Some local action in FNBB (278t) was the only real trading on a quiet day.
A very quiet start to the week in Nairobi. Foreign investors were net buyers. The most active stock was EABL (unch, KES240.00) which saw some decent action (foreign both sides) while the rest of the market was dull.
A rather sluggish start to the week with some small action in the likes of MCBG, CTL and LUX the most active counters on the day.
The morning broke with the news that the CBN was going to “float” the naira. On face value this is positive, however investors are somewhat skeptical and took a cautious initial stance as they wait to see how this gets implemented. Nevertheless, the ASI rose by 2.21% with Banks (+3.01%) really leading the way. All Tier 1 names closed in the green with activity in Zenith (+2.07%, N14.80) the main highlight. Consumers (-4bps) were quiet.
Please note that the index figure above is correct at the time of writing.
Some small activity in Econet ($300k) and OK Zim ($122k) tried to get the market going, but to no avail as the rest of the market was dead quiet yet again.
Country |
Notation |
Currency |
YTD % |
South Africa |
ZAR |
12.99 |
5.75 |
Nigeria |
NGN |
323.86 |
-2.63 |
Kenya |
KES |
103.30 |
-0.76 |
Mauritius |
MUR |
35.03 |
2.68 |
Botswana |
BWP |
10.31 |
3.63 |
Tanzania |
TZS |
2225.90 |
-2.03 |
Uganda |
UGX |
3617.04 |
-0.57 |
Rwanda |
RWF |
826.85 |
-0.59 |
Ghana |
GHS |
4.16 |
1.93 |
BRVM |
XOF |
605.90 |
3.97 |
Egypt |
EGP |
18.18 |
-0.19 |
Morocco |
MAD |
9.93 |
1.94 |
Tunisia |
TND |
2.48 |
-6.44 |