Movers & Shakers: April 03, 2014


Botswana: DCI +0.05%, USD 30k

A very slow day in Gaborone as value traded amounted to USD 30k with no crosses to speak about.

Egypt: EGX 30 -2.89%, USD 176m

The EGX30 witnessed another red day to close at 7,701.11, down 2.89% on weak volumes of USD 176m. Some EGP455 million was attributed to one cross in AUTO. Yesterday’s booming took its toll on the market today in addition to continuous heavy profit taking from the local institutional side. Mixed flow was seen from the dominating retail investors as many tried to seize advantage of the volatility to make some intra-day trades. Names such as HRHO, ESRS and COMI came under notable pressure leaving each to end the day down 4.65%, 3.09% and 2.24% respectively. Toward the end of the session, most stocks managed to rebound from their lows.

Kenya: NSE 20 -0.31%, USD 5.2m

It was a better day in Nairobi but still nothing to write home about as value traded amounted to $5.2m with foreign participation increasing to 55%. Safcom managed to move back to the top in terms of activity as local purchases drove the name higher on 15.73m shares. Foreigners dominated activity in KNCB as a total of 1.41m shares traded with the bank gaining 0.5%. Not much on the go in EABL as only 140k shares traded. TransCentury retreated 4.4% on thin volumes ahead of FY13 results and disclosure of the price it received for the disposal of RVR, the transport division. EA Portland surged 8.3% on thin volumes as speculation resurfaced that the mainly government and Lafarge owned company could be sold off to Dangote Cement.

Mauritius: Semdex +0.12%, USD 2.81m

MCB finally resumed trading today after the counter's name change to the new MCBG with the name being very active as a total of 327k shares traded thanks to a few chunky crosses which helped increase turnover to a very pleasing USD 2.81m. There rest of the market was very quiet with some small activity in SBM (2.23m shares) and CFS (255k shares).

Nigeria: ASI +0.20%, USD 27m

Large crosses in NB ($9.62m) and Cadbury ($3.29m) drove activity on an otherwise dull day as total value traded amounted to $27m. Other names which saw some activity were GTB ($1.66m), Access ($1.44m) and Zenith ($1.42m). It was another decent day for banking stocks as the Index gained +0.46% thanks to UBA (+1.43%) and Access (+0.54%). Consumers (+0.03) managed to bounce ever so slightly with Flour Mills (+3.68%) and UACN (+1.48%) pushing the sector higher.

Please note that the index figure above is correct at the time of writing.

Zimbabwe: Industrials +%, Mining unch, USD 4.33m

It was a much better day in Harare as value traded amounted to USD 4.33m with the market heavyweights leading the way. Large block trades in Delta ($2.50m), Econet ($757k), Innscor ($259k) and Seedco ($223k) spurred the market on. The market managed to close ever so slightly higher with the Industrial Index gaining 0.07%.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.62

-1.23

Nigeria

NGN

163.83

-2.15

Kenya

KES

86.63

-0.38

Mauritius

MUR

30.10

-0.17

Botswana

BWP

8.83

-0.87

Tanzania

TZS

1628.50

-2.36

Uganda

TZSUGX

2558.00

-1.21

Rwanda

RWF

679.80

-0.56

Ghana

GHS

2.70

-12.04

BRVM

XOF

481.24

-0.22

Egypt

EGP

6.97

-0.40

Morocco

MAD

8.19

-0.18

Tunisia

TND

1.58

+3.67

contacts
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