African Market Watch: Friday, 20th 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 trading day. BRVM 10 index rose from 268.38 to 269.37 points, a gain of 0.37%. BRVM Composite index gained 0.41% to 264.41 against 263.34 points previously. The equity market capitalization was recorded at XOF 6,524.51 billion, Likewise, the traded value was recorded at XOF 368.363 million and total volumes recorded at 886,073 shares in 250 transactions. The Top Security by volume is Ecobank Transnational Incorporated Togo with 866 923 traded shares and by value is Onatel Burkina Faso with a XOF 107.76 million total traded value. On the one hand, top price gainer was CIE Cote d’Ivoire gained 7.48% to close at XOF 75,000 and top price loser was SAPH Cote d’Ivoire lost 7.49% to close at XOF 14,845.

The Botswana Stock Exchange’s (BSE) domestic index gained 19.23pts (0.20%) to close at 9,674.99pts and foreign index remained the same as last previous trading day to close at 1571.11pts (year-to-date performance of -0.41%). The market capitalisation recorded at BWP 415,190.66 million, the total volume and turnover were recorded at 568,685 shares and BWP 6.012 million respectively. The market sentiment was negative today, as the market breadth (advancer/decliners ratio) with one advancers and two  decliners. Sefalan Holding Company, Botswana Insurance gained BWP 0.43 to close at BWP 11.00. Engen Botswana Limited and First National Bank Botswana fell by BWP 0.014 and BWP 0.03 to close at BWP 9.35 and BWP 3.75 respectively.

Ghana bourse closes on a negative note today, with the benchmark Composite index lost 4.45pts (0.20%) to 2,190.84pts; this brings its year-to-date to -3.10%. Likewise, the financial index lost 13.92pts to 2,191.14pts (-2.61% year-to-year performance). The market capitalization was recorded at GHS63.46billion. A market activity measured by volume was recorded at 276,434 in eleven and market value of GHS 930,858.89, Ghana Commercial Bank and Enterprise Group Limited were most traded accounting for 87% of total traded volumes. The market sentiment was positive today, as the market breadth (advancer/decliners ratio) berthed at 3x with 3 advancer and 1 decliner. CAL Bank Limited lost 7.83% to close at GHS 1.06. On the other hand, the gainers were HFC Bank (Ghana) Limited (gained 2.31% to close at GHS 1.33), Ghana Commercial Bank (rose by 0.95% to close at GHS 5.30) and Ecobank Ghana Limited (advanced by 0.13% to close at GHS 7.56). 

The NSE 20 Index lost 42.15pts (079%) to close at 5,304.41pts today. Likewise, Nairobi All Share Index lost 1.03pts (0.59%) to close at 172.47pts (year-to-date performance 5.65%) with total market capitalization at KES 2,408.00 trillion. The day’s volume of shares traded closed at 18.101 million in 1,898 transactions and turnover closed at KES 467.514 million. The top mover was Safaricom Limited with total volumes of 5,863,900 shares.The market sentiment was negative today, as the market breadth (advancer/decliners ratio) estimated at 0.5x with 14 advancers and 29 decliners. Flame Tree Group Holdings Limited gained 3.68% to close at KES 9.85 as the top gainer. On the loser side, Eaagads Limited went down by 6.67% to close at KES 35.00.

Both Malawi All Share Index and Domestic Index gained 0.27pts and 0.21pts to close at 14,917.94pts and 11,745.57pts respectively. However, the foreign Index remained unchanged to close at 1762.13pts. Total market capitalization was recorded at MWK 7,509.83 billion and all stocks price remained unchanged except Malawi Properties Investment LTD gained 0.20% to close at MWK 501.00.

Both indices end in negative territory today, the Semdex lost 0.32% to 1,955.90pts and the Sem-10 went down by 0.48% to 368.97pts. The market capitalization recorded at MUR 217.451 billion and overall total volume trade recorded at 5.125 million and turnover on the market amounted to MUR 57.673 million, mainly geared towards SBM Holdings which accounted for 80.0% of total volumes. The market sentiment was negative today, as the market breadth (advancer/decliners ratio) berthed at 0.9x with 7 advancers and 8 decliners.Topping the price gainers were New Gold ETF, Bramer Banking and BlueLife Limited Mauritius advanced by 4.62% to close at MUR 407.20, 3.37% to close at MUR 4.30 and 1.09% to close at MUR 4.65 respectively. On the other hand, the topping price losers were Fincorp Investment Limited Mauritius, (lost 2.44% to close at MUR 22.00), Lottotech Limited Mauritius (lost 2.03% to close at MUR 8.70) and Terra Mauritius (shed off 1.52% to close at MUR 32.50).

Morocco’s benchmark stock index (Madex Index) gained 1.00% to close at 10,411.35pts (8.27% year-to-date performance) with total market capitalization at MAD 524.04 billion and market activities as measured by value closed at MAD 468.34million. Likewise, Moroccan most active share index (MADEX) closed at 8,546.20pts (rose by 1.00% compared to previous trading day). In term of sector performance, top gainers were Forest & Paper, Beverages and Leisure & Hotels sectors gain recorded at 10.00%, 5.00% and 4.89%. However, top loser sectors were Chemicals (lost 3.16%), Engineering & Equipment (fell by 1.46%) and Distributors (lost 0.51%). The market sentiment was positive today, as the market breadth (advancer/decliners ratio) berthed at 5x with 25 advancers and 5 decliners. Med Paper tops price gainers at 10.00% to close at MAD 15.18 while Aluminium du Maroc tops the price losers by 5.06% to close at MAD 1,200.00. Furthermore, FTSE CSE Morocco 15 Index lost 0.98% to close at 9,291.67pts (5.33% year-to-date performance) and FTSE CSE Morocco All-Liquid Index dropped 1.03% to close at 8,803.14pts (9.21% year-to-date performance).

The equities market snapped a five-day losing streak today as strong buying from foreign investors taking early positions ahead of next week’s elections  pushed up prices of most market heavy weights. Today’s session was however mixed as investors were torn between panic selling and making long bets, the NSEASI subsequently ended +0.31% up on light volumes – N2.09bln ($10m). The spread between pair stocks Zenith and Guaranty widened to its highest since the opening week of the year, Guaranty surged +4.09% on strong demand while Zenith (-3%) dropped like a stone amid relentless selling. Other top movers today were Nestle (+3.69%), Nigerian Breweries (+0.38%) and Flourmill (+1.27%). On the flip side, investors continued selling in banking names such as Diamond (-4.74%), United Bank for Africa (-3.29%) and First Bank of Nigeria Holdings (-1.66%). The index fell for the second consecutive week, shedding -4.5% amid pre-election anxiety. The year-to-date performance ended at -15.36%. This week’s turnover of N12bln ($60m) was slightly above half of the weekly value in 2015 ($112m) emphasizing the wait and see approach of most investors.

The Rwandan Stock Exchange All Share Index (RSE ALSI) and RSE RSI remained constant to close at 137.33 and 234.63 respectively.

The Dar es Salaam Stock Exchange (DSEI) went up by 0.22% to close at 2655.59pts and market capitalisation recorded at TZS 23,256.33 billion. Likewise, the DSE TSI rose by 76.95pts (1.6%) to close at 4,826.68pts. Today, DSE recorded a total turnover of TZS 3,814.71 mln from 298,941 shares traded in 55 deals compared to the previous session which recorded a turnover of TZS 575.76 mln from 125,191 shares traded in 97 deals. The market sentiment was positive today; with six advancers and three decliners. Tanzania Breweries Limited was the highest gainer of the day shoving up by 3.31% to close at TZS 15,000. East African Breweries Limited fell by 1.7% to close the day at TZS 6,230.00 to be the highest loser of the day.

The Uganda Securities Exchange All Share Index (USE ALSI) went up by 1.8% to close at 2,052.64pts with market capitalization recorded at UGX 28,058.32 million. Likewise, the Ugandan Stock Exchange Local Share Index (USE LSI) rose by 0.61% to close the day at 326.26pts. A total of 5.02 million shares were traded today and total turnover came to a close of UGX 2,537 million. The market sentiment was positive today, with eight advancers and one decliner. The only loser was UCHUMI Supermarket lost 0.20% to close at UGX 499.00. While the top three gainers were Development Finance Company of Uganda Ltd (gained 6.12% to close at UGX 850.00), Nation Media Group (rose by 3.87% to close at UGX 8.084.00) and East African Breweries Limited (advanced by  2.50% to close at UGX 10.303.00).

The Lusaka Stock Exchange All Share Index closed at 6,129.02pts, up by 0.01% compared to the previous close of 6,128.53pts. The market capitalization was recorded at ZMK 65.515 billion, including Shoprite Holdings Plc, and ZMK 31.276 billion excluding Shoprite Holdings Plc. Trading was recorded in Copperbelt Energy Corporation, LAFARGE Cement Zambia, and Zambia Breweries. A total of 246,393 shares were transacted in 6 trades resulting in a total turnover of ZMK 1,479,334. A price change was recorded in Lafarge (rose by ZMK 0.01).

The Industrial index recovered by 0.33pts (0.20%) to close at 162.36pts, with total market capitalization of US$4.229 billion. Today’s total volume and total turnover were recorded at 2.216 million (42 trades) and US$678,706 respectively. The market sentiment was negative today, as the market breadth, with 2 advancer and 4 decliners. On the one hand, the gainer were Innscor Africa moved up 1.51 cents to trade at 56.51 cents and Old Mutual Zimbabwe gained 2 cents to close at 239 cents. On the downside, Mashonland Holdings Zimbabwe lost 0.20 cents to close at 2 cents, Hwange Colliery Company fell by 0.09 cents to close at 4 cents and Padenga Holdings Zimbabwe slid 0.09 cents to settle at 9 cents.


Complied by CapitalMarketsinAfrica

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