Another day with nothing to report from Gaborone.
Activity continues to impress in Nairobi as the volatility continues in banking stocks. KNCB continued to bounce today as local buyers drove the name +8.8% higher with 24.4m shares changing hands while foreign demand at these lower levels in EQBNK (+7.8%) helped the name start some form of recovery as 10m shares traded over the day. There was a large foreign cross in the usually illiquid BATK (-4.6%) as 357k shares traded. Safcom closed the day unchanged as 12.2m shares traded in the telco while EABL fell -0.4% on 556k shares.
A decent day from an activity point of view in Port Louis as MCBG continues to be the only name that investors are showing any interest in as 181k shares traded in the name.
Activity continued to increase in Lagos with a few decent crosses and some two way action in the likes of NB ($3.5m), Nestle ($3.5m), GTB ($2.8m) and Zenith ($1.1m). Banking stocks managed to close the day higher with the sector gaining +0.43% thanks to GTB as the sector heavyweight gained +1.53%. Consumers (+0.27%) also closed slightly higher thanks to 7UP (+9.38%). On the economic front, 2016 Q2 GDP shrank to -2.06%, which now puts the country officially in a recession while inflation for June rose to +17.1%.
Please note that the index figure above is correct at the time of writing.
Another woeful day in Harare.
Country |
Notation |
Currency |
YTD % |
South Africa |
ZAR |
14.64 |
5.66 |
Nigeria |
NGN |
315.75 |
-36.88 |
Kenya |
KES |
101.25 |
1.04 |
Mauritius |
MUR |
35.20 |
1.85 |
Botswana |
BWP |
10.88 |
3.14 |
Tanzania |
TZS |
2186.00 |
-1.68 |
Uganda |
UGX |
3375.00 |
-0.09 |
Rwanda |
RWF |
803.33 |
-7.26 |
Ghana |
GHS |
3.96 |
-3.94 |
BRVM |
XOF |
593.36 |
4.24 |
Egypt |
EGP |
8.78 |
-10.89 |
Morocco |
MAD |
9.77 |
1.65 |
Tunisia |
TNF |
2.21 |
-7.76 |