Movers & Shakers: June 03, 2014

Botswana: DCI +0.821%, USD 5.7m

Another big day in Gaborone today as some chunky crossing in Choppies (420t) and FNBB (360t).

Egypt: EGX 30 -0.65%, USD 88m

Egypt got hit again in spite trading in the greens most of the session to reach a high of 8,114.44 points, supported by positive appetite from local retail. The EGX30 ended the day down 0.65% to close at 7,963.37 on below average volumes of USD 88m. The rally was short lived as investors continue to sell the fact ahead of the announcement of the election results adding to this the confusion created by the new capital gain tax which some saw as a sign of the beginning of austerity measures. Local institutions stepped in the market as aggressive sellers in the last 90 minutes of trading, targeting names such as TMGH, ESRS and COMI leaving each to end the day down 3.31%, 1.94% and 0.72% respectively. Names such as SKPC, JUFO and SWDY managed to trade against the general market sentiment, leaving each to end the day up 4.04%. 1.80% and 0.49% respectively.

Kenya: NSE 20 -0.30%, USD 21.73m

An extremely active day after the long weekend with value traded amounting to $21.73m as foreigners accounted for 90.77% of purchases and 80.21% of sales. Foreign crossing dominted proceedings in Safcom as 44.05m share changed hands in the relco. Two large crosses in SCAN ($6.30m) drove proceedings in the name with the counter falling -1.05%. EQBNK was also very active as 6.82m shares traded while 691k shares traded in EABL.

Mauritius: Semdex +0.10%, USD 6.5m

Some chunky action in Mauritius today led by large crossing in the likes of NMH (+30bps, Rs83.50), UBP (-1.20%, Rs82.00) and SBM (unch, Rs1.06) while MCBG (+11bps, Rs220.25) also saw some decent action.

Nigeria: ASI -0.25%, USD 34.7m

Things slowed down in Lagos today but it was still rather active with value traded amounting to $34.7m. Crosses in the likes of GTB ($3.93m), Zenith ($3.61m) UACN ($2.80m), FBNH ($2.64m) and NB ($2.43m) drove proceedings. Profit taking continued in banking stocks today with the Index falling -1.01% as FBNH (-4.82%) and ETI (-4.39%) were the biggest drags on the sector. Consumers (+0.15%) managed to close in positive territory with good performances from 7UP (+4.90%), Cadbury (+2.64%) and Guinness (+1.30%).

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

Zimbabwe: Industrials +0.70%, USD 1.18m

It was a much better day in Harare as value traded amounted to USD 1.18m thanks to some action in Delta ($400k), FBC ($233k) and CBZ ($190k). The market closed the day higher with the Industrial Index gaining +0.70%.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.73

-2.22

Nigeria

NGN

162.51

-1.36

Kenya

KES

87.60

-1.48

Mauritius

MUR

30.12

-0.25

Botswana

BWP

8.86

-1.27

Tanzania

TZS

1650.00

-3.64

Uganda

UGX

2533.00

-0.24

Rwanda

RWF

681.00

-0.73

Ghana

GHS

3.10

-23.39

BRVM

XOF

484.47

-0.89

Egypt

EGP

7.15

-2.85

Morocco

MAD

8.24

-0.71

Tunisia

TND

1.63

+0.95
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