Market Insight: May 12, 2015

Nigeria

•  ASI -13bps, $11.8mill
•  Significant contributors included Zenith Bank ($5.4m), GTB ($712k) and NB ($894k)

As expected the Nigerian bourse got off to a very slow start and we expect that trend to continue today. The market remains non-committal either way and as such we are seeing the ASI just meander along with no clear direction.

Kenya

•  NSE20 -56bps, $6.8mill
•  Foreigners were net sellers in Safaricom causing the name to close down by 0.9% at KES16.90

The NSE 20 index has opened 0.48% higher this morning. SAFCOM , biggest mover so far on USD 0.917M is unchanged at Ksh 16.90. Plenty of offers are floating around at shs 17 from internationals sellers at the moment. KCB is down 1.58% on a volume of 76,000 shares after books closed yesterday. The counter is now trading EX dividend today. UCHUMI continues to edge upwards driven by local demand and is up 3% so far today trading at shs 11.25. EABL has declined further, down 1.6% to open at shs 310.

Botswana

•  Changes were saved

Mauritius

•  Semdex -50bps, $35.3mil

Zimbabwe

•  Ind -27bps, $2.8mill

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

12.02

-3.76

Nigeria

NGN

198.30

-7.49

Kenya

KES

95.90

-5.53

Mauritius

MUR

35.15

-9.67

Botswana

BWP

9.80

-3.09

Tanzania

TZS

1983.80

-12.64

Uganda

UGX

3003.00

-7.73

Rwanda

RWF

722.56

-4.53

Ghana

GHS

3.88

-17.07

BRVM

XOF

591.39

-8.34

Egypt

EGP

7.61

-6.08

Morocco

MAD

9.71

-6.60

Tunisia

TND

1.92

-3.27

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