Movers & Shakers: September 15, 2014

Botswana: DCI -0.04%, USD 62k

A dull day in Gaborone with nothing notable to report on.

Egypt: EGX 30 +0.20%, USD 66.7m

Slow session in Egypt today. The EGX30 added 0.2% to close at 9446 points on low volumes of EGP477 million. TMGH (-1.63%) topped the market volume with 3.8 million shares changing hands and MNHD was down 0.69%, while other real estate names, HELI, PHDC and OCDI gained 5.1%, 0.69%, and 1.18%, respectively. ADIB (+1.7%) grants Egyptian Drilling Company a seven-year financing facility worth USD60 million to finance company operations, the bank also grants MOIL (0.0%) a six-month financing facility worth USD25 million renewable for five years. Institutional investors were 35.95% of market participation, while foreign institutions ended the day as net sellers worth EGP7.2 million.

Kenya: NSE 20 +0.26%, USD 9.8m

It was a solid start to the week in Nairobi with turnover increasing slightly to $9.8m. Foreigners dominated proceedings in Safcom as 16.07m shares changed hands in the telco. Local demand in EQBNK (+4%) drove the counter higher as 3.25m shares traded. Locals also dominated purchases in KNCB as the bank managed to gain +1.7%. There was a large cross in TCL as 1.95m shares traded in the usually illiquid name. KenolKobil retreated 1.7% despite foreign investor buying. The Energy Regulatory Commission (ERC) announced price cuts for petroleum products due to lower crude oil prices.

Mauritius: Semdex -0.04%, USD 4.57m

Another active day in Port Louis. The Sem-7 shed 3bps for the day with NMH the main culprit (-2.27%, Rs86). Gainers included MCBG (+24bps, Rs209), ENL Land (+60bps, Rs50) and Ciel (+85bps, Rs7.10). In other news, tourist arrivals for August were announced which showed an increase of 12.8% compared to the previous year with particular upside from the Netherlands and the UK.

Nigeria: ASI +0.24%, USD 12.2m

It was an extremely slow start to the week in Lagos with turnover amounting to a very dull $12.2m. There was some activity in the likes of GTB ($2.14m), Zenith ($1.65m) and Oando ($1.27m). Banks came under a bit of pressure with the Index falling -1.05% as GTB (-3.05%), Access (-1.63%) and Zenith (-1.53%) dragged the sector lower. Consumers (-0.29%) also closed lower with weakness in Cadbury (-4.89%) and NB (-0.60%).

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

Zimbabwe: Industrials -1.03%, USD 1.07m

Profit taking was witnessed in a couple of stocks today in Harare. Almost the entire volumes today took place in Econet (80c) and Delta (131c) in a generally quiet session.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.98

-4.53

Nigeria

NGN

162.85

-1.57

Kenya

KES

88.95

-2.98

Mauritius

MUR

31.50

-4.60

Botswana

BWP

9.10

-3.89

Tanzania

TZS

1660.00

-4.22

Uganda

UGX

2607.50

-3.09

Rwanda

RWF

690.76

-2.14

Ghana

GHS

3.61

-34.22

BRVM

XOF

509.88

-5.82

Egypt

EGP

7.14

-2.83

Morocco

MAD

8.59

-4.66

Tunisia

TND

1.76

-6.83
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