Nothing much to note in Botswana.
Egypt started the day with notable profit taking led by institutions investors (foreign and local) after the recent gains as investors still doubt the market’s ability to break through its new five-year high. The EGX30 closed down 0.36% on lower-than-average volumes of EGP863 million. Most of the pressure targeted mid/small caps such as ELWA (-1.83%), AIND (0.90%), PIOH (-1.31%). COMI shed 0.75% on half of the 30-day average volumes. ACGC (leading the market turnover), GTHE, ETEL, and PHDC managed to trade against the general market sentiment, leaving each to end the day in the positive territory.
Another big day in Nairobi with foreign investors rather active, skewed to the sell side. Despite heavy foreign selling in Safcom the name still rallied to KES 13.20 on big volumes although the closing price was eventually KES 13.05 (unchanged). The other active names were the usual suspects. In the banks we saw KNCB lose 50bps to KES 46.50 despite heavy foreign buying while Equity Bank rose by 70bps despite heavy foreign selling. EABL shed 30bps to KES 291.
The Sem-7 closed the day unchanged with SBM dominating the volumes. SBM closed unchanged at Rs1.05 while MCBG ticked higher by 23bps to Rs216. ENL Land rose by 1% to Rs50.50 while the losers included Alteo (-1.43%, Rs34.50), Terra (-55bps, Rs36) and IBL (-47bps, Rs106).
A mammoth day of trading in Lagos with 2 massive crosses dominating the headlines. There were large crosses in Zenith Bank ($31m) and Guaranty ($15m) with a local seller for both of these. Outside of these huge crosses there was precious little else happening in the sector as the banks closed down 35bps. The only notable mover was ETI which was strong yet again (+4.66%, N15.50). The consumers continue to grind higher (+60bps) with buyers in NB still plentiful – NB rose by another 1.62% to N169.20 on good volume. There was also some decent trading in Dagcem (-90bps, N221).
Please note that the index figure above is correct at the time of writing.
The Industrials fell yet again although volumes spiked up impressively to $5.14m following a chunky special bargain in Econet at 65c. The Industrials index is down 15.62% YTD. Outside of the Econet SB at 65c the name actually lost 1% to 64c in normal trading while Delta slipped by 1.74% to 113c.
Country |
Notation |
Currency |
YTD % |
South Africa |
ZAR |
10.40 |
+0.80 |
Nigeria |
NGN |
162.35 |
-1.26 |
Kenya |
KES |
87.80 |
-1.71 |
Mauritius |
MUR |
30.10 |
-0.17 |
Botswana |
BWP |
8.70 |
-0.44 |
Tanzania |
TZS |
1652.50 |
-3.78 |
Uganda |
UGX |
2527.00 |
0.00 |
Rwanda |
RWF |
684.28 |
-1.21 |
Ghana |
GHS |
2.93 |
-19.08 |
BRVM |
XOF |
483.03 |
+0.59 |
Egypt |
EGP |
7.12 |
-2.50 |
Morocco |
MAD |
8.22 |
-0.43 |
Tunisia |
TND |
1.63 |
+1.07 |