• ASI -29bps, $13.8mill
• Activity was rather dormant apart from the number of crosses that went through
At the risk of sounding like a broken record, we expect another dull session today in Lagos. There is still no specific driver either up or down so we expect yet another quiet session today although if there is the odd cross this could improve things.
• NSE20 -34bps, $5.9mill
• 21m shares were traded in Safaricom whilst EABL continued to rally.
The market opened the day with a significant foreign investor trades on KCB (516,200) and Equity Bank (580,700). KCB was unchanged while local investors were selling Equity Bank at an unchanged price of KES 47. The bank could be under selling pressure with 492,000 shares on offer, at the same price with few bids. Safaricom is unchanged at average of KES 16.04 after moving 2.8m shares, but looking weak. No other significant trades, a day after the MPC raised the benchmark rate by 150bps to 10%. The impact on interest rates is however unlikely to be as significant due to the calculation that include the 91-day T-Bills.
• DCI Unch, $2.7m
• Semdex +9bps, $1.4mil
• Ind -54bps, $1.7mill
Country |
Notation |
Currency |
YTD % |
South Africa |
ZAR |
12.46 |
-7.12 |
Nigeria |
NGN |
199.15 |
-7.88 |
Kenya |
KES |
97.30 |
-6.89 |
Mauritius |
MUR |
35.00 |
-9.29 |
Botswana |
BWP |
10.00 |
-4.80 |
Tanzania |
TZS |
2177.00 |
-20.40 |
Uganda |
UGX |
3110.00 |
-10.90 |
Rwanda |
RWF |
691.50 |
-0.24 |
Ghana |
GHS |
4.21 |
-23.62 |
BRVM |
XOF |
586.48 |
-7.60 |
Egypt |
EGP |
7.63 |
-6.30 |
Morocco |
MAD |
9.66 |
-6.25 |
Tunisia |
TND |
1.93 |
-3.78 |