A cross in Letshego (1.35m shares) tried to get things going as turnover amounted to $496k while the rest of the market was very quiet.
A massive day in Nairobi today thanks to an extremely large late cross in Equity Bank (both sides local) at KES45.00. After trading around the KES41 level for quite a while now this cross went through at KES45.00. The rest of the market was really quiet with just some mild activity in Safcom (-1%, KES14.40) while Brit also saw a couple of crosses go through (unch, KES16.00).
The market just can't seem to get going from an activity point of view in Port Louis, as turnover failed to break the $1m mark yet again with all the big names very quiet.
The main activity today was some crossing in NB (local buying/foreign selling) – without these crosses the market would have been rather dead as has been the norm in recent weeks. NB closed up 6.76% at N144.16 although this appeared to be a buyer’s fat finger right at the close because the name had traded at N136 all day. This gave the consumers (+3.06%) as well as the index a massive leg up. Elsewhere in consumers we saw Nestle close up 72bps at N836 while Banks continued to fall as they dropped by a further 1.17% on light volumes.
Please note that the index figure above is correct at the time of writing.
A better day in Harare but still nothing to write home about as turnover amounted to $312k with some small action in Econet and BAT.
Country |
Notation |
Currency |
YTD % |
South Africa |
ZAR |
13.84 |
-16.39 |
Nigeria |
NGN |
198.44 |
-7.55 |
Kenya |
KES |
101.90 |
-11.09 |
Mauritius |
MUR |
35.87 |
-11.49 |
Botswana |
BWP |
10.57 |
-10.03 |
Tanzania |
TZS |
2,180.00 |
-20.50 |
Uganda |
UGX |
3,560.00 |
-22.16 |
Rwanda |
RWF |
756.25 |
-8.79 |
Ghana |
GHS |
3.89 |
-17.29 |
BRVM |
XOF |
605.85 |
-10.78 |
Egypt |
EGP |
8.03 |
-10.93 |
Morocco |
MAD |
9.85 |
-7.84 |
Tunisia |
TND |
2.00 |
-6.87 |