Another massive day in Gaborone today, with Letshego (unch, 189t) accounting for 95% of turnover. There were also decent trades in Choppies ($223k), while the rest of the market was quiet.
The market closed positive for the second straight day, as foreign participation remained at 52%. KNCB (+1.03%) was the most active name, accounting for a third of the market turnover as its numbers are expected to come before the end of the week.
A not so bad day in Port Loius as Rs36m exchanged hands while MCBG (+0.5%, Rs275.50), Excelsior (-4.5%, Rs21.00) and IBL (unch, Rs50.00) making the numbers accounting for a combined 77% of the turnover. The rest of the market was softer with the likes of SBM declining 0.3% trading at Rs7.58.
It was a negative close in Nigeria, with only the Insurance sector gaining on the day. Zenith bank dominated the action, accounting for approximately 40% of total market turnover.
Please note that the index figure above is correct at the time of writing.
A massive decline from yesterday’s booming activity even though it wasn’t a really horrible day, relatively speaking, with Seedco ($227k) accounting for 28% of the market turnover at 195.00c continuing its topsy-turvy movement. BATZ ($174k) unmoved trading at 200.00c and the only other name worth a mention was Hippo Valley ($170k) sitting flat at 170.00c.
| AFRICA STOCK EXCHANGE PERFORMANCE | CURRENCIES | ||||||||||
| Country | Index | 7-Mar-18 | YTD % | Country | Notation | 7-Mar-18 | YTD % | ||||
| Botswana | DCI | 8 692.93 | -1.89% | Botswana | BWP | 9.57 | 2.85 | ||||
| Egypt | CASE 30 | 16 384.07 | 9.05% | Egypt | EGP | 17.62 | 1.09 | ||||
| Kenya | NSE 20 | 3 740.97 | 0.98% | Ghana | GHS | 4.45 | 1.27 | ||||
| Malawi | MASI | 24 407.64 | 13.01% | Kenya | KES | 101.35 | 1.81 | ||||
| Mauritius | SEMDEX | 2 283.56 | 3.70% | Morocco | MAD | 9.16 | 1.88 | ||||
| SEM 10 | 435.67 | 3.28% | Mauritius | MUR | 33.11 | 1.42 | |||||
| Morocco | MASI | 13 179.19 | 6.30% | Nigeria | NGN | 360.10 | -0.03 | ||||
| Nigeria | NSI | 42 952.70 | 12.25% | Rwanda | RWF | 850.69 | 0.39 | ||||
| Tanzania | TSI | 3 893.73 | -0.65% | Tunisia | TND | 2.40 | 2.49 | ||||
| Rwanda | RSI | 134.18 | -0.89% | Tanzania | TZS | 2 254.00 | -0.86 | ||||
| Uganda | USE ALSI | 2 096.32 | 6.00% | Uganda | UGX | 3 651.83 | -0.24 | ||||
| Zambia | LUSE All Share | 5 586.64 | 4.86% | BRVM | XOF | 544.38 | 3.64 | ||||
| Zimbabwe | Industrial Index | 290.11 | -11.02% | South Africa | ZAR | 11.86 | 4.40 | ||||
| Mining Index | 120.56 | -15.35% | Zimbabwe | *OMIR | 1.54 | 0.05 | |||||
| *Zimbabwe Old Mutial Implied Rate | |||||||||||