• ASI -34bps, $30.7mill
• A much better day thanks to crosses in JBerger ($12.09m) and Unilever ($7.71m)
We are hoping that yesterday's activity can spill over into today's session, but unfortunately we once again expect a lack of active trading with blocks once again dominating proceedings.
• NSE20 +36bps, $22.4mill
• The highlight of the day was an off-market cross in EQBNK (ca. 90m shares at KES 50.00)
• There was also a large foreign cross in KNCB as 28.1m shares traded
The market has opened the day with a block trade on KCB Bank, foreign selling with locals buying - 680,200 shares. Mumias clawed up another 8.7% on little supply following a presidential visit to the sugar growing belt where the government promised to help farmers. Uchumi was unchanged at KES 9.00 on 490,000 shares as the supermarket chain continued to reel from a string of bad news over its management. Kenya Airways was trading on thin volumes after Parliament lacked quorum to pass proposals that would have allowed the government provide a bailout loan.
• DCI +2bps, $112k
• Semdex -13bps, $495k
• Ind -31bps, $230k
Country |
Notation |
Currency |
YTD % |
South Africa |
ZAR |
12.14 |
-4.76 |
Nigeria |
NGN |
199.00 |
-7.81 |
Kenya |
KES |
98.60 |
-8.11 |
Mauritius |
MUR |
35.22 |
-9.87 |
Botswana |
BWP |
9.87 |
-3.57 |
Tanzania |
TZS |
2332.50 |
-25.70 |
Uganda |
UGX |
3295.00 |
-15.90 |
Rwanda |
RWF |
699.99 |
-1.45 |
Ghana |
GHS |
4.39 |
-26.81 |
BRVM |
XOF |
589.30 |
-8.00 |
Egypt |
EGP |
7.62 |
-6.23 |
Morocco |
MAD |
9.73 |
-6.39 |
Tunisia |
TND |
1.94 |
-4.01 |