswana: DCI +0.02%, USD 48k

Nothing to report.

Kenya: NSE 20 -1.09%, USD 3.1m

A solid day from an activity point of view to end the week in Nairobi thanks once again to some action in Safcom (unch) as 21.4m shares changed hands in the telco. EABL (-1.4%) was also rather active thanks to a foreign cross as 1.6m shares traded in the brewer. EQBNK (-1.9%) continues to struggle, but on the positive side, there was some decent activity in the name as 5m shares traded. It was a rather quiet day for KNCB (unch). The NSE 20 Index has now fallen below the 3,000 (closed at 2,971), which is a new 7-year low.

Mauritius: Semdex +0.55%, USD 240k

The index gained a decent clip albeit on really tiny volumes. There was nothing exciting to write home about.

Nigeria: ASI -0.02%, USD 11.9m

A better day in Lagos, but activity remains well below par, and this should be taken with a pinch of salt as a cross in NB ($8.7m) accounted for the bulk of activity. Banking stocks managed to close higher with the sector gaining +0.45% on tiny volume. Consumers (-0.01%) closed the day slightly lower. On the currency front, according to a news report out from Reuters, the Central Bank has told traders that they won't devalue the Naira as they are looking to "boost Dollar inflows and eliminate the spread between the official and black market exchange-rates". According to the same report, the Central Bank has agreed to sell FX at 381 to bureaux de change operators.

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

Zimbabwe: Industrials +0.07%, USD 374k

A quiet end to a quiet week in Zimbabwe as the index tried its hardest to inch higher. The major action today was done in Seedco (101c).

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

13.51

1.70

Nigeria

NGN

314.84

0.16

Kenya

KES

103.90

-1.34

Mauritius

MUR

35.96

0.03

Botswana

BWP

10.58

0.96

Tanzania

TZS

2217.00

-1.62

Uganda

UGX

3610.50

-0.39

Rwanda

RWF

816.65

0.66

Ghana

GHS

4.25

-0.24

BRVM

XOF

618.75

1.81

Egypt

EGP

18.73

-3.13

Morocco

MAD

10.05

0.74

Tunisia

TNF

2.30

0.42
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