Movers & Shakers: March 11, 2016


Botswana: DCI -0.07%, USD 3.3m

There was a nice Letshego trade today at 250t in an otherwise quiet market.

Kenya: NSE 20 +0.23%, USD 5.8m

Not the worst day to end the week in Nairobi with foreigners still the dominant force behind activity. Some foreign action in EABL drove proceedings as the brewer closed the day unchanged on 662k shares. Safcom managed to close +0.3% higher on foreign demand as 10m shares traded in the telco. Foreign selling drove EQBNK -0.6% lower as 3.2m shares traded while Co-op Bank managed to close +2.6% higher on local demand.

Mauritius: Semdex -0.22%, USD 1.9m

The index continued to slip slightly on some decent volumes. The bulk of the action went through in MCBG (-50bps, Rs211) while the rest of the market was rather dull. Monthly tourist arrivals for February increased +10.4%.

Nigeria: ASI +0.25%, USD 6.4m

Some action in the usually illiquid Mobile ($1.2m) was the only name worth mentioning on an otherwise extremely dull day yet again in Lagos. Banking stocks closed the day lower with the sector falling -0.25% with some pressure on Zenith (-0.40%) and GTB (-0.31%). Consumers (+1.31%) managed to close in positive territory thanks mostly to NB (+3.63%).

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

Zimbabwe: Industrials +0.75%, USD 2.6m

Finally some life returned to the Zimbabwean bourse with some foreign demand also pushing the index higher. The main crossing was in Econet as the telco rose to 25c. There was also some decent action in Dairibord (6.9c) and Innscor (18c).

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

15.27

1.31

Nigeria

NGN

199.05

0.13

Kenya

KES

101.40

0.87

Mauritius

MUR

35.63

0.62

Botswana

BWP

11.09

1.23

Tanzania

TZS

2185.40

-1.65

Uganda

UGX

3345.00

0.81

Rwanda

RWF

780.50

-4.55

Ghana

GHS

3.85

-1.17

BRVM

XOF

600.00

3.09

Egypt

EGP

7.83

-0.09

Morocco

MAD

9.77

1.78

Tunisia

TNF

2.02

1.01

contacts
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  • Nigeria +234 (1) 342 9185

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