Country
|
Notation
|
Currency
|
|
---|---|---|---|
South Africa
|
ZAR
|
8.4422
|
|
Nigeria
|
NGN
|
162.645
|
|
Kenya
|
KES
|
85.45
|
|
Mauritius
|
MUR
|
30.15
|
|
Botswana
|
BWP
|
7.7791
|
|
Tanzania
|
TZS
|
1587
|
|
Uganda
|
UGX
|
2493
|
|
Rwanda
|
RWF
|
609.2114
|
|
Ghana
|
GHS
|
1.9255
|
|
BRVM
|
XOF
|
526.9104
|
|
Egypt
|
EGP
|
6.043
|
|
Moroccan
|
MAD
|
8.8529
|
|
Tunisia
|
TND
|
1.6127
|
The market ended the day unchanged. Turnover stood at USD 163k. BIHL traded flat at 1026t on 44,521 shares. 89,925 FNBB traded at 290t. Primetime traded level at 190t.
The market managed to end the day in positive territory, regaining some of the loses witnessed recently, the EGX30 ended the day up 1.24%, to close at 4,448.84 points. Volumes have improved in comparison to earlier this week, with a total turnover of USD 28M. Despite the negative sentiment cascading over the market, Local and Foreign institutions ended the day as net-buyers, this was mainly triggered by the news that OTMT proposed a DPS of EGP1.05, which is expected to generate liquidity across the market. OCIC bucked the general trend towards the close, to last trade at EGP244.05, despite analysts positive outlook on its fertilizer LoB in Q2.
Investor mix:
• Foreigners were net Buyers by 4.938 mn EGP and were 25.03% of the market.
• Egyptians were net Buyers by 1.673 mn EGP and were 66.14% of the market.
• Arabs were net Sellers by 6.612 mn EGP and were 8.83% of the market.
• Institutions were net Buyers by 1.59 mn EGP and were 35.39% of the market.
• Retail were net Seller by 1.59 mn EGP and were 64.60% of the market.
As was the case with the rest of our universe it was slow going in Kenya today although it was much improved and the index advanced +0.65%. Foreign players dominated the buy side, accounting for 75% of the activity while locals accounted for 72% of all sells. BAMB (local support) was the name that was most in favour with investors today, receiving +4.73% boost. The activity that did take place was accounted for by the blue chip names, EABL, EQ, KNCB and Safcom with foreigners accounting for most of lifting.
The market traded in negative territory with the Semdex down 0.17% and the Sem-7 down 0.20%. IBL increased by 0.64% to end the day at Rs79. NMH lost 1.43% at Rs69. ENL Land dropped 0.76% at Rs39 and Rogers traded 0.31% lower at Rs324. Innodis fell by 1.15% to Rs43. MCB and SBM were unchanged at Rs168 and Rs82.50 respectively. The Demex gained 0.71% to 151.54pts. More than half of the DEM's turnover was geared toward DRBC with a total of 161,2k shares trading in the name 4.36% higher at Rs33.50.
Another day in Nigeria where the markets struggled to get out of the starting blocks with only $8.4m trading in the session, by mid-day the exchange in Lagos had barely reached $2m and this pace didn’t ever really improve. Of the bigger banks only ETI managed to close in the black +1.57% while just about all the other banks were coloured in red, Diamond and FCMB were the hardest hit. The cement sector was were all the strength came from, heavy weight DangCem +2.37%, Ashakace +4.91% and CCNN +4.93%. From the food and bev sector DangF -5% had a tough day. We see no reason for the activity and conviction to return to the market in the short term.
The JSE ended the day higher with the Top 40 Index gaining 0.76% to close at 29,882 while value traded amounted USD 1.49bn. Resources were the day's biggest gainers with the Index gaining 0.94% followed by Financials and Industrials which gained 0.78% and 0.63% respectively. The Rand was trading at 8.44 and 10.49 to the USD and EUR respectively by the time local markets closed.
Rather quiet in Lusaka today with value traded amounting to USD 13k. The names that traded included CECZ, LAFA, PUMA, SCBL, ZNCO and ZSUG. LAFA was the biggest contributor towards turnover with value traded in the name amounting to USD 7k. SCBL was the second biggest contributor towards turnover with value traded in the name amounting to USD 3k.
The Industrial index lost 0.50% to 132.60pts while the mining index was steady at 83.59pts. Market turnover stood at $2.5m spurred by local buying in Econet, Hippo and Innscor. CBZ led the losers easing a further 0.50c or 4c for the third consecutive session. Banking stocks took the take the limelight albeit for the wrong reasons after Interfin Holdings was suspended from trading following the placing under curatorship of their flagship Interfin banking corporation and their failure to publish their December 2011. Profit taking in Natfoods saw the group eases 5c or 4% to 120c as Delta and Seedco gave in to selling pressure losing 1c and 2c to 66c and 83c respectively. Fidelity lost 2.73% to a 52-week low of 10.7c. ZHL increased by 25% to 1.25c