Movers & Shakers: May 05, 2014

Botswana: DCI -0.15%, USD 906k

It was all about Letshego today in Gaborone as almost the entire market took place in the name. More than 3.1m shares changed hands in the name, all at a price of 217t. Outside of this there was mild activity in Choppies (405t) and FNBB (355t).

Egypt: EGX 30 -0.03%, USD 128m

The market traded the day with a mixed sentiment leaving the EGX30 to end the day marginally lower. Volumes managed to pick up as we saw USD128m change hands. The session started with a positive sentiment to reach a high of 8,322.79 points, where names such as AMER, GTHE and OTMT witnessed above average volumes leaving each to end the day up 1.63%, 1.52% and 1.56% respectively. After 30 min of trading the market changed its sentiment to trade in the reds pressured by local retail investors, were names such as JUFO, TMGH and ACGC came under selling pressure leaving each to end the day down 4.88%, 0.67% and 0.97% respectively.

Kenya: NSE 20 -0.59%, USD 5.6m

A quiet day in Nairobi with foreign investors extremely quiet. The 2 most active names were Safcom which lost 80bps to KES 13.00 while KNCB fell by 50bps to KES 49.75. Both of these can be attributed to the complete lack of foreign buying in the name during today’s session. Equity Bank continued its bull run as the name gained a further 1.3% to KES 39.00. There was some local crossing in Housing Finance as the name rose by 70bps to KES 36.25.

Mauritius: Semdex -0.63%, USD 1.15m

It was a solid start to the week in Port Louis with value traded amounting to USD 1.15m as MCBG (58k shares ) drove proceedings. There was also some action in the likes of NMH (68k shares) and smalls traded in SBM (2.8m shares)..

Nigeria: ASI -0.31%, USD 12.5m

An extremely dull day in Lagos as market activity dropped off a cliff with the UK out on holiday. The banking sector fell by 57bps although most of this can be attributed to the markdown in FBNH for its N1.10 ex-div – the name closed down 5.6% at N13.03. Most banking names were slightly weak except for Access which gained 4.9% to N9.01. The consumers shed 33bps for the day on the back of weakness in NB (-1.05%, N149.41) while Nestle slipped by 19bps to N1070 – these were the only 2 names in the sector that really traded. In general, it was a dull day in the absence of the crosses that the market has been seeing recently.

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

Zimbabwe: Industrials +1.03%, Minings unch, USD 1.35m

It was a much better day in Harare as value traded amounted to USD 1.35m thanks to a cross in Delta ($1.15m) while 117k Econet traded. Another positive was the Industrial Index managing to gain an impressive +1.03%.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.55

-0.68

Nigeria

NGN

160.74

-0.28

Kenya

KES

86.95

-0.75

Mauritius

MUR

30.00

+0.17

Botswana

BWP

8.77

-0.26

Tanzania

TZS

1643.00

-3.23

Uganda

TZSUGX

2520.00

+0.28

Rwanda

RWF

679.50

-0.59

Ghana

GHS

2.82

-15.82

BRVM

XOF

477.61

+0.54

Egypt

EGP

7.00

-0.78

Morocco

MAD

8.14

+0.51

Tunisia

TND

1.60

+2.52
contacts
  • Bermuda +1 441 278 7620
  • South Africa +27 11 268 5833
Quick links