Movers & Shakers: May 08, 2014


Botswana: DCI +0.24%, USD 43k

Nothing to report in Gaborone today as value traded amounted to USD 43k.

Egypt: EGX 30 -1.46%, USD 120m

The market witnessed profit booking today lead by notable selling from institutional investors (local and international) leaving the EGX30 to end the day down -1.46% to close at 8,211.05 points. Market volumes remain strong yet slightly weaker than average volumes, the market traded a total turnover of USD 120m, it’s worth mentioning that about 12% of the total turnover was attributed to OCDI and CCAP. The EGX30 Index failed to break above the key resistance zone of 8,400 for the second time which triggered profit booking mainly from institutional investors targeting names such as ESRS, GTHE, and ETEL, each ending the day down 1.94%, 1.70% and 1.57% respectively. JUFO managed to find grounds after witnessed notable pressure since week start, the former ended the day up 1.31% on above average volumes.

Kenya: NSE 20 +0.31%, USD 24.82m

It was an extremely active day in Nairobi as value traded amounted to $24.82m. A local/ local cross in BATK ($8.61m) drove activity as a total of 1.25m shares changed hands. There was also a very large cross in EQBNK ($5.03m) as a total of 10.74m shares traded over the day. Foreigners dominated acativity in Safcom as 27.76m shares traded in the telco while they also dominated proceedings in KNCB as a total of 6.38m shares traded.

Mauritius: Semdex +0.01%, USD 4.12m

A mammoth cross of 511.6k MCBG at Rs168.00 on the crossing board helped boost turnover to USD 4.12m. The rest of the market was relatively quiet as 3.14m SBM traded while 68k shares changed hands in NMH.

Nigeria: ASI +0.14%, USD 18.1m

It was a rather lack luster day in Lagos as value traded amounted to a dull $18.1m. The likes of Zenith ($2.52m), GTB ($2.39m), ETI ($1.97m) and DangCem ($1.62m) drove activity. Banks managed to close the day higher with the index gaining +0.60% thanks to GTB (+1.17%) and Zenith (+0.44%) while tier-2 banks Skye Bank (+3.67%) and Fidelity (+2.70%) helped boost the sector. Consumers (-0.41%) however closed the day lower with UACN (-1.75%) and PZ Cussons (-1.11%) dragging the sector lower.

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

Zimbabwe: Industrials -0.43%, Minings unch, USD 2.48m

It was another actiove day in Harare as value traded amounted to USD 2.48m thanks to crosses in Econet ($1.37m), Delta ($344k) and BAT ($307k). The market however closed lower with the Industrial Index falling -0.43%.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.32

+1.58

Nigeria

NGN

160.95

-0.40

Kenya

KES

87.15

-0.98

Mauritius

MUR

29.90

+0.50

Botswana

BWP

8.68

+1.01

Tanzania

TZS

1647.00

-3.46

Uganda

TZSUGX

2523.00

+0.16

Rwanda

RWF

684.02

-1.17

Ghana

GHS

2.86

-16.96

BRVM

XOF

476.30

+0.82

Egypt

EGP

7.03

-1.27

Morocco

MAD

8.11

+0.80

Tunisia

TND

1.60

+2.01

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

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