Movers & Shakers: May 21, 2014


Botswana: DCI +0.11%, USD 58k

Nothing much to note in Botswana.

Egypt: EGX 30 -0.36%, USD 121m

Egypt started the day with notable profit taking led by institutions investors (foreign and local) after the recent gains as investors still doubt the market’s ability to break through its new five-year high. The EGX30 closed down 0.36% on lower-than-average volumes of EGP863 million. Most of the pressure targeted mid/small caps such as ELWA (-1.83%), AIND (0.90%), PIOH (-1.31%). COMI shed 0.75% on half of the 30-day average volumes. ACGC (leading the market turnover), GTHE, ETEL, and PHDC managed to trade against the general market sentiment, leaving each to end the day in the positive territory.

Kenya: NSE 20 -0.37%, USD 17.3m

Another big day in Nairobi with foreign investors rather active, skewed to the sell side. Despite heavy foreign selling in Safcom the name still rallied to KES 13.20 on big volumes although the closing price was eventually KES 13.05 (unchanged). The other active names were the usual suspects. In the banks we saw KNCB lose 50bps to KES 46.50 despite heavy foreign buying while Equity Bank rose by 70bps despite heavy foreign selling. EABL shed 30bps to KES 291.

Mauritius: Semdex +0.11%, USD 1.56m

The Sem-7 closed the day unchanged with SBM dominating the volumes. SBM closed unchanged at Rs1.05 while MCBG ticked higher by 23bps to Rs216. ENL Land rose by 1% to Rs50.50 while the losers included Alteo (-1.43%, Rs34.50), Terra (-55bps, Rs36) and IBL (-47bps, Rs106).

Nigeria: ASI -0.15%, USD 63.9m

A mammoth day of trading in Lagos with 2 massive crosses dominating the headlines. There were large crosses in Zenith Bank ($31m) and Guaranty ($15m) with a local seller for both of these. Outside of these huge crosses there was precious little else happening in the sector as the banks closed down 35bps. The only notable mover was ETI which was strong yet again (+4.66%, N15.50). The consumers continue to grind higher (+60bps) with buyers in NB still plentiful – NB rose by another 1.62% to N169.20 on good volume. There was also some decent trading in Dagcem (-90bps, N221).

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

Zimbabwe: Industrials -0.65%, USD 5.14m

The Industrials fell yet again although volumes spiked up impressively to $5.14m following a chunky special bargain in Econet at 65c. The Industrials index is down 15.62% YTD. Outside of the Econet SB at 65c the name actually lost 1% to 64c in normal trading while Delta slipped by 1.74% to 113c.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.40

+0.80

Nigeria

NGN

162.35

-1.26

Kenya

KES

87.80

-1.71

Mauritius

MUR

30.10

-0.17

Botswana

BWP

8.70

-0.44

Tanzania

TZS

1652.50

-3.78

Uganda

UGX

2527.00

0.00

Rwanda

RWF

684.28

-1.21

Ghana

GHS

2.93

-19.08

BRVM

XOF

483.03

+0.59

Egypt

EGP

7.12

-2.50

Morocco

MAD

8.22

-0.43

Tunisia

TND

1.63

+1.07

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