Movers & Shakers: October 14, 2013

Botswana: DCI +0.03%, USD 6.4m

Some chunky crossing in a few names really bumped up turnover to a very respectable $6.4m in Gaborone. The active names were BIHL (1055t), FSG (220t) and Turnstar (170t) while Engen (790t) also saw decent activity. The large caps Choppies and Letshego did not trade today.

Egypt: Closed for the day.

Kenya: NSE 20 -0.07%, USD 6.3m

The week started off on a very slow note yet picked up as the day progressed. Most of the day’s action took place in Safcom (43%) and both sides were heavily dominated by foreign participants. The name inched up 60bps to KES 9.05. The banks were also active with foreign buying the most notable as KCB closed down 1% and Equity Bank unchanged at KES 48 and KES 36.25 respectively. EABL traded very thinly and closed down 4.2% at KES 323.

Mauritius: Semdex -0.21%, USD 403k

Very slow start to the week in Port Louis as value traded amounted to USD 403k. A cross of 500k CFS at Rs8.00 was the only talking point on an otherwise dissapointing day. MCB closed the day flat at Rs195.50 while SBM fell -0.99% to close at Rs1.00.

Nigeria: ASI +0.16%, USD 18.51m

A decent day in Lagos considering there are now 2 days of public holidays ahead. The index crept up 16bps with banks ticking higher by 18bps while Consumers climbed by 58bps. Banks were mixed with most of the trading focus on Tier 1 names. Small losses in Access (-1.9%, N10.30) and FBNH (-2%, N16.17) were offset by gains in Zenith (+1.53%, N21.84) and Fidelity (+2.54%, N2.83). Consumers were populated with green screens as Flourmills (+1.23%, N82), PZ (+1.96%, N38) and Cadbury (+4.48%, N53.91) all saw aggressive buying. NB and Guinness also ended the day marginally higher. Dangote Cement saw some decent activity yet ended the day unchanged at N189.

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

South Africa: Top 40 +0.30%, USD 1.26bn

A strong day on the JSE today as green littered the screens. Golds in particular were strong (+2%). The Rand remains range-bound and was trading at R9.96, R15.95 and R13.53 vs the USD, GBP and EUR respectively at the time of writing.

Zimbabwe: Industrials +0.41%, Mining +5.02%, USD 276k

Supply remains thin in the blue chip names and hence trading continues to be rather dull although the Industrials continue to grind higher. With nothing of any real note to report on, Econet inched up to 65c while Delta closed unchanged at 140c and Innscor rose marginally to 90c although both these stocks traded very thinly. Foreign activity was also very quiet today and were net sellers. The Miners were led higher by Bindura (+11%), Rio Zim (+8%) and Hwange (+5%) albeit on tiny volumes.

African Currencies