The bulk of today’s action took place in the normally illiquid Letlole (200t) and Sefalana (755t). The usual suspects like Letshego (207t) and Choppies (415t) were quiet.
The Egyptian bourse witnessed a significant wave of profit taking to close down 2.27% following the electoral committee's decision to extend voting for another day as turnout was relatively below expectation. This was in addition to continuous heavy profit taking from the local institutional side, with them ending as sole net-sellers today in names such as COMI (-0.91%), HRHO (-2.26%), and GTHE (-2.18%). The real estate sector took a bath today with PHDC (-2.6%) and TMGH (-3.9%) taking their biggest hits in two months. OCDI (-1.45%) saw some notable selling pressure. ODHN rallied 1.9% on double the three-month average volume, following profitable 1Q results.
Local investors were the bulk of activity in today’s session. The most active stock was EABL which closed unchanged at KES 271 – foreign buying and local selling. Safcom also saw some nice action as the telco closed marginally soft at KES 12.95. In the banks, Equity Bank was strong although it closed unchanged at KES 40.25 while KNCB gained a fair amount to close at KES 48.50.
An active day in Port Louis with MCBG (-34bps, Rs219.25) seeing the lion’s share of this. The Sem-7 shed 19bps with NMH also falling by 60bps to Rs83.50. .
Another mammoth day in Lagos with some chunky crosses pushing volumes to an impressive $76m. Leading the way today were crosses in Zenith ($37m), FBNH ($9m), GTB ($7m) and NB ($13m). Banks continue to rally hard and rose by a further 2.08% today. All names closed in the green. The consumers gained 31bps with the bulk of the volumes going through in NB (+56bps, N174). Dangote Sugar rose by 3.16% and UACN rose by 3.17% to N65. Oando remains on the back foot and slid by 28bps to N18 on good volumes.
Please note that the index figure above is correct at the time of writing.
Another dull day in Harare with foreign participants all but non-existent. Nothing notable to report.
Country |
Notation |
Currency |
YTD % |
South Africa |
ZAR |
10.49 |
+0.10 |
Nigeria |
NGN |
162.33 |
-1.25 |
Kenya |
KES |
87.90 |
-1.82 |
Mauritius |
MUR |
30.17 |
-0.40 |
Botswana |
BWP |
8.75 |
-0.16 |
Tanzania |
TZS |
1650.00 |
-3.64 |
Uganda |
UGX |
2544.00 |
-0.67 |
Rwanda |
RWF |
683.28 |
-1.21 |
Ghana |
GHS |
2.92 |
-18.66 |
BRVM |
XOF |
485.25 |
-1.04 |
Egypt |
EGP |
7.14 |
-2.83 |
Morocco |
MAD |
8.24 |
-0.76 |
Tunisia |
TND |
1.63 |
+0.99 |