Movers & Shakers: January 15, 2014


Botswana: DCI +0.18%, USD 261k

A very dull day in Gaborone as the bulk of the volumes took place in a little known stock called Luc. Choppies saw a small cross of 200k shares at 360t as the name continues to rally.

Egypt: EGX 30 +0.03%, USD 116m

The market managed to end the day in the positive territory, with the EGX30 up 0.03% to close at 7,198.53 points. Market volumes were slightly lower than recent market turnovers, with shares worth USD 116m changing hands. The market started the day with notable positive sentiment lead by buying accumulation from local retail investors targeting names such as OTMT(+8.51%), AIND(+3.45%), and GTHE(+0.60%) leaving the EGX30 to reach a high of 7,238.50 points. However, institutional investors managed to pressure the market as net sellers targeting names such as TMGH, JUFO, and HRHO with each ending the day down 1.15%, 1.55%, and 0.28% respectively.

Kenya: NSE 20 +0.71%, USD 8.6m

Foreign investors turned net buyers thus pushing the index higher while overall turnover remains upbeat. The large banks were both under selling pressure especially from local investors while foreign participants remain heavily on the buy side. KCB fell by 1.6% to KES 46.00 while Equity bank lost 2.2% to KES 33.00. Safcom was led higher by foreign buyers as the name closed up 40bps at KES 11.70. EABL had a very quiet day and closed at KES 290.

Mauritius: Semdex +0.12%, USD 750k

Activity slowed down in Port Louis today as value traded amounted to USD 750k. MCB once again drove activity as 47k shares traded with the counter hitting another record high of Rs217.00 while SBM also managed to close higher at Rs1.05. Nothing on the go in NMH as only 600 shares traded.

Nigeria: ASI + 0.41%, USD 34.9m

It was an impressive day in Lagos after the public holiday as value traded amounted to $34.9m with large crosses in the likes of Flour Mills ($7.14m), Nestle ($4.17m), Oando ($2.94m) and ETI ($2.45m) driving activity. Banks (+0.63%) closed the day firmer with tier-1 banks Zenith (+2.56%) and Access (+2.04%) driving the sector higher while tier-2 bank Diamond (+3.25%) also performed exceptionally well. Consumers (+0.95%) also closed the day higher thanks to PZ Cussons (+1.93%), IntBrew (+1.69%) and Nestle (+1.64%).

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

South Africa: Top 40 +1.10%, USD 1.16bn

The JSE ended the day higher with the Top 40 Index gaining 1.10% to close at 41,657 while value traded amounted to USD 1.16bn. Resources were the day's biggest gainers with the Index gaining 1.88% followed by Industrial and Financials which gained 0.85% and 0.44% respectively. The Rand was trading at 10.89 and 14.80 to the USD and EUR respectively by the time local markets closed.

Zimbabwe: Industrials -0.41%, Mining -8.58%, USD 1.49m

After a strong start to the year we saw the Industrials index give back some of these gains today. Marginal weakness in the market heavyweights Econet and Delta were the main drags on the index. Econet slipped by 1.59% to 62c while Delta fell by 71bps to 140c yet demand remains quite strong in both stocks. The Mining index has had a woeful start to 2014 although this must always be taken with a pinch of salt due to the minimal volumes that actually trade in the index. Today also saw a massive drop in foreign buying while foreign selling remains high.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.89

-3.69

Nigeria

NGN

159.37

+0.58

Kenya

KES

85.88

+0.49

Mauritius

MUR

30.25

-0.66

Botswana

BWP

8.95

-2.27

Tanzania

TZS

1617.00

-1.67

Uganda

UGX

2511.67

+0.61

Rwanda

RWF

674.87

+0.17

Ghana

GHS

2.40

-1.04

BRVM

XOF

485.42

-1.08

Egypt

EGP

6.96

-0.22

Morocco

MAD

8.25

-0.83

Tunisia

TND

1.65

-0.75

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