Movers & Shakers: August 19, 2014


Botswana: DCI -0.08%, USD 770k

Not a bad day in Gaborone (relatively speaking) with turnover amounting to USD 770k with some activity in FNBB (762k shares), Letshego (647k shares) and BIHL (137k shares).

Egypt: EGX 30 +0.85%, USD 116m

The Egyptian market managed to rebound today on local retail buying spree. The EGX30 added 0.85% to close at 9395 points, marking the highest level of the day, on average volumes of USD 116m. The real estate sector continued its phenomenal price surge. TMGH (+5.54%) led market volumes, reaching a new six-year high of EGP0.32/share. OCDI rose 8.71% on twice the average volume, while HELI gained 8.07% and MNHD 206%. CCAP rose 1.13% following the announcement of the new Suez Canal project. Foreigners ended the day as net buyers worth EGP31 million, accounting for 13% of market participation targeting banks and real estate names.

Kenya: NSE 20 +0.59%, USD 14.6m

A very good day in Nairobi from an activity point of view with tunover amounting to $14.6m. A large local cross in BATK helped boost turnover as a total of 676k shares changed hands with the counter touching another 52 week high of KES 801. This is despite news that the Tobacco Control Board has released its first set of pictorial warnings to be used on cigarette packages in contrast to warning labels in text form. Foreigners drove proceedings on both sdes of EABL as 630k shares traded in the brewer. Both major banking stocks KNCB and EQBNK closed the day unchanged as 2.48m and 1.09m shares traded respectively while foreign demand drove purchases in Safcom.

Mauritius: Semdex +0.15%, USD 4.83m

An extremely active day in Port Louis as value traded amounted to USD 4.83m thanks to a large cross in SBM as a total of 99.83m shares traded in the name. There was some decent activity in MCBG as 108k shares traded while NMH was rather quiet with 20k shares changing hands.

Nigeria: ASI +1.07%, USD 22.4m

It was a better day in Lagos but still nothing to write home about as value traded increased to $22.4m. Increased activity in Zenith ($4.91m), GTB ($1.97m), FBNH ($1.63m) and Access ($1.26m) drove proceedings. Banks closed stronger with the Index gaining +0.88% thanks to Zenith (+1.66%), GTB (+1.18%) and FBNH (+1.16%). Consumers (+1.13%) were also strong with NB (+3.70%) and Guinness (+1.42%) driving the sector higher.

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

Zimbabwe: Industrials unch, USD 1.85m

Another solid day in Harare with turnover amounting to USD 1.85m thanks to a large cross in Delta ($1.3m) while the rest of the market was rather dull. The market closed the day flat.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.60

-1.03

Nigeria

NGN

162.10

-1.11

Kenya

KES

88.30

-2.27

Mauritius

MUR

30.65

-1.96

Botswana

BWP

8.84

-1.18

Tanzania

TZS

1666.00

-4.56

Uganda

UGX

2612.50

-3.27

Rwanda

RWF

691.38

-2.22

Ghana

GHS

3.87

-38.75

BRVM

XOF

495.53

-3.10

Egypt

EGP

7.14

-2.82

Morocco

MAD

8.39

-2.49

Tunisia

TND

1.72

-4.52

contacts
  • Bermuda +1 441 278 7620
  • South Africa +27 11 268 5833