African Market Watch: Friday, 6th March 2015

Kenya: The NSE 20 Index dropped 37.83pts to close at 5,373.22pts. The NASI Index gained 0.23pts to close at 172.51pts with total market capitalization at KES 2,408mn. Market activities measured by volume and value traded were recorded at 36,466,000 shares and KES 1,062.271mn.  The market sentiment was positive today, as the market breadth (advancer/decliners ratio) berthed at 1.7x with 25 advancers and 15 decliners. On the one hand, topping the price gainers list were Crown Berger Paints, Barclay Kenya, Mumias Sugar went up by 7.07%, 4.29% and 3.70% to close KES 136.00, KES 17.00 and KES 2.80 respectively. On the other hand, topping the price losers were Nation Media, Scan group and Kenya Electricity Generating declined 3.36%, 3.03% and 1.65% respectively.

Malawi: Both Malawi All Share Index and Domestic Index remain unchanged; hence close at 14,971.01pts and 11787.78pts respectively. Likewise, the Foreign Index remained unchanged to close at 1762.13pts. Total market capitalization and total market turnover were recorded at US$17,181mn and US$3,521.67 (in six trades), respectively at end of trading day.

Mauritius: Indices closed in negative territory today, the Semdex lost 0.13% to 2,001.62pts and the Sem-10 was down by 0.18% to 377.58pts. Overall turnover on the market amounted to Rs 36.1m, mainly geared towards New Mauritius Hotels which accounted for 67.3% of total value traded. MCB Group lost 0.5% to Rs 202.00 on total volume of 7.4k shares. However, On the DEM, the index was up by 0.10% to 201.75 points on a turnover of Rs 3.0m. The market sentiment was neutral today, as the market breadth (advancer/decliners ratio) berthed at 1x with 8 advancers and 8 decliners. On the one hand, topping the price gainers list were Caudan Development, Phoenix Beverages and Nat Inv Trust gained 1.54%, 1.34% and 0.95% respectively. On the other hand, topping the price losers were Gemma Civic, Lottotech, and Bramer Banking 4.38%, 2.22% and 1.89% respectively.

Morocco: Morocco’s benchmark stock index (Madex Index) declined by 0.24% to close at 10,456.47pts (year-to-date change of 8.69%) with total market capitalization at MAD 526.18bn and market activities as measured by value closed at MAD 278.54mn. Moroccan most active share index (MADEX) closed at 8,581.10pts (fell by 0.22% compared to previous day trading). In term of sector performance, Electrical & Electronic Equipment, Investment Companies & Other Finance, and Beverages increased  by 8.70%, 1.63% and 0.95% respectively, whilst Forestry & Paper, Distributors and Oil & Gas decreased by 4.48%, 3.02% and 3.01% respectively. Furthermore, FTSE CSE Morocco 15 Index declined by 0.27% to close at 9,348.82pts (5.99% year-to-date change) and FTSE CSE Morocco All-Liquid Index gained 0.12% to close at 8,866.95pts (10.00% year-to-date change).

Namibia: Namibia Overall Index gained 6.43pts (0.55%) to close at 1,171.71pts and Namibia domestic index also added 0.37 (0.09%) to close at 409.63pts. A market sentiment was positive today, as the market breadth (advancer/decliners ratio) berthed at 1.3x with 9 advancers and 7 decliners. On one hand, topping the gainers list were Sanlam, Investec and FirstRand Group increased by 3.52%, 2.28% and 1.11% respectively.  On the other hand, topping thelosers list were Vukile Property Fund, Trustco Group Holdings and Oceana Group declined by 2.27% , 1.19% and 0.48% respectivey.

Nigeria: The Nigerian equities market rebounded from yesterday’s loss to close positive on the last trading day of the week. The benchmark All Share Index gained 225bps to close for the week at 31,049.37pts. The bullish close was driven by positive investor sentiment towards banking stocks, Guaranty Trust Bank, Zenith Bank and First Bank of Nigeria Holdings surged by 10.2%, 10.2% and 10.1% respectively, as a result of the impressive earnings result released by Guaranty Trust Bank, Zenith Bank yesterday. Market activities measured by volume and value traded also advanced 58.8% and 80.9% to 601.3m units and N7.5bn. All sector indices closed in the green today, except for the Oil & Gas index which declined 0.4%. The Banking Sector index surged 7.4% to lead gains, followed by the Insurance Index which rose 1.6%. Similarly, the Industrial Goods and Consumer Goods indices climbed 0.5% and 0.2% respectively.

Rwanda: The Rwandan Stock Exchange All Share Index (RSE ALSI) and RSE RSI remained constant to close at 137.33 and 234.63 respectively. The market capitalization was recorded at RWF 2,929 bn and 1,800 traded shares and valued at RWF 0.7mn. Bank of Kigali closed at RWF 296 (unchanged to previous trading day) with a total turnover of RWF 236,600 from 800 shares traded in 4 deals. Likewise, Bralirwa closed at RWF 380 (same as previous trading day) with total turnover of RWF 380,000 from 1,000 shares traded once. Equity Bank Ltd counter was quiet and closed at RWF 430 previously and no transaction recorded on National Media Group, Kenya Commercial Bank and Uchumi Supermarket Limited counters.

South Africa: The All Share index ended 0.12% higher on Friday to close at 53,347pts. Similarly, the benchmark Top-40 index gained 0.28% to close at 47,236pts and JSE Industrial top 25 companies increased by 0.51% to close at 67,360.19pts. The market sentiment was negative today, as the market breadth (advancer/decliners ratio) berthed at 0.9x with 131 advancers and 132 decliners. On the one hand, Topping the price gainers list were Paladium Commodity-linked, Workforce Holdings Ltd and Deneb Investments Ltd gained 24.60%, 16.67% and 16.02% respectively. On the other hand, topping the losers list were Goliath Gold Mining Ltd, Cargo Carriers Limited and Trematon Capital Investments Limited went down by 20.0%, 13.64% and 9.86% respectivey.

Tanzania: The Dar es Salaam Stock Exchange (DSEI) shred off 16.2pts (0.61%) to close at 2,660.78pts, likewise the DSE TSI increased by 0.40% to close at 4,914.05pts. Today, DSE recorded a total turnover of TZS 454.93mn from 1,069,768 shares traded in 50 deals compared to the previous session which recorded a turnover of TZS 4,124.11mn from 10,105,249 shares traded in 81 deals. The market sentiment was negative today, as the market breadth (advancer/decliners ratio) berthed at 0.4x with 3 advancers and 7 decliners. On the one hand, topping the price gainers list were USL, Swissport Tanzania Ltd and Kenya Commercial Bank gained 4.76%, 0.87% and 0.85% respectively. On the other hand, topping the losers list were Swala Gas and Oil, National Media Group and Tanzania Breweries Ltd went down by 12.50%, 5.07% and 2.28% respectivey.

Tunisia: The Tunis Stock Exchange benchmark index (TUNINDEX) added 8.58pts (0.16%) to close at 5,358.36pts with the market capitalization at TNZ 9.1bn. Likewise the Tunis top-20 capitalised index gained 0.14% to close at 2,288.76pts. Today’s turnover amounted to TNZ 5.0mn, while traded volume 906,516 shares sealed in 58 listed companies. The market sentiment was positive today, as the market breadth (advancer/decliners ratio) berthed at 1.2x with 26 advancers and 22 decliners. On the one hand, topping the price gainers list was Ste De Production Agricole Teboulba (SOPAT) gained TNZ 0.43 (5.80%) to close at TNZ 3.28. with total volume of 349,311 shares, whilst Societe Tunisienne De L’Air (Tunis Air) fell by 5.35% to close at TNZ 1.60 with total traded volume of 49,267 shares.

Zambia: The Lusaka Stock Exchange All Share Index maintained its previous close of 6,144.05 as there were no price movements. Trading was recorded in CEC, LAFARGE, MFIN, SCZ, and ZANACO. A total of 11,498 shares were traded in 9 trades resulting in a total turnover of ZMK17, 290. The market capitalization was recorded at ZMK65.55bn, including Shoprite Holdings Plc, and ZMK 31.313bn excluding Shoprite Holdings Plc.

Zimbabwe: The Industrial index lost 1.00 point (0.60%) to close at 165.59 points on the back of widespread losses. Delta Corporation Limited, FBC Holdings and Innscor Africa Limited shed a cent each to close at 114 cents, 7 cents and 58 cents respectively. Fidelity Life dropped 0.50 cents to close at 5 cents and Turnall Holdings retreated by 0.10 cents to trade at 1.40 cents. Seed Co. Limited was the only counter in the positive territory after adding 0.50 cents to trade at 105.50 cents. The industrial index went down by 1.57 points (0.94%) compared to week ending 27 February 2015. The Mining index was flat at 54.70 points and week on week the mining index slipped 0.68 points (1.23%).

Complied by CapitalMarketsinAfrica