Movers & Shakers: January 16, 2014


Botswana: DCI +0.03%, USD 89k

Another dull day in Botswana with mild action in Barclays (543t) and Stanchart (1175t) about the only activity.

Egypt: EGX 30 -0.76%, USD 108m

The Egyptian market witnessed some minor profit booking after the market saw a notable rally. The EGX30 ended the day down 0.76% to close at 7,143.62 points. Volumes were relatively weak compared to recent market turnovers, as the market traded a total turnover of USD 108m. The market witnessed some profit booking mainly lead institutional investors (local, GCC, and international) targeting names such as ESRS, TMGH, and COMI leaving each to end the day down 1.81%, 1.31, and 1.05% respectively. Retail investors ended the day as notable buyers targeting names such as AIND, OTMT, and HRHO leaving each to end the day up 4.44%, 3.92% and 1.11% respectively.

Kenya: NSE 20 -0.74%, USD 6.6m

The Nairobi bourse remains active yet we saw the index give back some gains today as foreign participation was reduced. Local action on both sides of CFC Stanbic was about the only really notable action while Foreign participation on both sides of Safcom saw the name soften to KES 11.50. The banks were much quieter than normal with KCB rising by 50bps to KES 45.75 while Equity Bank lost 76bps to KES 32.75.

Mauritius: Semdex +0.17%, USD 1.18m

Crosses in MCB and SBM helped boost activity today as 58k shares and 10.50m shares traded in the names respectively while total value traded amounted to USD 1.18m. MCB and SBM accounted for 65% of the day's turnover and as such there was not much else on the go. There is a public holiday in Mauritius tomorrow and the market will therefore be closed.

Nigeria: ASI + 0.31%, USD 24.4m

Activity slowed down in Lagos today as value traded amounted to $24.4m. There were however still a few large crosses that dominated proceedings with Zenith ($3.98m), WAPCO ($3.02m), First Bank ($2.42m) and Oando ($1.84m) leading the way. Banks (+0.77%) closed the day stronger as Zenith (+4.12%) was also the star performer here while First Bank (+1.97%) put in a good showing. Consumers (+0.36%) also ended in the black as PZ Cussons (+1.95%) continues to rally while Unilever (+1.09%) and Nigerian Breweries (+0.72%) also closed firmer.

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

South Africa: Top 40 +0.71%, USD 1.43bn

The JSE ended the day higher with the Top 40 Index gaining 0.71% to close at 41,951 while value traded amounted to USD 1.43bn. Resources were the day's biggest gainers with the Index gaining 3.12% while Financials and Industrials fell 0.86% and 0.08% respectively. The Rand was trading at 10.92 and 14.87 to the USD and EUR respectively by the time local markets closed.

Zimbabwe: Industrials -0.01%, Mining -1.15%, USD 580k

A very quiet day in Harare as volumes dropped significantly as foreign investors generally quiet. The industrials index closed the day pretty much unchanged with a small loss in Econet (61.8c) the only real point to note. Delta closed unchanged at 140c albeit on very thin volumes.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.92

-3.98

Nigeria

NGN

159.35

+0.60

Kenya

KES

85.76

+0.63

Mauritius

MUR

30.35

-0.99

Botswana

BWP

8.96

-2.45

Tanzania

TZS

1612.50

-1.40

Uganda

UGX

2498.00

+1.16

Rwanda

RWF

677.51

-0.22

Ghana

GHS

2.38

-0.21

BRVM

XOF

485.11

-1.03

Egypt

EGP

6.96

-0.21

Morocco

MAD

8.25

-0.79

Tunisia

TND

1.64

-0.22

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