Movers & Shakers: February 24, 2017

Botswana: DCI +0.07%, USD 72k

Nothing to report from Gaborone.

Kenya: NSE 20 +0.46%, USD 9.3m

A very impressive day to end the week in Nairobi on the activity front, but this should however be taken with a pinch of salt as Safcom (unch) accounted for 59% of total turnover. There was also some decent action in KNCB ($1.6m) as foreign buyers dominated purchases in the name. Unfortunately it was slow going in market heavyweights EABL and EQBNK.

Mauritius: Closed for the day.

Nigeria: ASI -0.62%, USD 7.6m

A slightly better day in terms of activity in Lagos thanks to some action in Guinness ($1.8m), Zenith ($1.3m) and Nestle ($1m). Banking stocks closed the final session of the week lower with the sector falling -1.05% thanks to losses in GTB (-2.43%) and Zenith (-0.47%). Consumers (-1.86%) also took some strain with losses in NB (-2.98%) and Nestle (-1.04%). We are hearing that the Naira has made some gains in the parallel market and is trading between N480-N500 to the USD.

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

Zimbabwe: Industrials -0.31%, USD 820k

Some activity in CBZ ($452k), Econet ($140k) and Delta ($119k) helped spur proceedings on a better day on the activity front in Harare.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

12.97

6.03

Nigeria

NGN

314.75

0.18

Kenya

KES

103.40

-0.86

Mauritius

MUR

35.50

1.32

Botswana

BWP

10.31

3.31

Tanzania

TZS

2235.00

-2.42

Uganda

UGX

3585.13

0.32

Rwanda

RWF

819.65

0.29

Ghana

GHS

4.63

-8.53

BRVM

XOF

621.92

1.29

Egypt

EGP

15.86

14.37

Morocco

MAD

10.07

0.51

Tunisia

TNF

2.29

1.17
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