Market
Commentary
- African Footprint
- Movers & Shakers
- Market Insight
- Daily Pricing
- African Thoughts
- July 2017
- June 2017
- May 2017
- Apr 2017
- Mar 2017
- Feb 2017
- Jan 2017
- Dec 2016
- Nov 2016
- Oct 2016
- Sep 2016
- Aug 2016
- Jul 2016
- Jun 2016
- May 2016
- Apr 2016
- Mar 2016
- Feb 2016
- Jan 2016
- Dec 2015
- Nov 2015
- Oct 2015
- Sep 2015
- Aug 2015
- August 31, 2015
- August 24, 2015
- August 17, 2015
- August 10, 2015
- August 03, 2015
- Jul 2015
- Jun 2015
- May 2015
- Apr 2015
- Mar 2015
- Feb 2015
- Jan 2015
- Dec 2014
- Nov 2014
- Oct 2014
- Sep 2014
- Aug 2014
- Jul 2014
- Jun 2014
- May 2014
- Apr 2014
- Mar 2014
- Feb 2014
- Jan 2014
- African Thoughts Archive
African Thoughts: August 17, 2015
Nigeria:
The ASI continues to fall on the back of minimal interest. The index fell by 2.34% last week and is now down 11.40% YTD. Both the banks (-5.20%) and Consumers (-2.74%) spent the week on the back foot yet again. Banks were led lower by losses on UBA (N3.38, -18.55%) and Fidelity Bank (N1.34, -12.99%). The Consumer Index was also down by 2.74% with losses on the likes of Guinness (N121.00, -7.63%) and NB (N126.93, -5.98%).
Kenya:
The NSE 20 (+1.8%) and the NASI (+1.1%) rose for the second straight week. However, both indices are still down for the year with the NSE 20 down 12.10% and the NASI down 6.60%. The lion's share of the action last week took place in Safcom with the telco gaining 3.1% to KES15.00. There were also a couple of chunky crosses in BATK (+8.7%, KES800.00) while EABL (+1%, KES307.00) was also strong). The banks had a tough week with Equity Bank slipping by 2.9% to KES42.00 and KNCB falling to KES47.50 (-3.6%).
Zimbabwe:
It was a 3 day trading week in Harare although the shortened week did nothing to stem the sell off as the Industrials fell by 2.73% (YTD -13.15%). Macroeconomic pressures continue to weigh down on investor sentiment while a general lack of interest permeates throughout the market. Beverages giant Delta was the major casualty for the week as it fell by 4.12% to 93c while Econet followed suit by shedding 3.33% to 29c. OKZim was also down by 2.32% to 8c. Dairibord released their June 2015 interim financials during the week which showed a 10% rise in revenues.
Mauritius:
The Sem-10 fell by 88bps last week while the mainstream Semdex dropped by 53bps. The Sem-10 is now down 2.5% YTD. Activity levels in Port Louis remain generally dull and are still heavily skewed towards the 2 large banking groups. In the early part of the week we saw aggressive selling in MCBG before some buying meant the stock closed the week at Rs216.00 (-2.6%). SBMH also closed the week soft at Rs0.87 (-1.1%).
- Bermuda +1 441 278 7620
- South Africa +27 11 268 5833
