The Egyptian market witnessed a slow day, leaving the EGX30 down 0.67% to close at 9745 points on notably low volumes of EGP464 million. HRHO (-1.88%) acquired a 49% stake in EDPR France in a USD208 million deal. SODIC saw some action after investors witnessed an arbitrage opportunity through buying the rights issue (-0.63%) and selling the stock (-6.32%) at the current levels, which leaves them with a profit of around 10%. Foreigners accounted for 22% of market participation as net sellers worth EGP5.8 million, targeting TMGH (-1.66%), ESRS (-0.92%), and COMI (-0.79%).
Foreign investors started the new quarter off skewed to the sell side. Activity was dominated in the likes of EqBnk (-1.9%, KES50.50), KNCB (+90bps, KES58.50) and EABL (+1.1%, KES279) while there was another suspicious trade in BATK. There was also some muted activity in Safcom (-1.8%, KES12.95) and ARML (-3.9%, KES86).
Nothing overly eventful happened today in Port Louis. The main movers in the Sem-7 were MCBG (+71bps, Rs212), NMH (-85bps, Rs88) and ENL Land (-8.26%, Rs50.00).
A better day in Harare with turnover increasing to USD 905k thanks to Econet ($396k), Innscor ($236k) and Pearl ($102k). The market closed the day lower with the Industrial Index falling -0.28%.
Country |
Notation |
Currency |
YTD % |
South Africa |
ZAR |
11.30 |
-7.21 |
Nigeria |
NGN |
163.89 |
-2.19 |
Kenya |
KES |
89.35 |
-3.41 |
Mauritius |
MUR |
31.50 |
-4.60 |
Botswana |
BWP |
9.23 |
-5.64 |
Tanzania |
TZS |
1677.00 |
-5.19 |
Uganda |
UGX |
2655.00 |
-4.82 |
Rwanda |
RWF |
692.51 |
-2.38 |
Ghana |
GHS |
3.32 |
-28.57 |
BRVM |
XOF |
520.02 |
-7.67 |
Egypt |
EGP |
7.14 |
-2.75 |
Morocco |
MAD |
8.76 |
-6.66 |
Tunisia |
TND |
1.80 |
-8.68 |