Movers & Shakers: April 13, 2016


Botswana: DCI -0.83%, USD 304k

The only action today was in Choppies (410t).

Kenya: NSE 20 +0.11%, USD 3.2m

A dull end to a quiet week in Nairobi. There were only 2 crosses, both in the 2 major banking groups, that lit up the screens. KNCB and Equity Bank both closed unchanged at KES 41.75 and KES 40.25 respectively. The rest of the market was extremely pedantic.

Mauritius: Semdex +0.76%, USD 1.06m

Some chunky crossing in the normally highly illiquid United Investments (-3.8%, Rs10.00) was the highlight of a really dull day.

Nigeria: ASI +2.23m, USD 17.8m

Local buying drove the ASI higher today on the back of speculation that the fuel subsidy removal will lead to a FX revaluation. Most of the Tier 1 Banks spent the day net bid as the sector gained 3.80%. Volumes were impressive across the board particularly in names like GTB (+1.3%, N18.73), FBNH (+6.94%, N3.70) and Zenith Bank (+5.0%, N14.70). Consumers gained a more modest 1.01% with NB (-2.52%, N117.95) seeing the bulk of the trades.

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

Zimbabwe: Industrials +0.73%, USD 851k

A better day in Harare than what we have become accustomed to thanks to a cross in Delta ($830k) while the rest of the market was very dull.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

15.20

1.75

Nigeria

NGN

199.05

0.13

Kenya

KES

100.73

1.56

Mauritius

MUR

35.13

2.05

Botswana

BWP

11.00

2.02

Tanzania

TZS

2190.00

-1.86

Uganda

UGX

3325.00

1.41

Rwanda

RWF

775.99

-3.99

Ghana

GHS

3.82

-0.39

BRVM

XOF

588.99

4.99

Egypt

EGP

8.88

-11.86

Morocco

MAD

9.68

2.62

Tunisia

TNF

2.05

-0.54

contacts
  • Kenya +254 (714) 646 406
  • South Africa +27 (11) 243 9030
  • Nigeria +234 (1) 342 9185

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