Market Insight: May 14, 2015

Nigeria

•  ASI +27bps, $16.8mill
•  Top value trades included FBN ($3.3m), UBA ($2.6m) and GTB ($1.1m)

Expectations are for another slow day today as investors wait on the sidelines with uncertainty surrounding the new Buhari regime. Block trading will once again be the order of the day.

Kenya

•  NSE20 -65bps, $12.2mill
•  Current sentiments continued in the market as foreigners accounted for 83.7% of activity

The market has opened fairly stable today DTKL the biggest mover so far trading usd 571,000.Safaricom opened at sh 16.40 up 1.8% on a volume of 2.3m shares. Pan Africa Insurance Holdings announced a bonus 1 for 2 held on 27-Feb-2015; went ex today and is down 24% on a volume of 13,900 shares. NSE share price is also down 5% trading at 18.70. A lot of foreign investors were net buyers this week with most selling coming from locals. EABL continues to weaken opening up today at 302 on 200 shares. Plenty of offers are floating around at between 306/310 range from both locals ad foreigners. KCB AND EQBNK remains a fairly stable at sh 58 and 47.50 respectively.

Botswana

•  DCI +18bps, $2.1mil

Mauritius

•  Semdex -86bps, $1.8mil

Zimbabwe

•  Ind +45bps, $1.4mill

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

11.87

-2.58

Nigeria

NGN

199.00

-7.81

Kenya

KES

96.40

-6.02

Mauritius

MUR

35.07

-9.48

Botswana

BWP

9.72

-2.19

Tanzania

TZS

2015.00

-14.00

Uganda

UGX

2993.00

-7.42

Rwanda

RWF

696.74

-1.00

Ghana

GHS

3.88

-17.18

BRVM

XOF

580.96

-6.70

Egypt

EGP

7.63

-6.36

Morocco

MAD

9.62

-5.70

Tunisia

TND

1.91

-2.51

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