Movers & Shakers: September 23, 2014


Botswana: DCI +0.06%, USD 1.43m

A much better day in Gaborone thanks to some action in Letshego as 4.72m shares changed hands in the name which accounted for 93% of turnover with total value traded amounting to USD 1.43m. The rest of the market was rather quiet.

Egypt: EGX 30 +0.33%, USD 71m

Another slow session in the Egyptian market today, with the EGX30 up 0.33% to end the day at 9760 points on below average volumes of USD 71m. COMI (-0.20%) ending the day at EGP49.80/share, trading 51 million shares and leading the market volumes. TMGH rallied 2.34%, on strong foreign buying accumulation, ending at the days high of EGP11.39/share. ETEL shed 0.27% following rumors the company will not offer mobile services before year-end. Institutional investors were 33.47% of market participation, while foreign institutions ended the day as net buyers worth EGP5.6million.

Kenya: NSE 20 -0.54%, USD 16.9m

Another very active day in Nairobi which was once again dominated by local investors as total value traded amounted to $16.9m. Local demand in EQBNK helped the name close +0.9% higher as 3.49m shares traded over the day. Foreign interest in KenolKobil was not enough to give the counter a boost as it closed -3.1% lower on 18.78m shares with locals selling the name. A foreign cross in Scangroup helped boost activity in the usually illiquid name with 2.78m shares traded. Local selling pressure in Safcom pushed the telco -0.4% lower.

Mauritius: Semdex +0.08%, USD 2.11m

Another active day in port Louis with turnover amounting to USD 2.11m thanks to some crosses in SBM (25.12m shares). There was also some action in the likes of MCBG (77k shares) and NMH (55k shares).

Nigeria: ASI -1.09%, USD 21.5m

A rather dull day in Lagos as turnover amounted to $21.5m with some action in GTB ($3.31m), Zenith ($2.76m), Oando ($2.65m) and Transcorp ($1.99m). Oando released results today which the market seemingly liked as the counter closed +5.53% higher. Banks came under some serious pressure with the Index falling -1.41% thanks to Zenith (-3.64%), UBA (-1.91%), GTB (-1.79%) and FBNH (-1.64%). There was some profit taking in Consumers (-1.13%) with Glaxo (-7.69%), PZ Cussons (-4.97%) and NB (-2.23%) dragging the sector lower.

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

Zimbabwe: Industrials -0.55%, USD 1.19m

Another decent day in Harare as value traded amounted to USD 1.19m thanks to Econet ($682k), Delta ($230k) and Old Mutual ($130k). The market closed the day lower with the Industrial Index falling -0.55%.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

11.12

-5.70

Nigeria

NGN

163.62

-2.03

Kenya

KES

89.00

-3.03

Mauritius

MUR

31.26

-3.87

Botswana

BWP

9.12

-4.46

Tanzania

TZS

1675.00

-5.07

Uganda

UGX

2625.00

-3.73

Rwanda

RWF

692.49

-2.38

Ghana

GHS

3.62

-34.39

BRVM

XOF

512.88

-6.44

Egypt

EGP

7.14

-2.80

Morocco

MAD

8.63

-5.29

Tunisia

TND

1.77

-7.53

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