Not much on the go in Gaborone as value traded amounted to USD 421k with FNB and Letshego accounting for the majority of turnover.
The market managed to keep its bullish momentum lead by intuitional investors leaving the EGX30 to end the day up 0.36% to close at 7487.91. The market continued to trade healthy volumes, with a total turnover of USD 115m. The Egyptian market was supported by buying accumulation from international investors, with names such as COMI, EAST, and PHDC trading above-average volumes, leaving each to end the day up 1.18%, 2.01%, and 0.63% respectively. PHDC announced that it managed to obtain preliminary government approval on its Matrouh land settlement. ESRS (-0.29%) ended the day in the red after the company released its 3Q2013 results with a net loss of EGP84 million, improving y-o-y when compared to the EGP128 million net loss posted in 3Q2012, mainly on higher steel prices and lower iron ore costs that translated into higher margins, but remaining bullish on the group’s performance post the shift to DRI.
It was a much slower start to the week compared to what we have become accustomed to of late in Nairobi as value traded amounted to a rather dull $5.2m. Activity was dominated by local investors as they accounted for 61.4% of turnover. Foreign buying interest in Britam pushed the name higher with the counter closing at KES 18.95. Safcom came under a little bit of pressure with the telco falling -0.8% to close at KES 11.75.
A dull day in Port Louis. Foreign buying in MCB (+36bps, Rs208.75) and SBM (+95bps, Rs1.06) drove the major banks higher. Elsewhere in the Sem-7 we saw weakness in Terra (-55bps, Rs36.20). In other news we saw a year-on-year increase in monthly tourist arrivals for January of 3.7%.
A chunky cross in Dangote Cement accounted for just under half the total turnover. The largest cap stock closed unchanged at N240. Banks lost 89bps on the back of weakness in the Tier 1 names. However, outside of crosses in FBNH (-2.38%, N14.35) and Zenith Bank (-1.93%, N21.80) there was nothing going on. Consumers were little changed with activity only really taking place in Nestle (-44bps, N1135) with mild activity in NB (-32bps, N153.50) and Guinness (-11bps, N219). Oando continues to trade decent volumes yet shed 4.7% to N20.81.
Please note that the index figure above is correct at the time of writing.
The JSE ended the day higher with the Top 40 Index gaining 1.33% to close at 41,321 while value traded amounted to USD 1.29bn. Resources were the day's biggest gainers with the Index gaining 2.19% followed by Industrials and Financials which gained 1.07% and 0.76% respectively. The Rand was trading at 11.12 and 15.17 to the USD and EUR respectively by the time local markets closed.
A dull day in Harare as foreign investors remain apathetic. Nothing much to note took place with Delta and Econet remaining stable at 127c and 61c respectively.
Country |
Notation |
Currency |
YTD % |
South Africa |
ZAR |
11.12 |
-5.70 |
Nigeria |
NGN |
163.15 |
-1.75 |
Kenya |
KES |
86.20 |
+0.12 |
Mauritius |
MUR |
30.30 |
-0.83 |
Botswana |
BWP |
9.05 |
-3.32 |
Tanzania |
TZS |
1622.00 |
-1.97 |
Uganda |
UGX |
2468.75 |
+2.36 |
Rwanda |
RWF |
678.01 |
-0.30 |
Ghana |
GHS |
2.53 |
-6.13 |
BRVM |
XOF |
482.69 |
-0.52 |
Egypt |
EGP |
6.96 |
-0.20 |
Morocco |
MAD |
8.23 |
-0.53 |
Tunisia |
TND |
1.59 |
+3.18 |