Market Insight: July 03, 2015

Nigeria

•  ASI -38bps, $8.8mill
•  Absolutely nothing on the go yesterday

With the U.S closed due to the Independence Day holiday we expect an extremely slow session.

Kenya

•  NSE20 -39bps, $4.7mill
•  Things slowed down yesterday as foreign participation dropped off

The market has opened the day on a slow note. KCB (+1.9%) is the leading mover having moved a modest 30,200 shares. Safaricom has inched 1% lower with information out that the regulator has released a new draft of regulations (Kenya Information and Communications (Fair Competition and Equality of Treatment) Regulations, 2015). The criteria for determining a licensee as dominant has been lowered dramatically - which would effectively place Safaricom as dominant and thus subject to more punitive reporting, costing and pricing. Oil marketers, KenolKobil and Total are on an upward momentum, edging up 1% and 3% respectively. On low volumes, Uchumi (-8%) has declined for the second straight session. In the absence of foreign investor demand, NSE has retreated 2.4%. After touching an all year low of KES 290 in the previous session, EABL has recorded no activity.

Botswana

•  DCI +7bps, $123k

Mauritius

•  Semdex -35bps, $570k

Zimbabwe

•  Ind -46bps, $1.84mill

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

12.26

-5.64

Nigeria

NGN

198.90

-7.77

Kenya

KES

99.60

-9.04

Mauritius

MUR

35.35

-10.19

Botswana

BWP

9.92

-4.14

Tanzania

TZS

2013.00

-13.91

Uganda

UGX

3320.00

-16.54

Rwanda

RWF

707.49

-2.50

Ghana

GHS

4.20

-23.39

BRVM

XOF

593.90

-8.72

Egypt

EGP

7.72

-7.37

Morocco

MAD

9.75

-6.92

Tunisia

TND

1.95

-4.66

contacts
  • Bermuda +1 441 278 7620
  • South Africa +27 11 268 5833
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