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Movers & Shakers: May 22, 2014
Botswana: DCI +0.15%, USD 490k
All today’s action took place in 2 of the more illiquid names. There were crosses in Sefalana (770t) and RDCP (202t). Outside of this nothing happened.
Egypt: EGX 30 +1.17%, USD 140m
Egypt rallied 1.17% following the release of voting results for expatriates, showing a dominant win of 94% for Sisi against rival Sabahi. The results triggered a clear wave of optimism in the market led by foreign and Gulf investors. The EGX30 closed at a new high of 8,727.54 points on average volumes of USD 140m. CCAP ended the day up 0.63%, trading 18.7 million shares (almost two-times average volumes). This comes after a proposal to the government to build a station to generate electricity, which will cost USD1.3 billion. ARCC gained 5.51% following the board's proposal of a EGP0.11/share dividend. There was appetite in the telecom sector today, with GTHE, OTMT, and ETEL adding 1.85%, 1.48%, and 2.32%. SKPC (-1.03%) maintained its falling streak for a fifth day, to last print at EGP17.50.
Kenya: NSE 20 +0.25%, USD 13.5m
The Kenya Top 20 index rose by 25bps on the back of strong foreign buying as turnover reached a solid $13.5m. A couple of chunky crosses in EqBnk were the major focal point with strong foreign buying pushing the bank up by 2% to KES 38.75. Action in Equity Bank accounted for almost 60% of the total turnover. KNCB was also active yet didn’t move from its opening price of KES 46.50 while Safcom fell slightly to KES 13.00. EABL dropped by a disappointing 1.7% to KES 286.
Mauritius: Semdex +0.19%, USD 1.9m
Another decent day in Port Louis. MCBG drove both market activity (almost 60% of the day’s turnover) while it rose by 93bps to Rs218. SBM closed unchanged at Rs1.05 on decent volume while the only other mover in the Sem-7 was ENL Land which increased by 50bps to Rs50.75.
Nigeria: ASI +1.15%, USD 23.18m
Activity slowed down drastically today with value traded amounting to $23.18m. A large cross in GTB early on in the session got things going with a total of $7.31m worth of shares traded over the day. Other contributors towards turnover came in the form of NB ($3.65m), FBN ($1.75m) and Zenith ($1.17m). Banking stocks closed the day higher with the Index gaining +1.03% thanks to FBNH (+3.33%), GTB (+2.36%) and Zenith (+1.53%). Consumers (+1.40%) were also strong with Cadbury (+4.07%) and NB (+2.54%) leading the way higher.
Please note that the index figure above is correct at the time of writing.
Zimbabwe: Industrials +0.65%, USD 288k
Absolutely nothing on the go in Harare today as value traded amounted to a dissapointing USD 288k while the Industrial Index managed to gain +0.65%.
African Currencies
|
Country |
Notation |
Currency |
YTD % |
|
South Africa |
ZAR |
10.34 |
+1.42 |
|
Nigeria |
NGN |
162.30 |
-1.23 |
|
Kenya |
KES |
87.89 |
-1.81 |
|
Mauritius |
MUR |
30.14 |
-0.30 |
|
Botswana |
BWP |
8.69 |
+0.61 |
|
Tanzania |
TZS |
1655.00 |
-3.93 |
|
Uganda |
UGX |
2528.00 |
-0.51 |
|
Rwanda |
RWF |
684.28 |
-1.21 |
|
Ghana |
GHS |
2.97 |
-20.03 |
|
BRVM |
XOF |
483.24 |
+0.62 |
|
Egypt |
EGP |
7.12 |
-2.50 |
|
Morocco |
MAD |
8.21 |
-0.29 |
|
Tunisia |
TND |
1.62 |
+1.11 |
- Kenya +254 (714) 646 406
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- Nigeria +234 (1) 342 9185
