Movers & Shakers: April 29, 2014

Botswana: DCI +0.13%, USD 123k

Not much on the go in Gaborone as value traded amounted to USD 123k with some action in BIHL (75k shares) the only name worth mentioning.

Egypt: EGX 30 -0.19%, USD 30m

The market witnessed another day of profit booking today lead by local institutions and local retail investors, leaving the EGX30 to end the day down 0.19% to close at 8,150.09 points. The market traded low volumes relative to recent turnovers, with a total turnover of USD 30m. The market witnessed some profit booking yet on weak momentum, with ACGC, OTMT, and JUFO witnessing notable selling pressure, each ending the day down 2.89%, 2.40%, and 1.12% respectively. International institutions ended the day as notable buyers, accounting for more than 22% of total turnover. This was evident in names such as COMI with the stock trading above average volumes leaving it to end the day up 0.32%.

Kenya: NSE 20 -0.03%, USD 12.6m

It was a much better day in Nairobi from an activity point of view as value traded amounted to $12.6m with foreign participation increasing to 45.2%. Foreign demand drove activity in KNCB ($5.13m) and EQBNK ($2.99m) as the banking stocks gained 1.0% and 4.0% respectively. KNCB is due to release Q1 2014 results after the close tomorrow. There was some activity in ARML ($860k) as foreigners dominated sales in the counter while 236k shares changed hands in EABL on the back of foreign demand. KNRE (-6.3%) came under some severe pressure after releasing FY 2013 results.

Mauritius: Semdex -0.22%, USD 2.16m

A soft day in Port Louis as weakness in Terra (-1.33%, Rs37.00) and Alteo limited (-56bps, Rs35.50) dragged the index down. This was countered somewhat by further strength in MCB as the major banking group gained a further 23bps to Rs219.00.

Nigeria: ASI -0.29%, USD 17.67m

Activity increased in Lagos today but there was still not much to write home about as value traded amounted to $17.67m. Crosses in the likes of Zenith ($3.14m), FBNH ($2.63m) and GTB ($1.85m) drove activity. There was large activity in the recently listed Seplat as $4.05m worth of shares changed hands. Banks came under pressure today with the Index falling -2.19% with heavy losses in GTB (-4.34%) and Access (-2.41%) while FBNH managed to buck the trend and gain +8.30%. Consumers (-0.50%) also closed the day lower with PZ Cussons (-2.65%) and Guinness (-1.39%) weighing on the sector.

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

Zimbabwe: Industrials +0.28%, Mining unch, USD 934k

Not too much on the go in Harare today as value traded amounted to USD 934k with some activity in FBCH ($410k), Econet ($132k) and Delta ($123k). The market managed to close the day higher with the Industrial Index gaining +0.28%.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.55

-0.68

Nigeria

NGN

160.74

-0.28

Kenya

KES

86.95

-0.75

Mauritius

MUR

30.00

+0.17

Botswana

BWP

8.77

-0.26

Tanzania

TZS

1643.00

-3.23

Uganda

TZSUGX

2520.00

+0.28

Rwanda

RWF

679.50

-0.59

Ghana

GHS

2.82

-15.82

BRVM

XOF

477.61

+0.54

Egypt

EGP

7.00

-0.78

Morocco

MAD

8.14

+0.51

Tunisia

TND

1.60

+2.52
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