Movers & Shakers: November 22, 2013

Botswana: DCI +0.07%, USD 515k

Only 2 names traded today in anything meaningful – Choppies at 313t and Stanchart at 1160t. There were also some scraps trading in BIHL (1055t) and Engen (805t).

Egypt: Closed for the day.

Kenya: NSE 20 +0.01%, USD 8.7m

It was a rather active day to end the week in Nairobi as value traded amounted to $8.7m. Safcom dominated activity as the telco continued to rally (+1.4%) to close the week at KES 10.75 on solid volume of 33.6m shares with foreigners dominating activity in the counter. The usually very illiquid Britam (+2.7%) was very active today with foreign purchases driving the name as 5.54m shares traded. A few crosses dominated trading in EABL today with foreigners accounting for 93.8% of purchases in the brewer. EABL added 1% as the company was quoted by the Business Daily as suggesting that the Senator Keg business had suffered a 25% reduction in outlets as a result of a 50% excise tax introduced on the product in June 2013. Activity picked up in Kenya Commercial Bank thanks to a return in foreign interest as 1.34m shares traded.

Mauritius: Semdex -0.18%, USD 1.55m

Some action in Port Louis although the bears won the day. The Sem-7 fell by 21bps with losers including NMH (-1.15%, Rs86), Alteo (-13bps, Rs37.05) and Terra (-1.22%, Rs40.50). There were no gainers in the sector.

Nigeria: ASI +0.32%, USD 49.48m

Another mammoth day in Nigeria as almost $50m changed hands. Some noticeable activity was seen in Dangcem ($12m), Transcor ($11.8m) and Oando ($6m). Banks (+52bps) and consumers (+64bps) are still well bid. Tier 1 banks were once again very active and saw some proper volumes. Consumers were also strong and led higher by Guinness (+4%, N259.99) and Unilever (+91bps, N61.86). Dangote Cement closed down 51bps at N195 on chunky crossing while Transcor had a second consecutive week of being 61% up.

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

South Africa: Top 40 -0.75%, USD 1.41bn

The JSE ended the day lower with the Top 40 Index falling 0.75% to close at 39,642 while value traded amounted to USD 1.41bn. Resources were the day's biggest losers with the Index falling 1.29% followed by Industrials and Financials which fell 0.47% and 0.42% respectively. The Rand was trading at 10.08 and 13.63 to the USD and EUR respectively by the time local markets closed.

Zimbabwe: Industrials -0.22%, Mining +3.78%, USD 2.91m

The ZSE continued to trade sideways in week ending trades closing today’s session softer. The bourse’ prime index closed 0.22% softer at 217.01pts weighed down by post results selloff in retailer OK and diversified conglomerate Innscor. OK has been losing luster among investors since presenting a moderate set of financials for the interim period to September 2014 where a flat bottomline outturn was achieved despite revenue growth of 5.4% over the same period. Innscor had, at their AGM earlier today, reported a 5% turnover growth in the first quarter while profitability went down 18%. OK lost 2.04% to 24c while Innscor was 1.16% softer at 85c at close of call. The minings sustained its purple patch putting the icing on a fair week with a 3.78% gain on prior levels to 49.20pts. However the gain was attributable to improved propensity on the buy side in Bindura that hit 2.2c with no sellers in sight to quench the demand at those levels.

African Currencies