African Market Watch: Thurs, 26th March 2015

BRVM [he Regional Stock Exchange, Cote d’Ivoire]
BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session today, higher than the previous day. BRVM 10 index rose from 270.42pts to 270.97pts, a gain of 0.20%. BRVM Composite index gained 0.28% to 266.05pts against 265.32pts previously. The equity market capitalization was recorded at XOF 6,564.81 billion. Likewise, the traded value was recorded at XOF 395.679 million and total volumes recorded at 56,555 shares in 227 transactions. The top security by volume was Onatel Burkina Faso with 31,924 traded shares and XOF 231.554 million total traded values. The market sentiment was positive today, as the market breadth (advancer/decliners ratio) with eight advancers and six decliners. On the one hand, top price gainer was Servair Abidjan Cote d’Ivoire rose by 7.50% to close at XOF 51,600.00 and top price loser was Vivo Energy Cote d’Ivoire shed off 3.08% to close at XOF 63,000.

Botswana:
The Botswana Stock Exchange’s (BSE) domestic index went down by 2.59pts (0.03%) to close at 9679.25pts (with year-to-year performance 1.90%) and foreign index remained the same as last previous trading day to close at 1571.11pts (year-to-date of performance -0.41%). The market capitalisation was recorded at BWP 415,628 million, the total volume and turnover were recorded at 1,731,693 shares and BWP 15.719 million respectively. Sechaba Brewery Holdings Limited Botswana accounted for about 73 of the total traded values. The market sentiment was negative today, as the market breadth (advancer/decliners ratio) with zero advancer and two decliners. Sechaba Brewery Holdings Limited Botswana and A-Cap Resources Limited fell by BWP 0.30 and BWP 0.05 to close at BWP 20.70 and BWP 0.5 respectively.

Egypt:
The Egyptian Stock Exchange (EGX) end on a south territory with market capitalization was recorded at EGP 499,901 billion. The benchmark index EGX30 lost 150 points or 1.59% to close at 9,052.5pts. Following suit, the small and mid-cap index EGX70 slid 1.34% to 502.07 points and the broader EGX100 lost 1.39% to 1,028.08 points. Today’s turnover amounted to EGP 531.5 million, while traded volume reached around 141 million shares sealed through 22,000 transactions. The market sentiment was negative today, as the market breadth (advancer/decliners ratio) berthed at 0.2x with 26 advancers and 126 decliners. Arab Dairy Products Company Egypt topped the gainers, surging 8.09% to close at EGP 70, while Trans Oceans Tours led the losers, falling 10% to close at $0.09. Foreign traders were net sellers by EGP 16.52 million, while local and Arab traders ended as net buyers by EGP 14.91 million and EGP 1.61 million, respectively. Meanwhile, retail traders were net sellers by EGP 3 million, while institutions were net buyers by EGP 18 million. 

Ghana:
Ghana Stock exchange retreated today, with the benchmark Composite index went down by 0.27pts (0.01%) to 2,206.11pts; this brings its year-to-date performance to -2.43%. However, the financial index remained stable to close at 2,203.23pts (-1.80% year-to-date performance). The market capitalization was recorded at GHS 63.717 billion. A market activity measured by volume was recorded at 2,557,714 changing hands in twelve stocks with market traded value of GHS 596,814. SIC Insurance was the most traded stock accounting for 98% of volumes and 88% of trade values respectively. The market sentiment was negative today, as the market breadth (advancer/decliners ratio) with zero advancer and 1 decliner. Mechanical Llyod Ghana was the lone decliner shedding GHS 0.03 (about -13.04% compare to previous price) to close at GHS 0.20.

Kenya:
The NSE 20 Index lost 22.35pts (0.42%) to close at 5,252.74pts today. However, Nairobi All Share Index went up by 0.68pts (0.39%) to close at 173.73pts with total market capitalization at KES 2,425.61 trillion (an increase of 0.39% compared to previous market capitalization). The number of shares traded today was 42.82mn with a turnover of KES 1.33bn, indicating an increment of 103.83 percent compared to yesterday’s turnover. The top mover was Safaricom Kenya with a turnover of KES 332.19mn, representing 25.01 percent of the day’s total market turnover. In addition, foreign buys stood at 39.03 percent of total turnover, while foreign sales stood at 60.65 percent of total turnover. The market sentiment was positive today, as the market breadth (advancer/decliners ratio) estimated at 1.2x with 22 advancers and 19 decliners. East Africa Portland was the top gainer of the day, going up by 6.31% to close at KES 59.00. However, Kakuzi was the top loser of the day, losing 10.00% to close the day at KES 252.00. 

Malawi:
Both Malawi All Share Index and Domestic Index remained unchanged today to close at 14,920.29pts and 11,747.44pts respectively. Similarly, the foreign Index remained unchanged to close at 1762.13pts. Total market capitalization was recorded at MWK 7,509.94 billion; a total volume was recorded at 217,935 shares in five transactions and turnover of MWK 1.823 million. All share prices remained unchanged.

 Mauritius:
Both indices end in a positive territory today, the Semdex went up by 0.002% to reach 1,979.42pts whilst the Sem-10 gave up 0.21% to 376.07pts. The market capitalization was recorded at MUR 220.067 billion and overall total volume trade recorded at 15.768 million and turnover on the market amounted to MUR 104.060 million, mainly geared towards MCB Group which accounted for 51% of total market turnover. The market sentiment was negative today, as the market breadth (advancer/decliners ratio) calculated at 0.7x with 4 advancers and 6 decliners. Topping the price gainers were Bluelife Mauritius gained 13.36% to close at MUR 4.94, ERAFI ETF advanced by 7.28% to settle at MUR 140.72 and Sun Resorts Mauritius gained 2.74% to trade at MUR 36.50. On the other hand, Automatic Systems Limited Mauritius, Lottotech Mauritius and SMB Holdings fell by 9.43%, 5.66% and 1.01% to close at MUR 48.00, MUR 7.00 and MUR 0.98 respectively. 

Morocco: 
Morocco’s benchmark stock index (MASI Index) lost 0.95% to close at 10.295.30pts (7.02% year-to-date performance) with total market capitalization at MAD 518.746 billion and market activities as measured by volume and value were closed at 241.165 million shares and MAD 1,834.348 billion. Likewise, Moroccan most active share index (MADEX) closed at 8,450.75pts (fell by 1.02% compared to previous trading day). In term of sector performance, top gainers were Chemicals, Food Producers & Processors and Utilities sectors advanced by 2.11%, 0.78% and 0.78% respectively. On the loser side Forest & Paper, Insurance and Holding Companies sectors fell by 3.37%, 2.39% and 2.24% respectively. The market sentiment was positive today, as the market breadth (advancer/decliners ratio) berthed at 0.4x with 10 advancers and 28 decliners. Rebab Company Morocco tops price gainers at 6.00% to close at MAD 85.87 while IB Maroc Company Morocco tops the price losers by 4.29% to close at MAD 116.00. Furthermore, FTSE CSE Morocco 15 Index lost 1.15% to close at 9,154.71pts (3.79% year-to-date performance) and FTSE CSE Morocco All-Liquid Index dropped 1.14% to close at 8,699.64pts (7.92% year-to-date performance).

Namibia:
Namibia Overall Index fell by 19.29pts (1.65%) to close at 1,149.14pts and Namibia domestic index lost 0.12 (0.03%) to close at 413.61pts. The market sentiment was negative today, as the market breadth (advancer/decliners ratio) recorded at0.35x with 4 advancers and 15 decliners. On the one hand, topping the gainers list were Giyani Namibia, DEEPYELLO Namibia and Paladin Namibia gained 9.62% to close at NAD 57.00, 8.33% to close at NAD 13.00 and 3.34% to close at NAD 371.00. On the other hand, topping the price losers were Sanlam Limited (lost 2.95% to close at NAD 7,725.00), Santam Limited (declined by 2.92% to close at NAD 21m375.00) and Truworths International Limited (shed off 2.54% to trade at NAD 8,700.00).

Nigeria:
The Nigerian Stock Market maintained ascent today as the All Share Index (ASI) gained 0.6%. The benchmark index closed at 30,067.90pts driven by gains sustained in large cap stocks such as Nigeria Breweries (+3.0%), Guaranty Trust Bank Nigeria (+2.7%) and Zenith Bank Nigeria (+3.1%). Similarly, market capitalization rose N59.4bn to close N10.0tn. Market activity measured by volume and value also increased 66.8% and 79.5% to close 723.6m units and N7.2bn respectively.  At the close of market, the Oil & Gas and Banking Indices continued their positive outing appreciating 2.0% and 1.0% respectively. Also, the Consumer Goods index returned 2.3% on the back of increased appetite for UNILEVER (+10.2%) and DANGOTE FLOUR (+9.9%). On the contrary, Industrial Goods sector dipped 0.4% against the backdrop of price depreciation in DANGOTE CEMENT (-0.8%). Also closing negative was the Insurance Sector (-0.4%) after 4 consecutive days of positive results. The market sentiment remained positive today with a market breadth (advancers/decliners ratio) of 0.4x as 26 stocks advanced while 19 stocks declined. Unilever Nigeria (+10.2%), Dangote Flour (+9.9%), Trans-nationwide Express (+9.3%) topped the gainers’ list while United Bank for Africa (-5.0%), Eterna Oil (-4.8%) and Presco Nigeria (-4.7%) led the market losers.

Rwanda:
The Rwandan Stock Exchange All Share Index (RSE ALSI) and RSE RSI went up by 0.02% and 0.12% to close at 137.33pts and 234.63pts respectively. Bank of Kigali closed at RWF 296 remained unchanged after trading session recorded a total turnover of RWF 88,800 from 300 shares traded once. Whereas, Bralirwa was quiet and closed at RWF 380 previously with total turnover of RWF 418,000 from 1,100 shares traded once. Likewise, Equity Holdings Group Limited was quiet and closed at RWF 430 previously and the last trading session recorded a total turnover of RWF 86,000 from 200 traded once. No transaction recorded on NMG, KCB and USL counters.

South Africa:
The Johannesburg All Share ending 1.36% lower to close at 51,603.93pts. Similarly, the benchmark top-40 index went down by 1.55% to close at 45,467.37pts and JSE Mining index lost 1.12% to close at 25,641.38pts. Likewise, the financial index declined by 1.37% to close at 17,009.87pts. Amongst the top ten movers upwards on Thursday was Quantum Foods Holdings, whose shares rose 8.96% to ZAR 3.65 after investors bought and sold 434,584 shares in 110 deals. Interwaste Holdings climbed 5.71% after 39 deals saw the exchange of 397,903 shares, which sent the share price up to ZAR 1.48 by market’s close. Evraz Highveld Steel was amongst the top losers, with a loss of 11.35% following the trade of 118,359 shares in 12 deals, leaving the share price down at ZAR 1.64. After 113 deals totalling 253,415 shares, Anchor Group slid 5.42% to sell at ZAR 10.30.

Tanzania:
The Dar es Salaam Stock Exchange (DSEI) went down by 5.97pts (0.22%) to close at 2,693.31pts and market capitalisation recorded at TZS 23,588.12 billion. Likewise, the DSE TSI advanced by 33.13pts (0.68%) to close at 4,810.04pts. Today, DSE recorded a total turnover of TZS 154.52 million from 68,188 shares traded in 68 deals compared to the previous session which recorded a turnover of TZS 217.84 million from 196,791 shares traded in 92 deals. The market sentiment was negative today; with three advancers and six decliners. Tanga Cement Company Tanzania declined by 4.44% to close the day at TZS 4,300 to be the highest loser of the day.  However, Africa Barrick Gold was the highest gainer of the day edging by 19.73 percent to close at TZS 8,525.00.

Tunisia:
The Tunis Stock Exchange benchmark index (TUNINDEX) decreased by 3.75pts (0.07%) to close at 5,311.27pts (year-to-date performance of 4.32%) with the market capitalization at TND 17.838 billion. Today’s turnover amounted to TND 2.191 million, while traded volume 358,402 shares sealed in 272 transactions and 59 shares. The market sentiment was negative today, as the market breadth (advancer/decliners ratio) calculated at 0.6x with 16 advancers and 27 decliners. On the one hand, topping the price gainers were Maghreb International Publicite (gained 2.41% to close at TND 1.70), Societe HexaByte (rose by 0.24% to close at TND 8.49) and Attijari Leasing (advanced by 1.72% to settle at 25.97). On the other hand, topping the price losers were Societe Tunisienne d’Equipement, Societe des Industries Pharmaceutiques and Banque de l’Habitat fell by 22.57%, 2.96% and 2.72% to close at TND 8.06, TND 7.53 and TND 12.50 respectively.

Uganda:
The Uganda Securities Exchange All Share Index (USE ALSI) went up by 0.45% to close at 2,076.36pts with market capitalization recorded at UGX 28,382.45 million. Likewise, the Ugandan Stock Exchange Local Share Index (USE LSI) rose by 1.33% to close the day at 329.95pts. A total of 119,117 shares were traded today and total turnover came to a close of UGX 5.12 million in five shares. The market sentiment was positive today, with six advancers and four decliners. On the one hand, topping the price gainers were Stanbic Bank Uganda, Jubilee Holdings Limited and Kenya Commercial Bank Group rose by 3.03%, 1.72%, and 0.62% to close at UGX 34.00, UGX 18,482 and UGX 1,962 respectively.

Zambia:
The Lusaka Stock Exchange All Share Index went down by 0.02% to close at 6,103.71pts in comparison to the previous close of 6,104.68pts. The market capitalization was recorded at ZMK 65.411 billion, including Shoprite Holdings Plc, and ZMK 31.172 billion excluding Shoprite Holdings Plc. Copperbelt Energy Corporation, LAFARGE Zambia, Prima Reinsurance Zambia, Zambeef Products Plc, Zambia National Commercial Bank and Zambian Breweries Plc were the five shares traded today with total turnover of ZMK 34,415 and total volumes recorded at 41,468 in ten transactions. Price mover was recorded in Lafarge Zambia with decrease of ZMK 0.02 to close at ZMK 25.98.

Zimbabwe:
The Industrial index declined by 2.06pts (1.27%) to close at 160.05pts, with total market capitalization of US$4.163 billion. Today’s total volume and total turnover were recorded at 1,670,153 shares (in 21 trades) and US$188,560 respectively. The market sentiment was negative today, as the market breadth, with 3 advancers and six decliners. The three gainers were Mashonaland Holding Limited Zimbabwe added a hefty 0.70 cents to close at 2.70 cents, Innscor Africa Limited went up 0.50 cents to settle at 57.50 cents and Old Mutual Zimbabwe gained a further 2 cents to trade at 246 cents. On the loser side were Zimre Properties Investment Limited lost 0.10 cents to close at 0.70 cents, OK Zimbabwe and Econet Wireless Zimbabwe lost a cent each to close at 12 cents and 51 cents respectively. Likewise, National Foods Holdings Limited and Nicoz Diamond Insurance shed 15 cents and 0.10 to close at 1.30 cents respectively.

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