Movers & Shakers: July 14, 2014

Botswana: DCI +0.02%, USD 78k

Nothing to report in Gaborone as value traded amounted to a paltry USD 78k.

Egypt: EGX 30 +1.28%, USD 55m

A positive close for the Egyptian market, but on weak momentum. The EGX30 gained 1.28% to end the day at 8508 points on low volumes of USD 55m. COMI rallied 2.57% to reach a high of EGP37.99/share for the day. High-beta names were the most active, such as OTMT (+3.25%), AMER (+2.19%), and PHDC (+1.22%). OCDI (+2.56%) approved increasing capital by EGP1 billion through a tradable rights issue. AMOC (+0.95%) revenue gained 3% to EGP8.69 billion, while net profit plummeted 14% to EGP701.1 million. MOIL (+1.9%) was not affected by energy price increases given that fuel needs are secured at international prices.

Kenya: NSE 20 -0.50%, USD 3.4m

A very dull start to the week in Nairobi with local participants still heavily dominant as the ATS system struggled. The usual suspects were still the most traded stocks though. Safcom fell slightly to KES 12.35 and was also by far the most active stock accounting for almost half the total volume. Equity Bank reversed some of last week’s softness by rising to KES 44.50 while KNCB tagged along for the ride and rose to KES 51.50. EABL was very quiet and closed at KES300.

Mauritius: Semdex -0.24%, USD 730k

Nothing exciting to start the week in Port Louis as value traded amounted to USD 730k as it was slow going in MCBG (28k shares) and SBM (2.73m shares). There was a small bit of activity in Innodis as 100k shares traded in the name. Banking stocks ended the day mixed with MCBG falling -1.06% while SBM closed unchanged.

Nigeria: ASI +0.24%, USD 38.7m

After a very subdued start the session livened up as the day progressed thanks to the return of some chunky crosses. Today saw decent activity in FBNH ($15.7m), Unilever ($5m) and GTB ($4.4m) while names like Zenith, Nestle, NB and Oando were also fairly active. The banks ended the day up 1.22% mostly on the back of a late surge in GTB (+3.44%, N31). Consumers were slightly soft with weakness exhibited in Guinness (-2.68%, N199.50), Unilever (-2.45%, N50.24) and PZ (-2.04%, N36). Oando and Transcor both remain heavily traded closing at N27.97 and N5.78 respectively.

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

Zimbabwe: Industrials -0.04%, USD 1.39m

It was a decent day in Harare to get things going for the week as value traded amounted to USD 1.39m thanks to a cross in BAT ($762k). Elsewhere there was some action in Econet ($202k) and Innscor ($122k) while only 56k Delta traded. The market closed the day lower with the Industrial Index falling -0.04%.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.70

-1.96

Nigeria

NGN

162.29

-1.23

Kenya

KES

87.73

-1.62

Mauritius

MUR

30.28

-0.76

Botswana

BWP

8.84

-1.09

Tanzania

TZS

1662.00

-4.33

Uganda

UGX

2648.50

-4.59

Rwanda

RWF

680.49

-0.66

Ghana

GHS

3.37

-29.63

BRVM

XOF

481.63

-0.31

Egypt

EGP

7.15

-2.84

Morocco

MAD

8.22

-0.70

Tunisia

TND

1.70

-3.71
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