Movers & Shakers: April 30, 2014


DUE TO THE HOLIDAY ACROSS ALL AFRICAN MARKETS ON THURSDAY 1 MAY 2014, PLEASE NOTE THAT SECURITIES AFRICA WILL BE CLOSED ON THIS DATE AND WILL REOPEN ON FRIDAY 2 MAY 2014.

Botswana: DCI +0.01%, USD 387k

The bulk of todays trading took place in 2 very illiquid names. These were Turnstar (188t) and Primetime (233t) while there was mild activity in Barclays (426t).

Egypt: EGX 30 -1.30%, USD 98m

The market managed to pick up bullish momentum to trade in the green yet on low volumes, leaving the EGX30 up 1.30% to 8,256.14 points. Market volumes were significantly low relative to recent turnovers, with a total turnover of USD 98m. Local investors (retail and institutional) ended the day as net buyers targeting OTMT, COMI, and GTHE leaving each to end the day up 3.28%, 1.19% and 1.96% respectively. The real estate sector managed to regain buying demand today with PHDC, OCDI , and TMGH up 3.02%, 0.62%, and 1.36%, respectively.

Kenya: NSE 20 -0.15%, USD 14.5m

Local investors once again dominated trading on a frustrating day in Nairobi as ATS systems issues created a number of breaks in trading. As expected on a day like this there was not much going on outside of Safcom as the telco gained 38bps to KES 13.10 on chunky volumes. KNCB released 2014 Q1 results after the trading session.

Mauritius: Semdex: -0.04%, USD 1.69m

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 +0.01%, USD 33.6m

Once again crossing dominated the day in Lagos. General market activity remains thin with the crosses really spiking volumes. Today chunky crosses took place in NB ($12.7m), FBNH ($6.4m) and Zenith ($2.8m). The banks rallied hard as the sector gained 1.53% with all major banks closing in the green. The rally was led by Zenith Bank (+3.56%, N22.70) and ETI (+2.66%, N13.50). Consumers went the other way as they lost 90bps with Cadbury (-5%, N75.05) and Nestle (-3.70%, N1040) dragging down the sector. NB gained 74bps to N150. Seplat had another active day as it gained 5% to N626.31.

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

Zimbabwe: Industrials +0.88%, Mining unch, USD 2.25m

A chunky and bullish trade in Delta pushed the Industrials index higher. Delta gained 2.68% to 115c and accounted for the bulk of today’s volume. DZL gained 1.25% while Econet rose by 83bps to 61.50c.

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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