Movers & Shakers: June 16, 2014


Botswana: DCI -0.05%, USD 446k

A cross in Sefalana (750t) accounted for almost 99% of the total turnover on a dull day in Gaborone.

Egypt: EGX 30 -1.53%, USD 128m

With the cabinet formation delayed profit-taking prevailed for the second consecutive day with the EGX30 down 1.53% on below-average volumes of EGP916 million. OCDI was up 3.52% on the back of its EGM approval of the capital increase. HELI maintained its rally, adding 1.38% to reach a six-year high of EGP43.20. Retail-driven names plunged, with OTMT down 3.73%, AMER down 4.90%, and EGTS 6.91%. Local institutions ended as net sellers by EGP23 million, targeting COMI (-1.18%), ESRS (-0.85%), HRHO (-2.41%), and GTHE (-2.85%).

Kenya: NSE 20 -1.00%, USD 3.8m

A very subdued session in Nairobi with foreign activity extremely low. The most active stock was the normally illiquid KenolKobil which saw a cross (local seller, foreign buyer) and accounted for the lion’s share of the total turnover. Equity Bank closed unchanged at KES 42.75 while KNCB barely registered a trade. Safcom fell slightly to KES 12.85 while EABL also softened slightly to KES 287.

Mauritius: Semdex -0.04%, USD 3.3m

Another active day on the Port Louis bourse. This time it was the turn of IBL (unch, Rs100.00) to show some chunky volumes while little traded Rockcastle Global Real Estate Company also traded big volumes. Normal trading was muted with MCBG and SBM both closing unchanged at Rs219 and Rs1.05 respectively.

Nigeria: ASI -0.16%, USD 12.2m

With South Africa on holiday we witnessed a frustratingly quiet trading day in Lagos. The bulk of the trading today took place in GTB which accounted for more than 25% of the total turnover (GTB closed up 1.09% at N31.60). Banks fell by 47bps with ETI the real faller as it lost 5% to N15.87 while most other names hugged their opening prices. Consumers slipped by 36bps with NB continuing to soften (-94bps, N173) although volumes in the sector were very quiet. Oando rose by 5% to N21 on decent volumes.

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

Zimbabwe: Industrials +0.17%, USD 970k

The Industrials index picked up where it ended last week as it continues to drive higher although volumes once again fell below the $1m mark. Innscor remains strong and gained a further 1.97% to 77c. Most of today’s action took place in Delta which witnessed a foreign cross at 117c (unchanged).

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.73

-2.22

Nigeria

NGN

162.65

-1.44

Kenya

KES

88.00

-1.93

Mauritius

MUR

30.45

-1.31

Botswana

BWP

8.87

+1.46

Tanzania

TZS

1685

-5.64

Uganda

UGX

2573

-1.79

Rwanda

RWF

680.00

-0.59

Ghana

GHS

3.14

-24.24

BRVM

XOF

484.46

-1.29

Egypt

EGP

7.15

-2.83

Morocco

MAD

8.27

-1.03

Tunisia

TND

1.65

-0.56

contacts
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  • South Africa +27 11 268 5833