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Movers & Shakers: May 29, 2014
Botswana: Closed today
Egypt: EGX 30 -3.45%, USD 186m
Despite an upbeat start Egypt got hit hard for the second consecutive day with the only positive appetite coming from local retail following unofficial indications showing a dominant presidential win for Sisi. The EGX30 ended the day down 3.45% down on strong volumes of $186m with news of the implementation of the capital gains tax along with the aggressive profit taking from local and foreign institutions. PHDC (-4.23%) led the market lower on twice the three-month average volume. COMI got hit, falling 6% to a low of EGP34.90. It was red across the board with names such as AMER, OTMT, GTHE and ACGC all ending in the red territory close to the session’s low.
Kenya: NSE 20 +0.20%, USD 29.7m
Chunky crossing in KNCB was the main focal point of today’s session. The bulk of the crossing took place at the KES 50.00 level although the stock eventually ended the day at KES 49.75 (+2.58%). Equity Bank also saw a couple of decent crosses and the name was also strong, closing higher at KES 41.00. EABL was strong and closed at KES 274 although was trading above the KES 283 level during the day while Safcom was looking soft although eventually settled unchanged at KES 12.95.
Mauritius: Semdex +0.48%, USD 4.15m
Another active day in Port Louis with chunky activity in the banks. MCBG gained 1.71% to Rs223 on big volumes while SBM was also active and gained 94bps to Rs1.07. IBL also rose by 1.92% to Rs106 while there were losses in NMH (-60bps, Rs83.00), Alteo (-58bps, Rs34.25) and ENL Land (-1.49%, Rs49.50).
Nigeria: Closed today
Please note that the index figure above is correct at the time of writing.
Zimbabwe: Industrials +0.35%, USD 2.99m
A much improved day in Zimbabwe in terms of activity while the Industrials crept higher. The bulk of today’s action was a foreign cross in Delta as the name gained 65bps to 116.75c. Other gainers included BAT which rose by 4.19% to 1170c while Innscor gained 1.46% to 70.01c. Outside of the foreign cross in Delta, almost all the rest of the foreign activity was on the sell side.
African Currencies
|
Country |
Notation |
Currency |
YTD % |
|
South Africa |
ZAR |
10.43 |
+0.52 |
|
Nigeria |
NGN |
162.65 |
-1.44 |
|
Kenya |
KES |
87.85 |
-1.76 |
|
Mauritius |
MUR |
30.25 |
-0.66 |
|
Botswana |
BWP |
8.75 |
-0.14 |
|
Tanzania |
TZS |
1663.00 |
-4.39 |
|
Uganda |
UGX |
2547.00 |
-1.17 |
|
Rwanda |
RWF |
684.28 |
-1.21 |
|
Ghana |
GHS |
3.05 |
-22.13 |
|
BRVM |
XOF |
485.21 |
-1.06 |
|
Egypt |
EGP |
7.15 |
-2.86 |
|
Morocco |
MAD |
8.25 |
-0.80 |
|
Tunisia |
TND |
1.63 |
+0.89 |
- Kenya +254 (714) 646 406
- South Africa +27 (11) 243 9030
- Nigeria +234 (1) 342 9185
