Movers & Shakers: February 21, 2014


Botswana: DCI -0.21%, USD 106k

Despite a pick-up in activity the Gaborone bourse remains dull. There was some activity in FNBB (404t) and Turnstar (182t).

Egypt: closed for the day.

Kenya: NSE 20 +0.61%, USD 6.8m

Activity tapered off in Nairobi today on reduced foreign participation as value traded amounted to $6.8m. EABL (+7.49%) bounced for a second day after the brewer has been under the whip of late. Safcom was the most active counter on the day as foreigners drove selling in the name with 11.71m shares traded. The two major banking stocks Kenya Commercial Bank (-1.1%) and Equity Bank (-0.8%) closed lower on the back of foreign selling.

Mauritius: Semdex -0.10%, USD 1.1m

The market ambled along without much direction. MCB gained 47bps to Rs213 and NMH gained 90bps to Rs84. The only loser was Alteo which fell by 1.43% to Rs34.50.

Nigeria: ASI -1.34%, USD 21.9m

The first half of today’s session was quiet as investors were still digesting yesterday’s Sanusi bombshell. Banks (-2.25%) remain vulnerable although buyers did return in some names. ETI actually rose by 2.07% to N13.80 while all other banks lost ground. Some decent volumes went through in GTB (-3.8%, N23.67) and UBA (-4.7%, N6.70). The consumers lost 55bps with only NB (-1.1%, N145) really seeing any decent activity. Oando rose by a further 3.5% to N19.63. Flows remain heavily dominant on local participants.

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

South Africa: Top 40 +0.69%, USD 1.44bn

The JSE ended the day higher with the Top 40 Index gaining 0.69% to close at 42,952 while value traded amounted to USD 1.44bn. Resources were the day's biggest gainers with the Index gaining 0.76% followed by Industrials and Financials which gained 0.75% and 0.20% respectively. The Rand was trading at 10.95 and 15.06 to the USD and EUR respectively by the time local markets closed.

Zimbabwe: Industrials -0.14%, Mining unch, USD 600k

Seesawing on the ZSE extended into the closing session of the week this time paring on the downside. Losses of 0.14% were incurred to close call at 190.71pts. Heavies Delta and Barclays softened 0.08% and 2.4% to 124.90c and 4c respectively. While the losses were marginal trading was widely mixed as heavies swayed either direction. Old Mutual and CBZ mitigated the losses on identical gains of 0.01c to 242.51c and 15.11c respectively. Medtech was the worst faller easing 20% to 0.04c and was the stock’s first movement since the 14th of January 2014. The Mining Index extended to a YTD record 8 sessions at 33.61pts on minimal activity in the cluster. Only Bindura among the resources stocks had a fair showing in the span as the counter exchanged hands in 6 of the 8 session at a stable price of 1.3c per share.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.95

-4.24

Nigeria

NGN

165.60

-3.20

Kenya

KES

86.13

+0.20

Mauritius

MUR

30.10

-0.17

Botswana

BWP

9.00

-2.71

Tanzania

TZS

1627.00

-2.27

Uganda

UGX

2451.45

+3.08

Rwanda

RWF

677.25

-0.19

Ghana

GHS

2.51

-5.38

BRVM

XOF

479.96

+0.02

Egypt

EGP

6.96

-0.18

Morocco

MAD

8.17

+0.08

Tunisia

TND

1.58

+4.04

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