It was a great day in Gaborone thanks to a cross in FNBB (10.72m shares) which accounted for 77% of turnover as total value traded amounted to USD 5.59m. There was also some action in Sechaba and BIHL.
Egypt rallied 1.04% to close on strength above the 9000 level on the back of high volumes. OTMT rallied 3.17% leading the market in terms of volumes, trading 144 million shares approximately 2x the 3-month average volume. HRHO (+5.28%) continued to surge on strong institutional appetite following winning Etisalat Misr’s IPO yesterday. ORWE plunged 3.61% following announcements by the Ministry of Trade and Industry to slash export rebate rates by 50%-75%. Profit-taking was evident in COMI (-0.97%) after reaching a new 52-week high. Foreigners were net buyers accounting for approximately 8.3% of market participation.
It was a much better day in Nairobi as value traded amounted to $10.4m on the back of an increase in foreign activity (58%). Safcom (+0.80%) was the day's most active counter as 22.65m shares changed hands in the telco thanks to a large foreign cross. KNCB continued to rally after strong results with the name gaining an impressive +4.5% thanks to foreign demand. EABL (+2.3%) also continued to make steady ground ahead of results due on Friday.
Mauritian activity remains fairly robust (relatively speaking) with the Sem-7 gaining 7bps while the Semdex closed marginally in the red. The Sem-7 was led higher by gains in MCBG (+12bps, Rs215.25) and Ciel (+29bps, Rs7.00).
Things slowed down in Lagos today as value traded amounted to $22.72m. The likes of Access ($3.36m), NB ($3.32m), Zenith ($1.92m), GTB ($1.61m) and WAPCO ($1.53m) were the biggest contributors towards turnover. Banks had a fairly solid day with the Index gaining +0.51% with strong moves in UBA (+2.14%), FBNH (+1.22%) and GTB (1.03%). Consumers (+1.66%) were very strong thanks to the likes of Guinness (+5.00%), NB (+2.76%) and PZ Cussons (+1.55%). WAPCO (+2.46%) also managed to close on the front foot.
Please note that the index figure above is correct at the time of writing.
Activity still remains quiet in Harare although Econet saw some mild action today (cross at 71c), outside of this there was just a smattering of trades in names like Delta (127.02c – demand strong for the name) and DZL (12.70c).
Country |
Notation |
Currency |
YTD % |
South Africa |
ZAR |
10.74 |
-2.31 |
Nigeria |
NGN |
160.90 |
-0.37 |
Kenya |
KES |
87.90 |
-1.82 |
Mauritius |
MUR |
30.54 |
-1.60 |
Botswana |
BWP |
8.87 |
-1.49 |
Tanzania |
TZS |
1660.50 |
-4.25 |
Uganda |
UGX |
2620.00 |
-3.55 |
Rwanda |
RWF |
688.78 |
-1.86 |
Ghana |
GHS |
3.71 |
-35.98 |
BRVM |
XOF |
493.78 |
-2.76 |
Egypt |
EGP |
7.15 |
-2.86 |
Morocco |
MAD |
8.36 |
-2.25 |
Tunisia |
TND |
1.71 |
-4.08 |