African Market Watch: Thurs, 16th April 2015

BRVM [The Regional Stock Exchange, Cote d’Ivoire]:
BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session today, higher than the previous day for both BRVM 10 index and BRVM Composite. BRVM 10 index rose from 271.78 to 273.94 points, a gain of 0.79%. BRVM Composite index gained 0.51% to 263.17 against 261.83 points previously. The equity market capitalization was recorded at XOF 6,492.71 billion. Likewise, the traded value was recorded at XOF 1,130.797 million and total volumes recorded at 360,633 shares in 194 transactions. The top security by volume and valued traded were Ecobank Transnational Incorporated Togo with 338,568 traded shares and Bank of Africa Niger with XOF 326.163 million respectively. The market sentiment was negative today (measured as advancer/decliners ratio) with six advancers and ten decliners. On the one hand, top price gainer was SICOR Cote d’Ivoire rose by 7.48% to close at XOF 10,280 and top price loser was BICI Group Cote d’Ivoire fell by 2.86% to close at XOF 84.505.

The Botswana Stock Exchange’s (BSE) domestic index went up by 5.41pts (0.06%) to close at 9,804.22pts (with year-to-year performance 3.18%) and foreign index remained the same as last previous trading day to close at 1571.11pts (year-to-date of performance -0.43%). The market capitalisation was recorded at BWP 378.422 million, the total volume and turnover was recorded at 18,196 shares and BWP 128,824 respectively. The market sentiment was neutral today, (measure as the market breadth-: advancer/decliners ratio) with one advancer and one decliner. Standard Chartered Bank Botswana gained BWP 0.15 to close at BWP 12.55 and First National Bank Botswana fell by 0.3% (loss BWP 0.01) to trade at BWP 3.75.

The Egyptian Stock Exchange (EGX) end on positive territory with market capitalization added about EGP 566 billion to close at EGP 511.270 billion. The benchmark index EGX30 went down by 0.11% to close at 8,886.84pts. The small and mid-cap index EGX70 went up by 0.75% to 494.50pts and the broader EGX100 edged up by 0.33% to 1,008.42pts. The market sentiment was positive today (measured as advancer/decliners ratio) with 75 advancers and 53 decliners. Arab Polvara Spinning & Weaving topped the gainers, surging 7.01% to close at EGP 2.2 while Glaxo Smith Kline led the losers, falling 2.89% to close at EGP 11.28. Today’s turnover amounted to EGP 487.4 million, while traded volume reached around 107.7 million shares sealed through 15,900 transactions. Foreign traders were buyers by EGP 48 million, while local and Arab traders were sellers by EGP 44.8 million and EGP 3.2 million, respectively. Meanwhile, retail traders were net sellers, while institutions were net buyers.

Ghana Stock exchange ended in positive territory today, with the benchmark Composite index rose by 30.37pts (1.36%) to 2,262.98pts; this brings its year-to-date performance to 0.09%. Likewise, the financial index gained 42.02pts (1.87%) to close at 2,291.21pts (2.12% year-to-date performance). The market capitalization was recorded at GHS 65,255 billion. A market activity measured by volume was recorded at 611,850 shares changing hands in thirteen shares. The market sentiment was positive today (measured as advancer/decliners ratio) with two advancers and zero decliners. Ecobank Ghana and Ecobank Transnational Incorporated Togo were the two gainers with gains of GHS 0.04 (0.51%) and GHS 0.04 (13.7%) to settle at GHS 7.90 and GHS 0.33 respectively.

The NSE 20 Index fell for the third day running, declined by 47.28pts to close at 5,078.74pts today. Whereas, the Nairobi All Share Index continued its upward trend for the week gaining 0.50pts to close at 171.57pts with total market capitalization at KES 2,399.38 billion. The market sentiment was negative today (measured as the market breadth: – advancer/decliners ratio) with 15 advancers and 22 decliners. Standard Group was the highest gainer, rising by 6.43 percent on its share price to close at KES 37.25. However, BAT Kenya was the top loser of the day declining by 6.11 percent to close at KES 676.00. The total volume of shares traded stood at 15.66mn as total turnover closed at KES 590.60mn depicting an increment of 47.21 percent compared to yesterday’s turnover. The top mover was KCB Bank with a turnover of KES 271.75mn, representing 46.01 percent of the day’s total market turnover.  Foreign buys closed at 68.49 percent of total turnover while foreign sales closed at 82.68 percent of turnover.

Both Malawi All Share Index and Domestic Index remained unchanged to close at 15,508.65pts and 12,221.43pts respectively. Likewise, the foreign Index remained unchanged to close at 1762.13pts.Total market capitalization was recorded at MWK 7,535.07 billion; a total volume was recorded at 175492 shares in ten transactions and turnover of MWK 317,110. The market sentiment was neutral (measured as the market breadth: – advancer/decliners ratio) with zero advancer and zero decliner.

The Semdex went down by 0.95pts (0.05%) to close 1,948.47pts but the Sem-10 fell by 0.47pts (0.13%) to 369.43pts. The market capitalization was recorded at MUR 63.303 billion and overall turnover on the official market was recorded at MUR 143.874 million. The market sentiment was positive today (measured as the market breadth advancer/decliners ratio) with five advancers and four decliners. Topping the gainers list were Bluelife Limited, Caudan Development Mauritius and CIM Financial Services Limited advanced by 9.60% (to close at MUR5.48), 6.06% (to settle at MUR 1.40) and 1.13% (to trade at MUR 8.98) respectively. On the other hand, topping the losers were Lottotech Limited fell by 1.36% to close at MUR 5.80, SBM Holdings Mauritius decreased by 1.06% to close at MUR 0.93 and Mauritius Development Investment Trust declined by 0.37% to trade at MUR 5.36.

Morocco’s benchmark stock index (MASI Index) fell by 0.25% to close at 9,912.31pts (3.71% year-to-date performance) with total market capitalization at MAD 500.427 billion and market activities measured as total traded value was closed at MAD 62.583 million. Likewise, Moroccan most active share index (MADEX) closed at 8,133.42pts (loss by 0.26% compared to previous trading day). In term of sector performance, top gainers were Leisures & Hotels, Forestry & Paper and Construction & Building Materials sectors gained 3.24%, 3.17% and 2.24% respectively. On the losers’ sector were Engineering & Equipment Industrial Goods (3.36%), Telecommunications (2.83%) and Mining (1.36%).The market sentiment was neutral today, as the market breadth (advancer/decliners ratio) with 13 advancers and 13 decliners. Stokvis Nord Afrique Morocco tops price gainers rose by 9.98% to close at MAD 30.42 while Delattre Levivier Maroc tops the price losers fell by 5.83% to close at MAD 209.10. Furthermore, FTSE CSE Morocco 15 Index lost 0.22% to close at 8,759.51pts (-0.69% year-to-date performance) and FTSE CSE Morocco All-Liquid Index lost 0.28% to close at 8,354.84pts (3.65% year-to-date performance).

Namibia Overall Index rose by 3.47pts (0.29%) to close at 1,191.14pts but Namibia domestic index fell by 0.30pts (-0.07%) to close at 430.24pts. The market sentiment was postive today (measured as market breadth advancer/decliners ratio) with 12 advancers and 9 decliners. On the one hand, topping the gainers list were Vukile Property Fund, Bannerman Namibia and Barloworld Namibia gained 2.31% to close at NAD 1,949.00, 2.27% to settle at NAD 45.00 and 2.02% to trade at NAD 9,250.00 respectively. On the other hand, topping the price losers were Deep Yellow Limited Namibia (lost 9.09% to close at NAD 10.00), Giyani Namibia (fell by 6.49% to close at NAD 72.00) and Shoprite Holdings (decreased by 1.48% to trade at NAD 16,986.00).

Investors on Nigerian Bourse continue to trade cautiously as the NSE All Share Index (ASI) depreciated further by 0.4% at the close of trading to close at 34,832.62 points, thus bringing the WtD performance to a negative 0.3%. In like manner, market capitalization also declined by NGN 45.4 billion to close at NGN 11.9 trillion. Market activity also closed stronger as investors staked a total of NGN 3.9 billion on 719.7 million units of shares increasing market volume and value by 147.5% and 3.5% respectively. Also, a special trade occurred on the Shares of Standard Alliance Insurance. A proportion of 3.7% shares of the company representing 44.0% of total volume of transactions for today’s trade were traded. At the close of trade, sector performance favoured decliners. The Consumer Goods index weakened 1.8% on the back of selling pressures in Nigerian Breweries (-5.0%). In like manner, the Industrial Goods and Insurance indices lost 0.8% and 0.7% respectively. On the other hand, the Banking index led sector gainers with 1.1% driven by price appreciations in Guaranty Trust Bank Nigeria (+0.9%) and Ecobank Transnational Incorporated Togo (+4.7%). Likewise, the Oil & Gas index advanced by 0.3% as Oando Plc Nigeria (+3.6%) and Mobil Oil Nigeria (+2.1%) traded higher. Market sentiments as measured by advancers/decliners ratio settled at 1.0x (27 gainers vs 27 losers). Caverton Group Nigeria (+10.0%), AIICO Insurance Plc Nigeria (+9.6%) and Union Bank of Nigeria (+6.9%) topped the gainers’ list while Mansard Insurance Nigeria (-5.0%), Nigerian Breweries (-5.0%) and UAC Properties Development Company Limited (-4.9%) led the losers’ chart.

South Africa:
The industrial sector led gains on the JSE today, helping to boost the All Share 1.01% higher by close of trade. The market sentiment was positive today, as the market breadth (advancer/decliners ratio) with 218 advancers and 161 decliners. Interwaste Holdings was amongst the top ten gainers on Thursday, with shares rising 7.41% to ZAR 1.45 after 9 deals exchanged a total of 10,005,751 shares. Finbond Group rose 6.67% to ZAR 3.52 after investors traded 259,683 shares in 48 deals. Also amongst the top losers was Torre Industries, whose shares slid 5% to ZAR 4.18 after 68 deals traded 216,940 shares. Falling 3.93% was Gold Fields as 3,610 deals saw the sale of 2,521,636 shares, pushing the share price down to ZAR 51.29.


The Dar es Salaam Stock Exchange (DSEI) gained by 10.99pts (0.40%) to close at 2,739.56pts and market capitalization recorded at TZS 23,986.66 billion. Likewise, the DSE TSI advanced by 65.94pts (1.23%) to close at 4,811.65pts. Today, DSE recorded a total turnover of TZS 6,313.21 million from 496,162 shares traded in 54 deals compared to the previous session which recorded a turnover of TZS 6,022.73 million from 459,531 shares traded in 56 deals. The market sentiment was negative today, with five advancers and seven decliners. Swissport Tanzania was the highest gainer, edging up by 5.64 percent to close the day at TZS 6,180.00. Dar Es Salaam Community Bank and Tanga Cement Company dropped by 1.25 percent each to close at TZS 790.00 and TZS 3,950.00 respectively to emerge today’s top losers.

The Tunis Stock Exchange benchmark index (TUNINDEX) lost 22.454pts (-0.41%) to close at 5,413.75pts (year-to-date performance of 6.33%) with the market capitalization at TND 18.51 billion. Today’s turnover amounted to TND 8.747 million, while traded volume 893,873 shares in 272 transactions. The market sentiment was positive today (measured as market breadth advancer/decliners ratio) with 25 advancers and 14 decliners. On the one hand, topping the price gainers were Sotuver Tunisia (advanced by 8.04% to close at TND 4.97), (gained 7.14% to trade at TND 21.00) and Tunisie Leasing Tunisia (advanced by 5.38%  to close at TND 21.55). On the other hand, topping the price losers were SFBT Tunisia and Euro-Cycle SA Tunisia fell by 4.31% (to close at TND 29.98) and 2.94% (to trade at TND 19.8) respectively.

The Uganda Securities Exchange All Share Index (USE ALSI) dropped by 0.85% to close at 2,061.00pts with market capitalization recorded at UGX 28,180 million. However, the Ugandan Stock Exchange Local Share Index (USE LSI) remained unchanged to close the day at 324.14pts. A total of 1.18 million shares were traded today indicating an increase of 74.50% from previous trading session, 678,585 shares and total turnover came to a close of UGX 130.89.58 million. The market sentiment was negative today, with two advancers and five decliners. Jubilee Holding Limited Kenya and Kenya Commercial Bank were the top gainers to gain 5.94% to close at UGX 18,331 and 1.90% to trade at UGX 2,090.00. On the other hand, topping the losers’ list were Centum Investment Kenya (-6.40% to close at UGX 1,800), Eagle Bank Limited Kenya (-3.84% to settle at UGX 1,479.00) and East African Breweries Limited (-2.05% to trade at UGX 10,452.00).

The Lusaka Stock Exchange All Share Index went up by 0.06pts to close at 6,106.71pts in comparison to the previous close of 6,102.76. The market capitalization was recorded at ZMK 65.399 billion, including Shoprite Holdings Plc, and ZMK 31.159 billion excluding Shoprite Holdings Plc. A total of 173,082 shares were transacted in14 trades, yielding a total market turnover of ZMK 133,357. Trading was recorded in Airtel Zambia, British American Tobacco Zambia, Copperbelt Energy Corporation, Lafarge Cement Zambia, Standard Chartered Bank Zambia and ZANACO.  A share price gain of ZMK 0.01 was recorded in Copperbelt Energy Corporation to close at ZMK 0.67

The Industrial index closed lower by losing 0.35pts (0.22%) to close at 156.57pts, with total market capitalization of US$4.064 billion. Today’s total turnover was recorded at US$694,822 in 36 transactions. The market sentiment was negative today, with three advancers and five decliners. Seed Company Limited dropped 5 cents to settle at 95 cents and Hippo Valleys Estates Limited Zimbabwe dropped 2 cents to trade at 43 cents. On the upside, Old Mutual Zimbabwe added 2.02 cents to close at 251.02 cents, Delta Corporation was marginally up by 0.55 cents to close at 104.60 cents and Dawn Properties Limited Zimbabwe move up by 0.10 cents to close at 1.50 cents.  Meanwhile, the Mining index remained flat to closet at 34.31.


Complied by Capital Markets in Africa


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