African Market Watch: Monday, 2nd March 2015

Egypt: The Egyptian Exchange (EGX) indices rallied on Monday, gaining nearly EGP 5.8bn, amid a buying spree among local institutions. The benchmark index EGX30 rose 1.86% – its biggest one day gain in a month and a half – to close at 9456.33 points. Monday’s turnover amounted to EGP 492.2 mn, while traded volume reached 106mn shares. The small and mid-cap index EGX70 also gained 1.34% to 565.16pts, while the broader index EGX100 shut 1.30% higher at 1126.48pts. National traders ended as net buyers by EGP 55.5mn, while foreign and Arab were sellers by EGP 34.8mn and EGP 20.6mn respectively. Institutions, especially local ones, were mostly buyers, while retail traders were net sellers.

Ghana: At the closing bell, the benchmark Composite Index went up 1.05pts to close at 2,179pts; this brings its year-to-date change to -3.63%. Similarly, the Financial Index also added 1.45pts to close trading at 2,164.30pts and its year to date return stands at -3.54%. The market capitalization was recorded at GHC63.57mn at the close of trading session. Trading activity remained high with impressive volume and turnover being recorded 68,431 shares valued at GHC106, 739 were traded in nine equities. Both Standard Chartered Bank and UT Bank gained a pesewa to close at GHC20.16 and GHC0.19 respectively. The top 5 most actively traded shares by volume were UT Bank, CAL Bank, Enterprise Group, PBC Limited and GCB Band and accounted for c.83% of the total volume.

Kenya: The NSE 20 Index gained 8.27 points to close at 5,499.64pts, but the Nairobi All Share Index (NASI Index) declined by 1.00pts to close at 174.70. The top gainer today was Pan Africa Insurance which went up by 7.50% to close at KES 129.00. The day’s loser was BOC Kenya which shaved off 9.33% to close at KES 136.00. Today’s volume of shares traded closed at 21.39mn; declining 32.45 percent from Friday’s trading. Turnover was recorded at KES 1,097.43mn, an increase of 22.38 percent on Friday’s turnover. The top mover was E.A. Breweries with a turnover of KES 626.33mn, representing 57.07 percent of the day’s total market turnover. In addition, foreign buys stood at 60.93% of total turnover, while foreign sales stood at 49.09% of total turnover.

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$2,298 (in two trades), respectively at end of trading day.

Mauritius: The Semdex remained unchanged at 2,018.65pts while the Sem-10 was slightly up by 0.12% to 381.04pts. Overall turnover on the market amounted to Rs35.9mn, mainly geared towards Rockcastle, MCB Group and SBM Holdings which accounted for 71.2% of total value traded. MCB Group touched Rs204.00 on only 1,300 shares before rebounding to close at Rs205.00 on total volume 27.9k shares. SBM Holdings gained 1.0% to Rs1.01 with total volume amounting to 3.1mn shares. However, BBC lost 0.7% to Rs5.36 on 5,000 shares and CFS let off some steam to close at Rs9.98 (-0.2%) on only 500 shares.

Morocco: Morocco’s benchmark stock index (Madex Index) gained 0.08% to close at 10,469.41pts (year-to-date change of 9.48%) with total market capitalization at MAD 527.5bn. Market activities as measured by value closed at MAD 37.9mn. Moroccan most active share index (MADEX) closed at 8,586.13pts (gained 0.10% compared to previous trading day). In term of sector, Leisure & Hotel and Insurance gained 4.60%, and 4.04% respectively but Mining and Beverage fell by 2.55% and 0.95%. Furthermore, FTSE CSE Morocco 15 Index plummeted by 0.22% to close at 9,356.06pts whereas, and FTSE CSE Morocco All-Liquid Index gained 0.01% to close at 8.826.63pts.

Nigeria: The Nigerian Equity Market opened the Month bullish as the market sustained positive momentum. The All Share Index (ASI) appreciated 54bps to close at 30,267.18 point, paring moderating YTD loss further to 12.7%. Similarly, Market Capitalization added N54.4bn to close at N10.1tn. The continued gain in the benchmark index witnessed today was on the back of the sustained rally in Consumer Goods and Banking equities — Nigerian Breweries (2.1%), Guaranty Trust Bank (2.94%), Zenith Bank (1.42%) and FBN Holdings (2.6%), whereas the Cement counters traded flat. Market activity however slowed with volume and value Traded declining 20.5% and 44.0% to close at 261.8m units and N2.9bn, but still 35% below the average for the year of N4.5bn.

Rwanda: The RSE ALSI and RSE RSI recorded no change to close at 137.33 and 234.63 respectively. Total volume stood at 50,500 shares while total turnover stood at RWF 14.95mn

South Africa: The JSE All Share ended 0.73% lower to close at 52,952.91pts, with losses across the board led by resource shares. The top mover upwards today was Conduit Capital (CND), whose shares advanced 12.12% to R1.85 after investors bought and sold 14,347,582 shares in 276 deals. In second place was Montauk Holdings (MNK) after a gain of 10.77%, following the trade of 450,139 shares in 9 deals which boosted the share price to close at R3.60. Sliding the most today was Eastern Platinum (EPS), whose shares dipped 9.93% to R13.51 after 2 deals saw the exchange of 481 shares. Runner up loser was Lewis Group (LEW), after shares fell to R86.75 after 1,183 deals traded 342,391 shares, a loss in share price of 5.43%.

Tanzania: The Dar es Salaam Stock Exchange (DSEI) went down by 6.45pts (0.24%) to close at 2,694.83pts, whereas the DSE TSI gained 5.10pts (0.10%) to close at 4,929.76pts. Today’s volume was recorded at 240,450 shares with total market turnover recorded at TZS165.95mn. Similarly, the total market capitalization of the equity was recorded at TZS23, 606bn.  Tanzania Breweries gained 1.47 percent to close at TZS 14,500.00, while CRDB Bank shed off 5.88 percent to close at TZS 400.00. In addition, CRBD Bank is among the top mover with volume of 213,856 and its price closed at TZS400.00 shedding TZS25 (5.88% against to previous trading day).

Uganda: The Uganda Securities Exchange All Share Index (USE ALSI) and the Ugandan Stock Exchange Local Share Index (USE LSI) both declined today by 1.62 percent and 2.97 percent respectively to close the day at 2,032.78 and 323.65 respectively. Market activities for the day recorded total volume at 9.83mn shares and total turnover at UGX754.39bn. The top loser was Stanbic Bank Uganda which dropped 5.71 percent to close at UGX 33.00. Today’s total volume was recorded at 8.83mn shares and total turnover was recorded at UGX 754.39mn.

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 CEC, LAFARGE, NATBREW, PUMA, SCZ and ZANACO. A total of 56,865 shares were traded in 13 trades resulting in a total turnover of ZMK289,556.The market capitalization was recorded at ZMK65.57mn, including Shoprite Holdings Plc, and ZMK31.33mn excluding Shoprite Holdings Plc.

Zimbabwe: The Industrial index gained 0.15pts (0.09%) to 167.31pts, with only five counters recording trades in the day’s session. ZIMPLOW HLDS added 1.01 cents to trade at 8.51 cents, ART ZDR, CBZ, ECONET and MEIKLES were unchanged at 0.3 cents, 10 cents, 51.5 cents and 13 cents in that order. There was no counter that traded in the negative territory. The Mining index lost 0.80 points (1.44%) to settle at 54.58pts after FALGOLD was offered lower at a cent. BINDURA, HWANGE and RIOZIM were unchanged at 5 cents, 4 cents and 10 cents respectively.

Complied by CapitalMarketsinAfrica