• ASI -22bps, $14.22mill
• Crosses in UBA ($4.32m) and Zenith ($3.94m) were the only names worth mentioning
After yet another dull session yesterday in Lagos it is quite clear that there is a lack of interest in the market. There is still no catalyst so we expect yet another quiet session today although if there is the odd cross this could spike up proceedings.
• NSE20 -47bps, $5.8mill
• A sluggish start to the week with foreigners dominating proceedings
The market is relatively quiet, with the leading mover being tightly held Diamond Trust Bank at 89400 shares - primarily foreign investor trades. Safaricom is up 0.3%, with volume well balanced between local and foreign investors. Among the leading movers, Kenya Power is down 1.5%, with most of the buying being foreign. There is an energy legislation in Parliament, which if passed in its current form, will deregulate power distribution and have a negative impact on Kenya Power. Mumias Sugar is up 2.6% despite concerns about the company shutting down. The promised bailout funds (debt) from government have not been released. NMG still looking weak, with little volume moved. NSE up 4.9% on continued foreign investor buying- thin volumes though.
• DCI -1bps, $2.36mill
• Semdex +20bps, $1.86mill
• Ind -3bps, $864k
Country |
Notation |
Currency |
YTD % |
South Africa |
ZAR |
12.64 |
-8.16 |
Nigeria |
NGN |
198.95 |
-7.79 |
Kenya |
KES |
97.80 |
-7.36 |
Mauritius |
MUR |
35.27 |
-10.00 |
Botswana |
BWP |
10.04 |
-5.38 |
Tanzania |
TZS |
2175.00 |
-20.32 |
Uganda |
UGX |
3110.00 |
-10.90 |
Rwanda |
RWF |
689.99 |
-0.03 |
Ghana |
GHS |
4.13 |
-22.09 |
BRVM |
XOF |
587.66 |
-7.71 |
Egypt |
EGP |
7.62 |
-6.21 |
Morocco |
MAD |
9.69 |
-6.42 |
Tunisia |
TND |
1.93 |
-4.01 |