Movers & Shakers: May 27, 2014


Botswana: DCI +0.14%, USD 114k

A dull day in Gaborone, nothing much to write home about.

Egypt: Closed for the day

Kenya: NSE 20 -0.24, USD 8.2m

Local investors were by far the bulk of today’s action. The most active name today was Safcom which closed unchanged at KES 13.00 while local action in Scan (-1%, KES 48) and Diamond Trust Bank (+40bps, KES 238) were also quite high. Equity Bank (unch, KES 40.25) and KNCB (+50bps, KES 47.75) were both relatively quiet while EABL was extremely dead.

Mauritius: Semdex +0.15%, USD 953k

A quiet day in Port Louis as the Sem-7 inched higher. Gains were recorded in SBM (+95bps, Rs1.06), Terra (+83bps, Rs36.25) and IBL (+97bps, Rs104). Losses were recorded in Alteo (-14bps, Rs34.45) and ENL Land (-50bps, Rs50.25).

Nigeria: ASI +0.77%, USD 24.9m

Local investors once again dominated the Lagos bourse. As with all African markets today, foreign investors were largely subdued. There were some chunky volumes traded in UACN ($7m), Zenith ($5m) and NB ($2m). Banks gained an impressive 1.08% with strength across the entire sector. ETI once again performed well (+2.95%, N15.70) although it was ably supported by Access (+4%, N9.70). Consumers took a big knock (-85bps) with a late sell-off in NB (-1.69%, N173.03) and Unilever (-2.71%, N48.19) the main drags on the sector. Oando took another hiding and lost a further 5.1% to N18.05 on good volumes.

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

Zimbabwe: Industrials +0.28%, USD 860k

A monotonous tone to proceedings in Harare this morning. As was the case with most African markets today, foreign participation was very minimal. Notable gains were made in Natfoods (+4.5%, 210c) and Seedco (+1.4%, 71.01c) while Econet dipped marginally to 64c and Delta closed unchanged at 115c.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.41

+0.76

Nigeria

NGN

162.56

-1.39

Kenya

KES

87.91

-1.83

Mauritius

MUR

30.17

-0.40

Botswana

BWP

8.72

-0.26

Tanzania

TZS

1661.00

-4.27

Uganda

UGX

2531.85

-0.19

Rwanda

RWF

684.28

-1.21

Ghana

GHS

3.02

-21.34

BRVM

XOF

484.01

-0.80

Egypt

EGP

7.14

-2.78

Morocco

MAD

8.24

-0.59

Tunisia

TND

1.63

+0.78

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