Movers & Shakers: March 22, 2016


Botswana: DCI +0.02%, USD 50k

Some tiny local activity in BIHL (1600t) was about the only stock that traded today.

Kenya: NSE 20 +0.48%, USD 7.7m

Once again it was the usual suspects (large caps) that drove market activity with foreign participants turning net buyers for a change. Safcom continues its mantle as the most active stock with some really strong foreign demand pushing the stock up 1.8% to KES16.75 and the name ended the day well bid. The banks were also pretty solid with KNCB closing unchanged at KES41.25 while Equity Bank climbed by 1.9% to KES40.50.

Mauritius: Semdex -0.15%, USD 680k

Another lethargic day in Port Louis with only some mild action in MCBG (-40bps, Rs206.00) going through.

Nigeria: +0.45%, USD 12.3m

The ASI is trying to show some signs of life but action remains few and far between and is still isolated in just a couple of names. Today we saw a number of chunky crosses in GTB (-49bps, N16.30) with the bank accounting for about half of the total volume traded today. There was also some decent action in Zenith (-2.20%, N12.90) while the rest of the sector was dead. The consumers gained an impressive 3.03% thanks to NB which closed up 5% at N109.20 while Nestle also climbed by 3.24% to N702.00. In economic news the Central Bank announced the MPC decision after the market closed. The MPR was raised from 11% to 12% while the CRR was increased to 22.5% (up from 20%).

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

Zimbabwe: Industrials -0.04%, USD 439k

Another quiet day on the ZSE. The only real trading was some muted action in Delta (55.98c).

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

15.35

0.77

Nigeria

NGN

199.05

0.13

Kenya

KES

101.53

0.74

Mauritius

MUR

35.27

1.64

Botswana

BWP

11.10

1.23

Tanzania

TZS

2187.00

-1.72

Uganda

UGX

3355.00

0.51

Rwanda

RWF

746.16

-0.16

Ghana

GHS

3.85

-1.17

BRVM

XOF

593.11

4.29

Egypt

EGP

8.87

-11.80

Morocco

MAD

9.71

2.35

Tunisia

TNF

2.02

1.30

contacts
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