Absolutely nothing going on at the moment
The market remains bearish with foreigners accounting for 81.39% of total sales. Foreigners were mainly selling large caps Safaricom (-0.6%, KES17.05) and EABL (-1.2%, KES321) whilst locals were taking advantage of the lower prices in KCB (+2.5%, KES60.50) and Equity Bank (+2.2%, KES46.50). Safaricom was the most actively traded counter in the session (accounted for 51% of activity) on the back of its Set Box launch product offers TV, internet and telephone connectivity.
MCB lost 0.1% to close down at RS203.25 after trading a total of 23.8k shares. SBM and NMH closed the week unchanged after trading a total of 1.3m and 6k shares respectively.
Turnover is still well below average. ETI was well offered throughout the session with the name closing weak at N24.49 (-0.24%). Most banking names ended in the red with FBN (+1.90%, N9.10) and GTB (unch, N28.83) as the exceptions the index shed 0.43%. The Consumer index lost 0.12% due to losses in Intbrew (-4.98%, N20.42), Unilever (-0.09%, N43) and NB (-0.32%, N153.50). Top movers included GTB, Zenith Bank, Stanbic, Dangcem and Wapco.
Please note that the index figure above is correct at the time of writing.
A dull day to close off the week as turnover only amounted to a mere $861k. Delta, Econet and Padenga accounted for the bulk of activity.
Country |
Notation |
Currency |
YTD % |
South Africa |
ZAR |
11.94 |
-3.13 |
Nigeria |
NGN |
199.52 |
-8.06 |
Kenya |
KES |
95.48 |
-5.11 |
Mauritius |
MUR |
34.85 |
-8.90 |
Botswana |
BWP |
9.78 |
-3.09 |
Tanzania |
TZS |
1975.00 |
-12.25 |
Uganda |
UGX |
3004.50 |
-7.77 |
Rwanda |
RWF |
715.04 |
-3.53 |
Ghana |
GHS |
3.86 |
-16.79 |
BRVM |
XOF |
587.29 |
-7.70 |
Egypt |
EGP |
7.63 |
-6.30 |
Morocco |
MAD |
9.70 |
-6.35 |
Tunisia |
TND |
1.92 |
-2.99 |