After a week of robust activity the market has settled back to the norm
Turnover declined by 49.4% as foreigners accounted for 73.9% of activity. DTB was the best performing stock due to block trades in the name- the counter closed up 0.4% at KES236. Other gainers included EABL (+0.7%, KES304), Safaricom (+0.9%, KES16.50) whilst KCB closed unchanged at KES58. Noteworthy laggards included ARM (-5.1%, KES74) and StanChart (-4.7%, KES305).
The index closed off in the red on the back of losses in MCB and SBM, shedding 0.2% and 1% to close at Rs206.25 and Rs0.95 respectively. Once again SBM dominated proceedings as the counter traded a total 6.5m shares.
There was a slight improvement in turnover whilst activity remains sluggish. The banking index closed up 1.92% as all tier 1 banking names closed in the green- top gainers included FBNH (+2.34%, N9.20), UBA (+5%, N5.46) and Zenith Bank (+2.66%, N22.81). The consumer index closed firm on the back of gains in 7Up (+1.14%, N178), Guinness (+2.26%, N158.50) and NB (+.17%, N156.99)- the index gained 0.76%. Top contributors included FBNH ($1m), GTB ($3.1m), UBA ($1.9m) and Zenith Bank ($1.6m).
Please note that the index figure above is correct at the time of writing.
Econet and Mash accounted for the bulk of activity as the counters contributed $246k and $139k respectively. A total of 5 counters registered trades in the session.
Country |
Notation |
Currency |
YTD % |
South Africa |
ZAR |
11.87 |
-2.53 |
Nigeria |
NGN |
199.02 |
-7.83 |
Kenya |
KES |
96.35 |
-5.97 |
Mauritius |
MUR |
34.90 |
-9.03 |
Botswana |
BWP |
9.72 |
-2.14 |
Tanzania |
TZS |
2109.50 |
-17.85 |
Uganda |
UGX |
2995.00 |
-7.48 |
Rwanda |
RWF |
688.49 |
+0.19 |
Ghana |
GHS |
4.00 |
-19.66 |
BRVM |
XOF |
580.50 |
-6.61 |
Egypt |
EGP |
7.63 |
-6.54 |
Morocco |
MAD |
9.61 |
-6.29 |
Tunisia |
TND |
1.91 |
-2.71 |