African Market Watch: Monday, 9th March 2015

Egypt: The Egyptian Stock Exchange (EGX) indices ended on a mixed note on Monday as the benchmark index EGX30 added 0.78% to 9,713.61 points, while market capitalisation gained EGP 1.4 billion. The EGX70, which measures small and mid-cap stocks, inched down 0.28% to 566.38 points, while the broader index EGX100 gained 0.03% to 1,139.14 points. Today’s turnover amounted to EGP 667.5 million, while traded volume reached around 166.4 million shares sealed through 19,700 transactions. The market sentiment was positive today, as the market breadth (advancer/decliners ratio) berthed at 1.6x with 100 advancers and 61 decliners. On the one hand, topping the gainer price list were: Cairo National Company for Investment & Securities, Al Orouba Securities and Shourouk Press gained 9.31%, 8.47% and 7.85% respectively. On the other hand, topping the loser price list were Pyramisa Hotels, Cairo Development & Investment and Alexandria Containers & Goods lost 11.68%, 5.15% and 4.44% respectively. Local traders were net sellers by EGP 30.1 million, while foreign and Arab traders ended as net sellers by EGP 26.4 million and EGP 3.7 million, respectively. Meanwhile, retail traders were net sellers, while institutions were net buyers.

Ghana: The benchmark Composite index was up by 2.21pts to 2,179.19pts; this brings its year-to-date to -3.62%. Likewise, the financial index also gained 2.42pts to 2,169.36pts (-3.31% year-to-year performance). Market activities measured by volume and value traded were recorded at 20,029 shares and GHS 38,897 in eleven equities. The market sentiment was positive today, as the market breadth (advancer/decliners ratio) berthed at 4x with 4 advancers and 0 decliners. On the one hand, topping the price gainers list were UTB Bank, HCF Bank, and Ghana Oil went up by 5.26%, 4.35% and 0.95% to close GHS 0.20, GHS 1.20 and GHS 109.00 respectively.

Kenya: The NSE 20 Index dropped 1.53pts to close at 5,371.69pts. The NASI Index dropped by 0.84pts (0.49%) to close at 171.67pts with total market capitalization at KES 2,408 trilion. Market activities measured by volume and value traded were recorded at 17.30mn shares and KES 760/50mn depicting a decline of 52.57 percent and 28.41 percent respectively. The market sentiment was positive today, as the market breadth (advancer/decliners ratio) berthed at 1.6x with 23 advancers and 14 decliners. On the one hand, topping the price gainers list were Mumias Sugar, Athi Rivers Mining, and Nation Media went up by 9.26%, 4.17% and 3.91% to close KES 2.90, KES 84.00 and KES 239.00 respectively. On the other hand, topping the loser price list were Crown Berger, Carbacid Investment and Housing Finance lost 8.82%, 7.22% and 3.90% respectively.  The top mover was E.A Breweries with a turnover of KES 234.21mn, representing 30.80 percent of the day’s total market turnover. Furthermore, foreign buys stood at 47.78 percent of total turnover, while foreign sales stood at 61.33 percent of total turnover.

Malawi: Both Malawi All Share Index and Domestic Index remain unchanged; hence close at 14,971.01pts and 11,787.78pts respectively. Likewise, the Foreign Index remained unchanged to close at 1762.13pts. Total market capitalization was recorded at US$17,181mn and the market sentiment was neutral today, as the market breadth (advancer/decliners ratio) berthed at 1x with zero advancers and zero decliners.

Mauritius: The market was relatively quiet today, recording a total turnover of Rs12.3m on the official market.   As for the indices, they ended on a negative note, the Semdex dropped below the 2,000 level reaching 1,996.70 (-0.25%) and the SEM-10 lost 0.30% to finish at 376.46 points.The market sentiment was neutral today, as the market breadth (advancer/decliners ratio) berthed at 1x with 6 advancers and 6 decliners. On the one hand, topping the price gainers list were ENL Commercial, ENL Land Limited, and Mauritius Oil, Refinery gained 2.27%, 1.12% and 0.74% respectively. On the other hand, topping the price losers were New Mauritius Hotel, State Bank Mauritius fell by 1.57%, 1.14% and 1.00% respectively.

Morocco: Morocco’s benchmark stock index (Madex Index) gained by 0.68% to close at 10,527.27pts (year-to-date performance of 9.43%) with total market capitalization at MAD 529.7bn and market activities as measured by value closed at MAD 222.00mn. Moroccan most active share index (MADEX) closed at 8,641.46pts (gained 0.70% compared to previous trading day). In term of sector performance, Leisure & Hotels, Distribution and Insurance sectors gained 7.74%, 3.23% and 2.89% respectively, whilst Forestry & Paper, Chemical and Materials, Software & Computers lost 10.00%, 7.90% and 0.32% respectively. Furthermore, FTSE CSE Morocco 15 Index increased by 0.83% to close at 9,426.82pts (6.87% year-to-date performance) and FTSE CSE Morocco All-Liquid Index gained 0.45% to close at 8,907.08pts (10.50% year-to-date performance). The market sentiment was positive today, as the market breadth (advancer/decliners ratio) berthed at 1.6x with 25 advancers and 16 decliners.

Namibia: Namibia Overall Index lost 10.28pts (0.88%) to close at 1,161.42pts and Namibia domestic index remained unchanged to close at 409.63pts. The market sentiment was negative today, as the market breadth (advancer/decliners ratio) berthed at 0.2x with 3 advancers and 14 decliners. On the one hand, topping the gainers list were Sanlam, Old Mutual, and African Oxygen gained 2.42%, 0.78% and 0.42% respectively.  On the other hand, topping the losers list were Truworths International, Oceana Group and Vukile Property Fund lost 5.87%, 3.57% and 3.09% respectively.

Nigeria: The Nigerian Equities market continued its bullish streak from the previous week to close positive on the first trading day of the week. The benchmark index – All Share Index (ASI) gained 47bps to close at 31,195.93, paring YTD loss further to 10.0%. Similarly, market capitalization added N49.9bn to close at N10.4tn. The strong market performance continued to be driven by investor appetite towards banking stocks — Zenith Bank (2.2%), Ecobank Transatlantic (3.0%) and Guaranty Trust Bank (1.0%). Market activities however softened, as volume and value traded declined 0.2% and 0.3% to close at 466.2m units and N5.0bn respectively. All sector indices closed in the green today, except for the Oil and Gas index which sustained its bearish trend, shedding 0.7% as investors took profit in Mobil (5.0%) and OANDO (2.0%). The Banking Index continued to pace gain amongst sector indices, appreciating1.5%, followed by the Insurance Index with 0.6% and the Consumer Goods index with 0.4%. The market sentiments remained positive today with a Market Breadth (advancers’/ decliners’ ratio) of 1.6x with 28 advancers and 18 decliners. Topping the price gainers list today were Cadbury (8.9%), AFRIPRUD (7.1%) and CONTINSURE (4.9%) whilst Ikeja Hotel (8.0), Livestock Feeds (5.0) and PRESCO (5.0%) topped the losers chart.

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 4,800 traded shares and valued at RWF 1.8mn.

Tanzania: The Dar es Salaam Stock Exchange (DSEI) shred off 1.02% to close at 2,633.54pts and market capitalisation recorded at TZS 23.063bn. However, the DSE TSI increased by 0.22% to close at 4,877.08pts. 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 1.42bn resulted from 114,335 shares traded in 42 deals. A market sentiment was negative today, as the market breadth (advancer/decliners ratio) berthed at 0.3x with 2 advancers and 8 decliners. On the one hand, topping the price gainers list were Tanzania Portland Cement Co. Ltd and Tanzania Breweries Limited gained 2.43% and 2.33% respectively. On the other hand, ACA, National Microfinance Bank and Kenya Commercial Bank lost 4.81%, 4.21% and 2.54% respectively.

Tunisia: The Tunis Stock Exchange benchmark index (TUNINDEX) added 17.55pts (0.33%) to close at 5,375.99pts with the market capitalization at TNZ 18.15bn. Likewise the Tunis top-20 capitalised index gained 0.33% to close at 2,296.67pts. Today’s turnover amounted to TNZ 3.44mn, while traded volume 587,385 shares sealed in 57 listed companies. The market sentiment was positive today, as the market breadth (advancer/decliners ratio) berthed at 1.1 xs with 29 advancers and 26 decliners. On the one hand, topping the price gainers list were Banque Nationale Agricole, El Wifaik Leasing and Monoprix gained 5.62%, 3.91% and 2.93% respectively. On the other hand, topping the loser price list were Megasin General, Attijari Leasing and New Body lost 3.35%, 2.99% and 2.89% respectively.

Uganda: The Uganda Securities Exchange All Share Index (USE ALSI) increased by 0.79% to close at 2,026.02pts whereas the Ugandan Stock Exchange Local Share Index (USE LSI) depreciated by to close the day at 324.52pts. Today’s total volume was recorded at 724,240 shares and total turnover was recorded at UGX 31.23bn. Development Finance Company Uganda was the top gainer appreciating by 2.43 percent to close at UGX 801.00.

Zimbabwe: The Industrial index lost 0.73pts (0.44%) to close at 164.86pts. Delta Corporation Limited lost 1.50 cents to 112.50 cents whilst Edgars and Meikles both traded 0.50 cents lower at 8 cents and 12.50 cents respectively. Ariston Holdings fell by 0.30 cents to close at 0.50 cents and Econet Telecom dropped a marginal 0.11 cents to 50 cents. On the other hand, National Food Holdings was the only company in the positive territory after adding 10cent to close at 320 cents. The market sentiment was negative today, as the market breadth (advancer/decliners ratio) berthed at 0.2x with 1 advancers and 7 decliners.

Complied by CapitalMarketsinAfrica