A dull day in Gaborone with nothing notable to report on.
Slow session in Egypt today. The EGX30 added 0.2% to close at 9446 points on low volumes of EGP477 million. TMGH (-1.63%) topped the market volume with 3.8 million shares changing hands and MNHD was down 0.69%, while other real estate names, HELI, PHDC and OCDI gained 5.1%, 0.69%, and 1.18%, respectively. ADIB (+1.7%) grants Egyptian Drilling Company a seven-year financing facility worth USD60 million to finance company operations, the bank also grants MOIL (0.0%) a six-month financing facility worth USD25 million renewable for five years. Institutional investors were 35.95% of market participation, while foreign institutions ended the day as net sellers worth EGP7.2 million.
It was a solid start to the week in Nairobi with turnover increasing slightly to $9.8m. Foreigners dominated proceedings in Safcom as 16.07m shares changed hands in the telco. Local demand in EQBNK (+4%) drove the counter higher as 3.25m shares traded. Locals also dominated purchases in KNCB as the bank managed to gain +1.7%. There was a large cross in TCL as 1.95m shares traded in the usually illiquid name. KenolKobil retreated 1.7% despite foreign investor buying. The Energy Regulatory Commission (ERC) announced price cuts for petroleum products due to lower crude oil prices.
Another active day in Port Louis. The Sem-7 shed 3bps for the day with NMH the main culprit (-2.27%, Rs86). Gainers included MCBG (+24bps, Rs209), ENL Land (+60bps, Rs50) and Ciel (+85bps, Rs7.10). In other news, tourist arrivals for August were announced which showed an increase of 12.8% compared to the previous year with particular upside from the Netherlands and the UK.
It was an extremely slow start to the week in Lagos with turnover amounting to a very dull $12.2m. There was some activity in the likes of GTB ($2.14m), Zenith ($1.65m) and Oando ($1.27m). Banks came under a bit of pressure with the Index falling -1.05% as GTB (-3.05%), Access (-1.63%) and Zenith (-1.53%) dragged the sector lower. Consumers (-0.29%) also closed lower with weakness in Cadbury (-4.89%) and NB (-0.60%).
Please note that the index figure above is correct at the time of writing.
Profit taking was witnessed in a couple of stocks today in Harare. Almost the entire volumes today took place in Econet (80c) and Delta (131c) in a generally quiet session.
Country |
Notation |
Currency |
YTD % |
South Africa |
ZAR |
10.98 |
-4.53 |
Nigeria |
NGN |
162.85 |
-1.57 |
Kenya |
KES |
88.95 |
-2.98 |
Mauritius |
MUR |
31.50 |
-4.60 |
Botswana |
BWP |
9.10 |
-3.89 |
Tanzania |
TZS |
1660.00 |
-4.22 |
Uganda |
UGX |
2607.50 |
-3.09 |
Rwanda |
RWF |
690.76 |
-2.14 |
Ghana |
GHS |
3.61 |
-34.22 |
BRVM |
XOF |
509.88 |
-5.82 |
Egypt |
EGP |
7.14 |
-2.83 |
Morocco |
MAD |
8.59 |
-4.66 |
Tunisia |
TND |
1.76 |
-6.83 |