Movers & Shakers: January 19, 2017


Botswana: DCI +0.03%, USD 37k

Nothing to report.

Kenya: NSE 20 -0.30%, USD 6.1m

A rather average day in terms of activity in Nairobi with Safcom (+0.6%) once again completely dominating proceedings as 17.5m shares traded in the telco. It was a mixed bag in the two major banking stocks with KNCB closing -0.9% lower while EQBNK gained +1.0%. Foreigners conitnue to dominate activity and accounted for 89% of turnover.

Mauritius: Semdex +0.22%, USD 1.25m

Another rather solid day on the activity front in Port Louis thanks to some action in market heavyweights MCBG and NMH as 93k shares and 743k shares changed hands in the names respectively. ENL Land and Rogers announced that they acquired a stake in NMH whereby their joint shareholdings now stood at 30.019% - ENL Land (10.662%) and Rogers (19.357%).

Nigeria: ASI -0.17%, USD 8.5m

It was a better day in Lagos in terms of activity, but turnover remains well below historical norms. There was also a feeling of more activity in the market as there were a few crosses over the course of the day, instead of the usual one or two crosses that have been dominating proceedings of late. Most of the action was centered on Okomu ($2.8m) and NB ($1m). Banking stocks managed to close the day in positive territory with the sector gaining +0.39% on low volume. Consumers (-0.22%) closed the day lower with NB (-0.42%) being one of the major drags. Speaking at the World Economic Forum on Wednesday, Vice-President Yemi Osinbajo Osinbajo said the government is in talks with the CBN to fully implement the “free-float” foreign exchange policy, but it cannot put a time on the “logical conclusion” of the talks.

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

Zimbabwe: Industrials -0.62%, USD 159k

It was slow going in Harare today with nothing worth reporting.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

13.62

0.91

Nigeria

NGN

315.50

-0.05

Kenya

KES

103.90

-1.34

Mauritius

MUR

35.89

0.22

Botswana

BWP

10.59

0.85

Tanzania

TZS

2242.50

-2.74

Uganda

UGX

3601.04

-0.13

Rwanda

RWF

816.76

0.64

Ghana

GHS

4.33

-2.21

BRVM

XOF

618.00

1.93

Egypt

EGP

18.86

-3.78

Morocco

MAD

10.07

0.58

Tunisia

TNF

2.32

-0.16

contacts
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  • South Africa +27 (11) 243 9030
  • Nigeria +234 (1) 342 9185

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