Movers & Shakers: June 12, 2014


Botswana: DCI -0.09%, USD 735k

The lion’s share of today’s activity took place in SCHB at 2300t again. Choppies also saw some activity at the 420t level.

Egypt: EGX 30 +0.43%, USD 131m

Egypt managed to end the day in the positive territory yet failed to breach the 8800 level which was a significant resistance. The EGX30 gained 0.43% to close at 8746 points on average volumes of EGP935 million. Profit booking took place in high-beta names with OTMT down 0.75%, CCAP 1.35%, AMER 2.04%, and EGTS 1.56%. Decent buying flows drove COMI 1.04% higher and ODHN 9.84%, trading 3x the average volume. The real estate sector outperformed the market for the third consecutive day, with OCDI up 1.47%, MNHD 1.36% and planning to distribute 0.29:1, and HELI 4.57%.

Kenya: NSE 20 -0.44%, USD 8.3m

A much quieter day in Nairobi. Safcom saw some chunky volumes though with the name closing at KES 12.95 although was starting to look soft just before the close. In the banks we saw weakness in Equity Bank (KES 42.00) while KNCB closed down slightly at KES 49.75. EABL saw some nice crossing with the name closing at KES289.

Mauritius: Semdex -0.31%, USD 3.1m

Once again a number of bookovers increased volumes in Port Louis with a name like Alteo (-29bps, Rs34.40) really active. MCBG closed unchanged at Rs219.75 while SBM slipped by 95bps to Rs1.04.

Nigeria: ASI -0.99%, UD$ 23.1M

Another very quiet start in Lagos although the activity did pick up slightly as the day progressed. There were a couple of crosses, as usual, in the likes of Nestle and Access with general market activity quiet. Banks were up 64bps for the day although performance was very mixed across the sector. Consumers lost -1.79% on the back of big selling NB(-4.97%, N170.11).

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

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.75

-1.67

Nigeria

NGN

163.75

-2.11

Kenya

KES

87.85

-1.76

Mauritius

MUR

30.45

-1.31

Botswana

BWP

8.89

+1.65

Tanzania

TZS

1692.00

-6.03

Uganda

UGX

2565.00

-1.48

Rwanda

RWF

690.03

-2.03

Ghana

GHS

3.10

-23.51

BRVM

XOF

484.32

-0.86

Egypt

EGP

7.15

-2.76

Morocco

MAD

8.28

-1.20

Tunisia

TND

1.65

-0.92

contacts
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  • Nigeria +234 (1) 342 9185

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