The only action today was in Choppies (410t).
A dull end to a quiet week in Nairobi. There were only 2 crosses, both in the 2 major banking groups, that lit up the screens. KNCB and Equity Bank both closed unchanged at KES 41.75 and KES 40.25 respectively. The rest of the market was extremely pedantic.
Some chunky crossing in the normally highly illiquid United Investments (-3.8%, Rs10.00) was the highlight of a really dull day.
Local buying drove the ASI higher today on the back of speculation that the fuel subsidy removal will lead to a FX revaluation. Most of the Tier 1 Banks spent the day net bid as the sector gained 3.80%. Volumes were impressive across the board particularly in names like GTB (+1.3%, N18.73), FBNH (+6.94%, N3.70) and Zenith Bank (+5.0%, N14.70). Consumers gained a more modest 1.01% with NB (-2.52%, N117.95) seeing the bulk of the trades.
Please note that the index figure above is correct at the time of writing.
A better day in Harare than what we have become accustomed to thanks to a cross in Delta ($830k) while the rest of the market was very dull.
Country |
Notation |
Currency |
YTD % |
South Africa |
ZAR |
15.20 |
1.75 |
Nigeria |
NGN |
199.05 |
0.13 |
Kenya |
KES |
100.73 |
1.56 |
Mauritius |
MUR |
35.13 |
2.05 |
Botswana |
BWP |
11.00 |
2.02 |
Tanzania |
TZS |
2190.00 |
-1.86 |
Uganda |
UGX |
3325.00 |
1.41 |
Rwanda |
RWF |
775.99 |
-3.99 |
Ghana |
GHS |
3.82 |
-0.39 |
BRVM |
XOF |
588.99 |
4.99 |
Egypt |
EGP |
8.88 |
-11.86 |
Morocco |
MAD |
9.68 |
2.62 |
Tunisia |
TNF |
2.05 |
-0.54 |