Movers & Shakers: June 29, 2012


African Currencies as at GMT 15:30

 
Country
Notation
Currency
 
South Africa
ZAR
8.1853
 
Nigeria
NGN
162.75
 
Kenya
KES
84.20
 
Mauritius
MUR
30.65
 
Botswana
BWP
7.6511
 
Tanzania
TZS
1572
 
Uganda
UGX
2475
 
Rwanda
RWF
612.4253
 
Ghana
GHS
1.9388
 
BRVM
XOF
516.882
 
Egypt
EGP
6.0609
 
Morocco
MAD
8.741
 
Tunisia
TND
1.5891

Botswana: DCI -0.04%, USD 1.8m

Gaborone ended the week on an active note with turnover at USD 1.8m compared to 182k yesterday. 99% of the day's turnover was dominated by Letshego which traded 4t lower at 140t on 10,394,809 shares. Sechaba and Stanchart picked 1t each to end the day at 1257t and 926t respectively.

Egypt: EGX 30 +0.35%, USD 65m

Closed

Kenya: NSE 20 -0.15%, USD 1.84m

Rather quiet day in Nairobi as H1 drew to a close with value traded amounting to $1.84m. Kenya commercial Bank was the biggest contributor towards value traded in a very thin market with 1.58m shares changing hands as foreigners accounted for 89% of purchases. Kenol Kobil was relatively active as locals sought after the name with 1.54m shares traded. No too much action in Equity Bank with a total of 1.02m shares traded as foreigners accounted for 95% of purchases. Foreigners were net buyers and accounted for $1.05m of total purchases while they accounted for $160k of total sales. The market closed lower with the NSE 20 Index falling 0.15% to close at 3,703.94. In other news, inflation for June slowed to 10.1%.

Mauritius: Semdex -0.04%, USD 1.7m

The Semdex inched down 0.04% to end the day at 1,775.88pts while the Sem 7 traded 0.12% higher at 340.12pts. NMH gained 0.76% at Rs66 on 94,952 shares, where 94,500 shares were crossed. Other major crosses included 34,700 MCB at Rs169 and 10,900 SBM at Rs82. Gamma lost 5.6% on 1,200 shares. The Demex fell by 0.03% today to 148.73pts.

Nigeria: ASI +0.26% (unofficial), USD 8m

There were two delays in trading today which meant that there was very little reliable information coming from the exchange. The dearth of activity continued today with the market managing to close the session higher, the banks leading the way barring ETI -1.82% and UBA a marginal -0.27% lower. Some of the mid-tier names Skye, IBTC and Sterling were the standout performers +4.35%, 4.92% and +4.35%. The food and bev sector had a strong session with Cadbury and DangS were the strong performers +3.45% and 4.5%. PZ (biggest mkt cap) -4.85% was the big loser on the day and the main reason the market did not close quite a bit higher than it did.

South Africa: Top 40 +1.48%, USD 1.71bn

The market ended the day higher with the Top 40 Index gaining 1.48% to close at 29,638 while value traded amounted to 1.71bn. Resources were the day's biggest gainers with the Index gaining 1.94% followed by Financials and Industrials which gained 0.70% and 0.50% respectively. The Rand was trading at 8.18 and 10.37 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -0.01%, USD 49k

Average day in Zambia with value traded amounting to USD 49k. The names that traded included AELZ, CECZ, INVE, LAFA, PUMA, REIZ, ZMBF, ZNCO and ZSUG. AELZ was the biggest contributor towards turnover with value traded in the name amounting to USD 18k. ZNCO was the second biggest contributor towards turnover with value traded in the name amounting to USD 12k.

Zimbabwe: Industrial Index +0.58%, Mining -1.43%, USD 1.8m

The industrial index rallied 0.58% to close at 131.96 points. Meikles edged up 11.89% to 16c, HIPPO pushed up 5 cents to 100 cents, ECONET advanced 4.90 cents to 430c. The gains were offset by losses in AICO AFRICA which dropped a 1c or 10% to 9c after a disappointing set of results yesterday where finance costs of $24m chewed up 63% operating profits. Retail group OKZ was 0.50c weaker at 10.50 cents. The mining index was down 1.43% or 1.10 points to close at 75.70 points weighed down by losses in Hwange which eased 2 cents to settle at 23 cents. However, FALGOLD lost 0.50 cents to close at 15.50 cents while Bindura and Rio were unchanged at previous trading levels.

contacts
  • Bermuda +1 441 278 7620
  • South Africa +27 11 268 5833