Movers & Shakers: October 02, 2014

Botswana: DCI +0.38%, USD 580k

A relatively active day in Gaborone as Letshego accounted for 90% of turnover with total value traded amounting to USD 580k.

Egypt: EGX 30 -0.19%, USD 71m

It was a mixed day in Egypt as the market traded within a tight range ahead of the Eid vacation. The EGX30 shed 0.19% to close at 9727 points on lower-than-average volumes of USD 71m. COMI (-1.37%) was pressured by FI profit taking to last print at EGP49.85/share. The real estate sector managed to support the index, with local buying appetite in the likes of HELI (+0.57%), PHDC (+1.64%), MNHD (+1.93%), and OCDI (+2.41%). CCAP was unchanged today, with the company considering increasing its share capital by USD560 million through a share exchange to boost its ownership stake in platform companies. PHAR (+1.21%) is planning an EGM within a month to discuss producing animal nutrients; it expects to add EGP10 million in revenues during first year of operations. Institutional participation made up 30.43% of the market, and foreign institutions were net sellers worth EGP71 million.

Kenya: NSE 20 -0.34%, USD 15.4m

Local investors continue to dominate the bourse in Nairobi. The bulk of this came from a cross in BATK (supposedly local to local) but in normal trading there was also decent action in the likes of EABL (+1.8%, KES284), KNCB (unch, KES58.50), Equity Bank (-1.5%, KES49.75) and Safcom (+1.9%, KES12.75).

Mauritius: Semdex +0.44%, USD 910k

A rather slow day in Port Louis as turnover amounted to USD 910k with some action in MCBG (65k shares) and NMH (82k shares) the only names worth mentioning.

Nigeria: ASI -0.18%, USD 39.5m

After a quiet start the day got more active as the session progressed with some notably chunky crossing in selected names. Banks gained a solid 91bps with plenty of activity in the Tier 1 names. The biggest movers were GTB (+2.18%, N30.40), Access (+1.22%, N9.10) and ETI (-1.60%, N18.40). News out during the session on ETI was that Nedbank would take up their 20% shareholding. Consumers slipped by 1.12% with weakness in Guinness (-5%, N204.24), Nestle (-3.67%, N1050.03) and PZ (-5%, N33.25) while NB gained 62bps to N177.09 on good volume.

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

Zimbabwe: Industrials -0.29%, USD 3.68m

It was a much better day in Harare with turnover amounting to a very impressive USD 3.68m thanks to crosses in the likes of Econet ($1.56m), Delta ($891k) and Innscor ($741k). The market closed the day lower with the Industrial Index falling -0.29%.

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

11.20

-6.40

Nigeria

NGN

164.13

-2.33

Kenya

KES

89.35

-3.41

Mauritius

MUR

31.50

-4.60

Botswana

BWP

9.24

-5.16

Tanzania

TZS

1678.00

-5.24

Uganda

UGX

2640.00

-4.28

Rwanda

RWF

692.51

-2.38

Ghana

GHS

3.25

-26.93

BRVM

XOF

521.75

-7.99

Egypt

EGP

7.15

-2.84

Morocco

MAD

8.75

-6.51

Tunisia

TND

1.80

-8.58
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