A rather upbeat day in the market as turnover amounted to a respectable $8.1m. BAT, Equity Bank and KCB accounted for 58.7% of market activity as the counters closed up 1.7%, 1.1% and 1.8% respectively. Foreigners were mainly buying KCB, Equity, Diamond Bank and Safaricom whilst their selling interests were skewed towards BAT.
Turnover was mainly geared towards SBM as the counter accounted for 53.4%. The name traded a mammoth 29.2m shares to closed unmoved at Rs0.93. MCB traded a total of 29.8k shares to close up 0.6% at Rs20.25. Hotelier NMH shed 0.4% to close at Rs61.50 after trading 21.5%
After a day of improved activity yesterday the market reverted back into silence as turnover remains below average. The banking index closed soft on the back of losses in the likes of GTB (-1.28%, N28.60), UBA (-0.37%, N5.33), Zenith (-1.67%, N20.56) and Access (-0.48%, 6.17) – the index lost 0.33%. A convincing performance in consumer heavy NB (+2.04%, N150) pushed the consumer index into positive territory- index closed up 0.96%. Significant contributors included ETI ($2.3m), GTB ($2.7m), Zenith Bank ($2.2m) and NB ($4.3m).
Please note that the index figure above is correct at the time of writing.
Trades in Delta and Econet dominated proceedings as the counters traded 509k and 1.1m shares respectively. More buyers were seen in the market today with active stocks rising to 21 from 5 yesterday.
Country |
Notation |
Currency |
YTD % |
South Africa |
ZAR |
12.21 |
-5.25 |
Nigeria |
NGN |
199.05 |
-7.84 |
Kenya |
KES |
97.00 |
-6.60 |
Mauritius |
MUR |
35.45 |
-10.44 |
Botswana |
BWP |
9.96 |
-4.33 |
Tanzania |
TZS |
2140.00 |
-19.02 |
Uganda |
UGX |
3073.00 |
-9.83 |
Rwanda |
RWF |
692.49 |
-0.39 |
Ghana |
GHS |
4.08 |
-21.32 |
BRVM |
XOF |
591.68 |
-9.99 |
Egypt |
EGP |
7.62 |
-6.21 |
Morocco |
MAD |
9.84 |
-7.80 |
Tunisia |
TND |
1.96 |
-5.26 |