African Market Watch: Monday, 23rd March 2015

BRVM [he Regional Stock Exchange, Cote d’Ivoire]
BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session today, slightly higher than the previous day. BRVM 10 index rose from 269.37 to 269.39 points, a gain of 0.01%. BRVM Composite index gained 0.02% to 264.46 against 264.41 points previously. The equity market capitalization was recorded at XOF 6 525.66 billion. Likewise, the traded value was recorded at XOF 922.082 million and total volumes recorded at 2 435 213 shares in 255 transactions. The Top Security by volume is Ecobank Transnational Incorporated Togo with 2, 408,393 traded shares and by value is Sonatel Senegal with a XOF 298.11 million total traded value. On the one hand, top price gainer was Servair Abidjan Cote d’Ivorie rose by 7.50% to close at XOF 48,375 and top price loser was Total Senega shed off 7.42% to close at XOF 31,005.

The Botswana Stock Exchange’s (BSE) domestic index gained 3pts (0.38%) to close at 9,711.46pts (with year-to-date performance 2.21%) 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 recorded at BWP 423,381 million, the total volume and turnovers were recorded at 1,423,752 shares and BWP 3.489 million respectively. The market sentiment was positive today, as the market breadth (advancer/decliners ratio) with three advancers and zero decliner. Turnstar Botswana and Primetime edged up by BWP 0.01 apiece to trade at their new 12 month highs of BWP 2.18 and BWP 2.71 respectively.

The Egyptian Stock Exchange (EGX) indices ended on a mixed note on Monday, as market capitalisation lost EGP 380 million amid a strong buying spree from local and Arab institutions and market capitalization recorded at EGP 514.20 billion. The EGX30 inched up 0.21% to 9,374.12 points, while the small and mid-cap index EGX70 fell 0.20% to 527.13 points and the broader EGX100 went down 0.10% to 1,077.15 points. Today’s turnover amounted to EGP 477.6 million, while traded volume reached around 108.7 million shares sealed through 19,000 transactions. The market sentiment was positive today, as the market breadth (advancer/decliners ratio) berthed at 1.01x with 34 advancers and 73 decliners. Alexandria Pharmaceuticals topped the gainers, surging 5.46% to close at EGP 54.87. Misr Beni Suef Cement led the losers, falling 7.67% to close at EGP 40.67.  Foreign traders were net buyers by EGP 65 million, while local and Arab traders ended as net sellers by EGP 24.1 million and EGP 40.9 million, respectively. Meanwhile, retail traders were net buyers, while institutions were net sellers. 

Ghana Stock exchange recovered from the last Friday lost, with the benchmark Composite index rose by 3.25pts (0.15%) to 2,194.09pts; this brings its year-to-date performance to -2.96%. Likewise, the financial index added 4.49pts to 2,189.87pts (-2.41% year-to-date performance). The market capitalization was recorded at GHS 63.475 billion. A market activity measured by volume was recorded at 94,264 in twelve and market value of GHS 160,983. CAL Bank, Ecobank Transnational, Ghana Oil, Standard Chartered Bank and Ecobank Ghana were most traded accounting for 93% of total traded volumes. The market sentiment was positive today, as the market breadth (advancer/decliners ratio) berthed at 2x with 4 advancer and 2 decliners. On the one hand, topping the price gainers were SIC Insurance gained 4.76% to close at GHS 0.22, HFC Bank added 1.50% to close GHS 1.35 and Ecobank Ghana advanced by 0.53% to close at GHS 7.60. On the other hand, the losers were Total Petroleum and Standard Chartered Bank went down by 0.16% and 0.05% to close at GHS 6.10 and GHS 20.26 respectively. 

The NSE 20 Index lost 38.74pts (0.73%) to close at 5,265.67pts today. Likewise, Nairobi All Share Index lost 0.45pts (0.26%) to close at 172.02pts (year-to-date performance 5.65%) with total market capitalization at KES 2,401.61 trillion. The day’s volume of shares stood at 17.05mn with a turnover of KES 562.13mn, indicating an increment of 20.24 percent compared to Fridays turnover. The top mover was KCB Bank with a turnover of KES 146.67mn, representing 26.09 percent of the day’s total market turnover. The market sentiment was negative today, as the market breadth (advancer/decliners ratio) estimated at 075x with 17 advancers and 22 decliners. I&M Bank went up by 7.50 percent today to close at KES 129.00; Williamson Tea declined 8.10% to close at KES 261.00 today. Foreign buys stood at 69.75% of total turnover.

Both Malawi All Share Index and Domestic Index remained unchanged to close at 14,917.94pts and 11,745.57pts respectively. Likewise, the foreign Index remained unchanged to close at 1762.13pts. Total market capitalization was recorded at MWK 7,509.83 billion; a total volume was recorded at 200,405 in three transactions and turnover of MWK 8.58 million. All stocks price remained unchanged.

Both indices end in a positive territory today, the Semdex went up by 0.31% to 1,961.98pts and the Sem-10 went down by 0.41% to 370.47pts. The market capitalization recorded at MUR 218.127 billion and overall total volume trade recorded at 3.341 million and turnover on the market amounted to MUR 42.702 million, mainly geared towards Rogers which contributed 43% of total market turnover. 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 Mauritius Hotels rose by 4.46% to close at MUR 62.00, Lottotech went up by 2.07% to close at MUR 8.88 and Bluelife Mauritius rose by 1.08% to close at MUR 4.70. On the other hand, the topping price losers were Automatic Systems Limited (lost 5.48%), and Mauritius Union Assurance (went down to MUR 76.00).

Morocco’s benchmark stock index (Madex Index) fell by 0.02% to close at 10,408.85pts (8.20% year-to-date performance) with total market capitalization at MAD 523.91 billion and market activities as measured by value closed at MAD 109.352 million. Likewise, Moroccan most active share index (MADEX) closed at 8,543.39pts (fell by 0.03% compared to previous trading day). In term of sector performance, top gainers were Forest & Paper, Transport, and Materials, Software & Computer sectors advanced by 9.95%, 2.14% and 1.45% respectively. Holding Companies (lost 2.94%), Chemicals (fell by 2.18%) and Food Processor & Producers (declined by 1.01%). The market sentiment was neutral today, as the market breadth (advancer/decliners ratio) berthed at 1x with 25 advancers and 25 decliners. Med Paper tops price gainers at 9.95% to close at MAD 16.69 while Res Dar Saada tops the price losers by 4.70% to close at MAD 174.40. Furthermore, FTSE CSE Morocco 15 Index gained 0.20% to close at 9,309.71pts (5.54% year-to-date performance) and FTSE CSE Morocco All-Liquid Index dropped 0.15% to close at 8,816.05pts (9.37% year-to-date performance).

Namibia Overall Index gained by 5.91pts (0.51%) to close at 1,159.95pts and Namibia domestic index remained unchanged to close at 413.73pts. The market sentiment was negative today, as the market breadth (advancer/decliners ratio) berthed at 1.1x with 10 advancers and 9 decliners. On the one hand, topping the gainers list were Standard Bank Group, Oceana Group and NedBank Group gained 2.23%, 2.13% and 2.11% to close at NAD 16,470, NAD 9.600 and NAD 24,690 respectively. On the other hand, topping the price losers were Bannerman, PSG Konsult Namibia and MMI Holdings Limited lost 5.88%, 2.43% and 1.80% respectively.

The Nigerian Equity Market opened the week on a positive note as the All Share Index (ASI) rose 58bps to dock at 29,505.47. Market Capitalization expanded by N57.1bn to settle at N9.8tn. Market volume and value moved up 269.4% and 168.2% to close at 609.7m units and N5.6bn respectively. All sector indicators drifted north save the Consumer goods sector index which dipped marginally by 0.3%. The Industrial Goods sector led the advancers by 1.7% due to price appreciation in WAPCO (+4.5%) and Dangote Cement (+0.2%). Following was the Banking sector, which rose 1.4% as a result of gains recorded in banking stocks such as STANBIC (+4.4%) and ETI (+4.1%). Oil & Gas and Insurance Indices also advanced 1.3% and 1.0% respectively. Loss posted by Consumer Goods index was on the back of losses sustained in FLOUR MILLS (-2.1%) and NESTLE (-1.2%). Market breadth (Advancer/Decliner ratio) closed positive at 1.4x with 26 stocks advancing against 19 decliners. CONTINENTAL INSURANCE (+4.8%), UBA (+4.8%) and DIAMOND BANK (+4.7%) chaired the winners while CAP (-6.3%), UACN (-5.0%) and CADBURY (-5.0%) topped the losers’ chart.

The Rwandan Stock Exchange All Share Index (RSE ALSI) and RSE RSI went up by 0.11% and 0.57% respectively to close at 137.30 and 234.46. Bank of Kigali declined by 0.34 percent to close at RWF 295.00.

South Africa:
The All Share ending 0.14% lower to close at 52559.35pts. Similarly, the benchmark Top-40 index went down by 0.24% to close at 46,480.63pts and JSE Industrial top-25 index gained 0.77% to close at 65,832.78pts. Likewise, the financial index lost 0.03% to close at 44,638.09pts. The market sentiment was negative today, as the market breadth (advancer/decliners ratio) recorded at 0.8x with 158 advancers and 200 decliners. On the one hand, topping the price gainers were Homechoice International Plc South Africa went up 10.53% to close at ZAR 39.90 and Zci Limited South Africa advanced by 8.48% to close at ZAR 4.99. On the price losers were Camac Energy Inc lost 66.00% to close at ZAR 2.04) and Cullinan Holdings Limited South Africa shed off 20.17% to close at ZAR 1.90.

The Dar es Salaam Stock Exchange (DSEI) went up by 13.25pts (0.50%) to close at 2668.84pts and market capitalisation recorded at TZS 23,360.68 billion. However, the DSE TSI lost 6.45pts (0.13%) to close at 4,820.23pts. Today, DSE recorded a total turnover of TZS 68.56 million from 30,149 shares traded in 23 deals compared to the previous session which recorded a turnover of TZS 3,814.71 million from 298,941 shares traded in 55 deals.  The market sentiment was negative today; with three advancers and seven decliners. Africa Barrick Gold was the highest gainer of the day shoving up by 5.96 percent to close at TZS 6,930.00. Dar Es Salaam Community Bank declined by 1.17 percent to close the day at TZS 845 to be the highest loser of the day.

The Tunis Stock Exchange benchmark index (TUNINDEX) gained 9.42pts (0.18%) to close at 5,327.58pts (year-to-date performance of 4.64%) with the market capitalization at TND 17.904 billion. Today’s turnover amounted to TND 4.216 million, while traded volume 965,458 shares sealed in 272 transactions and 55 listed companies. The market sentiment was positive today, as the market breadth (advancer/decliners ratio) calculated at 1.1x with 25 advancers and 22 decliners. On the one hand, topping the price gainers were Somocer Group Tunisia (gained 5.54% to close at TND 3.05), Société de Placement Tunisia (advanced by 5.37% to close at TND 12.36) and Carthage Cement Tunisia (increased by 4.3% to close TND 1.94). However, on the price losers were Attijari Leasing Tunisia, Societe Nouvelle Maison and Assurances Salim slid by 2.25%, 1.75% and 1.49% respectively.

The Uganda Securities Exchange All Share Index (USE ALSI) went up by 0.08% to close at 2,054.23pts with market capitalization recorded at UGX 28,080.16 million. However, the Ugandan Stock Exchange Local Share Index (USE LSI) went down by 0.22% to close the day at 325.54pts. A total of 1.66 million shares were traded today and total turnover came to a close of UGX 821.58 million. The market sentiment was negative today, with three advancers and seven decliners. The three gainers were Centum Investment Company Limited gained 7.83% to close at UGX 1,887; Kenya Commercial Bank went up by 0.94 to close at UGX 1,936 and East African Breweries Limited Kenya advanced by 0.57% to close at UGX 10,362. While the top three losers were Uchumi Supermarket Kenya, Equity Bank Limited Kenya and Umeme Limited Uganda fell by 3.60%, 1.03% and 1.00% to close at UGX 360, UGX 1,631 and UGX 494.00 respectively.

The Lusaka Stock Exchange All Share Index remained unchanged to close at 6,129.02pts with no price movement. The market capitalization was recorded at ZMK 65.515 billion, including Shoprite Holdings Plc, and ZMK 31.276 billion excluding Shoprite Holdings Plc. Trading occurred in four securities Airtel Networks Zambia , Copperbelt Energy Corporation, Lafarge Zambia and Zambia Sugar Plc accounting for seven trades in which 3,329 shares were transacted in a turnover of ZMK 13,942. 

The Industrial index slid by 0.88pts (0.54%) to close at 161.48pts, with total market capitalization of US$4.204 billion. Today’s total volume and total turnover were recorded at 2.216 million (21 trades) and US$363,943 respectively. The market sentiment was negative today, as the market breadth, with 2 advancer and 5 decliners. On the one hand, the gainers were Old Mutual Zimbabwe which rose by 3 cents to trade at 242 cents and NICOZ DIAMOND added 0.10 cents to settle at 1.40 cents. While TSL Zimbabwe shed a cent to trade at 23 cents, OK ZIMBABWE lost 0.80 cents to 13.20 cents whilst CFI Holdings Limited and National Merchant Bank Zimbabwe eased 0.50 cents each to 1.50 cents and 3 cents respectively. Furthermore, the Mining index dropped a further 1.71 points (3.53%) to close at 46.71 points.

Complied by CapitalMarketsinAfrica

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