Movers & Shakers: April 01, 2014

Botswana: DCI +0.14%, USD 564k

A cross in Sechaba (200k shares) was the highlight of today's session as value traded amounted to USD 564k.

Egypt: EGX 30 +1.47%, USD 97.7m

Finally the market managed to end the day on a positive note after witnessing a notable sell-off over the last three consecutive sessions, leaving the EGX30 to end the day up 1.47% to close at 7,919.72 points. Market volumes were extremely weak relative to recent average turnovers. The market traded a total turnover of USD 97.7m. The market managed to regain some ground lead by notable buying accumulation from institutional investors (GCC and international) benefiting from the recent price hit targeting blue-chips such as COMI, TMGH and HRHO leaving each to end the day up 4.11%, 3.92% and 1.39% respectively. Local investors both retail and institutions continue to be net sellers targeting names such as OTMT, AMER and PIOH leaving each to end the day down 4.80%, 2.56% and 1.16% respectively.

Kenya: NSE 20 +0.29%, USD 5.8m

It was another rather average day in Nairobi as value traded amounted to $5.8m. Foreign particiaption on both sides of EABL drove activity as 882k shares traded in the brewer. Foreign purchase in Kenya Commercial Bank drove proceedings in the name as 1.76m shares changed hands. There was some action in Britam (2.41m shares) as foreigners dominated purchases while locals accounted for all of the sales in the name. Safcom was very quiet as only 2.47m shares traded. ARM Cement retreated 0.6% on largely foreign investor participation after posting a disappointing 8.7% increase in net profits for FY13.

Mauritius: Semdex -0.12%, USD 1.21m

It was a decent start to the week in Port Louis after the long weekend as value traded amounted to USD 1.21m as SBM drove activity with 11.84m shares changing hands on the day. There was alos some action in NMH (82k shares) thanks to a decent cross of 80k shares while Alteo saw some activity as 98k shares traded on the day.

Nigeria: ASI -0.94%, USD 30.4m

Some large crosses in GTB ($10.30m) and Zenith ($5.12m) drove proceedings today as total value traded amounted to $30.4m. There was also some decent activity in NB ($3.09m) and FBNH ($1.91m). Banks (+1.91%) continued to rally today as there were strong performances in Zenith (+4.75%) and GTB (+3.14%). Consumers (-0.75%) closed the day lower with Cadbury (-4.52%), Dangote Flour (-4.69%) and Guinness (-2.50%) putting pressure on the sector. Cements were also weaker with poor performances in WAPCO (-4.57%) and DangCem (-2.86%).

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

Zimbabwe: Industrials +0.19%, Mining unch, USD 753k

Another rather dull day in Harare as value traded amounted to USD 753k. Market heavyweights Delta ($267k) and Econet ($208k) drove activity with some action in BAT ($110k). The market continued to rally today with the Industrial Index gaining 0.19%.

African Currencies