Market Insight: May 15, 2015

Nigeria

•  ASI +61bps, $20.3mill
•  A better day yesterday with banking stocks (+1.17%) performing well
•  Crosses in Zenith ($6m) and GTB ($5.1m) drove proceedings

We are hoping that the interest shown in select names yesterday will filter through to the broader market today, however, it is Friday and in the absence of crosses we might see a very slow day yet again. Demand in banking stocks should continue today.

Kenya

•  NSE20 -2bps, $13.9mill
•  Crosses in KNCB once again accounted for the lions share of activity yesterday

The market has opened fairly stable today KNCB the biggest mover so far trading USD 1.42M on a volume of 2.3m shares at Vwap 58.50. Safaricom opened at sh 16.20 down 0.9% on a volume of 1.1m shares. KNOC is up 0.3% on a volume of 2m shares. Alot of foreign investors are net sellers today with most selling in KNCB, SCOM & KNOC. EABL hasnt registered any trades yet with bids coming in as 301 and offers 310. Plenty of offers are floating around at between 305/310 range from both locals ad foreigners. KCB AND EQBNK remains fairly stable at sh 58.45 and 47.76 respectively.

Botswana

•  Closed yesterday

Mauritius

•  Semdex +44bps, $1.4mill

Zimbabwe

•  Ind -2bps, $4mill

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

11.78

-1.80

Nigeria

NGN

198.00

-7.35

Kenya

KES

96.15

-5.77

Mauritius

MUR

34.94

-9.13

Botswana

BWP

9.68

-1.76

Tanzania

TZS

2015.00

-14.00

Uganda

UGX

2993.00

-7.42

Rwanda

RWF

724.04

-4.73

Ghana

GHS

3.95

-18.64

BRVM

XOF

580.96

-6.70

Egypt

EGP

7.63

-6.20

Morocco

MAD

9.62

-5.54

Tunisia

TND

1.91

-2.67

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