Movers & Shakers: September 01, 2014


Botswana: DCI -0.02%, USD 1.43m

A rather solid start to the week from an activity point of view with turnover amounting to USD 1.43m thanks to some action in BIHL (801k shares) and Choppies (500k shares).

Egypt: EGX 30 +0.06%, USD 81m

The Egyptian market continues to trade range bound with lack of catalyst to drive the index higher. The EGX30 inched 0.06% up to close at 9452 points on weak volumes of USD 81m. COMI (+1.23%) led the market volumes to end the day at EGP47.00/share with 1.1 million shares changing hands. The Real estate sector regained its strong performance, led by OCDI and TMGH both adding 5.32% and 0.96%, respectively. SWDY (+1.36) released 2Q2014 results, with bottom line coming at EGP109.95 million vs. EGP81.9 million last year. Institutional investors were 24% of market participation, where foreigners were net buyers worth EGP11.5 million.

Kenya: NSE 20 +0.03%, USD 5.3m

A rather sluggish start to the week in Nairobi with turnover amounting to $5.3m as foreigners (surprisingly) dominated proceedings and accounted for 56.8% of turnover. A foreign cross in Transcentury (-2.3%) helped boost activity as 6.31m shares traded in the name. Foreigners were also dominant on the buy side in the likes of EABL (85.5%), EQBNK (73%) and Safcom (68.2%). On the news front, inflation for August increased to +8.4%, which is the highest it has been in 2 years.

Mauritius: Semdex +0.02%, USD 620k

The market was absolutely dead in Port Louis today with turnover amounting to USD 620k. Some action in SBM and MCBG were the only names worth mentioning as 5.39m shares and 14.8k shares changed hands in the names respectively.

Nigeria: ASI -0.32%, USD 14m

Another rather dull start to the week in Lagos with value traded amounting to USD 14m. There was some activity in the likes of Access ($2.18m), DangCem ($1.49m), FBNH ($1.18m) and Zenith ($1.06m). Banks fell under the sword today with the Index falling -1.60% as UBA (-3.95%), Zenith (-2.40%) and Access (-1.31%) were amongst the hardest hit. Consumers (-0.44%) also came under some pressure with Guinness (-2.70%) dragging the sector lower.

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

Zimbabwe: Industrials +0.20%, USD 441k

Not much on the go in Harare today with turnover amounting to USD 441k as Innscor ($341k) was the only name worth mentioning. The market closed the day higher with the Industrial Index gaining +0.20%.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.66

-1.60

Nigeria

NGN

162.35

-1.26

Kenya

KES

88.55

-2.54

Mauritius

MUR

30.95

-2.91

Botswana

BWP

8.89

-1.71

Tanzania

TZS

1663.00

-4.39

Uganda

UGX

2610.00

-3.18

Rwanda

RWF

690.76

-2.14

Ghana

GHS

3.82

-37.83

BRVM

XOF

502.32

-4.41

Egypt

EGP

7.15

-2.85

Morocco

MAD

8.48

-3.48

Tunisia

TND

1.74

-5.58

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