Movers & Shakers: December 30, 2013

Kenya: NSE 20 -0.25%, USD 8.0m

Another active day in Kenya with foreign activity once again pretty high yet evenly split across buys and sells. Strong foreign activity on both sides was clearly evident in the blue chips and we saw pretty solid performance from the likes of EABL (unch, KES 290) and Safcom (+90bps, KES 10.85). The banks were also active and foreign buying helped Equity Bank and KNCB rise by 80bps and 1.60% to KES 31.25 and KES 47.50 respectively. Outside of these names the market was quiet.

Nigeria: ASI +0.60%, USD 24m

Crosses in select name were the name of the game in Lagos today. The most active name was Wapco which saw some serious crosses go through as the name closed unchanged at N115. Banks rose by an impressive 2.24% with Tier 1 names really driving the market. The biggest gainers were UBA (+4.9%, N8.34) and Zenith (+5.83%, N24.87) although all banking names were strong. Consumers closed the day unchanged with most of the day’s action taking place in NB (unch, N164.10). Glaxosmi (-73bps, N68) and Nestle (-2.08%, N1175).

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