Movers & Shakers: June 05, 2014


Botswana: DCI -0.04%, USD 106k

Not much on the go in Gaborone today as value traded amounted to USD 106k.

Egypt: EGX 30 +4.71%, USD 167m

Egypt surged 4.71% to close at 8498 points on high volumes of USD 167m. Institutional buying euphoria led the market rally following news of a consortium of investors aiming for 20% of HRHO, which gained 7.10%, at EGP16/share. There was a strong rally across the board with OTMT up 6.40%, GTHE 6.55%, PHDC 5.48%, COMI 2.39%, and TMGH 6.77%, all trading significantly above average volumes. OCDI rallied 9.91% after the release of solid 1Q2014 results fuelled by robust sales YTD worth EGP1.4 billion and revenue coming in at EGP301 million (+132% y-o-y).

Kenya: NSE 20 -0.43%, USD 13.02m

Activity increased today on the back of an increase in foreign participation with value traded amounting to $13.02m. A large cross in Safcom helped boost activity with 31m shares traded in the telco as the name closed unchanged at KES 12.80. EQBNK managed to close +0.60% higher as foreigners dominated purchases in the name with 3.32m shares traded. A large cross in BCBL (foreign buyer/ local seller) helped boost activity in the name with a total of 8.01m shares traded. A few crosses drove activity in KNCB with foreigners accounting for the bulk of purchases as 2.11m shares traded.

Mauritius: Semdex +0.41%, USD 730k

Acivity dropped off quiet drastically in Port Louis today with value traded amounting to USD 730k. MCBG (22k shares) and ENL Land (116k shares) were the most active counters on an otherwise dull day.

Nigeria: ASI -0.14%, USD 39m

Activity continues to surprise in Lagos as value traded amounted to $39m with banking stocks and the cements leading the way. The key drivers behind activity came in the form of Zenith ($18.37m), WAPCO ($3.45m), Ashaka ($2.18m), NB ($1.83m) and GTB ($1.59m). Banking stocks closed the day ever so slightly lower with the Index falling -0.16% as ETI (-3.71%) was the major drag on the sector. Consumers (-0.27%) also closed lower with some weakness in Dangote Sugar (-3.59%) and NB (-0.43%). There was some form of profit taking in WAPCO (-0.25%) after yesterday's good run.

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

Zimbabwe: Industrials +0.23%, USD 1.15m

It was a much better day in Harare as value traded amounted to USD 1.15m thanks to a cross in Delta ($812k) while only 15k Econet traded. The market closed the day higher with the Industrial Index gaining +0.23%.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.74

-2.36

Nigeria

NGN

163.60

-2.02

Kenya

KES

87.55

-1.43

Mauritius

MUR

30.35

-0.99

Botswana

BWP

8.84

-1.09

Tanzania

TZS

1690.00

-5.92

Uganda

UGX

2565.00

-1.48

Rwanda

RWF

684.51

-1.24

Ghana

GHS

3.10

-23.39

BRVM

XOF

484.72

-0.96

Egypt

EGP

7.15

-2.85

Morocco

MAD

8.24

-0.77

Tunisia

TND

1.63

+0.51

contacts
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  • Nigeria +234 (1) 342 9185

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