African Market Watch: Thurs, 26th February 2015

Egypt: Egyptian stocks fell to the lowest level in more than five weeks on the back of intensive profit taking operations. The benchmark index EGX30 lost 1.43% to close at 9334pts. The index resumed its sharp decline for the second session in row to hit its lowest level since the middle of last January. The EGX70, which measures small and mid-cap stocks, went down 0.88% to close at 558pts and the broader index lost 0.86% at 1114.42pts. The market capitalization closed EGP 511bn with the volume of 121.32mn, and total turnover of EGP 5301mn.

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 118,523 shares with valued at GHC1.03mn. However, the indices fizzle their four days positive run with declined in most of the stocks (no gains recorded).The benchmark Composite Index gave up 5.62pts to close at 2,162.71pts; this brings its year-to-date change to -4.35%. Similarly, the Financial Index also trimmed 7.78pts to close trading at 2,141.77pts and Its year to date return stands at -4.54%.

Kenya: The NSE 20 Index lost 8.07 points to close at 5,475.84, likewise the Nairobi All Share Index (NASI Index) declined by 1.54 points to close at 175.97. The top gainer was Scangroup which went up by 8.89 percent to close at KES 49.00. The day’s loser was CFC Stanbic Bank which shaved off 5.04 percent to close at KES 132.00. In term of the market activity the volume of shares traded closed at 23.81mn shares, declining 57.16% from previous day trading. Similarly, the market turnover was recorded at KES 2,456.96mn, a decline of 25.30% compared to previous day market turnover. The top mover was Equity Group with a turnover of KES 272.66mn, representing 11.10 percent of the day’s total market turnover.  Foreign buys stood at 60.93 percent of total turnover, while foreign sales stood at 49.09 percent of total turnover.

Malawi: Malawi All Share Index gained 0.27pts to close at 14,965pts at closing of trading today. Likewise the Domestic Index rose by 0.21pts to close at 11,783.01 while the Foreign Index remained unchanged. Total market capitalization and total market turnover were recorded at US$17,181mnand  US$2,058, respectively at end of trading day.

Mauritius: The indices maintained their upward trends with the Semdex and SEM-10 rising by 0.39% and 0.54% to 2,024.87 points and 381.77 points respectively.  Overall market turnover amounted to Rs22.3m, geared towards MCB Group which accounted for 51% of total market turnover.  The latter decreased by 0.1% to Rs206.25 on a total volume of 55,100 shares traded.  On the other hand, SBM Holdings finished unchanged at Rs1.00 on 1.2m shares exchanged. Bramer Banking saw crosses of 100.0k shares and 354.5k shares at Rs5.50 each but concluded the day lower at Rs5.46 (-0.7%).  Losers on the insurance counter were MUA (-1.3%) and Swan (-0.3%) respectively.  Main gainer on the market was Alteo which gained 5.0% to Rs32.55 on 3,100 shares, followed by Terra (+3.2%) to Rs32.50 on 6,100 shares exchanged.  Other movers on the market were PAD (+2.8%), Bluelife (+1.9%), CIEL (+1.2%), ENL Land (O) (+1.0%) and Rogers (-0.3%).

Morocco: Morocco’s benchmark stock index (Madex Index) fell by 0.19% to close at 10 462,04pts with total market capitalization at MAD 527.4bn. Market activities as measured by value closed at MAD 165.9mn. Moroccan most active share index (MADEX) closed at 8,583.63pts (declined by 0.20% compared to previous trading day). But Mining and Leisure & Hotel 3.87%, 2.75% and 1.85% respectively but Insurance and Holding Companies fell by 3.57% and 3.13%. Furthermore, both FTSE CSE Morocco 15 Index and FTSE CSE Morocco All-Liquid Index plummeted by 0,03% and 0.02% respectively.

Nigeria: The Nigerian equity Market traded negative after 8 consecutive days of gains shedding 50bps to close at 30,045.56pts. The significant decline in the All Share Index was mainly due to  sell-offs in top capitalized equities like Zenith (4.0%), Nigerian Breweries (1.6%) and Dangote Cement  (0.3%). Likewise, market capitalization dipped N50.1bn to close at N10.0tn. Market activity level measured by value and volume traded closed sideways as value closed flat to settle at N4.6bn while volume declined 0.1% to 321.7m units.  On the back of gains sustained in Mansard Insurance (4.7%) and Custodian & Allied Insurance (2.6%), Insurance sector emerged the lone advancing index by 1.7%. Leading sector decliners was the Banking sector (1.8%) on account of losses sustained in United Bank for Africa (4.9%) and Access Bank (4.9%). Similarly, Industrial Goods, Oil & Gas and Consumer Goods (0.1%) sectors declined by 0.4%, 0.3% and 0.1% respectively.

Rwanda: Rwanda: The RSE ALSI and RSE RSI recorded no change to close at 137.33 and 234.63 respectively. Total volumes stood at 3,600 shares while total turnover stood at RWF 1.07mn.

South Africa: The major indices on the JSE seem to be consolidating after the record-breaking run of recent weeks on Thursday, as investors are using opportunities to take profits and pick up bargains. As a result, the JSE All Share closed 0.19% higher, led by 2.01% gains in gold mining shares. Amongst the top ten gainers today was South Ocean Holdings, whose shares rose 9.89% to R1 after investors bought and sold 246,016 shares in 12 deals. Quantum Foods Holdings (QFH) climbed 7.51% to R3.58 after 282,025 shares were traded in 40 deals. The Foschini Group (TFG) was amongst the top ten movers downwards today as shares slid 3.02% to R162.43 after investors exchanged 1,234,413 shares in 3,572 deals. After 6,883 deals traded a total of 1,419,658 shares, Shoprite Holdings (SHP) fell 2.95% to close at R163.70 a share.

Tanzania: The DSEI went down by 0.04 percent to close the day’s trading at 2,750.55. The DSE TSI shed off 0.29 percent to close at 4,953.49. The top gainer was Africa Barrick Gold whose price increased by 1.46 percent to close at TZS 7,630.00, while CRDB Bank shed off 3.41 percent to close at TZS 425.00. Today’s volume was recorded at 114,903 shares. Total turnover was recorded at TZS 125.15mn.

Uganda:The Uganda Securities Exchange All Share Index (USE ALSI) declined a marginal by 0.03% to close at 2,097.38pts. Where as the Ugandan Stock Exchange Local Share Index (USE LSI) increased by 2.09% to close at 333.94pts. British American Tobacco, Uganda gained 13.03% to close at UGX 8,500, but the Development Finance Company declined by 7.14% to close at UGX 809. Market activities for the day recorded total volume at 6.47mn shares and total turnover at UGX 1.17bn.

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 and NATBREW. A total of 143,074 shares were traded in 8 trades resulting in a total turnover of K1,298,063. The market capitalization was recorded at K65bn, including Shoprite Holdings Plc, and K31.3bn excluding Shoprite Holdings Plc.

Zimbabwe: The Industrial index gained 0.11pts (0.07%) to close at 168.02pts. CBZ (CBZ.zw) added a cent to trade at 10 cents, FBCH (FBC.zw) was up 0.50 cents to 8 cents and MASIMBA (MSHL.zw) increased by 0.25 cents to close at 2 cents. STAR AFRICA (SACL.zw) inched up by 0.10 cents to 1.60 cents and PADENGA (PHL.zw) was up 0.05 cents to trade at 9.25 cents.There were no counters in the negative territory. However, the Mining index moved up 4.19pts (8.19%) to close at 55.38pts. BINDURA added 0.50 cents to trade at 5 cents. HWANGE shed 0.25 cents to trade at 4 cents whilst FALGOLD and RIOZIM were unchanged at 2 cents and 10 cents respectively.

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