Movers & Shakers: March 10, 2017

Botswana: DCI -0.07% USD 117k

A dull day with nothing to report.

Kenya: NSE 20 +0.40%, USD 3.9m

A quiet end to the week in Kenya. Safcom (68%) yet again dominated the market activity although after a torrid few days the telco finally caught a bid and closed up 5.62% at KES16.90. The banks saw some mild action and were both positive with Equity Bank gaining 1.89% to KES27.00 while KNCB gained 3.51% to KES29.50.

Mauritius: Semdex -0.03%, USD 1.0m

It was an average day on the activity front in Port Louis with some small activity in NMH, Ciel and MCBG, but nothing worth writing home about. February monthly tourist arrivals increased 4.3% y/y to 105,049.

Nigeria: ASI +0.27%, USD 7.3m

Zenith Bank yet again accounted for the lion’s share (>55%) of total market turnover with local buying clearly evident. Most banking stocks were little changed on the day as the sector fell by a mere 49bps. However, outside of Zenith (+89bps, N14.78) the sector was rather dull. Consumers gained 61bps but there wasn’t much excitement to write home about.

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

Zimbabwe: Industrials -0.01%, USD 345k

A slow day to end the week in Harare with some activity in the local Econet Rights ($216k) the only name worth mentioning.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

13.19

4.28

Nigeria

NGN

314.70

0.20

Kenya

KES

102.60

-0.09

Mauritius

MUR

35.25

2.06

Botswana

BWP

10.47

1.60

Tanzania

TZS

2234.00

-2.37

Uganda

UGX

3597.46

-0.03

Rwanda

RWF

825.00

-0.36

Ghana

GHS

4.59

-7.73

BRVM

XOF

622.10

1.26

Egypt

EGP

17.60

3.05

Morocco

MAD

10.06

0.69

Tunisia

TNF

2.29

0.97
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