African Market Watch: Tuesday, 17th March 2015

BRVM [he Regional Stock Exchange, Cote d’Ivoire]
BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session this Tuesday, lower than the previous day. BRVM 10 index decreased from 268.67 to 267.74 points, a drop of 0.35% and BRVM Composite index lost 0.25% to 264.21 against 264.86 points previously. The traded value is XOF 714.02 million against XOF 1.21 billion last Monday. Equity Market capitalization is XOF 6,519.64 billion and the top security by volume is Ecobank Transnational Incorporated TG with 266 412 traded shares and by value is SONATEL SN with a XOF 430.08 million total traded value. On the one hand, top gainers was Servair Abidjan Cote d’Ivoire gained 7.50% to close at XOF 41,930 and top loser was SOGB Cote d’Ivoire lost 7.50% to close at XOF 24,050.

Botswana
The Botswana Stock Exchange’s (BSE) domestic index lost 26.28pts (0.27%) to close at 9647.87pts (with year-to-year performance 1.82%) and foreign index remained the same as last previous trading day to close at 1571.11pts (year-to-date of 0.41%). The market capitalisation recorded at BWP 415,481.17mn, the total volume and turnover were recorded at 26,370,511 shares and BWP 94,171 respectively. The market sentiment was negative  today, as the market breadth (advancer/decliners ratio) with zero advancers and 1 decliner. Letshego Holdings Limited lost BWP 0.02 to close at BWP 235. All other share prices remained unchanged compare to previous trading day.

Egypt
The Egyptian Exchange (EGX) indices ended on positive note, and market capitalisation gained about EGP 1.7billion. The benchmark index EGX30 added 0.34% or 32 points to 9,561.33 points. Following suit, the small and mid-cap index EGX70 gained 0.03% to 549.53 points , while the broader index EGX100 went up 0.1% to 1,110.50 points. Today’s turnover amounted to EGP 602.4 million, while traded volume reached around 93.8 million shares sealed through 18,900 transactions. The market sentiment was positive today, as the market breadth (advancer/decliners ratio) berthed at 1.4x with 63 advancers and 16 decliners. On the one hand, topping the gainer price list was led by Saudi Egyptian Investment & Finance surging 9.28% to close at EGP 67.46. On the other hand, the top losers’ list was led by Orascom Hotels & Development falling 6.24% to close at EGP 12.17. As an aside, foreign traders were net buyers by EGP 10.4 million, while local and Arab traders ended as net sellers by EGP 2.9 million and EGP 7.5 million, respectively. Meanwhile, retail traders were net buyers; while institutions were net sellers particularly the foreign ones.

Ghana:
Ghana bourse closes on a positive note today, with the benchmark Composite index rose by 4.32pts to 2,194.27pts; this brings its year-to-date to -2.95%. Likewise, the financial index gained 3.56pts to 2,191.47pts (-2.32% year-to-year performance). The market capitalization was recorded at GHS63.48billion. A market activity measured by volume was recorded at 861,115 in fourteen shares and total turnover GHS 1.25m. Enterprise Group Ltd, CAL Bank, Societe Generale Ltd, Ecobank Trans. Inc and Standard Chartered Bank were the top five most actively traded shares by volume accounted for c.99% of total traded volume. The market sentiment was neutral today, as the market breadth (advancer/decliners ratio) berthed at 1x with 1 advancer and 1 decliner. CAL Bank Limited gained 0.01% to close at GHS 1.15 while Ecobank Transnational Inc fell by 0.01% to close GHS 0.25.

Kenya:
The NSE 20 Index lost 28.32pts (0.15%) to close at 5,313.84pts today. However, Nairobi All Share Index gained 0.33pts (0.20%) to close at 171.99pts with total market capitalization at KES 2,410 trillion. The total volume of shares traded closed at 26.82mn as total turnover closed at KES 950.10mn depicting an increment of 23.64 percent and 84.21 percent respectively. The top mover was Equity Group with a turnover of KES 241.97mn, representing 25.47 percent of the day’s total market turnover. The market sentiment was positive today, as the market breadth (advancer/decliners ratio) berthed at 1.3x with 24 advancers and 19 decliners. On the one hand, topping the gainers list were E.A Portland, Sameer Africa Limited, Express Limited, Uchumi Supermarket Limited and E.A Breweries gained 10.00% to close at KES 66.00, 4.58% to close at KES 6.85, 4.17% to close at KES 6.25, 3.38% to close at KES 10.70 and 2.95% to close KES 314.00 respectively. On the other hand, topping the loser chart were lost SASINI, Car & General and Mumias Sugar fell by 9.57%, 4.72% and 3.57% to close at KES 13.70, KES 50.50 and KES 2.70 respectively. Foreign buys closed at 52.70 percent of total turnover while foreign sales closed at 55.80 percent of turnover.

Malawi:
Both Malawi All Share Index and Domestic Index remained unchanged to to close at 14,917.67pts and 11,745.36pts respectively. Likewise, the foreign Index remained unchanged to close at 1762.13pts. Total market capitalization was recorded at MWK 7,509.83 billion and total volume was recorded at 89,068 in six deals. Furthermore, all stocks price remained unchanged.

Mauritius:
Both indices end in negative today, the Semdex lost 3.27pts (0.17%) to 1,968.25pts and the Sem-10 lost 0.73 (0.22%) to 371.72pts. The market capitalization recorded at MUR 218.83billion and overall total volume trade recorded at 2.06mn and turnover on the market amounted to MUR 27.06mn, mainly geared towards SBM Holdings, Ciel Limited, Cim Financials and Alteo Limited accounted for c.76% of total volume. The market sentiment was negative today, as the market breadth (advancer/decliners ratio) berthed at 0.4x with 4 advancers and 9 decliners. The four gainers were ERAFI ETF, Bramer Banking, Ireland Blyth and Cim Financial gained 10.52%, 2.14%, 0.88% and 0.21% to close at MUR 140.72, MUR 4.29, MUR 114.00 and MUR 9.72 respectively. On the other hand, the topping losers chart were PIM (lost 5.25% to close at MUR 76.75), New Mauritius Hotels Ltd (declined 2.45% to close at MUR 59.75) and INNODIS LTD (fell by 1.79% to close at MUR 55.00).

Morocco:
Morocco’s benchmark stock index (Madex Index) gained 0.02% to close at 10,426.40pts (8.38% year-to-date performance) with total market capitalization at MAD 524.77bn and market activities as measured by value closed at MAD 42.63mn. Likewise, Moroccan most active share index (MADEX) closed at 8,565.70pts (rose by 0.05% compared to previous trading day). In term of sector performance, top gainers were Utilities, Banks and Beverages sectors gain recorded at 3.19%, 0.76% and 0.2% respectively. However, top loser sectors were Forest & Paper (5.97%), Leisure & Hotels (5.26%) and Holdings (2.70%). The market sentiment was negative today, as the market breadth (advancer/decliners ratio) berthed at 0.8x with 18 advancers and 26 decliners. Miniere Touissit tops gainer chart at 4.95% to close at MAD 1,207 while Rebab Company tops the loser chart by5.98% to close at MAD 80.42. Furthermore, FTSE CSE Morocco 15 Index gained 0.35% to close at 9,322.45pts (5.69% year-to-date performance) and FTSE CSE Morocco All-Liquid Index dropped 0.26% to close at 8,828.56pts (9.52% year-to-date performance).

Nigeria:
The Nigerian Equities Market continued downbeat as the Benchmark Index -All Share Index (ASI), declined further by 1.3% to close at 29,553.69 points. This is due to increased profit taking in banking stocks such as Guaranty Bank (7.5%), Zenith Bank (4.5%) and First Bank of Nigeria Holdings (4.3%). Market capitalization declined N125.43bn to settle at N9.86tn. Market activity as measured by Volume and value traded, increased by 51.3% and 79.4% to close at 452.20m units and N3.28bn respectively. All sector indices closed in the red save for the Industrial sector index which closed flat. The Banking sector continues to lead the sector losers with 3.9% and the Oil & Gas index also dipped 2.1%. Likewise, the Insurance index which closed at 0.3% and the Consumer Goods index which closed at 0.1%. Market sentiment remains negative today with a Market Breadth (advancers/ decliners ratio) of 0.3x as only 6 stocks advanced as against 24 decliners. The gainers table was topped by Access Bank (10.0%) followed by Costain West Africa (4.7%) and International Energy Insurance (3.8%) while UBA Capital (6.1%), Diamond Bank (5.0%) and Union Bank of Nigeria (5.0%) led the list of laggards.

Rwanda:
The Rwandan Stock Exchange All Share Index (RSE ALSI) and RSE RSI remained constant to close at 137.33 and 234.63 respectively. Total number of shares traded 600 representing a turnover of RWF 194,400.

South Africa:
The All Share index ended 0.31% higher today to close at 52,300.24pts. Similarly, the benchmark Top-40 index advanced by 0.14% to close at 46,269.27pts and Financial Top-15 index increased by 1.13% to close at 44,799.40pts.The market sentiment was negative today, as the market breadth (advancer/decliners ratio) berthed at 1.2x with 177 advancers and 154 decliners. On the one hand, topping the gainers chart were: Sekunjalo Investments, Poynting Holdings Ltd and Lonmin Plc by gaining 10.56%, 9.50% and 9.41% to close at ZAR 199, ZAR 219 and ZAR 2,210 respectively.  On the other hand, topping the losers chart Evraz Highveld Steel & Van, Astrapak Ltd and Atlatsa Resources Corp losing 21.05%, 14.89% and 10.87% respectively.

Tanzania:
The Dar es Salaam Stock Exchange (DSEI) went up by 0.03% to close at 2,593.53pts and market capitalisation recorded at TZS 22.72bn. However, the DSE TSI decreased by 0.09% to close at 4,751.14pts. Today, DSE recorded a total turnover of TZS 4,561.53 mln from 11,095,904 shares traded in 77 deals compared to the previous session which recorded a turnover of TZS 80.47 mln from 33,370 shares traded in 78 deals. The market sentiment was positive today; with five advancers and three decliners. Swala Gas & Oil was the highest gainer of the day shoving up by 9.09 percent to close at TZS 600.00. However, Tanga cement company declined by 6.05 percent to close the day at TZS 4,500 to be the highest loser of the day.

Tunisia:
The Tunis Stock Exchange benchmark index (TUNINDEX) gained 6.05pts (0.11%) to close at 5,369.41pts (year-to-year performance of 5.46%) with the market capitalization at TND 18.48bn. However, the Tunis top-20 capitalised index also declined by 0.03% to close at 2,292.76pts. Today’s turnover amounted to TND4.64mn, while traded volume 715,477 shares sealed in 60 listed companies. The market sentiment was negative today, as the market breadth (advancer/decliners ratio) berthed at 0.7x with 18 advancers and 26 decliners. On the one hand, topping the price gainers list were GIF Filters, Banque Nationale Agricole and Assurance Salim gaining 6.07% to close at TND 3.32, 5.95% to close at TND 9.79 and 5.65% to close at TND 20.2 respectively. On the other hand, toping the price loser chart were Industries Chimiques du Fluor, Banque de Tunisie and SOTETEL lost 5.69%, 3.00% and 2.96% to close at TND 33.00, TND 22.00 and TND 2.62 respectively.

Uganda:
The Uganda Securities Exchange All Share Index (USE ALSI) went down by 0.13% to close at 2,006.65pts with market capitalization recorded at UGX 27,429mn. Likewise, the Ugandan Stock Exchange Local Share Index (USE LSI) lost 0.05% to close the day at 324.36pts. A total of 6.08mn shares were traded indicating a decrease of 68.05 percent from yesterdays, 19.04mn shares. Total turnover came to a close of UGX 203.81mn. The market sentiment was negative today, as the market breadth, with five advancers and six decliners. The three top gainers were Uchumi Supermarkets Limited (gained 6.13% to close at UGX 329.00), Kenya Airway (0.68% to close at UGX 298.00), and Kenya Commercial Bank (0.58% to close at UGX 1,904). However, the top three losers were Uganda Clays Limited (-10.00% to close at UGX 18), New Vision Printing (0-0.33% to close of UGX 602) and Nation Media Group (-0.24% to close at UGX 7,872).

Zambia:
The Lusaka Stock Exchange All Share Index closed at 6,123.99pts, down by 0.26% compared to the previous close of 6,139.81. The market capitalization was recorded at ZMK65.495billion, including Shoprite Holdings Plc, and ZMK31.255billion excluding Shoprite Holdings Plc. Trading was recorded in ATEL, BATA, CEC, LAFARGE, MFIN, PUMA, SCZ, ZAMBREW and ZSUG. A total of 6,624 shares were traded in 15 trades resulting in a total turnover of K22, 557. Price changes were recorded in BATA (fell ZMK 0.01) and SCZ (lost ZMK 0.01).

Zimbabwe:
The Industrial index opened the week by shedding 0.02pts (0.01%) to close at 161.98pts, with total market capitalization of US$4.213billion. Today’s total volume and total turnover were recorded at 672,975 (57 trades) and US$251,858 respectively. The market sentiment was negative today, as the market breadth, with three advancers and four decliners. On the one hand, the gainers were TSL recovered 3 cents to trade at 24 cents, Mashonaland Holdings Limited gained 0.25 cents to settle at 2.25 cents and Zimre Property Investment added 0.20 cents to a cent. However, the four losers were:  National Foods Holdings lost 5 cents to close at 315 cents, Innscor Africa Limited shed 2 cents to 55 cents, Unifreight Africa halved to 1.50 cents and Dawn Property dropped 0.10 cents to trade at a cent.

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