Movers & Shakers: September 13, 2013

Botswana: DCI +0.19%, USD 30k

The word of the day for the Gaborone bourse today is "dull". Nothing of any consequence happened.

Egypt: Market closed for the day

Kenya: NSE 20 +0.35%, USD 4.6m

Foreign activity on the Nairobi bourse dropped significantly today hence driving total turnover down as well. Foreign activity was little more than 50% on the buys and just 20% on the sells. The main players today were the usual suspects and we saw Safcom top the charts with foreign buying and local selling the general theme as the name went ex-div today. A local cross in StanChart made this name the second most active stock for the day. The other names like EABL, KCB, etc saw modest trading activity in a generally dull day.

Mauritius: Semdex +0.06%, USD 997k

The Mauritian market was little changed as a lack of conviction was extremely notable. The Sem-7 actually did see some movement although the index closed down just 7bps. The fallers were SBM (-99bps, Rs1.00), Alteo (-14bps, Rs34.60), ENL Land (-2%, Rs49) and Bramer Banking (-94bps, Rs6.30). This was offset by gains in MCB (+39bps, Rs193) and NMH (+2.78%, Rs74).

Nigeria: ASI -0.35%, USD 13.64m

Another day that felt like groundhog day as volumes remain light punctuated by the odd cross. Today it was Unilever's turn as a chunky cross went through shortly after the open (+2.13%, N60). The banking sector (+20bps) was very quiet with activity in GTB and Zenith about the only thing to write home about. The most notable performer was FBNH which closed up 2.96% at N15.65. As mentioned, the bulk of today's activity in the consumers was in Unilever with all other names rather muted. Dangote Cement saw a cross just before the close as the name closed down 1.55% at N190.

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

South Africa: Top 40 -0.35%, USD 1.1bn

The JSE was weak with the Top 40 closing down 35bps for the day as Golds in particular struggled while trading activity remains light. The rand was trading at R9.94, R13.76 and R13.19 vs the USD, GBP and EUR respectively at the time of writing.

Zimbabwe: Industrials -0.99%, Mining unch, USD 1.31m

A much quieter day in Harare to end the week as volumes dropped significantly with foreign activity severely reduced. The Mining index ended another session unchanged while the weakness was evident in the main Industrials index as it slipped by almost 1 percent. The bulk of today's activity was a cross in CBZ at 13c. The index weakness was yet again attributed to weakness in large caps Delta (-3.9%, 120.09c) and Econet (-90bps, 53.5c). Outside of the usual suspects the market was rather quiet.

African Currencies