Movers & Shakers: September 02, 2014


Botswana: DCI -0.15%, USD 582k

Action was focused on the names BIHL (1130t) and Letshego (254t) while there was also some minor activity in NAP (212t) and Barclays (424t).

Egypt: EGX 30 +1.82%, USD 154m

Strong bullish momentum continues to drive the Egyptian market higher to finally breach the 9500 level on its fifth attempt, leading the EGX30 to end the day up 1.82% to close at 9623 points on strong volumes of EGP1.1 billion. Local institutions were the main market drivers, ending the day as net buyers worth EGP98.8 million and targeting blue chips. COMI up 2.61% and TMGH gained 2.86%. SWDY rallied 2.72% following a strong operational set of results in 2Q2014 on outstanding cables profitability. HRHO (+3.98%) reached a new 3-year high of EGP19.00/share with 3.3 million shares changing hands. PHDC and OCDI both gained 1.83% and 2.63%, respectively.

Kenya: NSE 20 +0.43%, USD 5.7m

Another rather dull day in Nairobi with turnover amounting to $5.7m as foreigners (61.4%) continue to dominate proceedings. Foreign purchases (98.4%) pushed Safcom higher as the telco managed to gain 0.4% on 8.67m shares. Foreigners also dominated purchases in blue chips EABL (93.9%), EQBNK (91.5%) and KNCB (80.6%). Centum closed unchanged despite an announcement that they had won a contract in conjunction with Gulf Ennergy to develop a 1,000MW coal-fired plant in Lamu worth $2bn.

Mauritius: Semdex +0.09%, USD 3.8m

Some chunky activity across a variety of names in Port Louis today. In the Sem-7 there was decent activity across the board with gains for NMH (+29bps, Rs87.00) and ENL Land (+10bps, Rs49.55). Terra slipped by 14bps to Rs 36.45 while MCBG and SBM closed unchanged at Rs208.75 and Rs1.06 respectively.

Nigeria: ASI -0.32%, USD 40m

A much better day in Lagos with turnover amounting to a very pleasing $40m thanks to a rather large cross in market heavyweight DangCem ($18.77m). There was also some action in the likes of Transcorp ($3.76m) after yesterday's announcement while GTB ($2.25m), Zenith ($2.01m) and FBNH ($1.61m) were also big contributors. Banks (+0.01%) closed slightly higher with Zenith (+2.46%) being one of the stronger names while Access (-4.91%) came under some serious pressure. Consumers (-0.76%) closed lower with Dangote Flour (-5.00%), Dangote Sugar (-2.86%) and Nestle (-2.32%) being the major drags on the sector.

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

Zimbabwe: Industrials +0.25%, USD 2.22m

Activity was much improved in Zimbabwe today although this was mostly on the back of some action in the very illiquid Astra ($918k). In normal trading there was decent activity in the likes of Delta (136.01c), Innscor (75.5c), Seedco (95c) and Old Mutual (285.11c).

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.74

-2.32

Nigeria

NGN

162.40

-1.29

Kenya

KES

88.65

-2.64

Mauritius

MUR

31.02

-3.13

Botswana

BWP

8.94

-2.14

Tanzania

TZS

1662.00

-4.33

Uganda

UGX

2610.00

-3.18

Rwanda

RWF

691.02

-2.17

Ghana

GHS

3.79

-37.47

BRVM

XOF

502.97

-4.54

Egypt

EGP

7.15

-2.83

Morocco

MAD

8.50

-3.72

Tunisia

TND

1.74

-5.65

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