Movers & Shakers: September 22, 2014


Botswana: DCI +0.11%, USD 668k

A solid enough start to the week in Gaborone (relatively speaking) as value traded amounted to USD 668k thanks to Sechaba (153k shares), G4S (225k shares) and Choppies (131k shares).

Egypt: EGX 30 +0.10%, USD 90m

Egypt continues to trade range bound, with no new catalyst to push the market higher. The EGX30 inched 0.10% up to close at 9728 points on lower volumes of USD 90m. There was strong buying accumulation from foreign institutions, ending day as net buyers worth EGP30 million, and targeting mainly HRHO (+1.35%), MNHD (1.48%), COMI (+0.95%), and ETEL (+0.34%). Local profit-taking continued to pressure high-beta stocks HELI (-2.54%), AMER (-3.42%), and PIOH (-1.50%). PHDC (-1.81%) sold its 26% stake in Middle East Company for Investment & Touristic Development to speed up the construction process of its current projects, namely Hacienda Bay and Hacienda White one and two.

Kenya: NSE 20 +1.86%, USD 17.5m

An extremely active day in Nairobi as turnover amounted to a very impressive $17.5m with local investors (58.4%) still dominating proceedings. Local buyers drove action in Safcom while foreigners dominated sales as 28.53m shares traded in the telco. KNCB (+0.8%) and EQBNK (2.6%) had a very solid day on local demand as 4.59m shares and 4.43m shares traded in the names respectively. EABL (-1.5%) continues to come under pressure on the back of foreign selling.

Mauritius: Semdex -0.11%, USD 1.04m

It was a better day in Port Louis as turnover increased to USD 1.04m thanks mostly to SBM as 15.15m shares changed hands in the name while the likes of MCBG (16k shares) and NMH (12k shares) were very quiet.

Nigeria: ASI -0.16%, USD 25.5m

It was a decent start to the week from an activity point of view in Lagos with turnover amounting to USD 25.5m. Key drivers behind today's activity came in the form of FBNH ($5.62m), Nestle ($4.05m), ETI ($2.31m), NB ($2.17m) and Zenith ($1.47m). Banks took a bit of strain today with the Index falling -1.01% as ETI (-4.74%), UBA (-2.01%), FBNH (-1.55%) and GTB (-1.52%) all weighed on the sector. Consumers (+0.33%) continued to rally thanks to the likes of PZ Cussons (+2.91%) and Nestle (+1.90%).

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

Zimbabwe: Industrials +0.30%, USD 2.26m

It was a much better day in Harare with tunover increasing to USD 2.26m thanks to a cross in NatFoods ($1.74m) with some action in Delta ($231k) and Econet ($224k). The market closed the day higher with the Industrial Index gaining 0.30%.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

11.16

-6.01

Nigeria

NGN

163.85

-2.17

Kenya

KES

88.70

-2.71

Mauritius

MUR

31.30

-3.99

Botswana

BWP

9.16

-4.51

Tanzania

TZS

1670.50

-4.82

Uganda

UGX

2620.00

-3.55

Rwanda

RWF

692.51

-2.38

Ghana

GHS

3.20

-25.79

BRVM

XOF

510.85

-6.01

Egypt

EGP

7.14

-2.81

Morocco

MAD

8.65

-5.45

Tunisia

TND

1.78

-7.75

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