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Movers & Shakers: July 22, 2014


Botswana: Closed Today

Egypt: Not available at time of writing

Kenya: NSE 20 -0.29%, USD 11.7m

A much more active day in Nairobi. The day started with a bang with a slightly suspicious yet chunky trade going through in BATK. After this normal activity resumed with EABL (unch, KES 295) and Safcom (-40bps, KES 11.95) the main recipients of this increased interest. The banks also witnessed a couple of crosses and we saw EqBnk close unchanged at KES45.75 while KNCB closed at KES53.75.

Mauritius: Semdex +0.21%, USD 1.18m

Market activity rebounded after yesterday’s debacle. The bulk of the action took place in Lux Island Resorts (-1.05%, Rs47.00). In the Sem-7 we saw gains for SBM (+94bps, Rs1.07), NMH (+29bps), Alteo (+29bps) and Ciel (+1.47%) while Terra fell by 27bps to Rs 36.90 and MCBG closed unchanged at Rs210.

Nigeria: ASI -0.28%, USD 25.1m

Local investors were once again heavily dominant trading in names like Oando (unch, N26), Transcor (-4.04%, N5.47) and Caverton which accounted for the lion’s share of the turnover. In normal trading the banks rose by 30bps with most names closing slightly in the green. Activity was highest in FBNH (+51bps, N15.70), GTB (+40bps, N30.13) and Access (+1.02%, N9.90). Consumers fell slightly with Intbrew down 5% after releasing results late last night. Consumers were rather quiet. The MPC committee announced the results of their meeting at the close with no surprises in terms of interest rates (unchanged at 12%).

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

Zimbabwe: Industrials +0.08%, USD 900k

Despite an uptick in market activity the Zimbabwean bourse remains extremely subdued. Action was heavily centered on Delta which inched higher to 125.01c and Econet which rose to 73c. outside of these two names there was nothing much happening.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.57

-0.79

Nigeria

NGN

162.45

-1.32

Kenya

KES

87.90

-1.82

Mauritius

MUR

30.40

-1.15

Botswana

BWP

8.81

+0.75

Tanzania

TZS

1663.00

-4.39

Uganda

UGX

2632.00

-3.99

Rwanda

RWF

689.00

-1.89

Ghana

GHS

3.70

-1.89

BRVM

XOF

490.17

-2.05

Egypt

EGP

7.15

-2.87

Morocco

MAD

8.32

-1.67

Tunisia

TND

1.72

-4.64

contacts
  • Bermuda +1 441 278 7620
  • South Africa +27 11 268 5833