All today’s action took place in 2 of the more illiquid names. There were crosses in Sefalana (770t) and RDCP (202t). Outside of this nothing happened.
Egypt rallied 1.17% following the release of voting results for expatriates, showing a dominant win of 94% for Sisi against rival Sabahi. The results triggered a clear wave of optimism in the market led by foreign and Gulf investors. The EGX30 closed at a new high of 8,727.54 points on average volumes of USD 140m. CCAP ended the day up 0.63%, trading 18.7 million shares (almost two-times average volumes). This comes after a proposal to the government to build a station to generate electricity, which will cost USD1.3 billion. ARCC gained 5.51% following the board's proposal of a EGP0.11/share dividend. There was appetite in the telecom sector today, with GTHE, OTMT, and ETEL adding 1.85%, 1.48%, and 2.32%. SKPC (-1.03%) maintained its falling streak for a fifth day, to last print at EGP17.50.
The Kenya Top 20 index rose by 25bps on the back of strong foreign buying as turnover reached a solid $13.5m. A couple of chunky crosses in EqBnk were the major focal point with strong foreign buying pushing the bank up by 2% to KES 38.75. Action in Equity Bank accounted for almost 60% of the total turnover. KNCB was also active yet didn’t move from its opening price of KES 46.50 while Safcom fell slightly to KES 13.00. EABL dropped by a disappointing 1.7% to KES 286.
Another decent day in Port Louis. MCBG drove both market activity (almost 60% of the day’s turnover) while it rose by 93bps to Rs218. SBM closed unchanged at Rs1.05 on decent volume while the only other mover in the Sem-7 was ENL Land which increased by 50bps to Rs50.75.
Activity slowed down drastically today with value traded amounting to $23.18m. A large cross in GTB early on in the session got things going with a total of $7.31m worth of shares traded over the day. Other contributors towards turnover came in the form of NB ($3.65m), FBN ($1.75m) and Zenith ($1.17m). Banking stocks closed the day higher with the Index gaining +1.03% thanks to FBNH (+3.33%), GTB (+2.36%) and Zenith (+1.53%). Consumers (+1.40%) were also strong with Cadbury (+4.07%) and NB (+2.54%) leading the way higher.
Please note that the index figure above is correct at the time of writing.
Absolutely nothing on the go in Harare today as value traded amounted to a dissapointing USD 288k while the Industrial Index managed to gain +0.65%.
Country |
Notation |
Currency |
YTD % |
South Africa |
ZAR |
10.34 |
+1.42 |
Nigeria |
NGN |
162.30 |
-1.23 |
Kenya |
KES |
87.89 |
-1.81 |
Mauritius |
MUR |
30.14 |
-0.30 |
Botswana |
BWP |
8.69 |
+0.61 |
Tanzania |
TZS |
1655.00 |
-3.93 |
Uganda |
UGX |
2528.00 |
-0.51 |
Rwanda |
RWF |
684.28 |
-1.21 |
Ghana |
GHS |
2.97 |
-20.03 |
BRVM |
XOF |
483.24 |
+0.62 |
Egypt |
EGP |
7.12 |
-2.50 |
Morocco |
MAD |
8.21 |
-0.29 |
Tunisia |
TND |
1.62 |
+1.11 |