Movers & Shakers: February 11, 2014

Botswana: DCI -0.36%, USD 106k

Very dull day in Gaborone as value traded amounted to USD 106k with Choppies and FNB being the most active.

Egypt: EGX 30 +0.14%, USD 120m

The market traded on mixed sentiment today with the EGX30 ending the day up 0.14% to close 7,498.66 points. The market continues to trade healthy volumes, with a total turnover of USD 120m. The market started the day with negative sentiment as local retail investors were notable net sellers, pushing the market to reach a low of 7,443.19 points. Investors targeted mid/small caps such as MEPA(-1.40%), AMER(-1.60%), and EIUD(-1.34%). In the last hour of trading, local and GCC institutions managed to lift the market to trade in the greens, targeting names such as PIOH, ACGC and ETEL each ending the up 1.43%, 1.67%, and 1.43%, respectively.

Kenya: NSE 20 +0.31%, USD 10.5m

Activity increased in Nairobi today as foreign particiaption jumped to 59.3% as value traded amounted to $10.5m. Foreigners were however net sellers and accounted for 70% of total sales. Banks had a good day from a performance point of view with Equity Bank, CFC Stanbic, Kenya Commercial Bank and Co-op Bank all closing higher thanks to local investor demand. EABL continued to come under pressure and fell -0.8% to close at KES 257.00.

Mauritius: Semdex -0.07%, USD 1.4m

A mixed day in Port Louis as the market couldn’t quite find any direction. The banks continue to dominate volumes as we saw MCB rise by 12bps to Rs209 while SBM ended unchanged at Rs1.06. NMH fell by 30bps to Rs83 while ENL Land slipped by 94bps to Rs47.35.

Nigeria: ASI -0.48%, USD 27.2m

A couple of local crosses once again dominated the landscape although volumes in the Tier 1 banks were much improved. The ASI did shed another 48bps with banks (-1.14%) and consumers (-70bps) both soft. Tier 1 names were active and generally soft although GTB bucked this trend by gaining 1.66% to N27.50 on good volumes. NB was very active as it lost 85bps to N152.20 with almost $3m changing hands in the name. The rest of the consumers were rather quiet.

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

South Africa: Top 40 -0.05%, USD 1.47bn

The JSE ended the day lower with the Top 40 Index falling 0.05% to close at 41,299 while value traded amounted to USD 1.47bn. Financials were the day's biggest losers with the Index falling 0.48% followed by Industrials which fell 0.41% while Resources gained 0.69%. The Rand was trading at 11.05 and 15.07 to the USD and EUR respectively by the time local markets closed.

Zimbabwe: Industrials -0.13%, Mining -3.34%, USD 290k

The Harare bourse continues to dry up alarmingly. The overall lack of interest is quite palpable. Delta fell slightly by 79bps to 126c while Econet remains stable at 61c albeit on tiny volumes.

African Currencies