Movers & Shakers: May 16, 2016

Botswana: DCI -0.14%, USD 867k

Some activity in FNBB (2.7m shares) got the week off to a decent start in Gaborone while the rest of the market was rather quiet.

Kenya: NSE 20 -0.52%, USD 2.5m

A painfully dull session today as foreign participants remain on the sidelines. The main action went through in Safcom (+30bps, KES17.35), Carbacid (+1%, KES15.00) and EqBnk (-60bps, KES40.00). The rest of the market was effectively shut with some technical issues on the NSE not helping matters.

Mauritius: Semdex +0.50%, USD 470k

A dull start to the week in Port Louis. The most active stock was in fact PBL which gained 5.7% to Rs355 on aggressive foreign buying. MCBG also rose to Rs212.00 (+1%).

Nigeria: ASI +1.45%, USD 10.5m

Another positive day in Lagos although foreign investors still largely absent from the market. Banks rose by 1.85% with decent action seen in GTB (+2.51%, N19.20), Zenith (+2.24%, N15.03) and Access (+7.87%, N5.21). Consumers closed 1.69% in the green although volumes were quiet in the sector. In other news, there are proposed amendments to the pricing methodology on the NSE. As it currently stands there are 2 Groups: Group A whereby for stocks valued above N100 the minimum quantity of shares to change a price is 10k shares, and Group B for stocks under N100 whereby 50k shares are needed to change the price. The proposal is to introduce a Group C for equities between 1 kobo and N5. This group would need a minimum of 100k shares to print to change a price. There will also be an introduction of a tick size – Group A (10 kobo), Group B (5 kobo) and Group C (1 kobo).

Please note that the index figure above is correct at the time of writing.

Zimbabwe: Industrials -0.61%, USD 116k

Some tiny action in First Mutual Holdings ($86k) the onlly name worth mentioning on a dire day in Harare.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

15.61

-0.94

Nigeria

NGN

199.12

0.09

Kenya

KES

100.70

1.59

Mauritius

MUR

35.05

2.28

Botswana

BWP

11.17

0.56

Tanzania

TZS

2190.00

-1.86

Uganda

UGX

3325.00

1.41

Rwanda

RWF

776.28

-4.03

Ghana

GHS

3.82

-0.39

BRVM

XOF

587.51

5.29

Egypt

EGP

8.83

-11.36

Morocco

MAD

9.65

2.91

Tunisia

TNF

2.06

-0.84
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