Movers & Shakers: June 27, 2014

Botswana: : DCI +0.12%, USD 905k

Not a bad day in Gaborone as value traded amounted to USD 905k thanks to a cross in Turnstar (4m shares).

Egypt: Closed for the day.

Kenya: NSE 20 -0.46%, USD 14.2m

Very solid day to end the week with value traded amounting to an impressive $14.2m thanks to an increase in foreign participation (79.4%). A large foreign cross in EABL was the main talking point of the day as a total of 1.94m shares traded in the name with the brewer closing at 289 (+2.1%). Foreign demand drove Safcom higher (+0.4%) as a total of 22.85 shares changed hands. Equity Bank touched a 52 week high of KES 46. Media reports indicate that the bank sold a loan agreement it had with Nairobi County to KCB Bank. Nairobi County will be repaying the loan to KCB at an interest rate of 13% as opposed to the higher rate of between 14.7% and 18.5% it was repaying Equity Bank.

Mauritius: Semdex +0.09%, USD 650k

A slow day to end the week in Port Louis as turnover dried up to USD 650k with MCBG (24k shares) the only name worth mentioning.

Nigeria: ASI +1.10%, USD 30.8m

There was an increase in activity today with value traded amounting to $30.8m, but this should however be taken with a pinch of salt as a mammoth local bookover of 100m shares in FBNH drove activity with total value traded in the name amounting to $13.03m. There was also some action in the likes of Oando ($3.50m), Nestle ($2.12m) and GTB ($1.92m). Banks managed to close slightly higher with the Index gaining +0.06% thanks to Access (+0.94%) and GTB (+0.42%). Consumers (+2.49%) had a very strong day thanks to Guinness (+5.70%), Unilever (+4.80%), Nestle (+4.69%), PZ (+2.86%) and IntBrew (+2.57%).

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

Zimbabwe: Industrials -0.68%, USD 770k

The mainstream index skid further in the closing session of the week paring 0.68% to 187.08 points. The weakness in the index was a culmination of softening demand in heavy cap Econet which touched a high of 74c in the previous week’s closing session before receding to close today’s call at 66.90c. Elesewhere value traded increased 75% to $0.77m.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.61

-1.14

Nigeria

NGN

163.10

-1.72

Kenya

KES

87.65

-1.54

Mauritius

MUR

30.30

-0.83

Botswana

BWP

8.81

-0.57

Tanzania

TZS

1656.00

-3.99

Uganda

UGX

2600.00

-2.81

Rwanda

RWF

680.00

-0.59

Ghana

GHS

3.39

-29.94

BRVM

XOF

484.01

-0.80

Egypt

EGP

7.14

-2.77

Morocco

MAD

8.23

-0.66

Tunisia

TND

1.68

-2.27
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