Movers & Shakers: June 11, 2014


Botswana: DSE +0.23%, USD 1.37m

Today was all about Sechaba as a foreign cross (2300t) dominated the market. Outside of this virtually nothing happened.

Egypt: EGX 30 -0.31%, USD 153m

Egypt managed to regain momentum following the MSCI stating that it is no longer considering revoking Egypt's emerging market status. The EGX30 rallied 1.65% on higher-than-average volumes of EGP1.09 billion, heading toward the previous high of 8800. COMI was up 3.12% and TMGH gained 3.55%, both on twice the three-month average volume, driven by foreign institution buying appetite. HRHO and CIEB both traded against market sentiment losing 0.07% and 0.69% respectively. The real estate sector continued to outperform the market, with OCDI up 7.04%, HELI 9.68%, and MNHD 5.99%. Worth pointing out, foreigners ended the day as the sole net buyers by EGP64mn

Kenya: NSE 20 +0.07%, USD 9.8m

Foreign activity was once again heavily skewed to the buy side. Unusually, the most active stock was Britam which saw a large cross (local seller, foreign buyer). Outside of this, Equity Bank reversed some of yesterday’s gains as the name shed 1.2% to KES 42.75 while KNCB inched higher to KES 50.00. Safcom was strongly bid throughout the day and closed up 40bps at KES 12.90 while EABL also closed higher at KES 289.

Mauritius: Semdex -0.19%, USD 5.6m

Some chunky bookovers took place in Port Louid today in illiquid names such as Alteo (unch, Rs34.50) and Terra (unch, Rs36.60) while the newly listed Lottotech was also active as it closed at Rs11.90.

Nigeria: ASI +0.29%, USD 24m

After a really dull start the market picked up as the session progressed. Banks gained 61bps with strength in GTB (+1.34%, N30.91) and UBA (+1.65%, N8.03) the main reasons for the outperformance. The rest of the names were mostly unchanged. Consumers slipped by 64bps with NB (-56bps, N179) and Nestle (-93bps, N1070) both dropping on good volumes. Unilever and UACN were also soft although on light volumes. Oando ended the day unchanged at N20.10 on good volumes.

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

Zimbabwe: Industrials +0.29%, USD 1m

The Industrials index inched higher as volumes also improved. Innscor continues to rally as it gained 2.7% to 75.51c while Econet remained unchanged at 71c after a decent cross in the telco. There was also a cross in Pearl Properties as the stock gained 5.69% to 2.6c.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.75

-1.67

Nigeria

NGN

164.40

-2.49

Kenya

KES

87.80

-1.71

Mauritius

MUR

30.28

-0.76

Botswana

BWP

8.89

+1.65

Tanzania

TZS

1685.00

-5.64

Uganda

UGX

2555.00

-1.10

Rwanda

RWF

683.78

-1.14

Ghana

GHS

3.14

-24.36

BRVM

XOF

487.71

-1.54

Egypt

EGP

7.15

-2.76

Morocco

MAD

8.28

-1.20

Tunisia

TND

1.65

+0.32

contacts
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