Market Insight: August 14, 2015


Nigeria

•  ASI -114bps, $20.05mill
•  A better day yesterday thanks to a few crosses

Nothing much to note in Lagos as the market remains uninteresting. Most investors are patient sitting on the sidelines in the absence of anything specific. We expect this trend to continue today.

Kenya

•  NSE20 -8bps, $6.1mill
•  Foreigners continue to dominate

The market is trending slightly lower with the main activity being a block trade on Standard Chartered Bank and foreign trades on Safaricom. Overall volumes are at just $ 0.8m. Safaricom is down 2.9% on increased supply after the communications authority ordered the company to be more transparent over its Lipan a M-Pesa charges on payments made at petrol stations. Britam retreated 1.6% ahead of 1H15 results. Centum is unchanged after getting a power purchase agreement for phase one of the 140MW geothermal development plan which involves 70MW. Mumias Sugar was volatile, climbing 8.1% as political pressure mounted over the status of the industry in western Kenya. KCB and Co-op shed 1% and 1.5% respectively but on generally thin volumes.

Botswana

•  DCI +4bps, $466k

Mauritius

•  Semdex +22bps, $1.80mill

Zimbabwe

•  Ind -50bps, $2.45mill

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

12.80

-9.64

Nigeria

NGN

199.05

-7.84

Kenya

KES

101.75

-10.97

Mauritius

MUR

35.50

-10.57

Botswana

BWP

10.13

-6.28

Tanzania

TZS

2130.00

-18.64

Uganda

UGX

3552.00

-21.99

Rwanda

RWF

748.50

-7.84

Ghana

GHS

4.00

-19.67

BRVM

XOF

594.25

-8.78

Egypt

EGP

7.82

-8.61

Morocco

MAD

9.74

-6.89

Tunisia

TND

1.95

-4.64

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