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Movers & Shakers: July 15, 2014
Botswana: DCI -0.04%, USD 93k
Activity picked up in Gaborone but it was still nothing to write home about as value traded amounted to USD 93k with G4S being the most active name on the day.
Egypt: EGX 30 +1.12%, USD 87m
The Egyptian market gained for the second consecutive day, breaching the 8600 resistance level. The EGX30 gained 1.12% to end the day at 8603 points on lower-than-average volumes of USD 87m. The index proxy COMI (+1.35%) led the market in terms of volume, trading 1.5x the three-month average volume. Strong performance in the real estate sector: TMGH gained 3.64%, PHDC 1.44%, OCDI 4.65%, and HELI 3.52%. Vimpelcom offered to renew a shareholder loan to GTHE (-1.15%) for another 37 months, providing sufficient time to conclude the Algeria transaction. SUGR (-0.46%) will increase sugar prices starting February 2015 to cover increasing costs of production due to the fuel and electricity price increases.
Kenya: NSE 20 -0.25%, USD 38.8m
Turnover improved today in Nairobi. The most active stocks were the banks with both Equity Bank and KNCB seeing action from local and foreign investors. Both the banks were strong with Equity Bank closing at KES 45.00 and KNCB rising to KES 52.00 and were strong into the close. ARM saw predominantly local trading while EABL was mostly traded by foreign investors and closed unchanged at KES300. Safcom had a mixed day and closed marginally down at KES12.30.
Mauritius: Semdex -0.38%, USD 1.04m
It was a better day in Port Lous as turnover increased to USD 1.04m thanks to some action in MCBG as 60k shares changed hands. Banking stocks closed the day lower with MCBG (-0.95%) and SBM (-0.94%) coming under pressure. Things were rather slow going in NMH as only 4k shares traded.
Nigeria: ASI +0.10%, USD 18.7m
A dull day in Lagos. Banks rose by 25bps mostly on the back of strength in UBA (+3.06%, N8.09) while all other names were generally unchanged. As usual the action was focused on the Tier 1 names with FBNH and GTB seeing the lion’s share of the activity. Consumers slipped by 30bps although the sector was generally quiet. The fallers included NB (-1.36%, N172.22) and Guinness (-74bps, N198.02). Cements saw some decent activity for a change with DangCem (unch, N240.99) and Wapco (+4.07%, N117.60) both seeing good action. Oando and Transcor remain heavily traded and closed at N27.70 and N5.82 respectively.
Please note that the index figure above is correct at the time of writing.
Zimbabwe: Industrials -0.24%, USD 754k
It was a rather dull day in Harare as value traded amounted to USD 754k with OK Zim ($232k), Seedco ($208k) and Delta ($155k) driving activity while only 15k Econet traded. The market continued to slide with the Industrial Index falling -0.24%.
African Currencies
|
Country |
Notation |
Currency |
YTD % |
|
South Africa |
ZAR |
10.66 |
-1.57 |
|
Nigeria |
NGN |
161.90 |
-0.99 |
|
Kenya |
KES |
87.73 |
-1.62 |
|
Mauritius |
MUR |
30.28 |
-0.76 |
|
Botswana |
BWP |
8.81 |
-0.87 |
|
Tanzania |
TZS |
1660.00 |
-4.22 |
|
Uganda |
UGX |
2635.00 |
-4.10 |
|
Rwanda |
RWF |
680.50 |
-0.66 |
|
Ghana |
GHS |
3.38 |
-29.84 |
|
BRVM |
XOF |
485.50 |
-1.13 |
|
Egypt |
EGP |
7.14 |
-2.83 |
|
Morocco |
MAD |
8.24 |
-0.89 |
|
Tunisia |
TND |
1.70 |
-3.40 |
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