Movers & Shakers: July 02, 2014


Botswana: DCI +0.30%, USD 18.80m

A mammoth day in Gaborone as value traded amounted to USD 18.80m thanks to book overs in Sechaba (5m shares) and Sefalana (6m shares). There was also some activity in Letshego as 1.84m shares traded.

Egypt: EGX 30 -0.24%, USD 89m

With the 10% tax approval on capital gains and dividends, in addition to a prison sentence for Nassif Sawiris on tax evasion, the market against all odds took the news fairly well, leaving the EGX30 down 0.24% to close at 8142 points on below average volumes of USD 89m. PHDC (+2.26%) led the market volumes and managed to breach EGP4.00/share at the end of the session. CCAP (+3.98%) saw a cross of 10 million shares at EGP3.80/share. OTMT was up 3.31%, with management extending the Alpha contract in Lebanon, which will be renewed every month due to the unstable political environment in the country. HRHO was down 0.78%, last printing at EGP15.20. So far, offered shares on the OPR screen remain low accounting for 12.7 million shares. Foreign institutions ended the day as net sellers worth EGP124 million, targeting ESRS (-1.76) and MNHD (-0.86%).

Kenya: NSE 20 +0.06%, USD 13.1m

Foreigners continued to dominate activity (52.9%) ever so slightly as turnover increased to $13.1m. There was some profit taking in Britam after yeserday's good run with the counter falling -3.45% on 459k shares, while Housing Finance and EQBNK continued to rally and gained 0.5%. A few decent crosses in EABL drove activity in the brewer as a total of 916k shares traded while the counter gained 3.8% on foreign buying interest. Foreign purchases drove activity in both KNCB (91.7%) and Safcom (94.2%) as the later gained 2.4%.

Mauritius: Semdex +0.03%, USD 990k

A sub par day in Port Louis as value traded amounted to USD 990k. MCBG (56k shares) was the most active counter followed by SBM (70.9m shares) while activity remains muted in NMH as 1.6k shares traded.

Nigeria: ASI unch, USD 27.6m

It was an average day in Lagos as value traded amounted to $27.6m with the likes of FBNH ($7.19m), Oando ($3.39m), GTB ($3.17m) and Zenith ($1.88m) driving activity. Banks closed the day lower with some weakness in Zenith (-1.37%), Access (-0.92%) and UBA (-0.75%). Consumers (-0.31%) also closed the day lower with Guinness (-3.02%) and Cadbury (-2.50%) dragging the sector lower.

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

Zimbabwe: Industrials +0.11%, USD 961k

Another rather average day in Harare as value traded amounted to USD 961k with Delta ($509k) and Innscor ($153k) driving activity. The market closed higher with the Industrial Index gaining +0.11%.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.74

-2.36

Nigeria

NGN

162.75

-1.51

Kenya

KES

87.73

-1.62

Mauritius

MUR

30.20

-0.50

Botswana

BWP

8.84

-1.09

Tanzania

TZS

1665.00

-4.50

Uganda

UGX

2615.00

-3.37

Rwanda

RWF

680.50

-0.66

Ghana

GHS

3.38

-29.73

BRVM

XOF

483.45

-0.66

Egypt

EGP

7.15

-2.87

Morocco

MAD

8.22

-0.53

Tunisia

TND

1.68

-2.49

contacts
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  • South Africa +27 (11) 243 9030
  • Nigeria +234 (1) 342 9185

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