Movers & Shakers: January 08, 2014


Botswana: DCI +0.06%, USD 1.51m

Much better day in Bots today as value traded amounted to USD 1.51m thanks to a cross of 5m Letshego at 235t, this accounted for 90% of today's turnover.

Egypt: EGX 30 +1.27%, USD 105m

The market managed to gain positive momentum supported by notable buying accumulation from institutional investors(local, international and GCC), leaving the EGX30 to end the day up 1.27% to close at 6,887.48 points. Market volumes continued to improve significantly. The market traded a total turnover of USD 105m. Despite clashes today between supporters of deposed president Morsi and security forces during the former president's trial, the market witnessed a strong day mainly lead by institutional investors, who have been static lately, in names such as HRHO. PHDC and ESRS managed to regain notable buying accumulation leaving each to end the day up 4.94%, 1.90%, and 2.73% respectively.

Kenya: NSE 20 +0.36%, USD 5.2m

Activity managed to pick up today as value traded amounted to $5.2m thanks to foreign activity in EABL ($2.44m) and Safcom ($885k). Safcom continues to rally on foreign demand with the telco gaining 2.3% to close at KES 11.35. There was finally some form of profit taking in Equity Bank (-1.4%) with the counter closing at KES 34.25. Centum, ARM Cement, Britam and National Bank all posted good gains. Investors seemed to like the positive news about a slightly lower levy than what was proposed by the Mining Ministry in 2013.

Mauritius: Semdex +0.08%, USD 2.21m

Activity continued to increase today as value traded amounted to USD 2.21m. The two major banking stocks MCB and SBM drove turnover and together accounted for 64% of value traded thanks to a few decent sized crosses as 109k shares and 17.9m shares changed hands in the names respectively. Not much on the go in NMH as 25k shares traded.

Nigeria: ASI +0.06%, USD 23.9m

It was a fairly decent day in Lagos as value traded amounted $23.9m. Banking stocks continue to come under pressure with the index falling -1.41% as tier-1 banks UBA (-3.39%), First Bank (-3.11%) and Zenith Bank (-2.91%) dragged the sector lower. Banking stocks also drove activity as Zenith Bank ($4.1m), Guaranty Trust Bank ($3.58m) and First Bank ($3.27m) were amongst the most active. Consumers (-0.09%) closed slightly lower with UACN (-4.76%), PZ Cussons (-2.24%) and Guinness (-1.04%) amongst the worst performers. DangCem (+2.13%) once again helped push the ASI into positive territory.

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

South Africa: Top 40 -0.41%, USD 853m

The JSE closed the day lower with the Top 40 Index falling 0.41% to close at 40,962 while value traded amounted to USD 853m. Financials were the days biggest losers with the Index falling 0.62% followed by Industrials and Resources which fell 0.49% and 0.01% respectively. The Rand was trading at 10.71 and 14.58 to the USD and EUR respectively by the time local markets closed.

Zimbabwe: Industrials +0.20%, Mining -1.75%, USD 2.87m

The market saw a second successive gain for the main stream Industrial Index in a session highlighted by the significant improvement in activity. The industrials added +0.2% and closed the day at 201.92pts buoyed by firming demand in beverages manufacturers Delta that posted a +1.01% rise to 140c. On the other hand the resources Index went the other way shedding -1.75% on yesterday’s outturn to close at 43.31pts. Reflective of the improved activity the the value of trades more than quadruple closing just shy of the $3m mark at $2.87m with Delta and Econet taking the lion’s share of the trades at respective contributions of 62% and 20% of total value traded. Active stocks totaled twenty nine that yielded a volume of 7.9m shares from the trades registered which was up 98% on yesterday. The contribution of foreign investors was subdued as purchases at $708,104 were 24% of the total value though it represented a 242% improvement in absolute value contributed while foreign outflows amounted to $0.54m.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.71

-2.11

Nigeria

NGN

159.63

+0.42

Kenya

KES

86.75

-0.52

Mauritius

MUR

30.38

-1.09

Botswana

BWP

8.84

-1.18

Tanzania

TZS

1614.00

-1.49

Uganda

UGX

2518.00

+0.36

Rwanda

RWF

679.50

-0.52

Ghana

GHS

2.36

+0.53

BRVM

XOF

485.00

-1.00

Egypt

EGP

6.95

-0.15

Morocco

MAD

8.25

-0.83

Tunisia

TND

1.65

-0.59

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