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Movers & Shakers: May 13, 2014
Botswana: DCI +0.20%, USD 382k
Some small action in BIHL (1120t), Letshego (214t), Choppies(405t) and Engen (950t).
Egypt: EGX 30 +0.77%, USD 113m
The market managed to end the day on a positive note leaving the EGX30 0.77% higher to close at 8,307.19 points. Market volumes continue to be weak with only a slight improvement witnessed in recent turnovers. The market traded a total turnover of USD 113m. The market continues to trade range bound, were local and GCC institutions are net buyers, targeting names such as SVCE, GTHE and CCAP leaving the aforementioned names to end the day up 3.74%, 1.91% and 0.68%, respectively.
Kenya: NSE 20 -0.05%, USD 12.67m
Foreign investors returned to the market in Nairobi as volumes improved dramatically. The bulk of today’s action took place in EqBnk with foreigners heavily involved on both sides. The bank closed unchanged at KES 40.75. Safcom saw some late crossing although the telco closed down 39bps to KES 12.85 despite posting decent results late yesterday. Interestingly, most of the buying was done by local investors. KNCB and EABL were markedly quiet while BATK saw a chunky local cross go through at KES 600.
Mauritius: Semdex +0.15%, USD 2.8m
A chunky cross in SBM accounted for more than 70% of the total turnover on a generally dull day. SBM closed unchanged at Rs 1.03 while MCBG gained 94bps to Rs 214.50.
Nigeria: ASI +1.02%, USD 19.52m
It was a relatively dull day in Lagos as value traded amounted to $19.52m. There was some activity in the likes of GTB ($3.39m), NB ($2.91m), Zenith ($2.03m) and FBNH ($1.77m). Banking stocks were very strong with the Index gaining an impressive +2.36% thanks to strong performances in GTB (+4.25%), Access (+3.37%), Zenith (+2.79%) and FBNH (+2.51%). Consumers (+1.34%) also had a good day with Cadbury (+4.65%), NB (+2.68%) and Nestle (+1.20%) driving the sector higher.
Please note that the index figure above is correct at the time of writing.
Zimbabwe: Industrials -0.53%, USD 3.19m
It was a much better day in Harare as value traded improved to USD 3.19m thanks to crosses in the likes of Econet ($1.31m), Delta ($1.28m) and OK ($416k). The market however closed the day lower with the Industrial Index falling -0.53%.
African Currencies
|
Country |
Notation |
Currency |
YTD % |
|
South Africa |
ZAR |
10.32 |
+1.62 |
|
Nigeria |
NGN |
162.40 |
-1.29 |
|
Kenya |
KES |
87.25 |
-1.09 |
|
Mauritius |
MUR |
30.15 |
-0.33 |
|
Botswana |
BWP |
8.64 |
+1.22 |
|
Tanzania |
TZS |
1650.00 |
-3.64 |
|
Uganda |
UGX |
2522.00 |
+0.20 |
|
Rwanda |
RWF |
682.79 |
-0.99 |
|
Ghana |
GHS |
2.92 |
-18.80 |
|
BRVM |
XOF |
480.96 |
-0.15 |
|
Egypt |
EGP |
7.05 |
-1.53 |
|
Morocco |
MAD |
8.18 |
-0.6 |
|
Tunisia |
TND |
1.61 |
+1.62 |
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