Movers & Shakers: December 13, 2013

Botswana: DCI +0.07%, USD 1.34m

A much better day in Gaborone as value traded amounted USD 1.34m thanks to crosses in BIHL (530k shares) and FSG (2.01m shares).

Egypt: Closed for the day.

Kenya: Closed for the day.

Mauritius: Semdex -0.11%, USD 2.95m

Another very active day in Port Loius as value traded amounted to USD 2.95m. One name once again dominated turnover and that came in the form of MCB today which accounted for 90% of the day's turnover as 390k shares traded in the counter thanks to a few crosses. SBM was rather dull as 995k shares traded while 55k shares traded in NMH.

Nigeria: ASI -0.03%, USD 30.67m

Block trading once again dominated proceedings in Lagos as activity increased to a very pleasing $30.67m. There was a very large cross in the usually illiquid E-transact that drove activity as value traded in the name amounted to $5m. Blue chip counters Oando ($3.2m), Guranty Trust Bank ($3m), Zenith Bank ($2.51m) and ETI ($2.47m) were also very active thanks to a number of big crosses. The Bank Index (-0.09%) closed the day lower as Access (-2.08%) and Fidelity (-1.61) put pressure on the sector. Unilever (-4.99%) and and PZ Cussons (-2.40%) dragged the consumer sector lower as the Index fell -0.85%.

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

South Africa: Top 40 -0.10%, USD 1.56bn

The JSE ended the day lower with the Top 40 Index falling 0.10% to close at 38,537 while value traded amounted to USD 1.56bn. Resources were the day's biggest losers with the Index falling 0.66% followed by Financials which fell 0.15% while Industrials gained 0.15%. The Rand was trading at 10.30 and 14.14 to the USD and EUR respectively by the time local markets closed.

Zimbabwe: Industrials -1.54%, Mining unch, USD 3.25m

Activity on the ZSE which has been on the high having averaged $2.1m in Q4 with just a few more sessions to go kept surging. In the week closing session turnover went up 75% to $3.25m capped by a special bargain in Old Mutual worth $1.67m sailing at a price of 275c. However in normal trades the global financial services concern traded at 270c which is a 2% discount to the bargain. Volume traded at 4.64m shares was 91% short on yesterday. Econet was the top volume contributor with 1.25m shares executed at 63c which is 1.6% ahead of yesterday’s close. A dark cloud kept overshadowing the industrials capping the week’s losses with a 1.54% decline to 204.12pts. Heavies kept weighing on the bourse in a similar fashion to the previous trading sessions. OK which has donned the downside all week long was among the top losers declining 4.8% to 20c. Delta and Innscor were 3.45% and 1.96% softer to close at 140c and 75c respectively. The Mining Index was stable at 42.87pts as trades in Bindura and Hwange sailed at prior levels. Reports are that the nickel miner’s cash injection proposal is still undergoing due diligence this time on the government’s part.

African Currencies