Movers & Shakers: December 06, 2013

A painfully dull day in Gaborone as barely USD7k changed hands.

A painfully dull day in Gaborone as barely USD7k changed hands.

Egypt: Closed for the day.

Kenya: NSE 20 -0.57%, USD 5.1m

Activity slowed down on the last trading day of the week with value traded amounting to $5.1m. The market came under pressure as foreigners were net sellers with the NSE 20 Index falling -0.57%. Safcom drove activity as 16m shares traded in the telco with foreigners remaining net sellers. The recent sell-off in the name however stopped today with the counter closing flat. A big cross in Kenya Reinsurance (4.3m shares) helped boost activity in the name as foreigners were on the buy side while locals were the sellers. EABL came under pressure, albeit on thin volume with the name falling -3.2% to close at KES 301.00.

Mauritius: Semdex -0.07%, USD 1.3m

Activity in SBM (-94bps, Rs1.05), IBL (+50bps, Rs101) and Sun Resorts (-82bps, Rs36.50) accounted for the bulk of today’s turnover in a generally lethargic session.

Nigeria: ASI -0.33%, USD 19.9m

Some crosses helped volumes in a generally slow day as the bears won the session yet again in the banks and consumers. Banks were down 28bps with most names unchanged to slightly negative. Volumes were mostly dull in the sector. Consumers lost 99bps for the day and were dragged lower by Nestle (-2.08%, N1175) and Unilever (-1.57%, N59.61) with both names witnessing some chunky crosses. NB also fell by 1.22% to N162.

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

South Africa: Top 40 +0.80%, USD 1.35bn

The JSE ended the day higher with the Top 40 Index gaining 0.80% to close at 39,905 while value traded amounted to USD 1.35bn. Financials were the day's biggest gainers with the Index gaining 1.09% followed by Resources and Industrials which gained 0.87% and 0.59%. The Rand was trading at 10.31 and 14.14 to the USD and EUR respectively by the time local markets closed.

Zimbabwe: Industrials -0.78%, Mining unch, USD 1.99m

The industrials index tumbled further in week ending session easing 0.78% to close at 211.17 pts. Heavy caps were entirely on the downside with Innscor, Delta and OK being the casualties. Delta eased -0.73% to 150c with OK softening -0.23% to 22c while Innscor was -3.75% lower at 77c by close of call. The minings index was unchanged at prior levels with Bindura being the only active counter in the cluster and spurning over a million shares at 2.2c.

African Currencies