Movers & Shakers: August 11, 2014

Botswana: DCI +0.13%, USD 220k

Not much on the go in Gaborone as value traded amounted to USD 220k with some action in the likes of Sefalana (121k shares) and Choppies (164k shares), the only names worth mentioning.

Egypt: EGX 30 +1.32%, USD 101m

Bullish momentum drove the Egyptian equity market higher, breaching the 9200 level and marking a new 6-year high. The EGX30 gained 1.32% to close at 9237 points on good volumes of USD 101m. Foreign buying appetite took COMI up 2.15% reaching a new high of EGP45.30/share with 1.5 million shares changing hands. The real estate sector supported the market on good volumes: TMGH (+0.72%), OCDI (+2.41%), HELI (+6.1%), MNHD (+1.16%). Local retail pressured high-beta names, with AMER down 0.71% and EGTS 1.12%.

Kenya: NSE 20 +0.24%, USD 12m

Outside of the activity in KNCB (still the ESOP trading) and a couple of chunky crosses in EABL the rest of the Kenyan market was quiet. KNCB sold off gently (-93bps, KES53.50) and Equity Bank followed suit (-54bps, KES45.75). Safcom was also marginally soft as it sold off to KES12.70 while EABL was soild as most of the action went through at KES300 although the closing price is KES299 due to the rounding off in Nairobi.

Mauritius: Semdex -0.51%, USD 1.11m

A rather average start to the week in Port Louis as value traded amounted to USD 1.11m. The only name worth mentioning on the regular board was MCBG as 60k shares changed hands, while things were extremely slow in SBM (1.48m shares). There was a cross of 12.79m CHSL on the DEM as CIEL sold its 20% stake in the counter

Nigeria: ASI -1.37%, USD 11.8m

A dull day in Lagos as the market never got going and weakness was exhibited across the board. The most active stock was the normally illiquid name ConOil ($1.5m). Banks fell by 90bps with all Tier 1 names closing in the red. The biggest loser was ETI which fell by 2.35% to N17.90. The consumers were hard hit as they lost 2.48% for the day led by falls in NB (-4.96%, N175.01), Guinness (-3.25%, N193.50), Cadbury (-5%, N70.54) and Flourmills (-2.33%, N77.50). Oando closed marginally positive at N27.33 on reasonable activity.

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

Zimbabwe: Market closed today

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.66

-1.58

Nigeria

NGN

162.30

-1.23

Kenya

KES

87.95

-1.88

Mauritius

MUR

30.59

-1.77

Botswana

BWP

8.86

+1.33

Tanzania

TZS

1661.00

-4.27

Uganda

UGX

2620.00

-3.55

Rwanda

RWF

690.02

-2.10

Ghana

GHS

3.80

-37.50

BRVM

XOF

493.07

-2.62

Egypt

EGP

7.15

-2.83

Morocco

MAD

8.35

-2.05

Tunisia

TND

1.71

-4.28
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