Movers & Shakers: September 09, 2014


Botswana: DCI -0.23%, USD 270k

Some activity in Engen (185k shares) accounted for 76% of turnover today as total value traded amounted to USD 270k.

Egypt: EGX 30 -1.06%, USD 135m

The EGX30 fell 0.98% to close at 9600 points on decent volumes of USD 135m. JUFO (+1.98%) led market volumes with a cross of 11 million shares at EGP10.20/share. COMI (+0.19%) ended the day just below EGP48.00/share with 1.6 million shares changing hands. ESRS continued to outperform the market, adding 3.73% at EGP19.18/share. OCDI (2.78%) lead the real estate sector. SWDY (+1.39%) reached a new 3-year high of EGP 41.50/share. Institutional investors were 34% of market participation, ending the day as net sellers worth EGP148 million.

Kenya: NSE 20 +0.27%, USD 10.3m

A vastly improved day in Nairobi as some foreign action (dominated by crosses) spiced up proceedings. Interestingly, foreign activity was skewed to the sell side. Large cap names like Safcom (-1.9%, KES13.25), EABL (-1.4%, KES283), KNCB (-90bps, KES57.00) and Equity Bank (unch, KES48.00) were all very active. There were also a couple of crosses in less liquid names like BATK and Co-op Bank.

Mauritius: Semdex -0.05%, USD 4.81m

An absolutely mammoth day in Port Louis as turnover increased to USD 4.81m thanks to a large cross in MCBG which accounted for 82% of today's activity with 587k shares changing hands in the name. There was a little bit of activity in NMH today as 83k shares traded while things were rather slow going in SBM (2.12m shares).

Nigeria: ASI -0.84%, USD 35.8m

A very active day in Nigeria with the highlight being yet another massive off market cross. Today there was a cross of 1.3bn shares in Ashaka Cement Lafarge Nigeria the seller and Lafarge Africa the buyer as part of Lafarges on-going process to consolidate the South African and Nigerian assets. In the normal market we also saw a vast number of chunky crosses in the likes of UACN, Wapco, DangCem, Nestle, Access, etc. The banking sector ended the day down by 29bps with Tier 1 names dominating the volumes chart with most Tier 1 names ending the day in the red. Consumers were also soft as they shed 21bps although most names were broadly unchanged. The most activity took place in NB, Nestle and UACN. The cements also witnessed some decent activity with some decent action in Wapco (unch, N118) and DangCem (-2.22%, N219.99).

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

Zimbabwe: Industrials -0.40%, USD 1.19m

A much better day in Harare as turnover increased to USD 1.19m thanks to some action in Innscor ($659k), Econet ($180k) and DZL ($105k). The market closed lower with the Industrial Index falling -0.40%.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.94

-4.16

Nigeria

NGN

162.75

-1.51

Kenya

KES

88.65

-2.65

Mauritius

MUR

31.25

-3.84

Botswana

BWP

9.07

-3.63

Tanzania

TZS

1663.00

-4.39

Uganda

UGX

2605.00

-2.99

Rwanda

RWF

689.99

-2.03

Ghana

GHS

3.68

-35.46

BRVM

XOF

512.01

-6.23

Egypt

EGP

7.14

-2.83

Morocco

MAD

8.62

-5.12

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