Market Insight: July 14, 2015

Nigeria

•  ASI -32bps, $27.3mill
•  Crosses in Zenith ($14m), DangCem ($7m) and Nestle ($2m) drove proceedings

Expect a slow session once again with a few crosses boosting activity.

Kenya

•  NSE20 -8bps, $7.4mill
•  Foreign participation slowed down yesterday

The market has opened with foreign investors mainly buyers of KCB and EABL - which are dominating trading. Both counters have demand outweighing supply though only 25,100 and 4,800 shares have traded for KCB and EABL respectively. Centum today is slow and has shed 1.6% with supply outstripping demand. Despite facing pressure, NIC Bank is up 2% on news of partnerships signed with Safaricom's MPesa, Western Union and MoneyGram. The partnerships will enable the lender boost its non-funded income.

Botswana

•  DCI +12bps, $88k

Mauritius

•  Semdex -78bps, $720k

Zimbabwe

•  Ind -18bps, $1.2mill

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

12.48

-7.35

Nigeria

NGN

199.25

-7.81

Kenya

KES

102.10

-11.26

Mauritius

MUR

35.40

-10.31

Botswana

BWP

10.01

-5.00

Tanzania

TZS

2020.00

-14.21

Uganda

UGX

3287.50

-15.71

Rwanda

RWF

707..49

-2.50

Ghana

GHS

3.45

-6.74

BRVM

XOF

596.96

-9.19

Egypt

EGP

7.82

-8.62

Morocco

MAD

9.79

-7.28

Tunisia

TND

1.96

-5.05

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