Decent day to end the week in Gaborone from an activity point of view as value traded amounted to USD 1.12m thanks to crosses in Choppies (1.31m shares) and Imara (2.46m shares).
Another bumper day in terms of turnover in Nairobi with some increased foreign participation. Most of this (almost half the market) was in foreign crossing in Diamond Trust Bank. In normal trading Equity Bank found some strong foreign buying although the name eventually closed unchanged at KES 31.75. Safcom dipped to KES 11.85 on good volumes while KNCB closed unchanged at KES 43.75. There was also a chunky trade in ARM (local seller, foreign buyer).
Some active foreign trading in both MCB and SBM livened up the session in Port Louis. Both names were strong with MCB rising 1.2% to Rs208 while SBM rose by 1.9% to Rs1.05. Elsewhere in the Sem-7 we saw gains in NMH (+30bps, Rs83.25) and ENL Land (+63bps, Rs47.80) while the only stock to fall was Alteo (-1.39%, Rs35.50).
It was another rather slow day in Lagos as value traded amounted to $19.8m with Zenith ($3.11m), Guaranty Trust Bank ($2.55m) and Nigerian Breweries ($1.86m) driving activity. Banks continued to take strain as the Bank Index fell -1.25% with tier-1 names Zenith (-3.35%) and Access (-3.19%) dragging the sector lower while First Bank managed to gain +1.87%. Consumers (-0.22%) also closed lower on the back of Dangote Sugar (-0.77%) after rumours that Tiger Brands are looking to increase their stake in the counter while Nigerian Breweries (-0.60%) also ended weaker.
Please note that the index figure above is correct at the time of writing.
The JSE ended the day higher with the Top 40 Index gaining 0.77% to close at 40,777 while value traded amounted to USD 1.48bn. Financials were the day's biggest gainers with the Index gaining 1.28% followed by Industrials and Resources which gained 0.84% and 0.36% respectively. The Rand was trading at 11.05 and 15.04 to the USD and EUR respectively by the time local markets closed.
Another very slow day in Zimbabwe although foreign participation was much improved. Industrials had a solid week by gaining 3.6% with Delta the leading driver – Delta gained a further 55bps today to 127c. Of the large caps, Econet remains stable at 61c albeit on thin volumes while we saw softness in Old Mutual (-86bps, 241c) and Seedco (-1%, 91c). In general the market remains lackluster.
Country |
Notation |
Currency |
YTD % |
South Africa |
ZAR |
11.05 |
-5.27 |
Nigeria |
NGN |
163.26 |
-1.81 |
Kenya |
KES |
86.00 |
+0.35 |
Mauritius |
MUR |
30.30 |
-0.83 |
Botswana |
BWP |
8.97 |
-2.76 |
Tanzania |
TZS |
1618.50 |
-1.76 |
Uganda |
UGX |
2467.00 |
+2.43 |
Rwanda |
RWF |
678.01 |
-0.30 |
Ghana |
GHS |
2.51 |
-5.38 |
BRVM |
XOF |
485.46 |
-1.10 |
Egypt |
EGP |
6.96 |
-0.22 |
Morocco |
MAD |
8.25 |
-0.81 |
Tunisia |
TND |
1.59 |
+2.84 |