Movers & Shakers: October 21, 2013

Botswana: DCI +0.02%, USD 1.78m

A large cross in BIHL (1.4m shares) accounted for 99% of today's turnover as total value traded amounted to USD 1.78m. There was nothing else on the go apart from the BIHL cross.

Egypt: EGX 30 +0.66%, USD 110m

The market traded with a mixed sentiment today to end the day in higher, leaving the EGX30 to end the day up 0.66% to close 6,089.30 points. The market continues to trade very strong volumes, the market traded a total turnover of USD 110m. The market started the day with a negative sentiment with local institutions and local retail as net sellers perusing the market to reach a low of 6,005.63 points, yet around med-session international institutions managed lift the market changing the sentiment to trade in the greens, targeting names such as GTHE, COMI and OTMT each ending the up 1.72%, 1.14% and 1.52% respectively. It’s worth mentioning that retail investors along with local institutions ended the day as net-sellers targeting names such as SWDY, ACGC and UEGC each ending the day down 1.73%, 1.15% and 0.74% respectively.

Kenya: Closed for the day.

Mauritius: Semdex +0.08%, USD 771k

Rather slow start to the week in Port Louis as value traded amounted to USD 771k. MCB was the most active counter on the bourse as 51k shares traded, 40k of which was a book-over. SBM was very quiet and closed the day unchanged at 1.01. NMH was also rather dull as 3.5k shares changed hands.

Nigeria: ASI -0.20%, USD 24.45m

It was a decent day from an activity point of view seeing that the Bloomberg price feed was once again down as value traded amounted to $24.45m. Banks ended the day lower with the Bank 10 Index falling -0.42%. The sector however completely dominated activity with the likes of Zenith Bank ($8.29m), Guaranty Trust Bank ($4.76m) and Stanbic ($1.83m) seeing some big volume go through thanks to a few substantial crossess. The Consumer sector was very quiet and also ended the day lower with the Consumer Goods Index falling -0.38%.

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

South Africa: Top 40 +0.51%, USD 1.27bn

The JSE ended the day higher with the Top 40 Index gaining 0.51% to close at 40,096 while value traded amounted to USD 1.27bn. Resources were the day's biggest gainers with the Index gaining 0.69% followed by Financials and Industrials which gained 0.47% and 0.44% respectively. The Rand was trading at 9.82 and 13.43 to the USD and EUR respectively by the time local markets closed.

Zimbabwe: Industrials -0.47%, Mining -4.65%, USD 1.68m

After a 23 day winning streak, the industrials rally has lost steam receding by a further 0.47% to 212.35pts following on Friday’s losses. Losses in market heavies Delta and Innscor of 1.18% and a marginal 0.01% to 135.01c and 88.99c respectively dragged the market lower. This comes as the market awaits the public unveiling of the new economic paper, ZIMASSET with hopes of reviving waning economic fortunes. Elsewhere the mining index gave up 4.65% to 49.46pts on a 5.7% loss in Rio zim to 33c. Other market heavies traded unchanged with Econet at 63c while Seedco maintained its $1 tag on a respectable demand level. Turnover increased 145% to $1.68m over the prior session. Delta added 55% to the value while Innscor contributed 15% or $246,698 to total value.

African Currencies