• ASI -128bps, $37.5mill
• A $21m bookover in Zenith Bank drove proceedings yesterday
The tone is Lagos remains subdued and in the light of weak H1 numbers that have come out thus far we expect this trend to continue today. We also expect general trading to remain quiet with just the odd cross to liven things up, especially ahead of the long weekend.
• NSE20 -4bps, $32.6mill
• Another large cross in EQBNK (Helios the seller) boosted activity
The market has opened on a rather dull note in the absence of yesterday's Equity Bank foreign investor block trade. Equity Bank maintains the top mover position. The bank has shed 2.7% on foreign investor selling. The top gainers list is mainly dominated by small cap counters. After three consecutive sessions of declines, Britam is among the notable gainers (+4.4%). With 1.5m shares traded (highest), KCB has notched 0.93% higher on foreign investor trading. Safaricom is down 3.2% to KES 15.30 as supply outweighs demand. EA Cables is down 1.6% as the cable manufacturer's CEO resigns.
• DCI unch, $62k
• Semdex +17bps, $1.42mill
• Ind +5bps, $114k
Country |
Notation |
Currency |
YTD % |
South Africa |
ZAR |
12.44 |
-7.05 |
Nigeria |
NGN |
198.52 |
-7.59 |
Kenya |
KES |
102.05 |
-11.22 |
Mauritius |
MUR |
35.43 |
-10.39 |
Botswana |
BWP |
10.02 |
-5.09 |
Tanzania |
TZS |
2145.00 |
-19.21 |
Uganda |
UGX |
3321.50 |
-16.57 |
Rwanda |
RWF |
725.30 |
-4.89 |
Ghana |
GHS |
3.40 |
-5.36 |
BRVM |
XOF |
601.77 |
-9.97 |
Egypt |
EGP |
7.83 |
-8.65 |
Morocco |
MAD |
9.85 |
-7.98 |
Tunisia |
TND |
1.96 |
-5.37 |