Movers & Shakers: June 30, 2014


Botswana: : DCI unch, USD 6.7k

Dire start to the week in Gaborone as value traded amounted to a paltry 6.7k

Egypt: EGX 30 +1.13%, USD 67m

Egypt managed to end the day in the positive territory following President Abdel Fattah El-Sisi's approval of the revised FY2014/15 budget with a deficit of 10% of GDP. The EGX30 gained 1.13% to close at 8162 points on low volumes of USD 67m. COMI gained 2.05%, with block trade of 35.5 million shares at EGP36.34/share, worth EGP1.29 billion. HRHO fell 0.65% after Sawiris-led consortium said it would make no change to EFG-Hermes' offer price of EGP16.00/share. ETEL added 1.66% after coming to an agreement on fiber network rental fees with ISPs (Link, Vodafone Data, and Etisalat Internet). AMER (+2.33%) board approved a capital increase up to EGP1.37 billion using reserves.

Kenya: NSE 20 +1.06%, USD 5.7m

It was a rather slow start to the week with value traded amounting to $5.7m thanks to a fall in foreign participation with locals accounting for 66.3% of activity. A local cross in the usually illiquid Sasini drve activity as a total of 5.4m shares traded over the day. Safcom was basically the only counter which foreigners were active in as 6.48m shares traded in the telco. Foreign selling and local buying saw 705k shares trade in ARM.

Mauritius: Semdex +0.37%, USD 940k

A rather slow start in Port Louis with value traded amounting to USD 940k. Alteo (316k shares) was the most active name on the day while MCBG (12k shares ) and SBM (30k) shares were extremely quiet. There were no trades in NMH.

Nigeria: ASI +0.70%, USD 29m

Not a bad start to the week in Lagos as value traded amounted to $29m. Oando ($7.64m) drove activity once again with some action in Nestle ($2.36m), GTB ($2.29m) and UBA ($2.24m). Banks managed to close the day higher with the Index gaining +0.20% thanks to ETI (+4.00%) and Diamond Bank (+1.59%). Consumers (+1.39%) also had a strong day with Nestle (+4.65%) and Dangote Flour (+1.23%) driving the sector higher.

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

Zimbabwe: Industrials -0.28%, USD 1.13m

It was a much better day in Harare as value traded amounted to USD 1.13m but this was heavily skewed towards Econet (879k) with some action in Innscor ($158k) as well. The market closed the day lower with the Industrial Index falling -0.28%.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.63

-1.31

Nigeria

NGN

162.82

-1.55

Kenya

KES

87.55

-1.43

Mauritius

MUR

30.25

-0.66

Botswana

BWP

8.81

-0.63

Tanzania

TZS

1658.00

-4.10

Uganda

UGX

2601.50

-2.86

Rwanda

RWF

683.78

-1.14

Ghana

GHS

3.33

-28.68

BRVM

XOF

482.78

-0.57

Egypt

EGP

7.15

-2.86

Morocco

MAD

8.21

-0.42

Tunisia

TND

1.68

-2.28

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