After a week of robust activity the market has settled back to the norm
Turnover declined by 49.4% as foreigners accounted for 73.9% of activity. DTB was the best performing stock due to block trades in the name- the counter closed up 0.4% at KES236. Other gainers included EABL (+0.7%, KES304), Safaricom (+0.9%, KES16.50) whilst KCB closed unchanged at KES58. Noteworthy laggards included ARM (-5.1%, KES74) and StanChart (-4.7%, KES305).
The index closed off in the red on the back of losses in MCB and SBM, shedding 0.2% and 1% to close at Rs206.25 and Rs0.95 respectively. Once again SBM dominated proceedings as the counter traded a total 6.5m shares.
There was a slight improvement in turnover whilst activity remains sluggish. The banking index closed up 1.92% as all tier 1 banking names closed in the green- top gainers included FBNH (+2.34%, N9.20), UBA (+5%, N5.46) and Zenith Bank (+2.66%, N22.81). The consumer index closed firm on the back of gains in 7Up (+1.14%, N178), Guinness (+2.26%, N158.50) and NB (+.17%, N156.99)- the index gained 0.76%. Top contributors included FBNH ($1m), GTB ($3.1m), UBA ($1.9m) and Zenith Bank ($1.6m).
Please note that the index figure above is correct at the time of writing.
Econet and Mash accounted for the bulk of activity as the counters contributed $246k and $139k respectively. A total of 5 counters registered trades in the session.
| Country | Notation | Currency | YTD % | 
| South Africa | ZAR | 11.87 | -2.53 | 
| Nigeria | NGN | 199.02 | -7.83 | 
| Kenya | KES | 96.35 | -5.97 | 
| Mauritius | MUR | 34.90 | -9.03 | 
| Botswana | BWP | 9.72 | -2.14 | 
| Tanzania | TZS | 2109.50 | -17.85 | 
| Uganda | UGX | 2995.00 | -7.48 | 
| Rwanda | RWF | 688.49 | +0.19 | 
| Ghana | GHS | 4.00 | -19.66 | 
| BRVM | XOF | 580.50 | -6.61 | 
| Egypt | EGP | 7.63 | -6.54 | 
| Morocco | MAD | 9.61 | -6.29 | 
| Tunisia | TND | 1.91 | -2.71 |