Market Insight: July 21, 2015

Nigeria

•  Closed yesterday

We expect a slow start to the week after the long weekend due to the Eid celebrations with the odd cross in the bigger names dominating proceedings.

Kenya

•  NSE20 -23bps, $7.5mill
•  A large foreign cross in Safcom dominated proceedings yesterday

The market opened the session with 17.1m moved on Safaricom, as the telco recovered 1.3% on foreign investor trades. The regulator is quoted as saying that the proposed competition rules were not targeted at Safaricom but rather the market. KCB also notched 1.8% with 913k shares. ARM Cement and Equity Bank were also active on a steady price. Britam fell 4.3%, with little demand weighing down the insurer. TransCentury, EA Portland and KenolKobil are leading gainers but on thin volumes. EA Cables (TransCentury subsidiary) added 1.3% on thin volumes.

Botswana

•  Closed yesterday

Mauritius

•  Semdex +27bps, $790k

Zimbabwe

•  Ind -1bps, $613k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

12.43

-6.95

Nigeria

NGN

199.00

-7.81

Kenya

KES

102.50

-11.61

Mauritius

MUR

35.58

-10.78

Botswana

BWP

10.05

-5.33

Tanzania

TZS

2145.00

-19.21

Uganda

UGX

3302.50

-16.09

Rwanda

RWF

725.55

-4.93

Ghana

GHS

3.29

-2.35

BRVM

XOF

606.67

-10.64

Egypt

EGP

7.83

-8.67

Morocco

MAD

9.87

-8.16

Tunisia

TND

1.98

-6.03

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