Movers & Shakers: February 13, 2014

Botswana: DCI unch, USD 51k

Nothing on the go in Gaborone as value traded amounted to a dire USD 51k.

Egypt: EGX 30 +0.26%, USD 114m

The market managed to continue with its positive momentum lead by notable buying accumulation from institutional buying (mainly local and GCC) leaving the EGX30 to end the day up 0.26% to close at 7,590.71 points. The market continues to trade decent volumes, with the market trading a total turnover of USD 114m. The market continued with its positive sentiment lead by continued buying accumulation from institutional investors targeting names such as COMI, SKPC and OTMT leaving each to end the day up +1.68%, +0.96% and 3.19% respectively, retail investors continue to pressure the market as net sellers targeting med/small caps were names such as APSW(-2.61%), RREI(-2.54%) and AMER(-1.64%) witnessed notable pressure.

Kenya: NSE 20 -0.06%, USD 6.9m

Activity continued to slow down today as value traded amounted to $6.9m as foreign participation (36%) took another dip while they remained net sellers. EABL (-1.2%) came under pressure once again ahead of H1 2014 results due tomorrow before the market opens. Safcom (-0.8%) came under pressure as foreigners accounted for 92.1% of sales in the telco. Equity Bank (-0.8%) closed lower as both locals and foreigners sold the counter.

Mauritius: Semdex +0.21%, USD 2m

The banks continue to lead the way in Port Louis both in terms of volume and performance. MCB ended unchanged at Rs212 on big volumes while SBM rose by 94bps to Rs1.07. Elsewhere in the Sem-7 Terra rose by a massive 2.09% to Rs37.30 while ENL Land inched higher to Rs47.30.

Nigeria: ASI -2.24%, USD 29.6m

There was red all over the screens today as jittery investors pushed almost all stocks lower. Banks in particular got hammered as they lost 4%, most of this was due to the story of the CBN about to raise the public deposit rate for CRRs to 100%. Many of the Tier 1 names closed at limit down on net offer. The selling fed through to the consumers as the sector lost 1.7%, big losses recorded in NB (-3%, N145.50), Guinness (-2.3%, N121), Dangote Sugar (-2%, N11.36) and Nestle (-1.6%, N1102). Even the cements were not immune as we saw DangCem lose 1.66% to N235 on some chunky volumes. Nigerian Brewries released FY 2013 results which saw PAT increase 13.42%.

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

South Africa: Top 40 -0.28%, USD 1.22bn

The JSE ended the day lower with the Top 40 Index falling 0.28% to close at 41,730 while value traded amounted to USD 1.22bn. Financials were the day's biggest losers with the Index falling 0.73% followed by Resources and Industrials which fell 0.41% and 0.16% respectively. The Rand was trading at 11.03 and 15.09 to the USD and EUR respectively by the time local markets closed.

Zimbabwe: Industrials -0.69%, Mining unch, USD 4.19m

Normal trading was rather dull with just a special bargain in Dairibord at 15c (both sides foreign) dominating the day. The general market was soft as well as quiet though despite a gain in Econet (+2%, 62.01c).

African Currencies