Movers & Shakers: April 10, 2014


Botswana: DCI +0.04%, USD 688k

It was a better day in Gaborone as value traded amounted to USD 688k thanks to Choppies (1.13m shares) and Letshego (1.05m shares) while the rest of the market was very quiet.

Egypt: EGX 30 +1.69%, USD 139m

The market traded on mixed sentiment leaving the EGX30 to end the day up 1.69% to close at 7,899.46 points. Market volumes improved significantly today compared to recent turnovers, with a total turnover of USD 139m. Institutional investors (local and international) stepped in as notable buyers targeting AMER, HRHO, and ETEL with eat up 5.56%, 2.22%, and 1.92%, respectively. A local newspaper stated that the government may auction ETEL's stake in Vodafone Egypt. CCAP managed to gain interest today after the company announced a EGP3.64 billion rights offer was fully subscribed, with the stock ended the day up 5.98% on strong volumes.

Kenya: NSE 20 -0.28%, USD 7.4m

Activity picked up today as value traded amounted to USD 7.4m with foreigners (56.2%) dominating proceedings. Foreigners drove activity on both sides of EABL as a total of 533k shares traded in the brewer. KenolKobil (-5.8%) came under pressure after the oil marketer reported FY 2013 results with foreigners dominating activity in the counter. Foreign purchases drove Safcom 2.4% higher to close at KES 12.75 on 7.22m shares. Liberty surged 10.7% after the insurer released FY13 results and announced a scrip dividend of KES 1.00.

Mauritius: Semdex +0.13%, USD 1.08m

It was a fairly average day in Port Louis as value traded amounted to USD 1.08m thanks largely to SBM as a total of 14.7m shares traded while only 26k shares changed hands in MCBG. Activity increased in NMH today as 40k shares traded in the hotelier.

Nigeria: ASI -0.12%, USD 23.27m

It was a fair day in Lagos from an activity point of view as value traded amounted to $23.27m. The usual suspects Zenith ($3.91m), NB ($3.17m), ETI ($2.54m) and GTB ($2.31m) drove activity. There was some profit taking in banking stocks as the Index fell -0.79% with Access (-3.85%) dragging the sector lower while Diamond Bank (-4.89%) came under pressure after releasing Q1 2014 results. Consumers (+0.07%) managed to close the day higher with good performances in UACN (+3.36%), Cadbury (+3.01%) and Guinness (+1.06%).

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

Zimbabwe: Industrials -0.38%, Mining unch, USD 561k

Not much on the go in Harare today as value traded amounted to USD 561k. There was some activity in Innscor ($195k) and Barclays ($103k) while Delta ($63k) and Econet ($24k) were very quiet. The market closed the day lower with the Industrial Index falling -0.38%.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.39

+0.89

Nigeria

NGN

162.08

-1.10

Kenya

KES

86.55

-0.29

Mauritius

MUR

30.11

-0.20

Botswana

BWP

8.68

+0.74

Tanzania

TZS

1632.50

-2.60

Uganda

TZSUGX

2520.00

+0.28

Rwanda

RWF

677.95

-0.29

Ghana

GHS

2.74

-13.48

BRVM

XOF

475.52

+0.99

Egypt

EGP

6.97

-0.40

Morocco

MAD

8.09

+0.82

Tunisia

TND

1.57

+4.16

contacts
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