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Movers & Shakers: January 13, 2014
Botswana: DCI +0.38%, USD 170k
Activity picked up in Gaborone today but still nothing to write home about as value traded amounted to USD 170k with FNB accounting for 91% of turnover.
Egypt: Closed for the day.
Kenya: NSE 20 -0.84%, USD 4.4m
Activity slowed down in Nairobi today with value traded amounting to $4.4m ahead of tomorrow's MPC meeting. The benchmark rate was held at 8.5% at the last meeting. Safcom was once again the driving force behind turnover as 19.46m shares changed hands in the telco with some form of profit taking as the name fell -0.9% to close at KES 11.65. There was a decent cross in Brtiam after Bloomberg released an article reporting that the company is interested in buying an asset manager.
Mauritius: Semdex -0.14%, USD 918k
Activity slowed down in Port Louis today as value traded amounted to USD 918k with MCB accounting for 62% of turnover. SBM was extremly quiet as 200k shares traded in the name while only 4k shares traded in NMH.
Nigeria: ASI -0.10%, USD 27.9m
With the market closed for a public holiday tomorrow, activity was fairly robust as value traded amounted to $27.9m. Crosses in Oando ($6.3m), Zenith ($3.95m) and WAPCO ($3.4m) drove activity. Banks (+0.09% ) managed to close the day in positive territory with UBA (+1.11%) being the best performer in the tier-1 sector while Access (-3.02%) came under some pressure. Consumers (-0.73%) ended lower with PZ Cussons (-1.89%), Flour Mills (-1.85%) and Nigerian Breweries (-1.13%) dragging the sector lower.
Please note that the index figure above is correct at the time of writing.
South Africa: Top 40 +1.07%, USD 1.15bn
The JSE ended the day higher with the Top 40 index gaining 1.07% to close at 41,269 while value traded amounted to USD 1.15bn. Resources were the day's biggest gainers with the Index gaining 1.27% followed by Financials and Industrials which gained 1.08% and 0.95% respectively. The Rand was trading at 10.73 and 14.65 to the USD and EUR respectively by the time local markets closed.
Zimbabwe: Industrials +0.08%, Mining unch, USD 3.26m
The week opening session did not disappoint with the mainstream industrials posting a 0.08% gain to 204.17pts as the equites market swims against the tide juxtaposed with the economy. Heavies Econet and Old Mutual inspired the gains with a upsurge of 0.79% and 0.63% to 63.5c and 242.01c respectively. The minings were unchanged at 41.97pts without a single counter trading in the resources cluster. Econet was the top counter by value contributing 50% of the stockturn. Foreign purchases were down 13% to $2.6m while foreign divestments eased 31% on prior levels to $1.8m.
African Currencies
|
Country |
Notation |
Currency |
YTD % |
|
South Africa |
ZAR |
10.73 |
-2.29 |
|
Nigeria |
NGN |
159.51 |
+0.50 |
|
Kenya |
KES |
86.25 |
+0.06 |
|
Mauritius |
MUR |
30.20 |
-0.50 |
|
Botswana |
BWP |
8.86 |
-1.27 |
|
Tanzania |
TZS |
1621.00 |
-1.91 |
|
Uganda |
UGX |
2518.50 |
+0.34 |
|
Rwanda |
RWF |
674.42 |
+0.23 |
|
Ghana |
GHS |
2.34 |
+1.28 |
|
BRVM |
XOF |
483.59 |
-0.72 |
|
Egypt |
EGP |
6.95 |
-0.13 |
|
Morocco |
MAD |
8.23 |
-0.58 |
|
Tunisia |
TND |
1.65 |
-0.65 |
- Kenya +254 (714) 646 406
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- Nigeria +234 (1) 342 9185
