Movers & Shakers: February 28, 2014

Botswana: DCI -0.40%, USD 74k

Nothing much to note in Botswana. The bulk of today’s activity was in Barclays (450t).

Egypt: EGX 30 +1.61%, USD 152m

The market managed to pick up its bullish momentum, leaving the EGX30 to end the day up 1.61% to close at 8,127.44 points. Market volumes managed to pick up again, with the market trading a total turnover of USD 152m. After the profit taking witnessed over the last couple of sessions, the market managed to trade in the greens after Prime Minister Ibrahim Mehleb appointed the cabinet. Local retail along with international institutions ended the day as notable buyers, with names such as OTMT(+3.82%), EKHO(+2.70%) and ETEL(+1.13%) witnessing above-average volumes. The real estate sector was a favorite today with names such as TMGH(+2.54%), PHDC(+1.78%) and OCDI(+1.68%) gaining notable interest after SODIC (OCDI) announced that they have settled the Solidere land dispute.

Kenya: NSE 20 +0.25%, USD 5.7m

Activity slowed down today as value traded amounted to $5.7m with foreigners still accounting for the bulk of activity. All eyes were on the two major banking stocks today with Kenya Commercial Bank releasing FY 2013 results before the open while Equity Bank released after the close with the former gaining 2.3% while the later closed unchanged as foreigners accounted for the majority of sales in the two counters. EABL drove activity on an otherwise boring day as 475k shares changed hands in the brewer. BATK will be releasing FY 2013 results before the open tomorrow.

Mauritius: Closed for the day.

Nigeria: ASI +0.06%, USD 13.15m

A very very quiet day in Lagos. Market seemed unwilling to commit with any conviction. Banks slipped by 82bps although it wasn’t a very strong move by any stretch of the imagination. Volumes were very quiet in the sector until the last half an hour which saw the odd cross go through. Consumers closed marginally in the positive with Guinness (+5%, N180.36) the star performer followed by Unilever (+3.88%, N45).

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

South Africa: Top 40 +0.02%, USD 1.48bn

The JSE ended the day slightly higher with the Top 40 Index gaining 0.02% to close at 42,544 while value traded amounted to USD 1.48bn. Industrials were the day's biggest gainers with the Index gaining 0.21% while Financials and Resources fell 0.11% and 0.02% respectively. The Rand was trading at 10.75 and 14.69 to the USD and EUR respectively by the time local markets closed.

Zimbabwe: Industrials +0.01%, Mining +6.63%, USD 760k

Zimbabwe reverted to dull volumes today as less than $1m changed hands. Econet gained 83bps to 65.25c and is now up a solid 9.3% YTD. CBZ gained 13bps to 15.57c but it was an overall dull day.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.75

-2.33

Nigeria

NGN

164.74

-2.70

Kenya

KES

86.45

-0.17

Mauritius

MUR

30.10

-0.17

Botswana

BWP

8.87

-1.14

Tanzania

TZS

1626.00

-2.21

Uganda

UGX

2533.00

-0.24

Rwanda

RWF

680.50

-0.66

Ghana

GHS

2.44

-2.66

BRVM

XOF

482.39

-0.47

Egypt

EGP

6.96

-0.20

Morocco

MAD

8.21

-0.30

Tunisia

TND

1.58

+3.68
contacts
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  • South Africa +27 11 268 5833
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