Movers & Shakers: March 08, 2017


Botswana: DCI +0.03% USD 886k

Things slowed down in Gaborone today with a cross in Letshego the only name worth mentioning as 4m shares changed hands.

Kenya: NSE 20 -0.53%, USD 3.5m

Much of the same in Nairobi on the activity front as investors remain on the sidelines with the usual suspect Safcom ($2.2m) dominating proceedings as the telco continues to come under pressure, closing the day -2.7% lower. The two major banking stocks closed the day firmly higher with KNCB gaining +3.8% and EQBNK closing +2.0% higher, albeit on tiny volume.

Mauritius: Semdex -0.10%, USD 1.3m

Some action today in Mauritius thanks to the banks with both MCBG (Rs226.50) and SBMH (Rs7.02) closing unchanged.

Nigeria: ASI -0.54%, USD 12.3m

Activity continued to improve in Lagos thanks to crosses in Guinness ($2m), NB ($1.7m), Stanbic ($1.6m), Seplat ($1.6m) and Zenith ($1.1m). It was pleasing to see that activity was spread across a few stocks in todays session, as apposed to the usual one or two names. Banking stocks closed the day slightly lower with the sector falling -0.12% with Stanbic (-1.28%) and Zenith (-0.68%) being the major drags. Consumers (+3.01%) had a solid day thanks to great performances in NB (+4.99%) and Guinness (+3.94%).

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

Zimbabwe: Industrials +0.49%, USD 513k

The ZSE bounced a bit higher today although volumes remain subdued. Most of the outperformance was thanks to Econet which rose to 15c albeit on tiny volumes.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

13.10

4.92

Nigeria

NGN

316.00

-0.21

Kenya

KES

102.56

-0.05

Mauritius

MUR

35.50

1.33

Botswana

BWP

10.42

2.35

Tanzania

TZS

2235.00

-2.42

Uganda

UGX

3594.88

0.05

Rwanda

RWF

825.00

-0.36

Ghana

GHS

4.63

-8.43

BRVM

XOF

626.00

0.63

Egypt

EGP

17.85

1.66

Morocco

MAD

10.11

0.15

Tunisia

TNF

2.31

0.52

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

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