Market Insight: May 20, 2015

Nigeria

•  ASI -21bps, $20.9mill
•  Top value trades included GTB ($3.3m), UBA ($1.3m) and Zenith Bank ($3.1m), Intbrew ($1.2m) and NB ($1.7m)

With the MPC keeping rates unchanged at 13% yesterday we are hoping that some positive sentiment will spill over into banking stocks. There is however still a lack of conviction from investors and another quite day is forecast (in the absence of any large blocks).

Kenya

•  NSE20 +19bps, $6.6mill
•  The market continued its slow run as Safaricom and EABL accounted for the bulk of activity (54.5%)

Market started slow today with most trades being recorded on kenol , kcb and Safaricom. KNOC and safcom remains stable at shs 8.90, and 16.60 respectively while kcb is up 4.2% on a volume of 1.2m shares. The three counters have attracted notable foreign investor buying today. Down 4.4%, BRIT has moved 267,000 shares so far today while Equity Bank is still stable at yesterday’s trading levels of kshs 48.

Botswana

•  DCI +4bps, $251k

Mauritius

•  Semdex -30bps, $1.2mil

Zimbabwe

•  Ind +16bps, $611k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

11.91

-2.87

Nigeria

NGN

199.13

-7.87

Kenya

KES

96.60

-6.21

Mauritius

MUR

35.15

-9.68

Botswana

BWP

9.79

-2.71

Tanzania

TZS

2030.00

-14.63

Uganda

UGX

2990.00

-7.32

Rwanda

RWF

686.61

+0.47

Ghana

GHS

3.98

-19.26

BRVM

XOF

591.12

-8.29

Egypt

EGP

7.63

-6.29

Morocco

MAD

9.73

-6.87

Tunisia

TND

1.94

-3.99

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