Market Insight: May 22, 2015

Nigeria

•  ASI -21bps, $6.8mill
•  An absolute shocker of a day as most names registered paltry trades

An absolutely dire day yesterday from an activity point of view, with much of the same expected today unfortunately.

Kenya

•  NSE20 -35bps, $12.4mill
•  Turnover was mainly buoyed by Safaricom and KCB with the names accounting for 47.3% of activity

While still looking weak, the market started on high volumes with NMG being the largest mover. NMG declined 3.3% on 326,200 shares. Barclays Bank was flat after announcing 1Q15 numbers- generally within expectations. CFC Stanbic Bank declined 1.6% on 1Q15 numbers which were disappointing. Apart from NMG and Co-op bank, foreign investors are net sellers albeit on thin volumes.

Botswana

•  DCI +10bps, $1.6mil

Mauritius

•  Semdex -17bps, $500k

Zimbabwe

•  Ind -22bps, $119k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

11.82

-2.15

Nigeria

NGN

197.50

-7.11

Kenya

KES

97.10

-6.69

Mauritius

MUR

35.20

-9.80

Botswana

BWP

9.73

-2.43

Tanzania

TZS

2025.00

-14.42

Uganda

UGX

2995.00

-7.48

Rwanda

RWF

686.62

+0.46

Ghana

GHS

4.03

-20.16

BRVM

XOF

592.23

-8.46

Egypt

EGP

7.62

-6.22

Morocco

MAD

9.73

-6.80

Tunisia

TND

1.94

-4.12

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