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Movers & Shakers: March 27, 2014
Botswana: DCI -0.07%, USD 536k
Some action in FNB (934k shares) and Barclays (271k shares) the only talking points in Gaborone as value traded amounted to an improved USD 536k.
Egypt: EGX 30 -2.70%, USD 222m
The market witnessed a wave of profit booking after General El-Sisi finally announced his candidacy for president, which was a long awaited catalyst for the market. The EGX30 ended the day down 2.70% to close at 8,251.83 points. Market volumes improved to trade a record high, with a total turnover of USD 222m. The market witnessed a correction after the rally since of the beginning of the month. Local institutions were the sole net-sellers today in names such as COMI, HRHO, and ETEL each down 1.95%, 3.98% and 3.30% respectively. The real-estate sector took a notable hit today, with PHDC, TMGH and OCDI witnessing notable selling pressure, leaving each to end the day down 4.98%, 3.74%, and 5.04% respectively.
Kenya: NSE 20 -0.21%, USD 7.8m
Things slowed down in Nairobi today but it was still a decent day as value traded amounted to $7.8m as foreigners accounted for 70.6% of turnover. A few big crosses in EABL drove proceedings with foreigners on both sides as a total of 1.42m shares changed hands. The two big banks ended the day mixed with Kenya Commercial Bank falling -1.1% while Equity Bank closed the day unchanged. Safcom closed the day -0.8% lower on low volume of 3.5m shares as foreigners were net buyers in the telco.
Mauritius: Semdex +0.25%, USD 836k
It was a much slower day in Port Louis as value traded amounted to USD 836k. ENL Land (112k shares) was the day's top mover with some action in IBL and Alteo. SBM was extremely quiet as only 878k shares traded.
Nigeria: ASI +0.97%, USD 41.01m
Another extremely active day in Lagos as value traded amounted to $41.01m thanks to crosses in Cadbury ($9.70m), NB ($8.01m), Zenith ($5.13m) and ETI ($4.86m). Banks (+0.10%) managed to close slitghly higher with GTB (+1.41%) being the star performer in the tier-1 space while tier-2 banks FCMB (+3.35%) and Fidelity (+2.27%) put in solid performances. Consumers (+0.75%) also closed higher thanks to Cadbury (+2.56%) and Nestle (+2.49%). There were some good performances in the cements with Ashaka gaining +7.53% while DangCem gained +2.17%.
Please note that the index figure above is correct at the time of writing.
Zimbabwe: Industrials -0.23%, Mining -0.73, USD 1.06m
Activity dropped off in Zim today as value traded amounted to USD 1.06m with CBZ ($337k), Delta ($225k) and BAT ($207k) driving turnover. Econet was extremely quiet as only 14k shares changed hands. The weakness in the market unfortunately continued with the Industrial Index falling -0.23%.
African Currencies
|
Country |
Notation |
Currency |
YTD % |
|
South Africa |
ZAR |
10.60 |
-1.06 |
|
Nigeria |
NGN |
164.90 |
-2.79 |
|
Kenya |
KES |
86.51 |
-0.24 |
|
Mauritius |
MUR |
30.10 |
-0.17 |
|
Botswana |
BWP |
8.82 |
-0.70 |
|
Tanzania |
TZS |
1639.00 |
-2.99 |
|
Uganda |
TZSUGX |
2545.00 |
-1.06 |
|
Rwanda |
RWF |
677.21 |
-0.71 |
|
Ghana |
GHS |
2.69 |
-11.71 |
|
BRVM |
XOF |
479.61 |
+0.12 |
|
Egypt |
EGP |
6.96 |
-0.30 |
|
Morocco |
MAD |
8.17 |
+0.14 |
|
Tunisia |
TND |
1.58 |
+3.87 |
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