Some action in Choppies (380t) and FNBB (305t) were the main focal points in Gaborone.
As expected the market opened on the back foot after the previous night’s bank rate cap announcement. Both EqBnk (KES32.75) and KNCB (KES30.00) went net offered on the open in massive size and with virtually no buyers in sight these names ended that way. Unfortunately the contagion effect took place and we saw some weakness across a number of other names as well. Safcom got a hiding down 5.9% to KES20.00 while almost all other names ended the session in the red.
Some crossing in Greenbay Properties was the main focus today. In normal trading the only action took place in MCBG (-10bps, Rs207.75).
Woeful. This word is getting used a lot regarding Nigeria recently but it is the most apt adjective for the current woeful state of affairs. The ASI just slid on tiny volumes with both banks (-70bps) and consumers (-42bps) closing lower. There wasn’t even any decent crossing action to note.
Please note that the index figure above is correct at the time of writing.
Another pathetic day in Zimbabwe with absolutely nothing worthwhile to report on.
Country |
Notation |
Currency |
YTD % |
South Africa |
ZAR |
14.20 |
8.89 |
Nigeria |
NGN |
338.75 |
-41.17 |
Kenya |
KES |
101.30 |
0.99 |
Mauritius |
MUR |
35.03 |
2.34 |
Botswana |
BWP |
10.62 |
-5.37 |
Tanzania |
TZS |
2186.00 |
-1.68 |
Uganda |
UGX |
3375.00 |
0.09 |
Rwanda |
RWF |
800.08 |
-6.89 |
Ghana |
GHS |
3.96 |
-3.79 |
BRVM |
XOF |
586.95 |
5.38 |
Egypt |
EGP |
8.88 |
-11.86 |
Morocco |
MAD |
9.68 |
2.55 |
Tunisia |
TNF |
2.19 |
-7.00 |