A better day in Gaborone as value traded amounted to USD 606k thanks to Letshego (1.4m shares) while the rest of the market was relatively quiet.
Egypt continued with the downward correction following Sisi’s refusal to approve the budget and showing commitment to narrowing the deficit. With the metro station bombing this morning, the index found support near the 8000 level. The EGX30 was down 1.05% to close at 8,081.75 points trading weak volumes of USD 74m. Institutional investors, mainly foreigners, ended the day as net sellers worth EGP 33 million, targeting COMI (-1.12%), GTHE (-0.57%), and PHDC (-3.19%). HRHO gained 0.92% trading 1.4 million shares, half the three-month average turnover. So far, offered shares on the OPR screen remain weak accounting for 1.2 million shares. Retail-driven names managed to end the day in the green territory such as EGTS (+1.82%) and AIND (+0.54%).
Foreign participation improved slightly with their activity skewed to the sell side in Safcom and the buy side in Equity Bank. Safcom closed down 80bps at KES12.55 on the same day as media reports announced that the industry regulator has renewed the telco’s license. Equity Bank continues to be in demand and it gained another 1.1% to KES44.75 while KNCB closed unchanged at KES50.00. EABL gained 1.1% to KES280.
There was an increase in activity in Port Louis today as value traded amounted to USD 2.01m thanks to some action in SBM (15.99m shares) and MCBG (75k shares) while only 13k NMH traded. A cross of 488k MCFI also helped increase activity.
Another mammoth day in Lagos with local funds once again dominating the market. There was a huge Transcor cross (both sides local) with the name closing net offered at limit down of N5.23. Oando remains very actively traded, particularly by local participants, with the name taking a bath today (-9%, N30.38). The banks gained a solid 95bps today with Tier 1 names very strong while Tier 2 names struggled. The top gainers were ETI (+3.32%, N16.49) and FBNH (+2.46%, N15.80) with chunky action in ETI, FBNH, GTB and Zenith. Consumers lost 90bps with NB (-1.71%, N172) once again the main driver in terms of volumes and performance. The cements also saw a couple of chunky crosses with activity both in DangCem (+2.96%, N235) and Wapco (+1.22%, N112).
Please note that the index figure above is correct at the time of writing.
Extremely slow in Harare today as value traded amounted to USD 350k with DZL ($137k) the only name worth mentioning.
Country |
Notation |
Currency |
YTD % |
South Africa |
ZAR |
10.57 |
-0.81 |
Nigeria |
NGN |
162.72 |
-.1.49 |
Kenya |
KES |
87.60 |
-1.48 |
Mauritius |
MUR |
30.30 |
-0.83 |
Botswana |
BWP |
8.78 |
-0.35 |
Tanzania |
TZS |
1675.00 |
-5.07 |
Uganda |
UGX |
2605.00 |
-2.99 |
Rwanda |
RWF |
680.50 |
-0.66 |
Ghana |
GHS |
3.35 |
-29.10 |
BRVM |
XOF |
483.70 |
-0.73 |
Egypt |
EGP |
7.14 |
-2.82 |
Morocco |
MAD |
8.22 |
-0.43 |
Tunisia |
TND |
1.68 |
-2.10 |