Movers & Shakers: September 11, 2014


Botswana: DCI +0.06%, USD 2.25m

It was a much better day in Gaborone as turnover increased to USD 2.25m thanks to some action in Letshego (6.38m shares).

Egypt: EGX 30 -1.16%, USD 99m

The Egyptian market got hit for the fourth consecutive day, continuing yesterdays profit-taking affected mainly by Suez Canal CDs. The EGX30 plunged 1.16% to close at 9,475 points on average volumes of USD 99m. PHDC (-1.81%) came in the lead, witnessing selling pressure mid-session reaching a low of EGP4.15/share, yet managed to end the day at EGP4.35/share. COMI and GTHE ended the session in the green zone, adding 0.38% and 0.78%, respectively. Institutional investors were 36% of market participation, while foreign institutions ended the day as net buyers worth EGP64 million.

Kenya: NSE 20 -0.55%, USD 8.2m

Foreign activity was much reduced yet remains skewed to the sell side. There was some crossing in BMBC today (-1.9%, KES157) while on the large caps there was decent activity in Safcom (unch, KES12.95), KNCB (+90bps, KES57.50) and Equity Bank (-40bps, KES281). The newly listed NSE also saw some decent trading as it gained 9.8% to KES19.60.

Mauritius: Semdex +0.22%, USD 5.04m

It was another enormous day in Port Louis thanks once again to banking giant MCBG as a total of 650k shares traded in the name which accounted for 86% of market turnover with total value traded on the day amounting to USD 5.04m. Unfortunately the rest of the market was very quiet.

Nigeria: ASI -0.31%, USD 19.1m

Despite a flurry of activity towards the close it was still a much quieter day in Lagos. Banks closed slightly lower on the day with some chunky trading in the Tier 1 names. There was decent activity in the likes of GTB (-67bps, N29.80), UBA (-1.37%, N7.20), Zenith (unch, N24.00) and Access (+2.08%, N9.80). Consumers ended the day broadly unchanged with NB (+3bps, N177.06) the most active stock. Oando saw yet another day of active trading as it closed down 1.91% at N25.20.

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

Zimbabwe: Industrials -0.16%, USD 1.49m

Things slowed down in Zim today but it was still rather decent with turnover amounting to USD 1.49m thanks mostly to some action in Econet and DZL. Innscor and NatFoods both released FY 2014 results after the close yesterday. The market closed the day lower with the Industrial Index falling -0.16%.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.96

-4.32

Nigeria

NGN

162.77

-1.52

Kenya

KES

88.80

-2.82

Mauritius

MUR

31.25

-3.84

Botswana

BWP

9.07

-3.63

Tanzania

TZS

1665.00

-4.50

Uganda

UGX

2605.00

-2.99

Rwanda

RWF

689.63

-1.98

Ghana

GHS

3.60

-34.04

BRVM

XOF

510.08

-5.88

Egypt

EGP

7.14

-2.80

Morocco

MAD

8.59

-4.81

Tunisia

TND

1.76

-6.61

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