Movers & Shakers: August 28, 2014

Botswana: DCI -0.01%, USD 32k

Nothing on the go in Gaborone with turnover amounting to a dire USD 32k.

Egypt: EGX 30 +0.65%, USD 90m

Egypt managed to end the week in the green territory on weak momentum. The EGX30 gained 0.65% to close at 9435 points on low volumes of USD 90m. CCAP led market volumes, adding 3.84% on strong local buying appetite, to last print at EGP4.60/share. COMI (+2.82%) came in second, with 1.2 million shares changing hands. PIOH surged 6.33% ending the session on the days high of EGP15.96/share. The Egyptian bourse executed a EGP40 million block trade on 2.55 million shares at EGP15.68/share. Foreigners continue to be net buyers worth EGP7.8 million, accounting for 14% of market participation.

Kenya: NSE 20 +0.32%, USD 8.2m

Local investors continue to dominate the activity in Kenya as African markets remain lackluster. Once again the large cap names were quiet with nothing really exciting to report as Safcom (KES 12.75), EQBNK (KES 46.00) and KNCB (KES 57.00) all ended the day unchanged while EABL fell slightly to KES 280. NIC saw entirely local trading while BMBC saw a decent cross (local seller, foreign buyer).

Mauritius: Semdex +0.07%, USD 1.85m

Another solid day in Port Louis from an activity point of view with turnover amounting to USD 1.85m. Activity in MCBG (95k shares) and SBM (10.39m shares) drove proceedings while 49k shares changed hands in NMH.

Nigeria: ASI +0.58%, USD 15.6m

Another dull day in Lagos. The banks recovered dramatically (+1.75%) as the Tier 1 names in particular rallied hard. Leading the pack were GTB (+3.43%, N29.87), UBA (+3.48%, N7.44), FBNH (+2.77%, N14.49) and Zenith (+1.85%, N24.75). The consumers gained a modest 8bps today with none of the names really gaining or losing much ground. The activity was centered on NB (+15bps, N175) and UACN (-39bps, N58.52). Oando had another active day as it gained 2.55% to N26.15 on decent volume.

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

Zimbabwe: Industrials +0.07%, USD 1.12m

A much better day in Harare with turnover increasing to USD 1.12m thanks to some action in ABCH ($866k) and a small bit of activity in Delta ($150k) while the rest of the market was very quiet. The market closed higher with the Industrial Index gaining 0.07%.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.65

-1.48

Nigeria

NGN

162.15

-1.14

Kenya

KES

88.45

-2.43

Mauritius

MUR

30.87

-2.66

Botswana

BWP

8.89

-1.66

Tanzania

TZS

1667.00

-4.62

Uganda

UGX

2620.00

-3.55

Rwanda

RWF

690.50

-2.10

Ghana

GHS

3.74

-36.58

BRVM

XOF

501.07

-4.16

Egypt

EGP

7.14

-2.83

Morocco

MAD

8.46

-3.44

Tunisia

TND

1.73

-5.22
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