Movers & Shakers: April 14, 2014

Botswana: DCI +0.01%, USD 203k

Not much on the go in Gaborone today as value traded amounted to USD 203k with BIHL (132k shares) accounting for the majority of activity.

Egypt: EGX 30 +0.14%, USD 70m

The market traded with mixed sentiment leaving the EGX30 to edge up 0.14% to 7,886.08 points. Volumes were still very weak compared to recent turnover, with a total turnover of USD 70m. The market started the day on negative sentiment with locals being net sellers, causing the market to reach a low of 7,861.60 points. After an hour of trading, GCC and international institutions managed to lift the market sentiment to trade in the greens, targeting names such as EKHO, SKPC and PHDC, with each ending the up 0.99%, 0.71% and 0.20% respectively. GCC retail investors along with local institutions ended the day as net sellers targeting names such as ESRS, ACGC and JUFO each ending the day down 0.77%, 1.41% and 0.62% respectively.

Kenya: NSE 20 +0.07%, USD 6.1m

Foreign activity once again dipped below the 50% mark and were net sellers for the session. Despite foreign selling in Safcom the name gained 80bps to KES 12.85 with a chunky cross going through at that level. Safcom accounted for more than half the market in a generally dull day. We also saw muted trading in EABL (unch, KES 264) and Equity Bank (+80bps, KES 32.50). General market activity was extremely quiet.

Mauritius: Semdex -0.29%, USD 1.26m

It was a decent enough start to the week in Port Louis as value traded amounted to USD 1.26m. MCBG drove activity as 54k shares changed hands with the counter closing flat at Rs215 while SBM fell -0.96% on 3.19m shares. Ciel was surprisingly active as a total of 1.22m shares traded.

Nigeria: ASI -0.25%, USD 9.5m

An incredibly uninspiring day to start the week in Lagos. In such a quiet environment it is difficult to gauge true sentiment. Banks fell by 1.37% with weakness across the board although outside of Zenith (unch, N21.70), GTB (-1.75%, N27.00) and ETI (unch, N13.00) there was not much happening in the sector. Consumers were largely unchanged with just some mild activity in UACN (+27bps, N59.21). Oando saw some activity yet closed the day down 4.14% at N15.30.

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

Zimbabwe: Industrials -0.76%, Mining unch, USD 1.78m

It was a decent start to the week in Harare as value traded amounted to USD 1.78m with Delta ($1.34m) accounting for the majority of turnover. Econet was extremely quiet as only 2k shares traded.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.51

+0.13

Nigeria

NGN

161.23

-0.57

Kenya

KES

86.75

-0.52

Mauritius

MUR

30.10

-0.17

Botswana

BWP

8.74

-0.03

Tanzania

TZS

1632.00

-2.57

Uganda

TZSUGX

2527.00

unch

Rwanda

RWF

683.02

-1.03

Ghana

GHS

2.78

-14.72

BRVM

XOF

477.78

+0.50

Egypt

EGP

6.98

-0.49

Morocco

MAD

8.14

+0.44

Tunisia

TND

1.58

+3.78
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