Movers & Shakers: October 01, 2014

Botswana: Market closed for the day

Egypt: EGX 30 -0.67%, USD 64.9m

The Egyptian market witnessed a slow day, leaving the EGX30 down 0.67% to close at 9745 points on notably low volumes of EGP464 million. HRHO (-1.88%) acquired a 49% stake in EDPR France in a USD208 million deal. SODIC saw some action after investors witnessed an arbitrage opportunity through buying the rights issue (-0.63%) and selling the stock (-6.32%) at the current levels, which leaves them with a profit of around 10%. Foreigners accounted for 22% of market participation as net sellers worth EGP5.8 million, targeting TMGH (-1.66%), ESRS (-0.92%), and COMI (-0.79%).

Kenya: NSE 20 +0.23%, USD 11.6m

Foreign investors started the new quarter off skewed to the sell side. Activity was dominated in the likes of EqBnk (-1.9%, KES50.50), KNCB (+90bps, KES58.50) and EABL (+1.1%, KES279) while there was another suspicious trade in BATK. There was also some muted activity in Safcom (-1.8%, KES12.95) and ARML (-3.9%, KES86).

Mauritius: Semdex -0.34%, USD 730k

Nothing overly eventful happened today in Port Louis. The main movers in the Sem-7 were MCBG (+71bps, Rs212), NMH (-85bps, Rs88) and ENL Land (-8.26%, Rs50.00).

Nigeria: Market closed for the day

Zimbabwe: Industrials -0.28%, USD 905k

A better day in Harare with turnover increasing to USD 905k thanks to Econet ($396k), Innscor ($236k) and Pearl ($102k). The market closed the day lower with the Industrial Index falling -0.28%.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

11.30

-7.21

Nigeria

NGN

163.89

-2.19

Kenya

KES

89.35

-3.41

Mauritius

MUR

31.50

-4.60

Botswana

BWP

9.23

-5.64

Tanzania

TZS

1677.00

-5.19

Uganda

UGX

2655.00

-4.82

Rwanda

RWF

692.51

-2.38

Ghana

GHS

3.32

-28.57

BRVM

XOF

520.02

-7.67

Egypt

EGP

7.14

-2.75

Morocco

MAD

8.76

-6.66

Tunisia

TND

1.80

-8.68
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