Movers & Shakers: March 25, 2014


Botswana: DCI +0.02%, USD 117k

Another rather dull day in Gaborone as value traded amounted to USD 117k with FNB (222k shares) accounting for the majority of value traded.

Egypt: EGX 30 +1.14%, USD 155m

The market managed to pick up its bullish momentum to reach above 8,500 points with the EGX30 ending the day up 1.14% to close at 8,501.63 points. The market continued to improve compared to average turnover, trading a total turnover of USD 155m. Local investors lead the market, buying retail and institutions, with names such as CCAP, ACGC, and COMI witnessing above-average volumes, leaving each to end the day up 7.68%, 2.70%, and 1.38% respectively. International institutions ended the day as net sellers. The real estate sector managed to gain notable interest today, mainly from local investors targeting names such as MHND, which gained 6.86%, OCDI, up 3.00%, and PHDC, up 2.18%.

Kenya: NSE 20 +0.26%, USD 4.6m

Not much on the go in Nairobi as value traded amounted to $4.5m with locals (59.4%) dominating proceedings. Foreign demand (72.9%) drove activity in Safcom as 3.43m shares traded in the telco. The two major banking stocks KNCB and EQBNK both closed unchanged on the day as foreigners also dominated the buying the the names. EABL managed to close 1.5% higher at KES 270 on the back of foreign demand.

Mauritius: Semdex +0.28%, USD 1.80m

It was a surprisingly active day in Port Louis with the suspension of MCB due to the name change as value traded amounted to USD 1.80m thanks to some action in BBCL as 2.65m shares changed hands after the company released FY results. There was also some decent activity in SBM as 7.11m shares changed hands.

Nigeria: ASI +0.34%, USD 22.27m

It was another average day in Lagos from an activity point of view as value traded amounted to $22.27m. Tier-1 banking stocks drove activity with Zenith ($5.1m), GTB ($3.44m), FBNH ($2.56m) and Access ($1.50m) being amongst the most active. Banks (-0.52%) ended the day lower with UBA (-1.41%) and Access (-1.32%) weighing on the sector. Consumers (+0.31%) managed to close in positive territory thanks to Guinness (+4.14%) and Dangote Sugar (+1.24%). Market heavyweight Dangote Cement managed to gain +0.88%. The Central Bank kept left the interest rate unchanged at 12.00%.

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

Zimbabwe: Industrials -0.54%, Mining -6.78%, USD 2.29m

Innscor was a major drag on the market as the name fell -3.85% to 62.5c adding to yesterday’s fall of -4% which is the stock’s largest intraday loss year to date. Seedco was down 2.3% to 85c again adding on prior session’s loss. The seed maker yesterday announced board changes which will see the installation of John Rooney as the new chairman. Econet was stable at 60c after reports that the telecoms group is on the verge of breaking an impasse with local banks which will result in the opening of its USSD passage to the banking community. Value traded went up 71% to $2.29m thanks to Econet and Delta.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.77

-2.59

Nigeria

NGN

165.00

-2.85

Kenya

KES

86.63

-0.38

Mauritius

MUR

30.05

unch

Botswana

BWP

8.84

-1.14

Tanzania

TZS

1638.00

-2.81

Uganda

TZSUGX

2565.00

-1.48

Rwanda

RWF

678.00

-0.29

Ghana

GHS

2.69

-11.71

BRVM

XOF

478.37

+0.37

Egypt

EGP

6.95

-0.17

Morocco

MAD

8.15

+0.32

Tunisia

TND

1.58

+4.15

contacts
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  • South Africa +27 11 268 5833