Movers & Shakers: March 31, 2014


Botswana: DCI +0.11%, USD 457k

It was a decent day in Gaborone as value traded amounted to USD 457k thanks to crosses in Letshego (835k shares) and FNB (500k shares). The rest of the market was very quiet.

Egypt: EGX 30 -3.55%, USD 256m

Another red day for the Egyptian market lead by notable selling from local investors (institutions and retail) leaving the EGX30 down 3.55% to 7,805.03 points. Market volumes today were deceiving as the market traded a total turnover of EGP1.79 billion, yet more than 45% of the total turnover was attributed to one cross in COMI. The market managed to keep its profit booking sentiment to breach the 8,000 point level. OTMT, AIND, and AMER came under notable selling pressure leaving each to end the day down 8.09%, 5.77% and 6.59% respectively. The only name in the EGX30 that ended the day in green was JUFO, up 1.98%.

Kenya: NSE 20 -0.54%, USD 5.4m

Some foreeign buying in Safcom ($1.83m) drove activity in the telco today as it was the most active counter on the day with total market value traded amounting to $5.4m. The spread between local and foreign participation was pretty even. Foreigners dominated activity in both Kenya Commercial Bank and Equity Bank as 1.66m and 1.82m shares changed hands respectively. Standard Media did not trade as Nation Media notched 0.8% higher after the media house won a Court of Appeal ruling on the digital migration date and the award of frequencies.

Mauritius: Closed for a public holiday.

Nigeria: ASI +1.09%, USD 23.70m

Rather average start to the week as value traded amounted to $23.70m. A large cross in ETI ($3.66m) drove activity with some action in NB ($3.03m), GTB (2.10m) and Sterling Bank ($2.26m). Banks (+1.93%) had a very strong day thanks to the likes of GTB (+4.00%) and Zenith (+2.04%). Consumers (+1.30%) also managed to close on the front foot with the two big brewers Guinness (+2.96%) and NB (+1.99%) lifting the sector higher.

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

Zimbabwe: Industrials +0.22%, Mining unch, USD 988k

It was a relaively slow start to the week in Harare with not much to write home about as value traded amounted to USD 988k. Most of the activity was centered around Econet ($314k), Innscor ($207k) and BAT ($156k). On the positive side, the broader market managed to close the day higher with the Industrial Index gaining +0.22%.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.52

-0.25

Nigeria

NGN

164.90

-2.79

Kenya

KES

86.30

unch

Mauritius

MUR

30.07

-0.08

Botswana

BWP

8.76

-0.26

Tanzania

TZS

1638.00

-2.93

Uganda

TZSUGX

2548.00

-0.82

Rwanda

RWF

681.51

-0.81

Ghana

GHS

2.66

-10.71

BRVM

XOF

478.23

+0.39

Egypt

EGP

6.97

-0.32

Morocco

MAD

8.15

+0.40

Tunisia

TND

1.57

+4.24

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