Movers & Shakers: December 31, 2013

Kenya: NSE 20 +1.08%, USD 3.5m

A strong session to end 2013 in Nairobi although foreign activity on the quiet side. Equity Bank remains vulnerable and shed 92bps to KES 30.75 while KNCB gained 35bps to KES 47.25 on the back of foreign buying. EABL gained 1% to KES 290 while Safcom eased slightly to KES 10.85.

Nigeria: ASI +2.12%, USD 24.4m

Some aggressive buying pushed the ASI higher to end the year on a high. Banks were up a massive 3.77% with most of this being attributed to Zenith (+10%, N27.40) and UBA (+6.71%, N8.90). Tier 1 banks also saw some decent crossing as investors position themselves ahead of year end. The consumers also had a strong day (+1.39%) albeit on thinner volumes. Strength in DangFlour (+7.89%, N10.25), NB (+2.32%, N167.90) and Nestle (+2.13%, N1200) were the main outperformers in the sector. Wapco saw a second consecutive day of chunky volumes yet closed unchanged at N115. Transcorp continues to trade rather actively and closed down 3.33% at N4.35 on good volumes.

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