African Market Watch: Wed, 4th March 2015

Egypt: The Egyptian Stock Exchange (EGX) indices retreated collectively on Wednesday, while the market capitalization added EGP 727mn amid buy spree by Local institutions and Arab retail investors. The benchmark index EGX30 inched down by 0.15% or 14.2pts to end at 9461.06 points. Likewise, the EGX70, which measures small and mid-cap stocks, went down 0.16% to 561.49pts and the broader index EGX100 lost 0.19% at 1122.37pts. Today’s turnover amounted to EGP 531mn, while traded volume reached approx. 95.5mn shares sealed through eighteen thousands transactions. Local traders were net buyers by EGP 19.8mn, while foreign and Arab traders ended as net sellers by EGP 16.8mn and EGP 3mn respectively. Meanwhile, retail traders were net sellers except Arabs; while institutions were net buyers particularly the local ones. Today’s top gainers’ list was led by Cairo Educational Services surging 6.29% to close at EGP 10.81. On the other hand, the top losers’ list was led by Golden Coast falling 7.61% to close at EGP 24.05.

Ghana: At the closing bell, the benchmark Composite Index shredded 0.94pts to close at 2,176.96pts; this brings its year-to-date change to -3.72%. Likewise, the Financial Index trimmed by 1.15pts to close trading at 2,166.94pts and its year to date return stands at -3.42%. The market capitalization was recorded at GHS 63.38mn at the close of trading session. Trading activity by volume and turnover recorded 202,431 shares and GHS 0.43mn were traded in fifteen equities. CAL Bank was the biggest gainer today climbing GHS 0.05 to close at GHS 7.50. On the other hand, Unilever Ghana and Ecobank Translation Incorporation trimmed GHS 0.01 each to close at GHC 8.39 and GHS 0.25 respectively. The top 5 most actively traded shares by volume were Ghana Commercial Bank, CAL Bank, Societe Generale, Ecobank Translation Incorporation, and UTB Bank accounted for aprox.92% of the total volume.

Kenya: The NSE 20 Index shed off 13.37pts to close at 5,461.08pts as well Nairobi All Share Index (NASI Index) dropped by 0.27pts to close at 172.80pts with total market capitalization at KES 2,412.51bn. Car & General went up by 4.90 percent today to close at KES 53.50. Williamson Tea declined 8.67% on previous day price to close at KES 274. The day’s volume of shares traded closed at 45.39mn and turnover closed at KES 1,992.62mn, an increase of 35.51% on previous day turnover. The top mover was E.A Breweries with a turnover of KES 22.04mn, representing 36.48% of the total market turnover. In addition, foreign buys stood at 50.32% of total turnover, while foreign sales stood at 64.95% 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$15,640 (in seven trades), respectively at end of trading day.

Mauritius: The Semdex and SEM-10 index maintained their downward trends, with the former losing 0.20% to 2,009.11pts and the latter shedding off 0.10% to 379.37pts.  Overall turnover on the official market amounted to Rs30.7mn.  MCB Group dropped to Rs203.00 (-0.5%) on a total volume of 44.0 thousand shares traded, whilst SBM Holdings grew by 1.0% to Rs1.01 on 1.6mn shares exchanged.  Financial company CFS gave up 2.4% to Rs9.70 on 80.9 thousand shares. Only mover on the insurance counter was MEI which saw 21.1k shares traded at Rs108.00 (-0.7%).  Losers on the commerce counter were ENL Commercial (-6.2%) and Innodis (-0.9%).  At the industrials level, Gamma Civic and MCFI decreased by 0.1% and 10.6% to Rs37.75 and Rs22.35 on 900 shares and 9.5k shares respectively. On the hotel side, NMH fell by 0.4% to Rs63.75 on 18.0k shares and LUX went down by 0.9% to Rs55.50 on 29.0k shares.

Morocco: Morocco’s benchmark stock index (Madex Index) rose by 0.19% to close at 10,476,02pts (year-to-date change of 8.90%) with total market capitalization at MAD 527.26bn. Market activities as measured by value closed at MAD 75.54mn. Moroccan most active share index (MADEX) closed at 8,595.82pts (rose by 0.24% compared to previous day trading). In term of sector performance, Mining gained 1.60% but, Electrical & Electronic fell by 7.98%. Furthermore, FTSE CSE Morocco 15 Index gained 0.14% to close at 9,374.14pts and FTSE CSE Morocco All-Liquid Index gained 0.35% to close at 8,850.67pts.

Nigeria: Gains recorded on the Nigerian bourse weakened at the close of trading today as the All Share Index advanced slightly by 5bps to close 30,614.93pts. In likewise manner, market capitalisation also added N4.6bn to close at N10.2tn. The slowdown in gains in the bourse today was against the backdrop of investor profit taking in large caps – Guaranty (4.2%) and Seplat (4.2%). Market activities however slowed today, as the volume and value traded declined 25.2% and 0.1% to close 381.3m units and N4.9bn respectively. The performance of sector indices was broadly mixed today as three sectors closed weaker while two gained. The Industrial Goods Index led sector advancers, appreciating 0.7% on account of gains in Dangote Cement (0.4%) and Wapco (1.1%). The Consumer Goods index trailed, closing 0.4% higher relative to market close yesterday. The Oil &Gas index led sector losers with 1.3% attributable to losses sustained in Seplat (4.2%) and Mobil (2.0%). Other sector decliners were the Insurance and Banking indices with 1.3% and 0.5% respectively.

Rwanda: The RSE ALSI and RSE RSI remained unchanged to close at 137.33 and 234.63 respectively. The trading session remained quiet today.

South Africa: The JSE All Shares closed by shaved off 0.45% to close at 52,891pts at end of today’s trading session. 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. The top mover upwards today was Evraz Highveld Steel & Van whose shares rose 47.83% to reach R3.40 a share, after 6 deals exchanged 4,744 shares. Activity was average with about 187mn shares traded compared to last year’s daily average of 185mn million shares, according to preliminary bourse data.

 Tanzania: The Dar es Salaam Stock Exchange (DSEI) decreased by 0.91% to close at 2,677.88pts, whereas the DSE TSI increased by 0.01% to close at 4,933.80pts. Today’s volume was recorded at 153,577 shares and valued at TZS 903.89mn. Similarly, the total market capitalization of the equity was recorded at TZS 23,459bn. Swissport Tanzania Ltd and Tanzania Breweries Ltd gained 1.10% and 0.69% respectively. On the other hand, Kenya Airways Ltd and Uchumi Supermarket Ltd fell by 5.00% and 4.55%. In addition, CRBD Bank is among the top mover with volume of 90,609 shares and its price closed at TZS 395 fell by TZS 5 to previous day price.

Uganda: The Uganda Securities Exchange All Share Index (USE ALSI) trim off 0.85% to close at 2,016.30 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.

Zambia: The Lusaka Stock Exchange All Share Index maintained the previous close of 6,148.98 points as no price movements were recorded today. Trading was recorded in ATEL, NATBREW, ZAMBREW and ZANACO. A total of 5,058,984 shares were traded in 9 trades resulting in a total turnover of ZMK1,667,774. The market capitalization was recorded at ZMK65.566, including Shoprite Holdings Plc, and K31.327bn excluding Shoprite Holdings Plc.

Zimbabwe: The Industrial index closed at 166.13 points after losing 0.77 points (0.46%). TSL Limited shed 5 cents to trade at 20 cents; Old Mutual lost 2 cents to settle at 235 cents whilst Dairibord Holdings eased 0.30 cents to 8.30 cents. Zimplow Holdings was marginally down by 0.01 cents to close at 8.50 cents. Ariston Holdings was the only counter to trade in the positive after gaining 0.10 cents to trade at 0.80 cents. The Mining index gained 0.12 points (0.22%) to close at 54.70 points.

Complied by CapitalMarketsinAfrica