• ASI -77bps, $27.6mill
• Robust activity to start off the month on the back of foreign and local crossing
Changes were saved
• The market was closed
After the extended weekend, the Kenya market has opened the week with KCB being sold by foreign investors but domestic institutional demand keeping the price slightly higher. Co-op Bank is also witnessing reasonable volumes. Robust bids for EABL are being witnessed, especially driven by international investors. This appears to be a build up to the recent update in alcoholic beverage regulations which saw duty remission on beer made from sorghum, cassava and millet raised from 50% to 90%. NSE is holding up steady after last week's AGM. Uchumi is quiet after Choppies sought regulatory approval for the purchase of Ukwala- a small but reasonable well known supermarket chain with 10 outlets.
• DCI +3bps, $165k
• Semdex +8bps, $1.82mil
• Ind +8bps, $34k
Country |
Notation |
Currency |
YTD % |
South Africa |
ZAR |
12.24 |
-5.52 |
Nigeria |
NGN |
199.05 |
-7.84 |
Kenya |
KES |
97.65 |
-7.22 |
Mauritius |
MUR |
35.55 |
-10.69 |
Botswana |
BWP |
9.95 |
-4.47 |
Tanzania |
TZS |
2115.00 |
-18.06 |
Uganda |
UGX |
3060.00 |
-9.44 |
Rwanda |
RWF |
689.99 |
-0.03 |
Ghana |
GHS |
4.07 |
-21.04 |
BRVM |
XOF |
601.90 |
-9.94 |
Egypt |
EGP |
7.62 |
-6.21 |
Morocco |
MAD |
9.84 |
-7.80 |
Tunisia |
TND |
1.96 |
-5.26 |