Movers & Shakers: January 13, 2014

Botswana: DCI +0.38%, USD 170k

Activity picked up in Gaborone today but still nothing to write home about as value traded amounted to USD 170k with FNB accounting for 91% of turnover.

Egypt: Closed for the day.

Kenya: NSE 20 -0.84%, USD 4.4m

Activity slowed down in Nairobi today with value traded amounting to $4.4m ahead of tomorrow's MPC meeting. The benchmark rate was held at 8.5% at the last meeting. Safcom was once again the driving force behind turnover as 19.46m shares changed hands in the telco with some form of profit taking as the name fell -0.9% to close at KES 11.65. There was a decent cross in Brtiam after Bloomberg released an article reporting that the company is interested in buying an asset manager.

Mauritius: Semdex -0.14%, USD 918k

Activity slowed down in Port Louis today as value traded amounted to USD 918k with MCB accounting for 62% of turnover. SBM was extremly quiet as 200k shares traded in the name while only 4k shares traded in NMH.

Nigeria: ASI -0.10%, USD 27.9m

With the market closed for a public holiday tomorrow, activity was fairly robust as value traded amounted to $27.9m. Crosses in Oando ($6.3m), Zenith ($3.95m) and WAPCO ($3.4m) drove activity. Banks (+0.09% ) managed to close the day in positive territory with UBA (+1.11%) being the best performer in the tier-1 sector while Access (-3.02%) came under some pressure. Consumers (-0.73%) ended lower with PZ Cussons (-1.89%), Flour Mills (-1.85%) and Nigerian Breweries (-1.13%) dragging the sector lower.

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

South Africa: Top 40 +1.07%, USD 1.15bn

The JSE ended the day higher with the Top 40 index gaining 1.07% to close at 41,269 while value traded amounted to USD 1.15bn. Resources were the day's biggest gainers with the Index gaining 1.27% followed by Financials and Industrials which gained 1.08% and 0.95% respectively. The Rand was trading at 10.73 and 14.65 to the USD and EUR respectively by the time local markets closed.

Zimbabwe: Industrials +0.08%, Mining unch, USD 3.26m

The week opening session did not disappoint with the mainstream industrials posting a 0.08% gain to 204.17pts as the equites market swims against the tide juxtaposed with the economy. Heavies Econet and Old Mutual inspired the gains with a upsurge of 0.79% and 0.63% to 63.5c and 242.01c respectively. The minings were unchanged at 41.97pts without a single counter trading in the resources cluster. Econet was the top counter by value contributing 50% of the stockturn. Foreign purchases were down 13% to $2.6m while foreign divestments eased 31% on prior levels to $1.8m.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.73

-2.29

Nigeria

NGN

159.51

+0.50

Kenya

KES

86.25

+0.06

Mauritius

MUR

30.20

-0.50

Botswana

BWP

8.86

-1.27

Tanzania

TZS

1621.00

-1.91

Uganda

UGX

2518.50

+0.34

Rwanda

RWF

674.42

+0.23

Ghana

GHS

2.34

+1.28

BRVM

XOF

483.59

-0.72

Egypt

EGP

6.95

-0.13

Morocco

MAD

8.23

-0.58

Tunisia

TND

1.65

-0.65
contacts
  • Bermuda +1 441 278 7620
  • South Africa +27 11 268 5833
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