African Market Watch: Friday, 27th February 2015

Egypt: The Egyptian market was closed today.

Ghana: Trading activity remained high with impressive volume and turnover being recorded at today. At the close of trading fourteen equities had their shares being traded in with total volume of 87,531 shares with market capitalization valued at GHC63.6bn. Likewise, the indices returned to positive, the benchmark Composite Index went up 15.4pts to close at 2,177.95pts; this brings its year-to-date change to -3.67%. Similarly, the Financial Index also rose 21.08pts to close trading at 2,162.85pts and Its year to date return stands at -3.60%.

Kenya: The NSE 20 Index rose 15.53pts to close at 5,491.37, but the Nairobi All Share Index (NASI Index) fell by 0.27pts to close at 175.7. In term of the market activity the volume of shares traded closed at 31.67mn shares, rising 30.0% from previous day trading. Similarly, the market turnover was recorded at KES 896.75mn and market capitalization close KES 2,453mn.

Mauritius: Both the Semdex and SEM-10 index gave up 0.31% to finish at 2,018.63pts and 380.60pts respectively.  MCB Group decreased by 0.4% to Rs205.50 on 44,400 shares traded.  SBM Holdings finished unchanged at Rs1.00 on 2.2m shares traded, whilst Bramer Banking shed off 1.1% to Rs5.40 on 15.1k shares.  Only mover on the commerce counter was IBL which grew by 0.2% to Rs110.75 on 500 shares traded.  At the level of industrials, Gamma Civic dropped to Rs38.50 on a total volume of 19.0k shares traded before concluding at Rs38.00 (-7.3%) on 3.0k shares.  Whereas on the hotel counter, all the groups ended on negative note.  Overall turnover on the market amounted to Rs26.3m.

Morocco: Morocco’s benchmark stock index (Madex Index) fell by 0.01% to close at 10 462,62pts with total market capitalization at MAD 527.1bn. Market activities as measured by value closed at MAD 200.4mn. Moroccan most active share index (MADEX) closed at 8,577.13pts (declined by 0.08% compared to previous trading day). But Holding Companies and Oil & Gas gained 5.10%, and 4.39% respectively but Forestry & Paper and Mining fell by 2.45% and 1.50%. Furthermore, both FTSE CSE Morocco 15 Index and FTSE CSE Morocco All-Liquid Index plummeted by 0.53% (to close at 9 426.47pts) and 0.31% (to close at 8 853.33pts) respectively.

Nigeria: Bargain hunting resurfaced today as the benchmark index traded northwards. The All Share Index rose 19bps to close at 30,103.81 as a result of gains in Nigerian Breweries (3.9%), Union Bank of Nigeria (9.3%) and Guarantee Trust Bank (0.9%). Market capitalization added 0.2% and rested at N10.0tn while market activity as measured by value and volume traded declined 115bps and 102bps to settle at N5.3bn and 329.2mn units respectively. Insurance sector led the sector gains after returning 1.9% traceable to gains sustained in Mansard (3.9%) and Continsure (8.2%); followed by Oil & Gas index driven by rally in Oando (3.3%) and Forte Oil (0.4%); while the Consumer Goods and Banking sectors gained 0.6% and 0.5% respectively.

South Africa: South African stocks ended lower on Friday as traders offloaded platinum shares after Impala Platinum announced in the previous session it would be restructuring one of its key mines.  As a result, the JSE All Shares marginally moved by 0.02% to close at 53,344.2. Amongst the top ten gainers today was Goliath, whose shares rose 18.54% to R1.50 after investors bought and sold 59,300 shares in 3 deals. South Ocean Holdings Ltd climbed 10.0% to R1.00 after 407 shares were traded in 1 deal. The Zci Ltd was amongst the top ten movers downwards today as shares slid 28.86% to R4.99.

Tanzania: The Dar es Salaam Stock Exchange (DSEI) went down by 49.27pts to close at 2,701.28. Likewise, the DSE TSI shed off 28.83pts to close at 4,924.66pts. Today’s volume was recorded at 61,560 shares with total market turnover recorded at TZS 127.15mn. The total market capitalization of the equity as at end of today was recorded at TZS23, 663.61bn.  The top gainer was Kenya Airways whose price increased by 5.26% to close at TZS200, while East African Breweries Ltd shed off 6.38% to close at TZS 6.020. In addition, CRBD Bank is among the top mover with volume of 37,805 and its price closed at TZS425.00 (unchanged over previous trading day).

Zambia: The Lusaka Stock Exchange All Share Index maintained the previous close of 6,149.86 points as no price movements were recorded today. Trading was recorded in BATA, NATBREW, ZAMBREW and ZANACO. A total of 285,347 shares were traded in 8 trades resulting in a total turnover of ZMK1,757,233. The market capitalization was recorded at ZMK65.57bn, including Shoprite Holdings Plc, and ZMK31.33bn excluding Shoprite Holdings Plc.

Zimbabwe: The Industrial index closed the week lower at 167.16 points after shedding 0.86 points (0.51%). However, week on week the industrial index went down by 0.97 points (0.58%). The Mining index was steady at 55.38pts. The mining index gained 8.29 points (17.60%) compared to week ending 20 February 2015.

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