Absolutely nothing going on at the moment
The market remains bearish with foreigners accounting for 81.39% of total sales. Foreigners were mainly selling large caps Safaricom (-0.6%, KES17.05) and EABL (-1.2%, KES321) whilst locals were taking advantage of the lower prices in KCB (+2.5%, KES60.50) and Equity Bank (+2.2%, KES46.50). Safaricom was the most actively traded counter in the session (accounted for 51% of activity) on the back of its Set Box launch product offers TV, internet and telephone connectivity.
MCB lost 0.1% to close down at RS203.25 after trading a total of 23.8k shares. SBM and NMH closed the week unchanged after trading a total of 1.3m and 6k shares respectively.
Turnover is still well below average. ETI was well offered throughout the session with the name closing weak at N24.49 (-0.24%). Most banking names ended in the red with FBN (+1.90%, N9.10) and GTB (unch, N28.83) as the exceptions the index shed 0.43%. The Consumer index lost 0.12% due to losses in Intbrew (-4.98%, N20.42), Unilever (-0.09%, N43) and NB (-0.32%, N153.50). Top movers included GTB, Zenith Bank, Stanbic, Dangcem and Wapco.
Please note that the index figure above is correct at the time of writing.
A dull day to close off the week as turnover only amounted to a mere $861k. Delta, Econet and Padenga accounted for the bulk of activity.
| Country | Notation | Currency | YTD % | 
| South Africa | ZAR | 11.94 | -3.13 | 
| Nigeria | NGN | 199.52 | -8.06 | 
| Kenya | KES | 95.48 | -5.11 | 
| Mauritius | MUR | 34.85 | -8.90 | 
| Botswana | BWP | 9.78 | -3.09 | 
| Tanzania | TZS | 1975.00 | -12.25 | 
| Uganda | UGX | 3004.50 | -7.77 | 
| Rwanda | RWF | 715.04 | -3.53 | 
| Ghana | GHS | 3.86 | -16.79 | 
| BRVM | XOF | 587.29 | -7.70 | 
| Egypt | EGP | 7.63 | -6.30 | 
| Morocco | MAD | 9.70 | -6.35 | 
| Tunisia | TND | 1.92 | -2.99 |