Movers & Shakers: April 23, 2014

Botswana: DCI -0.66%, USD 80k

Nothing much to report from Gaborone except for small trades in FNBB (360t) and Stanchart (1175t).

Egypt: EGX 30 +0.31%, USD 138m

The EGX30 managed to end the day in positive territory at 8,294.88 up 0.31% on good volumes of USD 138m. Market kick started the day higher but it wasn’t for long before retail investors decided to book some profits on strength and inched the market lower to 8,255.77. Support was found again as institutions continued to buy blue-chips such as TMGH +2.13% & COMI which managed to sustain its position and last printed at 37.14, 0.11% higher from the open. GTHE also added support and last traded at 5.18 up 4.23% yet down from limit up of 5.46 in early trading as investors chose to realize some quick decent profits considering there are no short-term triggers on the name as well as there is no special div nor a tender offer out of Djezzy deal.

Kenya: NSE 20 unch, USD 11.1m

The Nairobi bourse saw improved trading activity as foreign buying drove the market. Equity Bank continues to run strongly as the banking stock gained a further 5.1% at KES 35.75. KNCB followed its banking peer higher and gained 1.6% to KES 48.50. Safcom had a weak start to the session before the buyers returned at the KES 13.00 level, the name eventually settling down 1.5% at KES 13.00.

Mauritius: Semdex -0.05%, USD 3.54m

An active day in Port Louis with most of the focus on the 2 major banks. MCBG led the charge as the banking group accounted for almost half the total turnover, the name closing up 23bps at Rs217.50. SBM closed unchanged at Rs1.04 on decent volume while elsewhere in the Sem-7 we saw a 29bp gain for NMH to Rs87.00.

Nigeria: ASI +0.46%, USD 32.94m

It was another very good day in Lagos from an activity point of view as value traded amounted to $32.94m. Banking stocks once again drove turnover with FBNH ($9.86m), Zenith ($6.58m) and GTB ($3.27m) leading the way. There was also some decent activity in NB ($2.94m) and DangCem ($1.21m). Banking stocks closed the day higher with the Index gaining +0.70% thanks to strong moves higher in Access (+3.81%) and UBA (+1.48%). Consumers managed to gain +0.07% thanks to Unilever (+3.91%) and PZ Cussons (+2.51%).

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

Zimbabwe: Industrials +1.79%, Mining +2.43%, USD 3.08m

It was a much better day in Harare as value traded amounted to a pleasing USD 3.08m thanks to some action in Delta ($911k), Econet ($568k) and FBCH ($509k). On another pleasing note the market closed the day higher with the Industrial Index gaining 1.79%.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.61

-1.15

Nigeria

NGN

162.15

-1.14

Kenya

KES

86.90

-0.69

Mauritius

MUR

30.05

unch

Botswana

BWP

8.78

-0.39

Tanzania

TZS

1639.00

-2.99

Uganda

TZSUGX

2513.00

+0.56

Rwanda

RWF

684.02

-1.17

Ghana

GHS

2.80

-15.41

BRVM

XOF

475.92

+0.89

Egypt

EGP

6.99

-0.68

Morocco

MAD

8.14

+0.48

Tunisia

TND

1.59

+3.15
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