Movers & Shakers: April 08, 2014

Botswana: DCI +0.02%, USD 1.42m

It was a much better day in Gaborone as value traded amounted to USD 1.42m thanks to crosses in Choppies (2.24m shares) and NAP (1m shares). The rest of the market was rather quiet.

Egypt: EGX 30 +2.32%, USD 88m

The market managed to pick up to trade in the greens yet on low volumes, leaving the EGX30 up 2.32% to 7,704.5 points. Market volumes were significantly low relative to recent turnovers, with a total turnover of USD 88m. Institutional (local, GCC, and international) ended the day as net buyers targeting ESRS, COMI, and GTHE leaving each to end the day up 3.04%, 2.32% and 2.28% respectively. The real estate sector managed to regain some buying demand today with OCDI, PHDC, and TMGH up 3.86%, 2.94% and 2.43% respectively.

Kenya: NSE 20 +0.26%, USD 10.8m

Foreigners continued to dominate activity as they accounted for 80% of total turnover on a very active day as value traded amounted to $10.8m. EABL was very active thanks to a few large crosses as 1.5m shares changed hands in the brewer. EQBNK and KNCB both closed the day unchanged as foreign purchases drove activity in the counters. Safcom closed the day lower on the back of foreign selling (-91.6%) as the telco fell -0.8%. Mumias Sugar notched 1.5% lower on local investor selling as the government announced plans to begin privatizing 5 sugar millers from end of this month.

Mauritius: Semdex -0.15%, USD 2.31m

It was a much better day in Port Loius in terms of activity as value traded amounted to USD 2.31m as MCBG was rather active with 134k shares traded in the counter. There was also a cross of 494k SUN at Rs 39.00 which helped boost turnover. Not much on the go in SBM as 5.52m shares traded.

Nigeria: ASI +0.66%, USD 30.87m

It was another very active day in Lagos as value traded amounted to $30.87m thanks to some big crosses in the likes of Zenith ($8.35m), GTB ($7.60m), NB ($3.13m) and ETI ($2.30m). Banks had a strong day with the sector gaining +1.43% with good performances from Zenith (+3.57%), ETI (+1.18%) and UBA (+1.15%). Consumers (+1.10%) also had a very good day thanks to PZ Cussons (+3.81%), Nestle (+3.17%) and Dangote Sugar (+1.88%). There was a small bit of activity in the cemnts as 600k DangCem traded.

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

Zimbabwe: Industrials +0.01%, Mining -2.07%, USD 1.26m

The Industrial Index was little changed in Tuesday trades rising by only 0.01%. Both values and volumes traded went up 106% and 125% respectively to $1.26m and 11.3m shares. In sharp contrast foreign inflows declined 62% to $0.07m. DZLH and Delta were the most sought after stocks by value collectively contributing 56% or $0.79m to total turnover.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.43

+0.57

Nigeria

NGN

163.75

-2.11

Kenya

KES

86.60

-0.35

Mauritius

MUR

30.12

-0.25

Botswana

BWP

8.69

-0.31

Tanzania

TZS

1633.00

-2.63

Uganda

TZSUGX

2547.00

-0.79

Rwanda

RWF

677.87

-0.28

Ghana

GHS

2.71

-12.52

BRVM

XOF

478.61

+0.33

Egypt

EGP

6.97

-0.39

Morocco

MAD

8.15

+0.30

Tunisia

TND

1.58

+3.63
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