Movers & Shakers: April 22, 2014

Botswana: DCI -0.06%, USD 248k

The only activity today in Gaborone took place in Choppies as just over 500k traded with the name closing at 420t.

Egypt: EGX 30 +2.04%, USD 125m

The EGX30 managed to end the day higher to close at 8,269.02 up 2.04% on average vols of USD 125m. GTH's Djezzy deal & valuation was the main catalyst for today’s accumulation where GTHE was lifted and traded at limit up all day long to last trade at 5.00. The dominating Locals took the opportunity to fuel the market targeting mainly the usual volatile and speculative high beta stocks such as OTMT +9.84%, AMER +3.53%, PHDC +2.27% and EGTS 3.61% which left big names like COMI & HRHO lagging behind where both last printed in the red -0.64% & -0.62% respectively. Moreover, locals were the sole net buyers today accounting for 83% of market.

Kenya: NSE 20 -0.30%, USD 7.0m

Increased foreign participation helped increase overall volumes with foreign participation accounting for 65% of buys and 43% of sells. Strong foreign buying in Equity Bank continued after last week's 2014 Q1 results as the bank gained 3.8% to KES 34.00. The usual suspects were yet again the most active as we saw Safcom close unchanged at KES 13.20 while EABL fell by 70bps to KES 282.00. KNCB tagged on to the bullish sentiment around Equity Bank as the stock gained 1.1% to KES 47.75.

Mauritius: Semdex -0.02%, USD 943k

A rather uneventful day in Port Louis as the index wound sideways. The only gainer in the Sem-7 was MCBG which rose by 46bps to Rs217 while there were losses in NMH (-57bps, Rs86.75) and Alteo Limited (-56bps, Rs35.80).

Nigeria: ASI +0.21%, USD 30.97m

It was a good start to the week in Lagos from an activity point of view as value traded amounted to $30.97m with some large crosses in FBNH ($11.50m) driving activity. There was also some decent action in the likes of GTB ($4.18m), NB ($2.29m) and Zenith ($2.07m). Banks had a very solid day with the Index gaining +1.79% thanks to strong moves in Access (+4.96%), GTB (+2.94%) and FBNH (+2.20%). Consumers (-0.72%) closed the day lower with some weakness in Nestle (-3.38%) dragging the sector lower. DangCem also came under some pressure and closed -2.94% lower.

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

Zimbabwe: Industrials -0.57%, Mining unch, USD 326k

It was a very slow start to the week after the Easter break as value traded amounted to USD 326k with some action in Econet ($198k) the only name worth mentioning. The market closed the day lower with the Industrial Index falling -0.57%.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.55

-0.55

Nigeria

NGN

162.14

-1.14

Kenya

KES

87.10

-0.92

Mauritius

MUR

30.00

+0.17

Botswana

BWP

8.76

-0.17

Tanzania

TZS

1637.00

-2.87

Uganda

TZSUGX

2520.00

+0.28

Rwanda

RWF

682.26

-0.92

Ghana

GHS

2.82

-15.78

BRVM

XOF

478.54

+0.35

Egypt

EGP

6.98

-0.57

Morocco

MAD

8.15

+0.44

Tunisia

TND

1.59

+3.25

 

 

 

 
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