Movers & Shakers: June 20, 2014


Botswana: DCI +0.05%, USD 557k

Letshego (unch, 225t) was the major traded stock for the second consecutive day with very little trading taking place outside of this name.

Egypt: Closed today

Kenya: NSE 20 +0.54%, USD 11m

Turnover fell slightly as foreign participation was much reduced with foreigners notably switching from the sell side to the buy side. Safcom and KNCB were the 2 most active stocks with both names closing unchanged at KES12.80 and KES49.75 respectively. Both names saw a couple of crosses go through. A cross in KNOC (local seller, foreign buyer) was also a big part of today’s activity while Equity Bank finally showed signs of the rally ending as it shed 60bps to KES44.25.

Mauritius: Semdex +0.29%, USD 2.28m

Some chunky action in the normally illiquid UBP (-30bps, Rs82.50) was the bulk of the turnover in a generally quiet session. In the Sem-7 we saw losses for MCBG (-46bps, Rs216) and Terra (-54bps, Rs36.80) while a couple of stocks increased slightly. .

Nigeria: ASI +0.15%, USD 27.4m

A mixed bag in Lagos to end the week. Banks fell by 68bps with GTB leading the fall (-2.93%, N28.83). GTB also lead the trading activity as the name saw some decent two way flow ($4.1m). The consumers rose by 38bps with NB (+91bps, N166.50) continuing its run of 1 good day followed by 1 bad day. Nestle saw some chunky crossing as the name closed unchanged at N1050. Oando’s rally shows no signs of ending as it gained another 10% to N30.37, again on big volumes. Also strong today was Transcor which rose by 5% to N4.89 on big volumes.

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

Zimbabwe: Industrials +1.37%, USD 1.2m

A strong end to the week in Harare with the large caps once again leading the rally. Delta gained a further 2.49% to 124.01c while Econet rose by 68bps to 74c. Innscor rose by 2.58% to 80.01c and is now above its 2014 opening price. Foreign participation still remains woefully low.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.71

- 2.04

Nigeria

NGN

162.85

-.1.57

Kenya

KES

87.30

-.1.15

Mauritius

MUR

30.32

-.0.91

Botswana

BWP

8.86

+.1.28

Tanzania

TZS

1684.00

-5.58

Uganda

UGX

2590.00

-2.43

Rwanda

RWF

680.50

-0.66

Ghana

GHS

3.12

-24.00

BRVM

XOF

486.03

-1.19

Egypt

EGP

7.15

-2.82

Morocco

MAD

8.23

-0.95

Tunisia

TND

1.67

-1.60

contacts
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  • South Africa +27 11 268 5833