Movers & Shakers: September 04, 2014


Botswana: DCI +0.14%, USD 26k

Dead quiet in Gaborone with nothing to report as turnover amounted to USD 26k

Egypt: EGX 30 +0.24%, USD 135m

The Egyptian market managed to end the week in the green zone, with the EGX30 adding 0.24% to close at 9650 points on decent volumes of USD 135m. ETEL rallied 5.78% to end the day at EGP15.00/share on aggressive buying appetite, with 5 million shares changing hands, on the back of the unified license approval and the Vodafone stake sale. GTHE followed ETELs footsteps to end the day up 0.75% on average volumes. ESRS surged 2.59% on strong local interest ending at the days high of EGP17.87/share. Institutional investors were 41% of market participation, while local institutions ended the day as net buyers worth EGP16 million.

Kenya: NSE 20 -0.12%, USD 9.0m

Activity continued to increase in Nairobi with value traded amounting to $9.0m as foreigners dominated proceedings ever so slightly and accounted for 51.8% of turnover. Foreign interest in the likes of EQBNK and ARM boosted activity in the counters as 3.66m shares and 2.05m shares traded in the names respectively. There was some profit taking in Safcom as the telco fell -1.5%. There was a local cross in the usually quiet NMG as 220k shares changed hands.

Mauritius: Semdex -0.06%, USD 2.31m

Another good day in Port Louis from a turnover point of view as total value traded amounted to USD 2.31m thanks largely to banking giant MCBG as 146k shares traded in the name. There was also a large cross in SUN as 277k shares changed hands. The rest of the market was rather quiet.

Nigeria: ASI -0.46%, USD 21.7m

A better day in Lagos with turnover increasing to $21.7m thanks to some crosses in the likes of NB ($3.16m), Transcorp ($2.77m), Fidelity ($2.34m) and ETI ($1.83m). QNB announced that they will be acquiring 12.5% in ETI. Banks closed the day lower with the Index falling -0.47% with weakness in GTB (-2.30%) and FBNH (-0.89%) while ETI gained +2.35% after the announcement. Consumers (-0.63%) also closed lower with Cadbury (-3.15%), Dangote Sugar (-2.04%) and Nestle (-1.53%) dragging the sector lower.

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

Zimbabwe: Industrials +0.28%, USD 1.27m

Activity dropped off in Harare but it was still a rather solid day with turnover amounting to USD 1.27m thanks to some action in the likes Econet ($575k), Delta ($212k and Innscor ($145k). The market closed the day higher with the Inudstrial Index gaining +0.28%.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.65

-1.54

Nigeria

NGN

162.00

-1.05

Kenya

KES

88.60

-2.60

Mauritius

MUR

30.97

-2.99

Botswana

BWP

8.88

-1.57

Tanzania

TZS

1663.00

-4.39

Uganda

UGX

2605.00

-2.99

Rwanda

RWF

690.14

-2.05

Ghana

GHS

3.79

-37.46

BRVM

XOF

505.61

-5.32

Egypt

EGP

7.14

-2.76

Morocco

MAD

8.55

-4.36

Tunisia

TND

1.75

-6.22

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