Movers & Shakers: May 06, 2014

Botswana: DCI +0.12%, USD 109k

Nothing much happened in Gaborone today with just some mild activity in FNBB (355t).

Egypt: EGX 30 +0.78%, USD 142m

The market managed to pick up to trade in the green lead by notable buying accumulation from institutional investors(local and international), leaving the EGX30 to end the day up 0.78% to close at 8,370.57 points. Volumes notably improved compared to recent turnovers, the market traded a total turnover of USD 142m. After the market witnessed profit booking over the last couple sessions, the market managed to pick up its bullish momentum again were name such as GTHE(+1.12%), HRHO(+0.54%) and COMI(+0.46%) managed regain buying appetite, it’s worth mentioning that local newspapers announced that HRHO will manage Emarr Misr IPO. AMER(+2.14%) managed to pick up interest today to trade the highest since November 2010, this comes after the financial regulator approved the company’s plan to issue 600m pounds of securitized bonds.

Kenya: NSE 20 +0.25%, USD 19.2m

It was a stellar day in terms of activity as value traded amounted to a very impressive $19.2m as foreigners accounted for 71.9% of turnover. EQBNK was the day's most active stock as 10.11m shares changed hands on the day. Safcom saw some profit taking on the back of foreign selling with the telco falling -1.50%. EABL and BATK were also very active thanks to a number of crosses with 721k shares and 284k shares changing hands in the names respectively.

Mauritius: Semdex -0.37%, USD 3.53m

Chunky action in the banks today as MCB slipped by 1.28% to Rs211.75 while SBM closed unchanged at Rs1.03. Elsewhere in the Sem-7 we saw losses in NMH (-58bps, Rs85.50) and Terra (-27bps, Rs36.90) while there was a gain of 50bps in Alteo to Rs50.25.

Nigeria: ASI +0.06%, USD 28.96m

Another day where chunky crosses lightened up a generally muted session. Banks were generally weak as the sector shed 34bps with GTB (-1.12%, N26.5) the most notable faller. Consumers ended the day marginally in the green as the sector saw chunky crosses in Nestle (+93bps, N1080) and NB (-46bps, N148.72) while UACN unusually saw some chunky trading (+3.17%, N57). Wapco was also a beneficiary of a chunky cross as the stock gained 1.87% to N110.02.

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

Zimbabwe: Industrials +1.18%, Minings unch, USD 3.09m

It was a very good day from an activity point of view in Harare as value traded amounted to USD 3.09m thanks to large crosses in the likes of Delta ($1.52m) and Econet ($688k) which drove activity. There was also some action in Innscor ($299k), BAT ($232k) and Barclays ($205k). The market managed to close higher with the Industrial Index gaining +1.18%.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.51

-0.18

Nigeria

NGN

160.08

+0.14

Kenya

KES

87.05

-0.86

Mauritius

MUR

29.90

+0.50

Botswana

BWP

8.71

+0.39

Tanzania

TZS

1646.00

-3.23

Uganda

TZSUGX

2520.00

+0.28

Rwanda

RWF

682.01

-0.88

Ghana

GHS

2.86

-16.96

BRVM

XOF

473.76

+1.34

Egypt

EGP

7.01

-0.96

Morocco

MAD

8.07

+1.25

Tunisia

TND

1.60

+2.74
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