Movers & Shakers: June 24, 2016

Botswana: DCI -0.38%, USD 460k

Nothing overly exciting took place today with mild trading in Sechaba (2900t) and Sefalana (1330t) the main highlights.

Kenya: NSE 20 -1.02%, USD 6.6m

A rather average day in Nairobi as foreigners continued to dominate proceedings. The market came under a bit of pressure with the NSE 20 Index reaching levels last seen in May 2012 as foreign outflows for the session amounted to $1.15m. EQBNK (-1.2%) continued to come under pressure on foreign selling as 9.2m shares traded while KNCB (-0.7%) also closed the day lower on low volume. There was a bit of action in the usually illiquid Co-op Bank (local buyer/ foreign seller) while BMBC came under pressure and fell -2.9% on foreign selling. Safcom's recent woes continued as the telco closed -2.5% lower.

Mauritius: Semdex -0.11%, USD 890k

Another relatively dull session to end the week in Mauritius. MCBG slipped by 20bps to Rs212.00.

Nigeria: ASI -1.36%, USD 13.2m

With all eyes focused on the U.K and Europe it was understandable that there would be a lack of interest in the Lagos bourse today. There was a little bit of activity in GTB ($3m), Zenith ($2.4m) and DangCem ($2.1m) while the rest of the market was rather dull. The rally in banking stocks came to a halt today with the sector closing -1.87% lower with losses in UBA (-3.92%), Zenith (-0.95%) and GTB (-0.29%). Consumers (-1.38%) were also weaker with NB (-3.00%) being the major drag on the sector. All in all, it has been a rather hectic week in Lagos with the devaluation of the Naira and Brexit as a number of investors still have a rather cautious stance while we wait for the dust to settle.

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

Zimbabwe: Industrials +1.28%, USD 629k

The index finished the week on a strong note with activity focused on Innscor (17.3c) and Seedco (57c).

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

14.91

3.76

Nigeria

NGN

281.75

-29.26

Kenya

KES

101.30

0.99

Mauritius

MUR

35.40

1.27

Botswana

BWP

10.94

2.69

Tanzania

TZS

2191.00

-1.90

Uganda

UGX

3405.00

-0.97

Rwanda

RWF

804.00

-7.34

Ghana

GHS

3.94

-3.43

BRVM

XOF

598.21

3.40

Egypt

EGP

8.87

-11.80

Morocco

MAD

9.79

1.50

Tunisia

TNF

2.18

-6.41
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