Movers & Shakers: November 24, 2015


Botswana: DCI +0.05%, USD 858k

Some action in FNBB (1m shares) and BIHL (193k shares) drove proceedings today while the rest of the market was rather quiet.

Kenya: NSE 20 -0.01%, USD 9.1m

Crosses again dominated the landscape in Kenya. The major crosses took place in some late action in EABL (local buying, foreign selling) as the brewer closed unchanged at KES275.00. There was also decent activity in Safcom (-3%, KES16.25) and BATK (-1.8%, KES785). Bamburi also witnessed 1 cross (local buyer, foreign seller) as the cement company closed unchanged at KES175.00 while the rest of the market was rather quiet.

Mauritius: Semdex +0.06%, USD 680k

Another sub-par day in Port Louis as turnover amounted to $680k with a small bit of action in MCBG (29k shares) and Rogers (305k shares).

Nigeria: ASI -0.89%, USD 15.3m

Some early crosses and some late crosses helped volumes improve on another generally dull day while sentiment remains generally poor. Banks fell by 27bps with the bulk of the action taking place in GTB (-24bps, N21.00) and Zenith (-19bps, N15.98). The consumers were broadly unchanged with Nestle (+12bps, N808.00) and NB (+63bps, N115.72) seeing the majority of the trades. In economic news the MPC cut the benchmark interest rate from 13% to 11% while the Cash Reserve Requirement was reduced from 25% to 20% which in theory should be positive for the banks.

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

Zimbabwe: Industrials -0.73%, USD 145k

Another rather dull day in Harare while the market continues to come under some serious selling pressure.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

13.99

-17.29

Nigeria

NGN

198.05

-7.37

Kenya

KES

102.15

-11.31

Mauritius

MUR

36.05

-11.93

Botswana

BWP

10.73

-11.27

Tanzania

TZS

2,156.00

-19.62

Uganda

UGX

3,372.50

-17.84

Rwanda

RWF

759.00

-9.12

Ghana

GHS

3.83

-15.99

BRVM

XOF

624.95

-13.13

Egypt

EGP

7.82

-8.62

Morocco

MAD

10.01

-9.37

Tunisia

TND

2.04

-9.09

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

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