Movers & Shakers: September 19, 2014

Botswana: DCI +0.17%, USD 1.11m

A much better day in Gaborone as value traded amounted to USD 1.11m thanks to Sefalana (500k shares), Sechaba (100k shares) and FNBB (554k shares).

Egypt: EGX 30 +0.43%, USD 79m

The Egyptian market continues to be stuck in a narrow range on low volumes of USD 79m. The EGX30 added 0.43% to close at 9575 points. The market started the day with a down tick led by pressure from foreign and Gulf institutions, targeting GTHE (-0.19%), EAST (-2.86%), and SVCE (-1.33%). COMI (+1.88%) led market volumes on strong local institutional buying appetite, and marking a new all-time high of EGP49.00/share. Institutional investors were 39.60% of market participation, while local institutions ended the day as net buyers worth EGP30.3 million.

Kenya: NSE 20 -0.16%, USD 9.47m

Some action in Nairobi as local investors still dominate volumes and foreign participants remain skewed to the sell side. The most active name was yet again Safcom with the telco driven by foreign selling (-2.72%, KES 12.50). Equity Bank was virtually 100% locally traded as it ended the day at KES 51.50 while KNCB slipped by 85bps to KES 58.50 and was also heavily traded by local participants.

Mauritius: Semdex -0.21%, USD 2.57m

Activity returned to Port Louis today as turnover increased to USD 2.57m thanks to crosses in market heavyweights MCBG (169k shares) and SBM (17.01m shares). There was also some activity in NMH as 82k shares traded.

Nigeria: ASI +0.20%, USD 17.5m

Activity picked up as the day progressed but it was still a generally quiet day in Lagos. Banks closed the day lower by 52bps with most of this weakness due to UBA (-3.27%, N6.80). Activity was concentrated in Zenith (+21bps, N24.25) and GTB (+56bps, N28.61). Consumers rose by a modest 16bps thanks mostly to NB (+60bps, N176.05) and Nestle (+6bps, N1010.60). In the cements we saw decent action in DangCem (+91bps, N222).

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

Zimbabwe: Industrials -0.27%, USD 1.38m

A solid enough day in Harare as value traded amounted to USD 1.38m with the likes of Innscor ($361k), Seedco ($355k) and Delta ($218k) driving proceedings. The market closed the day lower with the Industrial Index falling -0.27%.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.92

-3.95

Nigeria

NGN

163.40

-1.90

Kenya

KES

89.40

-3.47

Mauritius

MUR

31.25

-3.84

Botswana

BWP

9.05

-3.32

Tanzania

TZS

1665.50

-4.53

Uganda

UGX

2613.00

-3.29

Rwanda

RWF

690.76

-2.14

Ghana

GHS

3.61

-34.29

BRVM

XOF

508.93

-5.65

Egypt

EGP

7.14

-2.83

Morocco

MAD

8.58

-4.55

Tunisia

TND

1.76

-6.97
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