Movers & Shakers: February 17, 2014

Botswana: DCI -0.01%, USD 6.5k

Absolutely nothing on the go in Gaborone today as value traded amounted to USD 6.5k.

Egypt: EGX 30 +0.01%, USD 103m

The Egyptian market was unaffected by yesterday’s explosion on a tourist bus in the Red Sea town of Taba, ending the day slightly up by 0.01% to close at 7,577.26. points. Market volumes managed improve compared to yesterday’s as the market traded a total turnover of USD 103m. The market started the day with negative sentiment to reach a low of 7,532.81 points with retail investors as net sellers targeting mid/small caps such as PIOH, ACGC, and UNIT, leaving each to end the day down 1.86%, 1.22%, and 1.21% respectively. Institutional investors stepped in to support the market as net buyers targeting names such as COMI (+0.14%), PHDC (+1.30%), and SWDY (+2.67%).

Kenya: NSE 20 -0.66%, USD 4.7m

Not much on the go in Nairobi today as value traded amounted to $4.7m. EABL (-4.9%) continued to come under pressure today after releasing H1 2014 results last Friday. Kenya Commercial Bank (-3.3%) and Equity Bank (-2.27%) were also weaker ahead of FY 2013 results which are due out soon. On a positive note, CFC Stanbic (+6.9%) managed to close the day higher on the back of foreign interest.

Mauritius: Semdex -0.38%, USD 1.2m

Banks reversed last week’s gains and thus dragged the index lower. MCB lost 24bps to Rs212 while SBM dropped by 1.87% to Rs1.05. Other losers in the Sem-7 included Alteo (-1.41%, Rs35) and IBL (-45bps, Rs110) while the gainers were NMH (+30bps, Rs83.25) and Terra (+2.19%, Rs37.30).

Nigeria: ASI +0.51%, USD 34.3m

The ASI pulled back some of last week’s losses as it inched higher by 51bps. Banks led this reversal as the sector gained 2.24% for the day. The Tier 1 names in particular had a good day led by UBA (+7.93%, N7.49), ETI (+3.5%, N14.49) and Guaranty (+2.67%, N25.39) with all these names experiencing decent volumes. Of the Tier 2 names the best performer was Diamond which gained 3.9% to N6.40. Consumers were unchanged for the day with chunky crossing taking place in NB (+2.11%, N145) and Nestle (-1bp, N1100). Oando also rebounded from last week’s softness by gaining an impressive 10% (N20.06) on good volumes.

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

South Africa: Top 40 +0.92%, USD 1.28bn

The JSE ended the day higher with the Top 40 Index gaining 0.92% to close at 42,478 while value traded amounted to USD 1.28bn. Industrials were the day's biggest gainers with the Index gaining 1.30% followed by Financials and Resources which gained 0.77% and 0.14% respectively. The Rand was trading at 10.84 and 14.86 to the USD and EUR respectively by the time local markets closed.

Zimbabwe: Industrials +0.20%, Mining unch, USD 560k

The Harare bourse remains muted although the index did tick higher thanks to gains in Delta (+80bos, 124c) and CBZ (+7bps, 15.01c). Econet remains stable at 62c. Foreign activity was almost non-existent and a general lack of interest is palpable.

African Currencies