Movers & Shakers: January 17, 2014


Botswana: DCI +0.07%, USD 46k

Yet another dull day in Gaborone with mild activity in the normally illiquid Engen (845t) the only activity.

Egypt: Closed today.

Kenya: NSE 20 -0.05%, USD 7m

After a sprightly start we saw some weakness towards the close as the NSE 20 closed marginally softer. Activity is still dominated by local participants with foreign activity rather low. The lion’s share of today’s action took place in EABL with foreign investors active on both sides – the brewer closed unchanged at KES 289. There was a chunky cross in BATK (both sides local). The other large caps (Safcom, Equity Bank and KNCB) were all quiet with little foreign participation.

Mauritius: Closed today.

Nigeria: ASI + 0.03%, USD 27.3m

It was a solid enough end to the week in Lagos from an activity point of view as value traded amounted to $27.3m. Block trading once again drove activity with the likes of ETI ($2.55m), Oando ($2.53m), First Bank ($2.52m) and Zenith ($1.99m) driving turnover. Banks (+0.72%) closed the week on the front foot with tier-1 banks ETI (+2.41%) and Guaranty Trust Bank (+1.53%) driving the sector higher. Consumers (-0.28%) however closed lower with IntBrew (-1.69%) and Nestle (-0.85%) amongst the worst performers.

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

South Africa: Top 40 +0.06%, USD 1.76bn

The JSE ended the day higher with the Top 40 Index gaining 0.06% to close at 41,976 while value traded amounted to USD 1.76bn. Resources were the day's biggest gainers with the Index gaining 1.37% while FInancials and Industrials fell 1.17% and 0.46% respectively. The Rand was trading at 10.84 and 14.82 to the USD and EUR respectively by the time local markets closed.

Zimbabwe: Industrials -0.27%, Mining +0.41%, USD 1.82m

Market leaders and heavy cap Delta sufferd losses of 0.72% magnitude to weigh on the industrials index in the closing session of the week. The Industrial Index closed at 202.73pts effectively reducing its year to date gains to 0.3%. The beverages maker released its Q3 trading update in which volumes were relatively flat, while revenues went down 3% compared to prior year. lager beer volumes continue to weaken easing 25% relative to last year. The group cited the economy wide slump in consumer spending and activity as the major constraint to overall performance . The Mining Index however recovered 0.41% to 202.73pts as Hwange, the only counter in the segment to trade, gained 2.17% to 6.13c.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.84

-3.22

Nigeria

NGN

160.07

+0.14

Kenya

KES

85.96

+0.40

Mauritius

MUR

30.25

-0.66

Botswana

BWP

8.94

-2.06

Tanzania

TZS

1611.00

-1.30

Uganda

UGX

2496.25

+1.23

Rwanda

RWF

674.65

+0.20

Ghana

GHS

2.38

-0.42

BRVM

XOF

486.13

-1.23

Egypt

EGP

6.96

-0.19

Morocco

MAD

8.25

-0.94

Tunisia

TND

1.64

-0.07

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