Movers & Shakers: November 08, 2013

Botswana: DCI +0.04%, USD 885k

A large cross in the normally very illiquid Engen (791t) was almost the entire market today.

Egypt: Closed for the day.

Kenya: NSE 20 +0.03%, USD 7.6m

Decent day to end the week in Nairobi as value traded amounted to $7.6m. Profit taking in Kenya Commercial Bank (-2.60%) continued today as the counter was the biggest contributor towards value traded with $1.22m worth of stock changing hands. Activity slowed down in Safcom but was still relatively decent as the name came off the boil a bit and fell -1.0% to close at KES 9.75. Foreign demand (100% of purchases) drove activity in EABL as 41k shares traded. Kenya Airways extended it's gains, climbing a further 4.9% to a new 12-month high of KES 12.95 with the airline releasing an operating update ahead of results due next week.

Mauritius: Semdex -0.09%, USD 1.61m

A marginal fall today in Mauritius as SBM (-98bps, Rs1.01) dragged the index lower. Terra (+24bps, Rs41.10) and IBL (+51bps, Rs99) were the only other stocks in the Sem-7 to actually change price today.

Nigeria: ASI -0.67%, USD 38.7m

A reversal of fortunes as the ASI fell today thus reversing most of the weekly gains. A large cross of approx. $20m in DangCem early in the session at N185 was the bulk of the trading for the first part of the session. Towards the close we saw activity levels pick up with some crosses in GTB, Zenith and Nestle spiking up turnover. The banks fell by 77bps today with UBA (-4.25%, N7.66) leading the fall. The other banks were all more or less unchanged. The consumers fell by 82bps with softness in Guinness (-2.03%, N238.55) and NB (-1.35%, N175.50) the main components of this weakness.

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

South Africa: Top 40 -1.33%, USD 1.46bn

The JSE ended the day lower with the Top 40 Index falling 1.33% to close at 40,698 while value traded amounted to USD 1.46bn. Resources were the day's biggest losers with the Index falling 1.72% followed by Financials and Industrials which fell 1.19% and 1.06% respectively. The Rand was trading at 10.37 and 13.83 to the USD and EUR respectively by the time local markets closed.

Zimbabwe: Industrials +0.75%, Mining unch, USD 690k

The ZSE managed to hold in the money closing at 210.86pts being weighted gains of 0.75% on prior levels. The week ending gains comes after several sessions of seesawing with the market failing to establish a firm trend. ZSE heavies among them Delta, Old Mutual and Innscor followed through on yesterday’s resurgence to close higher at 140c, 260c and 83.5c, with respective gains of 1.81%, 1.56% and 0.48%. Aggregate volume traded among these top stocks was however unimpressive as it stood at just below 90,000 shares. The top rising heavy weight stock Delta is due to present its interims on the 14th of November where it is expected to report a 4% topline growth and a 12% increase in volumes. The resources however were flat for the 3rd session retaining the 51.24 pts level on virtually no activity in the cluster. Turnover for the day was -71% lower than yesterday at $0.69m achieved on volumes of 5,5m shares which is 43% lower in comparison to yesterday.

African Currencies