Movers & Shakers: January 12, 2015


Botswana: DCI +0.01%, USD 250k

Small paltry trades continue to plague the bourse

Kenya: NSE 20 +0.20%, USD 3.0m

Another dull day in Nairobi as investors (both foreign and local) remain cautious in the wake of the confusion surrounding the new CGT rules. The 2 most active stocks were EABL (-1.3%, KES306.00) and Equity Bank (unch, KES49.00). There was also mild action in Safcom (+70bps, KES13.85), NICB (unch, KES63.00) and BCBL (-2.7%, KES15.95) although the market remains extremely quiet.

Mauritius: Semdex -0.30%, USD 1.19m

PBL had a very strong day, as the name closed at an all time high of Rs248(+2.3%), buoyed by foreign demand. MCBG declined by 0.3% to close at Rs195 while its banking counterpart SBM, continues to remain firm at Rs1.01. LUX gave up 1.3% of its Friday gains to close at Rs59 on the back of 20.7K shares traded. On a positive note, tourist arrivals for 2014 increased +4.6%.

Nigeria: ASI +0.30%, USD 19.89m

A sluggish start to the trading week in Lagos as turnover amounted to $19.89m thanks mostly to some large crosses in Zenith ($8.39m) as 96m shares changed hands in the name. There was also some action in DangCem ($1.77m), NB ($1.48m) and Nestle ($1.20m). Banks continued to come under pressure as the sector closed -1.93% lower thanks to ETI (-4.98%), GTB (-2.68%) and Zenith (-2.62%). Consumers (-1.91%) were also weak as Nestle (-5.00%), Glaxo (-4.98%) and NB (-1.77%) dragged the sector lower. Market heavyweight DangCem managed to close +4.88% higher.

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

Zimbabwe: Industrials +0.25%, USD 482k

The Harare bourse opened the week on low volumes, with Barclays gaining 11.1% on a volume of 137,002 shares, to close at 3c. Also among the notable gainers was Innscor (+2.7%) and Delta (0.0%), each trading 53,360 and 288,101 shares, closing at 57c and 106.03c respectively.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

11.52

+0.39

Nigeria

NGN

183.05

+0.22

Kenya

KES

91.20

-0.66

Mauritius

MUR

32.17

-1.31

Botswana

BWP

9.54

-0.33

Tanzania

TZS

1733.00

unch

Uganda

UGX

2865.00

-3.28

Rwanda

RWF

694.20

-0.63

Ghana

GHS

3.25

-1.07

BRVM

XOF

558.05

-2.87

Egypt

EGP

7.14

+0.04

Morocco

MAD

9.24

-1.78

Tunisia

TND

1.89

-1.51

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