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Movers & Shakers: September 15, 2016
Botswana: DCI unch, USD 38k
Nothing to report from Botswana.
Kenya: NSE 20 +0.56%, USD 3.9m
Activity continued to slide in Nairobi today with the two major banking stocks EQBNK (unch) and KNCB (-3.6%) dominating what little activity there was as 3.9m shares and 3.6m shares changed hands in the names respectively. Equity Bank held a briefing early in the day where management noted a change in strategy following the new banking act. Going forward, the bank will primarily focus on increasing loan volumes (targeting increased affordability due to lower rates) as well as improve efficiency of the bank to support profitability. According to management, the new rate will be applied across all its credit facilities, including mobile lending and credit cards.
Mauritius: Semdex -0.12%, USD 1.9m
Some nice activity in the 2 major banks today. Both banks closed unchanged with MCBG at Rs207.75 and SBMH at Rs0.67.
Nigeria: ASI +0.30%, USD 5.0m
The lack of interest in the Nigerian market continues with a cross in Total ($1m) the only name to break the $1m mark. Banks closed the day in negative territory as the sector fell -0.84% with some pressure on GTB (-1.85%) and Zenith (-0.41%). Consumers (+0.43%) closed the day higher, with NB ($889k) the only name with any form of activity in the sector.
Please note that the index figure above is correct at the time of writing.
Zimbabwe: Industrials -1.35%, USD 26k
Nothing to report from another woeful day in Zimbabwe.
African Currencies
|
Country |
Notation |
Currency |
YTD % |
|
South Africa |
ZAR |
14.17 |
8.99 |
|
Nigeria |
NGN |
315.50 |
-36.83 |
|
Kenya |
KES |
101.32 |
0.97 |
|
Mauritius |
MUR |
35.33 |
1.47 |
|
Botswana |
BWP |
10.67 |
5.28 |
|
Tanzania |
TZS |
2181.00 |
-1.45 |
|
Uganda |
UGX |
3385.00 |
-0.38 |
|
Rwanda |
RWF |
804.75 |
-7.43 |
|
Ghana |
GHS |
3.96 |
-4.25 |
|
BRVM |
XOF |
592.75 |
4.34 |
|
Egypt |
EGP |
8.88 |
-11.84 |
|
Morocco |
MAD |
9.72 |
2.15 |
|
Tunisia |
TNF |
2.20 |
-7.31 |
- Kenya +254 (714) 646 406
- South Africa +27 (11) 243 9030
- Nigeria +234 (1) 342 9185
