Things slowed down in Gaborone with turnover amounting to USD 102k thanks mostly to Letshego (229k shares).
With no catalyst to drive the market higher, the EGX30 dipped 0.42% to close at 9718 points on good volumes of USD 92m. TMGH led volumes, adding 1.33% and reaching a new 52-week high at EGP11.62/shares with 5.5 million shares changing hands twice the average turnover. Local institutions continue to pressure the market, targeting HRHO (-3.72%), COMI (1.15%), ETEL (-1.5%), along with the real estate sector: MNHD (-3.61), HELI (-1.57%), PHDC (-2.71%). SWDY rallied 8.05% with 380,000 shares changing hands, marking a new five-year high of EGP47.85/share. Institutional participation was 38% of the market and local institutions were net sellers worth EGP24 million.
Things slowed down in Nairobi today but it was still rather decent as turnover amounted to $12.1 with locals (61.4%) still dominating proceedings. A foreign cross in BATK boosted activity in the tightly held name as a total of 206k shares traded. Equity Bank (-7.6%) came under some serious pressure on news that the bank was asked by the regulator to commit in writing that it would compensate the regulator for any liabilities that may arise from fraudulent use of the paper-thin SIM cards. Additionally, Safaricom announced that it will review its legal commitment to M-PESA users who opt to use the banks SIM cards citing security concerns.
Activity slowed in Port Louis today, but remained above the $1m mark with total value traded amounting to USD 1.09m. There was a small amount of activity in MCBG (31k shares), SBM (9.62m shares) and NMH (51k shares).
It was an absolutely mammoth day in Lagos in terms of activity with turnover amounting to an astounding $73.5m. Large crosses in the likes of Seplat ($27.19m), DangCem ($21.16m), NB ($7.76m), GTB ($3.34m) and Zenith ($3.16m) completely dominated proceedings and gave the market a much needed boost. Banks managed to bounce ever so slightly after a recent slide with the Index gaining +0.28% thanks to GTB (+3.21%) and FBNH (+0.94%). Consumers (-0.35%) however closed lower with Dangote Flour (-4.93%) and Nestle (-1.86%) dragging the sector lower. DangCem also had a good day from a performance point of view with the market heavyweight gaining +2.74%.
Please note that the index figure above is correct at the time of writing.
A very slow day in Harare as turnover amounted to USD 436k with Old Mutual ($258k) the only name worth mentioning.
Country |
Notation |
Currency |
YTD % |
South Africa |
ZAR |
11.15 |
-5.97 |
Nigeria |
NGN |
163.02 |
-1.67 |
Kenya |
KES |
89.00 |
-3.03 |
Mauritius |
MUR |
31.25 |
-3.84 |
Botswana |
BWP |
9.13 |
-4.20 |
Tanzania |
TZS |
1675.00 |
-5.07 |
Uganda |
UGX |
2633.00 |
-4.03 |
Rwanda |
RWF |
690.88 |
-2.15 |
Ghana |
GHS |
3.22 |
-26.31 |
BRVM |
XOF |
515.95 |
-6.94 |
Egypt |
EGP |
7.15 |
-2.84 |
Morocco |
MAD |
8.68 |
-5.69 |
Tunisia |
TND |
1.78 |
-7.69 |