Movers & Shakers: March 04, 2014


Botswana: DCI -0.13%, USD 449k

An improved day in terms of activity as some trading on FNBB (395t) accounted for almost the entire day’s turnover.

Egypt: EGX -2.68%, USD 134m

Following global sentiment, the Egyptian market took a hit today leaving the EGX30 to end the day down -2.68% to close at 7,859.29 points. Volumes were slightly weaker compared to recent turnovers yet in line with the 30 day average turnover, the market traded a total turnover of USD 134m. With global markets witnessing a sell-off on the back increasing tensions in Ukraine, the Egyptian market followed in the same footsteps to wittiness profit booking with notable selling yet the bulk of the volumes was mainly targeting med/small caps such as OTMT, ACGC and EGTS, leaving each to end the day down -2.30%, -5.65% and -4.36%. Local institutions ended the day as notable sellers targeting mostly names such as COMI(-2.34), ESRS(-2.35%) and TMGH(-2.79%).

Kenya: NSE 20 +0.03%, USD 5.5m

Not much on the go in Nairobi today as value traded amounted to $5.5m as local incestors dominated activity. EABL was the most active name on the day as foreigners were net sellers with 343k shares changing hands. There was a small amount of activity in the two major banks with 2.45m shares traded in Equity Bank while 1.27m shares changed hands in Kenya Commercial Bank. Britam lost 0.8% ahead of FY13 results which will be announced on 7 March 2014. CIC Insurance surged 6% on speculative interest ahead of full year numbers.

Mauritius: Semdex +0.27%, USD 2.1m

Some chunky trading in the banks today. SBM gained 1.9% to Rs1.07 while MCB ended the session unchanged at Rs212.50. The only other gainer in the Sem-7 was ENL Land which rose by 21bps to Rs48.10 while the losers were NMH (-1.20%, Rs82.50), Terra (-0.77%, Rs38.60) and IBL (-91bps, Rs109).

Nigeria: ASI +0.01%, USD 15.2m

A really dull day in Lagos as the day inched along at a very slow rate before some crossing just before the close. The banks gained 35bps but most of this was due to a very late surge in Zenith which closed up 2.1% at N20.93 while Skye Bank closed limit up at N3.87. Consumers rose by 86bps with NB the main outperformer. The brewer added 4.6% to N158.99 while Unilever gained 2% to N48. Offsetting this was losses in PZ (-5.2%, N36) and Guinness (-5%, N188.10).

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

South Africa: Top 40 -0.56%, USD 1.25bn

The JSE ended the day lower with the Top 40 Index falling 0.45% to close at 42,577 while value traded amounted to USD 1.25bn. Resources were the day's biggest losers with the Index falling 0.56% followed by Financials and Industrials which fell 0.50% and 0.35% respectively. The Rand was trading at 10.80 and 14.87 to the USD and EUR respectively by the time local markets closed.

Zimbabwe

ZSE activity slumped to its lowest in the last two years in week and month opening trades. Overall a paltry 1.49m shares exchanged hands on the bourse yielding the lowest value of trades in two years of $160,339. On a day to day basis volumes dipped 88.67% while the value aggregate was down 75.15%. Foreign players shied away from the market as inflows at $40,463 were down 87.54% while they did not participate in portfolio disinvestments. The favourite stocks for the day included beverages group Delta, CBZ and Econet that contributed 20%, 18.7% and 14% to the total value traded today.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.80

-2.91

Nigeria

NGN

165.20

-2.96

Kenya

KES

86.40

-0.12

Mauritius

MUR

30.17

-0.41

Botswana

BWP

8.88

-1.49

Tanzania

TZS

1627.00

-2.27

Uganda

UGX

2526.00

+0.04

Rwanda

RWF

681.51

-0.81

Ghana

GHS

2.56

-7.50

BRVM

XOF

477.92

+0.46

Egypt

EGP

6.96

-0.21

Morocco

MAD

8.16

+0.17

Tunisia

TND

1.57

+4.19

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