Another slow day in Gaborone with some small activity in Choppies and Letshego the only names worth mentioning.
It is starting to look much like groundhog day in Nairobi with Safcom ($6.5m) yet again completely dominating proceedings with the telco closing -2.1% lower on foreign selling. There was also some decent action in KNCB ($1.1m) with the banking giant falling -0.7%. Elsewhere, the market was dead quiet.
As always the market was dominated by MCBG. The banking behemoth rose by 70bps to Rs251.75 while the rest of the market remains subdued.
Activity continues to tick over nicely in Lagos as the new FX regulation seem to be doing the trick, for now. There was some decent action in Zenith ($4m), NB ($2.8m), GTB ($3.6m), Access ($2.4m) and FBNH ($2.3m). Banking stocks had a solid day with the sector gaining +2.92% thanks to FBNH (+5.07%), Zenith (+4.99%) and GTB (+4.98%). Consumers (+1.03%) also closed higher with NB (+1.85%) driving the sector higher.
Please note that the index figure above is correct at the time of writing.
Once again the aggressive local buying pushes the markets to ever higher levels as the rally continues without an end in sight. Econet (35c) bounced back on decent volumes.
Country |
Notation |
Currency |
YTD % |
South Africa |
ZAR |
12.63 |
8.83 |
Nigeria |
NGN |
306.00 |
3.05 |
Kenya |
KES |
103.45 |
-0.91 |
Mauritius |
MUR |
34.80 |
3.36 |
Botswana |
BWP |
10.10 |
5.66 |
Tanzania |
TZS |
2238.00 |
-2.55 |
Uganda |
UGX |
3587.50 |
0.25 |
Rwanda |
RWF |
829.06 |
-0.85 |
Ghana |
GHS |
4.39 |
-3.50 |
BRVM |
XOF |
586.14 |
7.47 |
Egypt |
EGP |
18.14 |
0.02 |
Morocco |
MAD |
9.72 |
4.16 |
Tunisia |
TND |
2.46 |
-6.30 |