Movers & Shakers: July 09, 2014


Botswana: DCI +0.02%, USD 304k

There was an increase in activity today as value traded amounted to USD 304k thanks to a cross in Letshego (686k shares) while the rest of the market was quiet.

Egypt: EGX 30 +0.79%, USD 87m

The Egyptian market managed to maintain its fifth day of closing in the greens. The EGX30 gained 0.79% to close at 8495 points on below average volumes of EGP624 million. Institutional investors continued to support the market, with foreigners ending as net buyers worth EGP127.3 million, targeting COMI (+0.72%) and SKPC (+1.82%). PHDC (+0.48%) board approved to negotiate a EGP2.4 billion loan to expedite the construction of projects under development. MNHD (+2.97%) considered investment options for EGP550 million loan proceeds. Local retail posted marginal profits in OTMT (-1.57%), CCAP (-1.23%), OCDI (-2%), and EGTS (-1.69%) after the market failed to breach the 8600 level.

Kenya: NSE 20 +0.35%, USD 9.13m

Activity declined in Nairobi but it was not a bad day as value traded amounted to $9.13m with foreigners still dominating proceedings. There was a large cross in EQBNK early in the session with foreigners on both sides as a total of 9.79m shares traded over the day. KNCB was fairly active as 2.08m shares traded in the counter with foreigners (86.9%) dominating purchases. A large local cross in the usually illiquid ICDC boosted activity in the name as a total of 2.16m shares traded Safcom was unfortunately rather quiet as only 6.32m shares traded in the telco.

Mauritius: Semdex -0.40%, USD 3.54m

Large crosses in SBM (43m shares) and MCBG (199k shares) completely drove activity today as total value traded amounted to USD 3.54m. The rest of the market was rather quiet as only 23k NMH traded.

Nigeria: ASI +0.41%, USD 14.1m

Absolutely dead quite in Lagos today as value traded amounted to a very dull $14.1m with no major crosses to mention. The most active names came in the form of FBNH ($1.84m), Oando ($1.71m) and GTB ($1.54m). Banks (+0.40%) closed the day higher thanks to strong moves in GTB (+1.45%) and ETI (+0.82%). Consumers (+0.63% also had a good day with gains in PZ Cussons (+2.65%) and NB (+1.28%) pushing the sector higher.

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

Zimbabwe: Industrials +0.50%, USD 2.91m

There was another large cross in OK Zim of 10.05m shares ($1.81m) which drove activity today as total value traded improved to USD 2.91m. There was also some action in Econet ($503k) and Delta ($277k). The market closed the day higher with the Industrial Index gaining +0.50%.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.70

-1.88

Nigeria

NGN

162.40

-132

Kenya

KES

87.65

-1.54

Mauritius

MUR

30.25

-0.66

Botswana

BWP

8.84

-1.09

Tanzania

TZS

1670.00

-4.79

Uganda

UGX

2660.00

-5.00

Rwanda

RWF

680.50

-0.62

Ghana

GHS

3.47

-31.56

BRVM

XOF

483.90

-0.77

Egypt

EGP

7.15

-2.84

Morocco

MAD

8.22

-0.43

Tunisia

TND

1.69

-3.22

contacts
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  • South Africa +27 11 268 5833