Movers & Shakers: June 17, 2014


Botswana: DCI -0.30%, USD 170k

Some mild activity in Choppies (420t), RDCP (202t) and Stanchart (1200t) in an otherwise dull day.

Egypt: EGX 30 -1.47%, USD 114m

The Egyptian market was hit for a third consecutive day with the EGX30 down 1.47% on below average volumes of EGP816 million. OCDI continued to outperform the market, gaining 2.40% on twice the three-month average volume marking the highest close in three years at EGP34.23. The usual names were hit the most with OTMT (-5.3%) leading market volume. AMER (-3.60%) traded two-thirds the three-month average and ACGC plunged 6.32%. Institutional investors (local and gulf) ended the day as net sellers by EGP103.4 million, targeting blue-chip COMI (-1.45%), HRHO (-1.12%), and GTHE (-1.45%).

Kenya: NSE 20 -0.17%, USD 2.55m

The Nairobi bourse continued to weaken amidst the backdrop of the terror attacks. Turnover also remains subdued with foreign participation lower than normal and in fact heavily skewed to the sell side in today’s session. Safcom was the most active stock and closed unchanged at KES 12.85 with almost entirely foreign selling and local buying while EABL lost 3.8% to KES 276. The banks had a mixed day – KNCB lost 50bps to KES 49.75 while Equity Bank rose by 1.2% to KES 43.25.

Mauritius: Semdex -0.17%, USD 2.55m

The Port Louis bourse remains rather active with today’s cross taking place in Innodis (unch, Rs56.75) while there was also decent activity in Lottotech (+84bps, Rs11.95). The Sem-7 saw some activity with both banks closing weak. MCBG lost 46bps to Rs218 while SBM shed 95bps to Rs1.04.

Nigeria: ASI -0.76%, USD 25.3m

Once again crosses dominated the Nigerian bourse with general trading rather muted. Banks fell by 2.83% as Tier 1 names took a pounding. All Tier 1 names closed in the red with the biggest losers being ETI (-6.62%, N14.82) and GTB (-4.43%, N30.20). There was decent activity in GTB, Zenith and FBNH. Consumers fell by 2.06% with a late sell-off in NB (-5%, N164.42) and Nestle (-96bps, N1060) the main cause of the weakness. The Cements saw some chunky trading in DangCem (+88bps, N229) and Wapco (-6bps, N108) while Oando was once again actively traded (+10%, N23.15).

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

Zimbabwe: Industrials -0.01%, USD 790k

A quiet day in Harare as market turnover remains low. The Industrials index dropped by the slimmest of margins thus bringing to an end the 5 day rally. Delta ticked up to 117.01c while Econet was unchanged at 72c.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.80

-2.91

Nigeria

NGN

163.57

-2.00

Kenya

KES

87.65

-1.54

Mauritius

MUR

30.40

-1.15

Botswana

BWP

8.89

+1.65

Tanzania

TZS

1684

-5.58

Uganda

UGX

2585

-2.24

Rwanda

RWF

682.78

-0.99

Ghana

GHS

3.01

-21.23

BRVM

XOF

487.28

-1.46

Egypt

EGP

7.15

-2.83

Morocco

MAD

8.28

-1.21

Tunisia

TND

1.66

-1.17

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

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