Movers & Shakers: February 06, 2014


Botswana: DCI +0.01%, USD 757k

It was another average day in Gaborone as value traded amounted to USD 757k with Chobe accounting for 94.7% of turnover.

Egypt: EGX 30 +1.13%, USD 136m

The market managed to end the day on positive sentiment to continue with its bullish momentum, leaving the EGX30 to end the day up 1.13% to close at 7,426.17 points. Market volumes continued to improve compared to recent average turnovers, the market traded a total turnover if USD 136m. International investors participation was quite high today, accounting for more than 15% of total turnover. The market witnessed another strong day, mainly lead by international institutional investors followed by local investors targeting names such as EAST, PIOH, and GTHE leaving each to end the day down 4.77%, 4.87%, and 1.60% respectively. The real estate sector continued to gain momentum with names such as AMER, PHDC, and TMGH witnessing above average volumes leaving each to end the day up 2.46%, 2.62% and 0.70% respectively.

Kenya: NSE 20 -0.54%, USD 10.2m

Outside of foreign activity in Safcom and EABL the flow was once again dominated by local investors. Barclays Bank kicked off the banks’ earnings season by reporting a 12.8% drop in net profits which caused a 2% decrease in the stock price to KES 16.60. The other banks were mixed with KNCB losing 60bps to KES 43.75 while Equity Bank ended unchanged at KES 31.75. Safcom gained an impressive 4.4% to KES 11.95 while EABL fell by 2.6% to KES 262.

Mauritius: Closed due to a cyclone.

Nigeria: ASI -0.28%, USD 16.9m

Activity slowed down drastically in Lagos today as value traded amounted to a very dull $16.9m. Zenith ($2.47m), Nigerian Breweries ($1.74m) and Nestle ($1.54m) were amongst the most active names on the day. Banks (-0.50%) closed the day lower with Access (-2.26%) and Guaranty Trust Bank (-0.65%) dragging the sector lower while ETI managed to gain +1.02%. Consumers (-0.26%) closed in the red thanks to UACN (-1.47%) and Nestle (-0.87%).

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

South Africa: Top 40 +1.24%, USD 1.99bn

The JSE ended the day higher with the Top 40 Index gaining 1.24% to close at 40,465 while value traded amounted to USD 1.99bn. Industrials were the day's biggest gainers with the Index gaining 1.52% followed by Financials and Resources which gained 1.10% and 0.77% respectively. The Rand was trading at 11.04 and 14.99 to the USD and EUR respectively by the time local markets closed.

Zimbabwe: Industrials +0.34%, Mining unch, USD 710k

The ZSE inched higher yet again although volumes fell off a cliff today to a disappointing $710k. Delta gained just over 1% to 126.31c although it is still down 9.6% YTD. Econet has stabilized at 61c and was also the most traded stock during the session. Foreign participation was quiet in a generally lethargic market.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

11.04

-4.91

Nigeria

NGN

163.37

-1.88

Kenya

KES

86.00

+0.35

Mauritius

MUR

30.40

-1.15

Botswana

BWP

9.07

-3.50

Tanzania

TZS

1621.00

-1.91

Uganda

UGX

2460.10

+2.72

Rwanda

RWF

678.01

-0.30

Ghana

GHS

2.47

-3.85

BRVM

XOF

485.07

-1.03

Egypt

EGP

6.96

-0.21

Morocco

MAD

8.25

-0.83

Tunisia

TND

1.59

+3.06

contacts
  • Bermuda +1 441 278 7620
  • South Africa +27 11 268 5833