Nothing to report from Gaborone.
Safcom was the main highlight today in Nairobi with a foreign-foreign cross going through in the name. The telco closed marginally up at KES 18.50. We also saw a couple of crosses in the likes of Co-Op Bank (unch, KES12.50), EABL (unch, KES225.00) and EqBnk (-90bps, KES27.00).
Nothing overly exciting to end the week in Port Louis. About half the volume took place in the normally rather illiquid Lux Island Resorts (unch, Rs59.00). Tourist arrivals for January 2017 rose +5.0% to 124,362 compared to 118,426 in January 2016.
A much more active day today in Nigeria with local investors still the dominant player in the market. This shows just how far we have fallen when $8m trading is considered reasonable. Banks rebounded slightly with the sector gaining 1.49% mostly thanks to Access Bank which closed at limit up and on net bid at N6.94. This was on the back of the news that the bank has divested from their 17.65% stake in the Stanbic PFA. Consumers dropped by 1.37% although the sector was incredibly quiet. The major action today took place in Seplat (+1.35%, N375.00) as over $2.5m crossed in the name. There were also large crosses in the likes of Mobil and Presco.
Please note that the index figure above is correct at the time of writing.
Sentiment was once again weak in Zimbabwe. The main activity went through in Econet as we saw the telco close at 20c.
Country |
Notation |
Currency |
YTD % |
South Africa |
ZAR |
13.41 |
2.47 |
Nigeria |
NGN |
315.25 |
0.03 |
Kenya |
KES |
103.63 |
-1.08 |
Mauritius |
MUR |
35.53 |
1.24 |
Botswana |
BWP |
10.53 |
1.60 |
Tanzania |
TZS |
2225.00 |
-1.98 |
Uganda |
UGX |
3582.65 |
0.39 |
Rwanda |
RWF |
818.46 |
0.43 |
Ghana |
GHS |
4.46 |
-5.04 |
BRVM |
XOF |
621.56 |
1.35 |
Egypt |
EGP |
17.74 |
2.27 |
Morocco |
MAD |
10.07 |
0.59 |
Tunisia |
TNF |
2.29 |
1.25 |