Market Insight: May 19, 2015

Nigeria

•  ASI +99bps, $14.9mill
•  All tier 1 banking names closed in the green

Sentiment continues to underwhelm in Lagos and the situation is set to continue today as both local and foreign investors remain cautious and are happy to sit on the sidelines.

Kenya

•  NSE20 +98bps, $10.1mill
•  Diamond trust bank was the best performing counter due to block trades in the name

The Nairobi securities exchange has once again opened with most counters fairly stable. KCB is top mover with 1m shares traded at an improved price of shs 59, up 1.7% compared to yesterday closing price of sh 58. Demand on the name is building up at shs 59 at the moment. EABL has moved 77,000 shares at shs 305, same price the counter was trading yesterday. NMG is down 2.3% on 500 shares while Equity Bank is trading at 48.75, down 1.5% on 65,000. NSE share price has gained 4.9% this morning trading at shs 20.50 compared to yesterday's closing price of 19.55. The name continues to attract demand from both local and foreign investors. BAMBURI cement is also up 2.7% on 3,200 shares trading at shs 150.

Botswana

•  DCI -1bps, $13.1k

Mauritius

•  Semdex -3bps, $2.6mil

Zimbabwe

•  Ind +53bps, $403k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

11.87

-2.53

Nigeria

NGN

199.02

-7.83

Kenya

KES

96.35

-5.97

Mauritius

MUR

34.90

-9.03

Botswana

BWP

9.72

-2.14

Tanzania

TZS

2109.50

-17.85

Uganda

UGX

2995.00

-7.48

Rwanda

RWF

688.49

+0.19

Ghana

GHS

4.00

-19.66

BRVM

XOF

580.50

-6.61

Egypt

EGP

7.63

-6.54

Morocco

MAD

9.61

-6.29

Tunisia

TND

1.91

-2.71

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