Movers & Shakers: October 09, 2013

Botswana: DCI +0.08%, USD 3.18m

Another large cross of 6m FNB drove activity today as the name accounted for 82% of turnover with value traded amounting to USD 3.18m. There was a small bit of activity in Sechaba as 251k shares traded.

Egypt: EGX 30 +0.83%, USD 51m

The market managed to pick its bullish momentum leaving the EGX30 to end the day up 0.83% to close at 5,802.09 points. Market volumes was weak with relevant to recent turnovers, the market traded a total turnover of EGP355m. The market managed to regain its bullish momentum after witnessing some profit booking over the last couple of sessions, local retail investors were notable sellers targeting names such as APSW(-1.97%), ACGC(-1.80%), yet institutional investors were buyers targeting names such as EAST and EKHO and COMI each ending the day up 2.47%, 1.15%, % and 0.34% respectively, it’s worth mentioning that JUFO continued gain notable interest form institutional investors, the managed to end the day up 5.54% to close at EGP11.82 . The real-estate sector managed to continues to notable interest to regain its earlier losses, names such as PHDC, TMGH and OCDI witnessed decent volumes each ending the day up 0.41%, 1.56% and 1.39% respectively.

Kenya: NSE 20 +0.31%, USD 9.1m

There was some profit taking in some of the big names that have had a stellar run over the last few days with the likes of Safcom (-3.2%), Kenya Commercial Bank (-1.0%) and Equity Bank (-2.7%) all coming under pressure. Activity was however still rather robust as value traded amounted to $9.1m. On the positive side, mid-cap stocks were strong and boosted the market with the NSE 20 Index gaining 0.31%. Safcom ($2.63m) was once again the leader in terms of activity as foreigners dominated trade in the name. Kenya Commercial Bank ($1.26m) and Equity Bank ($969k) were also very active.

Mauritius: Semdex +0.30%, USD 1.49m

A large cross of 170k shares in PBL at Rs 190.00 drove activity today as total value traded amounted to USD 1.49m. There was some action in MCB as 32k shares changed hands with the coounter closing slightly higher at Rs195.75.

Nigeria: ASI +0.96%, USD 14.89m

Strong buying in select stocks dominated the day in Lagos with banks rising by an impressive 1.18%. This was driven mainly by an aggressive buyer in Zenith which pushed the stock higher by 4.54% to N21.17. Consumers were unchanged for the day with performance mixed yet uninspiring across the board. Cadbury gained 1.91% to N50.25 while Guinness fell by 57bps to N245.60. In general market activity remains muted.

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

South Africa: Top 40 -1.22%, USD 1.4bn

The JSE saw red across the board today as it followed global markets lower. The Rand remains resilient and range-bound and was trading at R10.00 and R15.94 vs the USD and GBP respectively at the time of writing.

Zimbabwe: Industrials unch, Mining -1.97%, USD 869k.

The mainstream index managed to scrap a marginal 0.005% gain to close 0.01pts higher at 210.24pts. The upsurge was stimulated by mid cap gains notably NTS, agricultural focused Interfresh and Property concern ZPI. The trio topped the days movers adding 14%, 20% and 8.6% respectively. The minings however took a dearth softening 1.93% to 49.73pts on Rio Zim’s drop of 7% to 32.5c. Activity was generally subdued in mid week trades with turnover shrinking 44% to $869,640.

African Currencies