Movers & Shakers: November 15, 2013

Botswana: DCI +0.01%, USD 276k

not much on the go in Gaborone today as value traded amounted to USD 276k with some activity in FNB the only name worth mentioning.

Egypt: EGX 30 -0.40%, USD 61m

The market traded on mixed sentiment today, with the EGX30 closing down 0.40% at 6,227.92 points. Volumes were weak relative to recent turnovers, with the market trading a total value of USD 61m. The EGX started the day on a notably positive sentiment lead by buying accumulation from local retail investors targeting AIND (up 2.60%) and UEGC (gaining 1.28%). After mid-session, institutional investors pressured the market to trade in the red, targeting names such as EKHO (dropping 1.09%), MOIL (sinking 1.85%), and HRHO (losing 0.86%).

Kenya: NSE 20 +0.08%, USD 4.8m

Activity dropped off in Nairobi today as value traded amounted to $4.8m in what was a rather boring session. Diamond Trust Bank notched 2.2% higher after announcing 3Q13 results with a 31.6%y/y jump in attributable profits. Britam added 5.8% after the intergrated financial services firm announced a strategic partnership with the Acorn Group which currently manages a portfolio of KES 20bn in real estate assets across Kenya, Uganda and South Sudan. Britam will take a 25% stake in the property manager and together with Acorn bring institutional investment solutions and products into the real estate sector in Kenya and the region. Kenya Airways retreated 4.6% on profit taking, a day after the airline posted results returning to profitability.

Mauritius: Semdex +0.10%, USD 627k

Not much on the go in Port Louis in terms of activity as value traded amounted to USD 627k. There was however a raft of results published with MCB and SBM both releasing interim numbers. These were however released after the session and trading was very light in the major banks ahead of these numbers. Tourist arrivals for October increased 2.8% to reach 92,520 visitors.

Nigeria: ASI -0.46%, USD 18.30m

Another very slow day in Lagos as value traded amounted to a dull $18.30m. There was a late flurry of activity in Zenith Bank ($3.01m) and Guaranty Trust Bank ($2.10m) that helped boost activity towards the close. Nestle continued to come under pressure and fell -2.67% to close at N1,129.00 on good volume of 229k shares. The brewers were active as 1.05m NB (-1.73%) traded while 895k shares changed hands in Guinness (-0.89%). Banks managed to close in positive territory with the Bank Index gaining +0.85% on the back of moves higher in Guaranty Trust Bank (+2.10%) and Access (+2.55%). Consumers came unders some pressure and ended the day lower with the Consumer Goods Index falling -1.39%.

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

South Africa: Top 40 +0.65%, USD 1.33bn

The JSE ended the day higher with the Top 40 Index gaining 0.65% to close at 40,163 while value traded amounted to USD 1.33bn. Industrials were the day's biggest gainers with the Index gaining 0.78% followed by Financials and Resources which gained 0.56% and 0.44% respectively. The Rand was trading at 10.29 and 13.89 to the USD and EUR respectively byt the time local markets closed.

Zimbabwe: Industrials -0.13%, Mining -0.97%, USD 860k

Most indicators softened in Thursdays trades as the impressive set of Delta’s half year results presented yesterday failed to inspire the rest of the market. Revenues for the beverages maker grew 5% while operating income was 10% up on prior year giving an after tax profit of $47.7m which is 12% ahead of last year. Their latest offering super chibuku spurred the group’s aggregate volumes growth. Delta plans to construct a $8m line for its chibuku super brand to be commissioned by April next year in a bid to keep up with growing demand. In today’s session Delta posted a 0.34% gain to 145.5c though this was not enough to outweigh the losses which resulted in a -0.13% loss for the Industrials to 215.08pts. The Mining Index swung back into the red releasing 0.97% to 46.09pts as Bindura foregore 2.6% to close at 1.85c reversing yesterday’s gains.

African Currencies