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Movers & Shakers: August 14, 2014
Botswana: DCI +0.17%, USD 323k
Not much on the go in Gaborone as value traded amounted to USD 323k with Sefalana accounting for 84% of turnover.
Egypt: EGX 30 +1.06%, USD 126m
Egypt closed strongly (+1.06%) at 9386 points reaching a new 6-year high on good volumes of USD 126m. This marks its fourth straight day of gains, ending the week up 2.5%. HRHO (+2.58%) reported strong 2Q2014 results with net profit of EGP188 million compared to a EGP80 million loss the previous year. OCDI's (+3.75%) 1H2014 net profit jumped to EGP90.5 million from EGP49.1 million last year, up 84.3% y-o-y. TMGH (-0.71%) reported solid 2Q2014 results, with revenue in at EGP1,542 million, an increase of 69.8% y-o-y on land sales and deliveries. ETEL's (-0.80%) gross profit for 2Q2014 totaled EGP2,192 million, up 108.0% y-o-y. The board proposed a USD0.05 DPS for FY2014. PHDC (-0.89%) received a bridge loan worth EGP400 million from NBE and AAIB until the company receives the EGP2.4 billion syndicated loan to finance the construction of a number of PHD’s projects.
Kenya: NSE 20 +0.18%, USD 6.6m
It was a better day in Nairobi but still nothing to write home about as value traded amounted to $6.6m with local investors (72.7%) still dominating proceedings. EQBNK put on a solid performance with the name gaining +1.1% on 3.12m shares. Foreigners (98.6%) dominated sales in EABL, but the brewer still managed to close +0.3% higher. Safcom was rather dull as 7.3m shares traded in the telco.
Mauritius: Semdex +0.15%, USD 1.87m
A much better day in Port Louis as value traded amounted to USD 1.87m thanks to a large cross in MCBG as 202k shares traded in the name while the rest of the market was extremely quiet. Please note that the market will be closed tomorrow for a public holiday.
Nigeria: ASI -0.01%, USD 13.9m
From bad to worse in Lagos as turnover fell to $13.9m with some mild activity in the likes of Zenith ($1.55m), Oando ($1.16m) and FBNH ($937k) the only names worth mentioning. Banks (-0.84%) closed lower with FBNH (-3.23%) taking a beating while GTB (-1.39%) and ETI (-1.15%) also came under pressure. Consumers (-1.09%) were also weak as NB (-2.45%) and Guinness (-1.52%) dragged the sector lower.
Please note that the index figure above is correct at the time of writing.
Zimbabwe: Industrials +0.31%, USD 2.92m
A rather active day in Harare as value traded amounted to USD 2.92m thanks to a large cross in Bindura ($1m) while there was some solid action in Innscor ($781k), Seedco ($369k) and Econet ($242k). The market closed higher with the Industrial Index gaining +0.31%.
African Currencies
|
Country |
Notation |
Currency |
YTD % |
|
South Africa |
ZAR |
10.54 |
-0.48 |
|
Nigeria |
NGN |
162.33 |
-1.25 |
|
Kenya |
KES |
88.10 |
-2.04 |
|
Mauritius |
MUR |
30.61 |
-1.83 |
|
Botswana |
BWP |
8.81 |
-0.96 |
|
Tanzania |
TZS |
1660.00 |
-4.22 |
|
Uganda |
UGX |
2615.00 |
-3.37 |
|
Rwanda |
RWF |
690.00 |
-2.03 |
|
Ghana |
GHS |
3.86 |
-38.47 |
|
BRVM |
XOF |
492.89 |
-2.60 |
|
Egypt |
EGP |
7.15 |
-2.84 |
|
Morocco |
MAD |
8.36 |
-2.12 |
|
Tunisia |
TND |
1.71 |
-3.83 |
- Kenya +254 (714) 646 406
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