Movers & Shakers: November 11, 2013

Botswana: DCI +0.04%, USD 5.15m

A large cross in Stanchart ($4.35m) accounted for 84% of today's turnover as total value traded amounted to USD 5.15m. There was also a bit of action in Choppies as 1.93m shares traded in the name.

Egypt: EGX 30 -0.51%, USD 81m

Another day of profit taking today in the market leaving the EGX30 to end the day down 0.51% to close at 6,323.69 points. Volumes remains fairly strong relative to recent average turnovers, the market traded a total turnover if USD 81m. The market witnessed another red day mainly attributed to profit booking particularly med/small caps, were names such as ACGC(-3.70%), UEGC(2.48%) and ELKA(-1.95%) witnessed notable selling, yet it’s worth mentioning that COMI continues to witness notable buying accumulation to trade the highest since post the 2011 25th January revolution leaving the former to end the day up % to close at EGP44.98 up 0.72%, COMI is expected to release 3Q results tomorrow.

Kenya: NSE 20 +0.16%, USD 4.62m

It was a rather slow day start to the week in Nairobi as value traded amounted to $4.62m with foreigners all but absent from the market. Kenya Commercial Bank managed to bounce back (+0.51%) after taking a bit of a pouning last week and was the biggest contributor towards value traded as 2.1m shares changed hands. Safcom was relatively active as 7.11m shares traded in the telco while there was a decent cross in Standard Chartered Bank as a total of 120k shares traded with both the buyer and the seller being local.

Mauritius: Semdex -0.54%, USD 506k

It was a quiet session in Port Louis as value traded amounted to 506k. Medical & Surgical Centre Ltd was the most active name on the bourse as 7.73m shares traded in the counter. The two major banking stocks were rather quiet as 20k and 2.90m shares traded in MCB and SBM respectively.

Nigeria: ASI +0.07%, USD 22.39m

There was an early cross in Dangote Cement worth $11.5m but after that the activity dried up totally on the back of the US Veteran’s Day holiday. The banks were up 48bps for the session although as mentioned it was on thin volumes. The leading light in the sector was UBA which rose by 1.83% to N7.80. The consumers dipped marginally although outside of a very late cross in Nestle (-41bps, N1215) the sector was incredibly dull.

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

South Africa: Top 40 +0.15%, USD 1.2bn

The JSE ended the day pretty much where it began on somewhat light volumes. The rand remains on the back foot and was trading at R10.36, R16.56 and R13.89 vs the USD, GBP and EUR respectively at the time of writing.

Zimbabwe: Industrials +0.44%, Mining -5.27%, USD 1.77m

As far as recent activity goes today saw some decent action as the Industrials rose by 44bps. Most of this was due to a solid gain of 2.99% in Innscor to 86c ahead of the AGM on 22 November when the shareholders will discuss a share buyback. However, the bulk of today’s trading took place in Econet (63c) and CBZ (15c).

African Currencies