There was a nice Letshego trade today at 250t in an otherwise quiet market.
Not the worst day to end the week in Nairobi with foreigners still the dominant force behind activity. Some foreign action in EABL drove proceedings as the brewer closed the day unchanged on 662k shares. Safcom managed to close +0.3% higher on foreign demand as 10m shares traded in the telco. Foreign selling drove EQBNK -0.6% lower as 3.2m shares traded while Co-op Bank managed to close +2.6% higher on local demand.
The index continued to slip slightly on some decent volumes. The bulk of the action went through in MCBG (-50bps, Rs211) while the rest of the market was rather dull. Monthly tourist arrivals for February increased +10.4%.
Some action in the usually illiquid Mobile ($1.2m) was the only name worth mentioning on an otherwise extremely dull day yet again in Lagos. Banking stocks closed the day lower with the sector falling -0.25% with some pressure on Zenith (-0.40%) and GTB (-0.31%). Consumers (+1.31%) managed to close in positive territory thanks mostly to NB (+3.63%).
Please note that the index figure above is correct at the time of writing.
Finally some life returned to the Zimbabwean bourse with some foreign demand also pushing the index higher. The main crossing was in Econet as the telco rose to 25c. There was also some decent action in Dairibord (6.9c) and Innscor (18c).
Country |
Notation |
Currency |
YTD % |
South Africa |
ZAR |
15.27 |
1.31 |
Nigeria |
NGN |
199.05 |
0.13 |
Kenya |
KES |
101.40 |
0.87 |
Mauritius |
MUR |
35.63 |
0.62 |
Botswana |
BWP |
11.09 |
1.23 |
Tanzania |
TZS |
2185.40 |
-1.65 |
Uganda |
UGX |
3345.00 |
0.81 |
Rwanda |
RWF |
780.50 |
-4.55 |
Ghana |
GHS |
3.85 |
-1.17 |
BRVM |
XOF |
600.00 |
3.09 |
Egypt |
EGP |
7.83 |
-0.09 |
Morocco |
MAD |
9.77 |
1.78 |
Tunisia |
TNF |
2.02 |
1.01 |