Movers & Shakers: January 07, 2014


Botswana: DCI +0.11%, USD 101k

Another dull day in Gaborone as value traded amounted to USD 101k with Choppies driving activity as 129k shares traded.

Egypt: Closed for the day.

Kenya: NSE 20 +1.06%, USD 3.3m

Another lack luster day in Nairobi from an activity point of view as value traded amounted to $3.3m. On a positive note, the market managed toclose higher again with the NSE 20 index gaining 1.06% as Equity Bank continued it's surge higher as the counter gained 5.3% to close at KES 34.75 on the back of foreign demand. Safcom drove activity as 5.56m shares traded in the telco. Kenya Airways rose 1.9% as the Business Daily reported that Kenya Airports Authority got a second caterer (LSG Sky Chefs) for the Jomo Kenyatta International Airport, cutting monopoly for NAS Servair.

Mauritius: Semdex +0.12%, USD 1.89m

Activity increased in Port Louis today as value traded amounted to USD 1.89m as banking giant MCB drove turnover with 101k changing hands in the name thanks to a few crosses. SBM was fairly active as 9.46m shares traded while 25k shares traded in NMH. There was a large cross (foreign) in CFS where 1.7m shares changed hands at Rs8.14.

Nigeria: ASI +0.72%, USD 39.6m

A mammoth cross of 2m Nestle at N1,170 early in the session got things going as value traded amounted to a pleasing $39.6m. Other big contributors towards turnover came in the form of First Bank ($7.92m), Zenith Bank ($2.97m) and Guarnaty Trust Bank ($2.62m). Banking stocks continued to come under the whip as the Index fell -1.82% with UBA (-5.95%) and Zenith (-3.43%) being the major drags on the sector. Consumers also ended the day lower with the Index falling -0.16% with Dangote Flour falling -2.26%. DangCem however managed to prop the market higher with the heavyweight gaining +4.91%.

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

South Africa: Top 40 -0.08%, USD 949m

The JSE ended the day lower with the Top 40 Index falling 0.08% to close at 41,132 while value traded amounted to USD 949m. Resources were the day's biggest losers with the Index falling 0.72% followed Industrials which fell 0.15% while Financials gained 0.97%. The Rand was trading at 10.61 and 14.44 to the USD and EUR respectively by the time local markets closed.

Zimbabwe: Industrials +0.53%, Mining unch, USD 560k

The ZSE was in its first gain in the new year powered by a selection of market heavies that were on a rebound amongst them BAT, Econet, OKZIM and Delta. The Industrial Index was up +0.53% at 201.52pts, its first gain since the turn of the new year while the Mining Index was flat at 44.08pts as all constituent stocks in the cluster saw no trades. Volumes traded for the day dipped -1.74% to 3.99m as dominating contruibutions came from CBZ 26%, AICO Africa 15% and Dawn 13%. Value traded for the day fell -23.93% to $0.56m with Delta CBZ and BAT emerging the favorites for the day having accounted for 33%, 27.8% and 12% respectively.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.61

-1.17

Nigeria

NGN

159.35

+0.60

Kenya

KES

87.00

-0.80

Mauritius

MUR

30.15

-0.33

Botswana

BWP

8.83

-0.70

Tanzania

TZS

1610.00

-1.24

Uganda

UGX

2538.48

-0.45

Rwanda

RWF

680.50

-0.66

Ghana

GHS

2.35

+1.00

BRVM

XOF

485.25

-1.02

Egypt

EGP

6.95

-0.15

Morocco

MAD

8.25

-0.81

Tunisia

TND

1.65

-0.63

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