Movers & Shakers: September 30, 2013

Botswana: Closed for the day.

Egypt: EGX 30 -0.83%, USD 72m

The market continues to witness profit booking today lead by international institutions and GCC retail investors, leaving the EGX30 to end the day down 0.83% to close at 5,620.53 points. Volumes continues to be strong, the market traded a total turnover of USD 72m, its worth mentioning that the market witnessed several notable crosses in names such as JUFO, EAST and MOIL. The market continued with its profit booking sentiment pressured by international institutions and local retail targeting names such as HRHO, OTMT and EFIC leaving each to end the day down 1.98%, 1.67% and 1.66% respectively, it’s worth mentioning that the real-estate sector witnessed notable pressure today, leaving names such as OCDI, PHDC and TMGH ending the day down 2.36%, 2.08% and 0.99% respectively.

Kenya: NSE 20 +0.53%, USD 6.5m

Local investors dominated activity in Nairobi today as value traded amounted to $6.5m. Foreign demand continues to drive both volume and performance in EABL as the brewer gained an impressive 3.5% to close at KES 329.00 as 311k shares changed hands. Foreign investors also dominated demand in Safcom as the telco gained 1.80% after last week's sell-off with 7.22m shares trading over the day. Foreign selling was however prevalent in Bamburi Cement with 272k shares traded. September inflation rose 1.63% to 8.30% from 6.67% in August.

Mauritius: Semdex +0.13%, USD 2.89m

Very active day to start the week in Port Louis as value traded amounted to USD 2.89m thanks to a number of large crosses in MCB as a total of 276k shares traded in the name. NMH was very active today as a total of 105k shares traded with the counter closing flat at Rs80.00. SBM was very quiet today with 929k shares traded.

Nigeria: ASI +0.41%, USD 18.99m

Today marked the dawn of a new era in Lagos (lets hope so) as it was the first day that the new trading platform (X-Gen) was used. There were however a few hiccups as expected as the price feed to bloomberg was not updating correctly. However, value traded was a much improved $18.99m on the last trading day of the thrid quarter with Banking stocks Zenith Bank and Guranty Trust Bank driving activity. Acitvity picked drastically in Nigerian Brweries in the last ten minutes of the session as a very aggressive buyer came in and lifted the stock to close at N165.00 after it was trading in negative territory for most of the session. Both major sectors closed the day in positive territory as the Consumer goods Index gained +0.73% while the Banking Index gained 0.56%. Please note that the Nigerian market will be closed tomorrow due to a public holiday.

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

South Africa: Top 40 -0.82%, USD 1.48bn

The JSE ended the day lower with the Top 40 Index falling 0.82% to close at 39,449 while value traded amounted to USD 1.48bn. Resources were the day's biggest losers with the Index falling 0.87% followed by Financials and Industrials which fell 0.83% and 0.74% respectively. The Rand was trading at 10.06 and 13.59 to the USD and EUR respectively by the time local markets closed.

Zimbabwe: Industrials +1.05%, Mining +0.78%, USD 464k

Gains attributable to blue chip stocks saw the mainstream index firming +1.05% to 200.05pts effectively closing in on its all time high of 232.87pts. Notable gains were realized in Dairibord, notching +5.28% up to 20c. This comes in the midst of government’s pronouncement that cheap imports must be curbed so as to protect local industry. However clear policy guideline has not been articulated as yet. Econet continued its merry way advancing +1.61% to 63c albeit on waning demand whilst Delta and Seedco firmed +1.22% to close at 124.01c and 83c respectively. Aggregate volumes traded eased -54.19% as only 3.2m shares exchanged hands whilst value traded fell to $464k.

African Currencies