Nothing to report from Gaborone.
Euphoric sentiment continued in the market after Abdel Fatah El-Sisi was inaugurated as president of Egypt in a ceremony attended by African, Arab, and international leaders and representatives. The EGX30 gained 1.12% to close at 8593 points on decent volumes of USD 148m. HRHO came on top today, gaining 5.52% to a high of EGP15.35. Foreign and Gulf institutions showed interest in COMI, up 0.63%, and ETEL, gaining 3.04%, on two-thirds of the three-month average volume. Retail-driven names traded against market sentiment with OTMT down 1.50%, AMER 0.68%, and PHDC 1.78%, along with institutional names such as GTHE, down 2.12%, and ESRS, down 2.10%.
Despite strong foreign buying the NSE 20 still softened by 25bps. The most active stock today was EABL which closed up 70bps at KES 283 on strong foreign trading on both sides. EABL trading accounted for almost 40% of the total turnover. Safcom was also active as the Telco gained 40bps to KES 12.85. The banks both saw strong foreign buying and almost entirely local selling. KNCB closed up 50bps at KES 49.50 while Equity Bank rose by 60bps to KES 42.00.
A very quiet start to the week in Port Louis with minimal action taking place. In the Sem-7 we saw gains for Alteo (+87bps, Rs34.80) and Terra (+27bps, Rs36.60) while the only stock to fall was NMH which shed 59bps to Rs84.00.
It was a rather average start to the week as value traded amounted to $22.3m. The most active names came in the form of GTB ($4.34m), UBA ($2.40m), NB ($2.10m) and Zenith ($1.74m). Banking stocks were on the charge today with the Index gaining an impressive +1.95% thanks to GTB (+5.00%), UBA (+2.65%) and ETI (+1.83%). Consumers (-0.19%) closed the day lower with NB (-0.90%) dragging the sector lower. Cements came under pressure with Ashake (-4.50%) and WAPCO (-3.81%) weighing on the sector.
Please note that the index figure above is correct at the time of writing.
A large cross in OK Zim ($925k) helped boost activity todaty as total value traded amounted to USD 1.18m while only smalls traded in Econet and Delta. The market closed the day lower with the Industrial Index falling -0.38%.
Country |
Notation |
Currency |
YTD % |
South Africa |
ZAR |
10.62 |
-1.26 |
Nigeria |
NGN |
163.29 |
-1.83 |
Kenya |
KES |
87.56 |
-1.43 |
Mauritius |
MUR |
30.25 |
-0.66 |
Botswana |
BWP |
8.82 |
-.74 |
Tanzania |
TZS |
1686.00 |
-5.69 |
Uganda |
UGX |
2558.00 |
-1.21 |
Rwanda |
RWF |
690.02 |
-2.03 |
Ghana |
GHS |
3.09 |
-23.14 |
BRVM |
XOF |
482.87 |
-0.56 |
Egypt |
EGP |
7.15 |
-2.87 |
Morocco |
MAD |
8.25 |
-0.86 |
Tunisia |
TND |
1.63 |
+0.30 |