Movers & Shakers: September 09, 2015

Botswana: DCI -0.01%, USD 383k

There was some mild activity for a change in Gaborone with most of the volume going through in Letshego (314t) and Sefalana (1276t).

Kenya: NSE 20 +0.07%, USD 11.0m

Some foreign crossing in Safcom was the highlight of a mostly dull and slow-moving day. The telco closed down 1.4% at KES14.40 with more than $7m changing hands in the name. The next most active name was KNCB which closed marginally soft at KES46.25. Outside of these 2 names the market was painfully dead.

Mauritius: Semdex -0.10%, USD 2.72m

Another fairly active day in Port Louis thanks to some chunky trading in MCBG (unch, Rs210.00) and NMH (+50bps, Rs18.50).

Nigeria: ASI -2.98%, USD 21.5m

The market awoke to the news that Nigerian government bonds were to be removed from the JPM Emerging Market Government Bond Index (GBI-EM). The kneejerk reaction on the open was a massive sell-off which meant that this week's gains were given back early on. However, the index did seem to stabilize as the day progressed although banks (-3.94%) and Consumers (-2.06%) were both hit hard. However, as always volumes remain centered in just a couple of names and today we saw all the action take place in Zenith (-4.99%, N16.96), GTB (-4.98%, N23.28) and Diamond (-4.76%, N3.40). Consumers were more circumspect although Guinness (+5%, N131.48) was the only shining ray of light in the entire market after the announcement that parent company Diageo plans to increase its equity stake to 70% (up from current 54.3%).

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

Zimbabwe: Industrials +0.20%, USD 1.30m

Some action in the likes of Econet (27c), Dairibord (8.3c) and NatFoods ($3.0499) were really the only notable stocks today.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

13.65

-15.29

Nigeria

NGN

198.55

-7.61

Kenya

KES

105.25

-13.92

Mauritius

MUR

35.42

-10.38

Botswana

BWP

10.48

-9.17

Tanzania

TZS

2170.00

-20.14

Uganda

UGX

3660.00

-24.29

Rwanda

RWF

750.00

-8.03

Ghana

GHS

3.86

-16.69

BRVM

XOF

593.38

-8.64

Egypt

EGP

7.82

-8.63

Morocco

MAD

9.74

-6.85

Tunisia

TND

1.96

-5.31
contacts
  • Bermuda +1 441 278 7620
  • South Africa +27 11 268 5833
Quick links