Movers & Shakers: October 04, 2013

Botswana: DCI +0.02%, USD 758k

Choppies saw some decent action again today and again dominated the session as more than 2m shares changed hands at 305t. In fact, almost all the stocks on the market traded today which is a refreshing change in Gaborone.

Egypt: Closed for the day.

Kenya: NSE 20 +0.10%, USD 5.9m

A much quieter session in Kenya, as is often the case on a Friday. Foreign participation also waned somewhat. The top traders, no surprise, were Safcom (+60bps, KES 8.95), Equity Bank (+2.2%, KES 34.50) and KNCB (+1.6%, KES 47.25) as foreign buying pushed these names higher. KNCB touched an all-time high of KES 48.00 during the session before closing at KES 47.25. EABL also rose slightly by 29bps to KES 340.

Mauritius: Semdex +0.07%, USD 518k

Extremely slow day to end the week in Port Louis as value traded amounted to USD 518k. MCB was the only name worth mentioning as the banking heavyweight accounted for nearly 50% of today's turnover with the counter closing flat at 194.25. SBM was very quiet as 1.7m shares changed hands.

Nigeria: ASI +0.26%, USD 15.84m

The general buying trend continues today although on a much more muted scale. In fact, the highest turnover stock that traded was Transcor which traded over $3m worth of stock. Outside of this, the market was generally lethargic. Banks rose by 13bps with performance mixed across the sector. Consumers were up 83bps with strength in Unilever (+2.54%, N61.01), Cadbury (+2.13%, N48) and NB (+2.13%, N173) the main drivers behind this strength. However, outside of NB the sector was very quiet.

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

South Africa: Top 40 -0.22%, USD 1.27bn

The JSE was uninspired today as the index just ticked lower. The Rand continues to remain range-bound and was trading at R10.00, R16.07 and R13.59 vs the USD, GBP and EUR respectively at the time of writing.

Zimbabwe: Industrials +1.50%, Mining unch, USD 2.59m

The bulls continue to stampede across the ZSE as the momentum continued. The heavyweights remain firmly in demand as Delta closed up a further 3.84% at 135c with demand remaining strong in the name. PPC also gained an impressive 3.36% to 261.51c while Innscor rose by 2.41% to 85c. Interestingly, Econet is not flavor of the month and fell by 3.16% to 60c.

African Currencies