African Market Watch: Thursday, 5th March 2015

Egypt: The Egyptian Stock Exchange (EGX) indices advanced collectively today as the benchmark index EGX30 added 1.21% or 115pts to close at 9575.98 points. However, the market capitalization has lost around EGP 1.1 billion ($143 million). Today, EGX indices rebounded on the return of the purchasing power, particularly the blue chip stocks, where the benchmark surpassed level of 9500 points. The EGX70, which measures small and mid-cap stocks, went up 0.90% to 566.52pts and the broader index EGX100 gained 0.81% at 1131.47 points. Today’s turnover amounted to EGP 2.6 billion, while traded volume reached approx. 110.2 million shares sealed through 19.3 thousands transactions. Foreign traders were net buyers by EGP 14.9 million, while Local and Arab traders ended as net sellers by EGP 7.8 million and EGP 7.1 million respectively. Meanwhile, retail traders were net sellers; while institutions were net buyers particularly the foreign ones. Today’s top gainers’ list was led by Samad Misr – EGYFERT surging 8.21% to close at EGP 4.48. On the other hand, the top losers’ list was led by Tourism Urbanization falling 10.00% to close at EGP 9.54.

Ghana: At the closing bell, the benchmark Composite Index shredded 3.5pts (0.16%) to close at 2,173.46pts; this brings its year-to-date change to -3.87%. Likewise, the Financial Index trimmed by 4.84pts to close trading at 2,162.10pts and its year to date return stands at -3.63%. The market capitalization was recorded at GHS 63.36mn at the close of trading session. Trading activity by volume and turnover recorded 446,546 shares and GHS 0.43mn were traded in eleven equities.

Kenya: The NSE 20 Index dropped 50.03 points to close at 5,411.05. The NASI Index dropped by 0.52 points to close at 172.28 with total market capitalization at KES 2,416.34mn. Mumias Sugar went up by 8.00 percent today to close at KES 2.70. Crown Paints declined 9.29 percent on yesterday’s price to close at KES 127.00 today. The day’s volume of shares traded closed at 28.29mn and turnover closed at KES 1,367.24mn, a decline of 37.67 percent on previous day turnover. The top mover was Equity Group with a turnover of KES 350.48mn, representing 25.63 percent of the day’s total market turnover. Meanwhile, the foreign buys stood at 38.95 percent of total turnover, while foreign sales stood at 60.83 percent 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$1,717 (in four trades), respectively at end of trading day.

Mauritius: The Semdex and SEM-10 index maintained their downward trends, with the former losing 0.24% to 2,004.20pts and the latter shedding off 0.29% to 378.27pts.  Overall turnover on the official market amounted to Rs60.1mn, geared towards SBM Holdings which contributed 59.5% to total market turnover, resulting to a total volume of 35.7mn shares and the stock ended lower at Rs1.00 (shedding off 1.0%). MCB Group remained flat at Rs203.00 on thin volume traded, whilst Bramer Banking dropped by 1.9% to Rs5.30 on 13.6k shares.  CFS went down by 0.4% to Rs9.66 on 1.2m shares exchanged, out of which 1.07m shares were crossed.  The sole mover on the insurance counter was MUA which fell by 0.3% to Rs75.75 on 1.8k shares.  Whereas, on the DEM, the index gained 0.18% to 201.54 points on a turnover of Rs0.7m.  Only gainer was Medine (O) which increased by 1.6% to Rs62.00 on 1.5k shares.  On the other hand, losers were EUDCOS (-1.2%) and Associated Commercial (-0.2%).

Morocco: Morocco’s benchmark stock index (Madex Index) rose by 0.05% to close at 10,481,35pts (year-to-date change of 8.95%) with total market capitalization at MAD 527.45bn and market activities as measured by value closed at MAD 90.62mn. Moroccan most active share index (MADEX) closed at 8,600.41pts (rose by 0.05% compared to previous day trading). In term of sector performance, Transport, Oil & gas and Holding Companies gained 1.49%, 1.25% and 0.76% respective, whereas Forest & Papers shredded off 6.32%. Furthermore, FTSE CSE Morocco 15 Index remained constant to close at 9,374.14pts and FTSE CSE Morocco All-Liquid Index gained 0.06% to close at 8,856.09pts.

Nigeria: Profit taking activities increased on the Nigerian bourse today as the All Share Index (ASI) declined 82bps to close 30,365.05pts; thereby bringing YTD loss to 12.4%. In like manner, market capitalisation shed N83.4bn to close N10.1tn. The decline in the benchmark index today was on the back of losses recorded in Consumer Goods and Banking counters — Nigerian Breweries (3.3%) and GTB (4.2%). Similarly, activity level measured by volume and value traded were down by 0.7% and 16.0% to close 378.7m units and N4.1bn respectively. Similar to the previous day’s result, sector indices performances were mixed today. The Insurance index paced gains with 0.3% attributable to the rally in AIICO (3.7%). The Oil & Gas and Industrial Goods indices also gained 0.1% each. On the other hand, the Consumer Goods index declined 1.5% today after five days of consecutive gain; against the backdrop of selloffs in Nigerian Breweries (3.3%) and UACN (2.8%). The Banking index also lost 1.4%

Rwanda: The RSE ALSI and RSE RSI remained constant to close at 137.33 and 234.63 respectively. Volume was recorded at 11,200 shares and turnover at 4.09mn.

South Africa: With gains in financial and industrial stocks leading the JSE upwards, the All Share index ended 0.75% higher on Thursday, overcoming losses in gold mining and resource shares. Mix Telematics was amongst the top ten gainers today, as shares moved up 25.65% to R3.38 after 117 deals traded 1,022,604 shares. Rockcastle Global Real Estate climbed 6.41% after investors exchanged 4,149,270 shares in 755 deals, sending the share price up to R33.20. After 2,111 deals totalling 2,126,949 shares, Aveng (AEG) slipped 8.52% to sell at R13.20 a share. Aquarius Platinum (AQP) was also amongst the top movers downwards today, sliding 5.71% to R1.98 after investors traded 2,669,969 shares in 357 deals. Similarly, the JSE top 40 companies lost 0.49% to close at 46,744.23 and JSE Industrial top 25 companies trimmed by 0.30% to close at 66,279.10pts.

Tanzania: The Dar es Salaam Stock Exchange (DSEI) decreased a marginal 0.03% to close at 2,677.20pts, likewise the DSE TSI increased by 0.40% to close at 4,914.05pts. Today’s volume was recorded at 10.10mn shares and valued at TZS 4.12bn. Similarly, the total market capitalization of the equity was recorded at TZS 23,453bn. Swissport Tanzania Ltd and TOL Gases Ltd gained 4.73% and 3.64% respectively. On the other hand, Tanzania Cigarette Company and National Microfinance fell by 4.64% and 4.55%. In addition, CRBD Bank is among the top mover with volume of 10.084 shares and its price closed at TZS 400 (gained TZS 5 to previous day price).

Uganda: The Uganda Securities Exchange All Share Index (USE ALSI) increased by 32.78% to close at 2,034.91pts whereas the Ugandan Stock Exchange Local Share Index (USE LSI) remained unchanged to close the day at 323.51. Today’s total volume was recorded at 6.01mn shares and total turnover was recorded at UGX 3.00bn. British American Tobacco Uganda gained 13.03% to close at UGX 8,500 and Bank of Baroda Uganda gained 4.00% to close at UGX 130. Although, Nation Media Group shred off 11.16% to close at UGX 8,295.

Zambia: The Lusaka Stock Exchange All Share Index closes at 6,144.05 down by 0.08% compared to the previous close of 6148.98 Price changes were recorded in CEC and LAFARGE. Trading was also recorded in ATEL, MFIN, PUMA, SCZ, ZAMBEEF, ZANACO and ZSUG. A total of 52,026 shares were traded in 49 trades resulting in a total turnover of K71, 265. The market capitalization was recorded at ZMK 65.55, including Shoprite Holdings Plc, and ZMK31.313 excluding Shoprite Holdings Plc.

Zimbabwe: The Industrial index recovered by 0.46 points (0.28%) to close at 166.59 points as three counters lifted the index. TSL Limited added 4 cents to close at 24 cents, Old Mutual gained by 2 cents to trade at 237 cents and OK ZIMBABWE increased by 0.50 cents to settle at 14 cents. Econet Telecommunication lost 1.39 cents to trade at 50.11 cents and FIDELITY LIFE eased 0.50 cents to 5.50 cents. ZPI (traded 0.10 cents lower at a cent and PADENGA went down by 0.05 cents to trade at 9.20 cents. The Mining index was flat at 54.70 points.

Complied by CapitalMarketsinAfrica