It was a rather active day on the face of it, but this should however be taken with a pinch of salt as Safcom accounted for 80% of total value traded with 41.4m shares changing hands in the telco as foreigners dominated both sides of the name. Elsewhere, the two major banking stocks ended in negative territory on very average volume with EQBNK closing -1.3% lower while KNCB closed -0.8 in the red. Another quiet day in EABL as 53k shares changed hands.
MCBG (unch) and SBMH (-1.4%) were once again the dominant forces in the market as 78k shares and 22.4m shares changed hands in the names respectively.
GTB ($3.6m) was the name leading from the front once again with the rest of the market ending the week on an extremely dull note from an activity point of view. Banking stocks managed to close the week on the front foot with the sector gaining +2.25% thanks to a good performance in Access (+4.87%) after releasing H1 2016 numbers while Zenith (+3.27%) and GTB (+2.23%) also closed on a strong note. Consumer stocks (+1.62%) also closed higher, but the sector continues to struggle from an activity point of view.
Please note that the index figure above is correct at the time of writing.
Some tiny activity in Delta ($81k) the only name worth mentioning on a very quiet day in Harare.
Country |
Notation |
Currency |
YTD % |
South Africa |
ZAR |
13.50 |
14.61 |
Nigeria |
NGN |
331.25 |
-39.83 |
Kenya |
KES |
101.37 |
0.92 |
Mauritius |
MUR |
35.10 |
2.14 |
Botswana |
BWP |
10.38 |
8.08 |
Tanzania |
TZS |
2186.00 |
-1.68 |
Uganda |
UGX |
3369.00 |
0.09 |
Rwanda |
RWF |
805.00 |
-7.45 |
Ghana |
GHS |
3.96 |
-3.79 |
BRVM |
XOF |
587.30 |
5.31 |
Egypt |
EGP |
8.88 |
-11.89 |
Morocco |
MAD |
9.67 |
2.66 |
Tunisia |
TNF |
2.19 |
-6.80 |