Movers & Shakers: March 13, 2014


Botswana: DCI -0.56%, USD 136k

There was not much on the go in Gaborone today as value traded amounted to USD 136k with some small action in Barclays.

Egypt: EGX 30 +0.53%, USD 201m

The EGX30 index managed to end the day on a positive and closed at 8,140.05pts up 0.53% on decent volumes of USD 201m. Local retail continued their buying spree in these crucial levels considering the index is now trading between its upper boundaries 8,100-8,200 with many now betting on technical breakthrough. Positive market chatter also emerged on the repatriation issue where CBE approving to clear the queues by 50% for now and the other 50% should be cleared in a month, nothing officially announced as of yet. Names such as PHDC, HRHO and TMGH led the market higher gaining more than 2.5% on the day.. COMI also managed to rebound to the 37lvl and last printed at 37.07 +1.28%. Local and Arab institutions took advantage to recognize some profits while foreigners were net buyers.

Kenya: NSE 20 +0.50%, USD 6.4m

It was a rather average day in Nairobi as value traded amounted to $6.4m with activity split pretty much evenly between locals and foreigners. Safcom was the most active name on the day as foreign demand pushed the telco 3.8% higher with 12.73m shares traded. Foreign activity drove Kenya Commercial Bank as 2.89m shares changed hands. Equity Bank (1.33m shares) was also relatively actove and managed to gain 1.5%.

Mauritius: Semdex -0.24%, USD 879k

It was a slow day in Port Louis after yesterday's public holiday with value traded amounting to USD 879k. Banking stocks SBM (-0.94%) and MCB (+0.47%) drove activity with 6.63m and 24k shares traded in the names respectively.

Nigeria: ASI -1.65%, USD 11.35m

Absolutely dire day in Lagos as value traded amounted to $11.35m with Zenith ($1.25m) and FBNH ($1.22m) driving what little activity there was. Banks came under pressure, albeit on thin volumes with the Bank Index falling -2.71% as ETI (-3.45%) and FBNH (-3.20%) were the hardest hit. Consumers (-1.11%) came under pressure as brewers Guinness (-3.70%) and IntBrew (-3.50%) dragged the sector lower. Cements were also weak as Ashaka and DangCem fell -3.52% and -1.67% respectively.

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

South Africa: Top 40 -0.93%, USD 1.51bn

The JSE ended the day lower with the Top 40 Index falling 0.93% to close at 42,213 while value traded amounted to USD 1.51bn. Industrials were the day's biggest losers with the Index falling 1.23% followed by Resources which fell 0.73% while Financials gained 0.06%. The Rand was trading at 10.75 and 14.97 to the USD and EUR respectively by the time local markets closed.

Zimbabwe: Industrials +0.05%, Mining unch, USD 800k

The mainstream index scratched a marginal 0.05% gain to 186.57pts snapping a 3 day slide. Gains were feverish as envisaged by a negative market breadth of 2 bulls to 6 bears. The minimal tick was obviously with caution as investors are in no mood to embrace risk as reporting entities hint on tighter operating environment. Despite the positive outturn to 186.57pts the Index is at a loss of 7.7% year to date. In the session agro industrial concern CFI and clothing retailer Edgars rose 4.3% and 4.2% to 2.2c and 12.5c respectively to inspire the industrials’ gains. The duo is riding on upbeat earnings by the former while the latter is due to roll out a low cost housing project which the company hopes will unlock value from its idle land. Edgars reported a 12% growth in the bottom line to $4.2m resulting in a 10% upsurge in EPS to 1.7c.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.75

-2.43

Nigeria

NGN

164.65

-2.64

Kenya

KES

86.48

-0.21

Mauritius

MUR

29.85

+0.67

Botswana

BWP

8.82

-0.79

Tanzania

TZS

1630.00

-2.45

Uganda

TZSUGX

2516.13

+0.43

Rwanda

RWF

682.57

-0.96

Ghana

GHS

2.67

-11.05

BRVM

XOF

473.76

+1.35

Egypt

EGP

6.96

-0.18

Morocco

MAD

8.08

+1.13

Tunisia

TND

1.57

+4.78

contacts
  • Kenya +254 (714) 646 406
  • South Africa +27 (11) 243 9030
  • Nigeria +234 (1) 342 9185

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