Movers & Shakers: November 13, 2013

Botswana: DCI +0.03%, USD 768k

Crosses in Choppies (668k shares), Sechaba (110k shares) and FNB (632k shares) tried to get things going today as value traded amounted to an uninspiring USD 768k.

Egypt: EGX 30 -1.29%, USD 73m

The market witnessed profit booking today lead by international institutions and GCC institutions , leaving the EGX30 to end the day down 1.29% to close at 6,253.24 points. The market traded decent volumes compared to recent average turnovers, the market traded a total turnover of USD 73m. The market witnessed notable profit booking lead mainly from by international institutions and GCC institutions targeting names such as COMI, HRHO and TMGH leaving each to end the day down 1.18%, 1.33% and 1.60% respectively, yet it’s worth mentioning that market witnessed a SLIGHT rebound during session were the EGX30 managed to start gaining from a low of 6,242.10 points were names such as ESRS, GTHE and HRHO managed to last print much higher than VWAP.

Kenya: NSE 20 -0.10%, USD 7.2m

It was a fairly robust day in Nairobi as value traded increased to $7.2m as locals (70.8%) completely dominated proceedings. Kenya Commercial Bank was once again very active as $2.19m worth of shares changed hands with the counter closing flat at KES 46.50. There was a large cross in I&M Holdings ($1.05m) with locals on both sides. Kenya Airways released H1 2014 results which seemed to be well received by the market as the counter gained 4.46% to close at KES 14.05.

Mauritius: Semdex +0.54%, USD 1.08m

A rather uninspiring day in Port Louis. The banks were mixed as MCB gained 87bps to Rs202.75 and SBL fell by 98bps to Rs1.01. IBL gained 1.02% to Rs99 and was the strongest gainer in the Sem-7.

Nigeria: ASI -0.90%, USD 20.81m

A very dull day in Lagos with a couple of late crosses spiking up volumes to a respectable $20m. However, for most of the session the day ticked along incredibly slowly as buyers were hard to find. Banks lost 49bps while consumers got absolutely smashed down by 2.12% with weakness across the entire sector. The biggest losers were UACN (-2.44%, N64), Nestle (-3.73%, N1160) and NB (-2.81%, N173) as some aggressive profit takers hit these names. Banks were slightly soft with Tier 1 names the main fallers. There were also some chunky late crosses in ETI, GTB and Zenith. The cements saw some activity today with Wapco gaining 97bps to N104 on good volume.

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

South Africa: Top 40 -2.02%, USD 1.96bn

The JSE followed global markets lower as all sectors closed in the red. The Rand remains a struggler and was trading at R10.35, R16.53 and R13.86 vs the USD, GBP and EUR respectively at the time of writing.

Zimbabwe: Industrials +0.08%, Mining +0.98%, USD 1.24m

The ZSE remained buoyant in mid week trades solidifying on positive gains accumulated earlier in the week. The industrials added a marginal 0.08% to 215.36pts on gains in market heavy weights. Delta inspired the resurgence adding 1.3% to 145c ahead of its HY14 results presentation this afternoon. Likewise, Old Mutual and Innscor were up 1.89% and 1.66% to 270c and 87c respectively on buoyant demand in the two market heavies. The minings somersaulted back into the black adding 0.98%, though this could not fully overhaul yesterday’s 5% loss, closing the day at 46.54pts. Fagold and Bindura put on 50% and 2.7% to 6c and 1.9c in that regard to raise the resources. Despite the market gains and the generally solid bids in most counters the market saw values falling -29.8% to $1.24m.

African Currencies