African Market Watch: Thurs, 9th April 2015

BRVM [The Regional Stock Exchange, Cote d’Ivoire]:
BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session today, lower than the previous day for both BRVM 10 index and BRVM Composite. BRVM 10 index fell from 269.11pts to 268.21pts, a drop of 0.33%. BRVM Composite index decreased by 0.62% to 258.38pts against 259.98pts previously. The equity market capitalization was recorded at XOF 6,375.58 billion. Likewise, the traded value was recorded at XOF 248.091 million and total volumes recorded at 102,202 shares in 193 transactions. The top security by volume and valued traded were Ecobank Transnational Incorporated Togo with 93,717 traded shares and SONATEL Senegal with XOF 129.155 million respectively. The market sentiment was negative today (measured as advancer/decliners ratio) with seven advancers and sixteen decliners. On the one hand, top price gainer was SERVAIR Abidjan Cote d’Ivoire rose by 7.50% to close at XOF 54,825 and top price loser was UNIWAX Cote d’Ivoire fell by 7.50% to close at XOF 64,145.

The Botswana Stock Exchange’s (BSE) domestic index went up by 6.50pts (0.07%) to close at 9,745.06pts (with year-to-year performance 2.56%) and foreign index remained the same as last previous trading day to close at 1571.11pts (year-to-date of performance -0.42%). The market capitalisation was recorded at BWP 378.289 million, the total volume and turnover were recorded at 192,909 shares and BWP 398,064 respectively. The market sentiment was positive today, (measure as the market breadth-: advancer/decliners ratio) with two advancer and zero decliner. Letshego edged up by BWP 0.01 trading at BWP 2.46 as investors responded to their year-end results where PAT soared by 22%. The micro lender posted a 15% increase in net interest income despite the lower interest rate environment. Likewise, Turnstar Botswana continued to make new 12 month highs despite the cautionary announcement released by the group, as it closed at BWP 2.21 after gaining BWP 0.01.

The Egyptian Stock Exchange (EGX) end on positive territory with market capitalization added EGP 2.1 billion to close at EGP 510.885 billion. The benchmark index EGX30 inched up 1.18% to close at 8,892.53pts. The small and mid-cap index EGX70 went up by 0.25% to 496.40pts and the broader EGX100 edged up by 0.39% to 1,011.97pts. The market sentiment was positive today (measured as advancer/decliners ratio) with 71 advancers and 66 decliners. Egypt Gas topped the gainers, surging 6.99% to close at EGP 43.15 while El Nasr for Manufacturing Agricultural Crops led the losers, falling 4% to close at EGP 12.23. Today’s turnover amounted to EGP 565.8 million, while traded volume reached around 96.3 million shares sealed through 14,800 transactions. Foreign traders were buyers by EGP 13.8 million, while local and Arab traders were sellers by EGP 6.9 million and EGP 6.8 million, respectively. Meanwhile, retail traders were net sellers, while institutions were net buyers.

Ghana Stock exchange ended southward today, with the benchmark Composite index went down by 19.39pts (-0.87%) to 2,218.07pts; this brings its year-to-date performance to -1.90%. Likewise, the financial index fell by 7.96pts (-0.36%) to close at 2,232.73pts (-0.49% year-to-date performance). The market capitalization was recorded at GHS 64,133 billion. A market activity measured by volume was recorded at 48,293 shares changing hands in thirteen shares. The market sentiment was negative today (measured as advancer/decliners ratio) with three advancers and five decliners. SIC Insurance Ghana, Ecobank Ghana and Enterprise Group Ghana gained 4.76%, 0.65%, 0.62% and 0.52% to close GHS 0.22, GHS 7.75, and GHS 1.63 respectively. However, the losers were Unilever Ghana, Societe Generale Bank Ghana, UT Bank Ghana, Ghana Commercial Bank and CAL Bank Ghana fell by 14.00% (to close at GHS 7.31), 7.00% (to close at GHS 0.93), 5.00% (to trade at GHS 0.19), 1.13% (to settle at GHS 5.25) and 0.95%  (to closet at GHS 1.04) respectively.

The NSE 20 Index dropped by 14.32pts (-0.28%) to close at 5,128.03pts today. Likewise, Nairobi All Share Index lost 0.34pts (-0.20%) to close at 170.46pts with total market capitalization at KES 2,379.82 billion. The market sentiment was negative today (measured as the market breadth:- advancer/decliners ratio) with sixteen advancers and twenty four decliners. Sasini Tea & Coffee was the top gainer of the day, gaining 9.27 percent to close at KES 16.50. British American Tobacco Kenya was the top loser of the day, declining by 9.89 percent to close the day at KES 720.00. The volume of shares traded went down by 14.30 percent to close at 32.05mn whereas total turnover closed at KES 679.47 million. The highest market mover was Safaricom with a turnover of KES 272.24 million representing 40.07 percent of total market turnover.  More so, foreign buys stood at 63.76 percent of total turnover, while foreign sales stood at 54.74 percent of total turnover.

Both Malawi All Share Index and Domestic Index rose by 7.05pts (0.05%) and 5.61pts (0.05%) to close at 15,492.20pts and 12,202.25pts respectively. However, the foreign Index remained unchanged to close at 1762.13pts.Total market capitalization was recorded at MWK 7,534.37 billion; a total volume was recorded at 296,873 shares in nine transactions and turnover of MWK 8.200 million. The market sentiment was positive (measured as the market breadth: – advancer/decliners ratio) with one advancer and zero decliner. Telekom Networks Malawi rose by MWK 0.03 to close at MWK 6.23.

The Semdex went down by 0.03pts to close 1,962.37pts but the Sem-10 rose 0.53pts (0.14%) to 372.51pts. The market capitalization was recorded at MUR 218.171 billion and overall turnover on the official market was relatively high amounting to MUR 150.0 million, skewed towards SBMH which accounted for 64.5% of total market turnover. The market sentiment was negative today (measured as the market breadth advancer/decliners ratio) with two advancers and eight decliners. The two price gainers were SMB Holdings Limited Mauritius and CIM Financial Mauritius 1.05% and 0.23% to close at MUR 0.96 and MUR 8.68 respectively. On the other hand, topping the losers were Innodis Limited Mauritius, Lottotech Mauritius, and Bluelife Limited Mauritius fell by 1.82% (to close at MUR 54.00), 1.75% (to close at MUR 5.60), 1.43% (to close at MUR 5.50) respectively.

Morocco’s benchmark stock index (MASI Index) rose 0.39% to close at 9,981.66pts (3.76% year-to-date performance) with total market capitalization at MAD 504.146 billion and market activities as measured value was closed at MAD 53.297 million. Likewise, Moroccan most active share index (MADEX) closed at 8,180.02pts (rose by 0.41% compared to previous trading day). In term of sector performance, top gainers were Transport, Construction & Building Materials and Materials, Software & Computer Services sectors gained 2.56%, 2.36% and 0.98% respectively.  On the loser side Engineering & Equipment Industrial Goods Forestry & Paper and Chemicals sectors fell by 2.53%, 1.39% and 1.04% respectively. The market sentiment was negative today, as the market breadth (advancer/decliners ratio) with 13 advancers and 19 decliners. Rebab Company S.A. Limited Morocco tops price gainers at 5.99% to close at MAD 112.35 while STROC Industries Morocco tops the price losers by 5.97% (shed off MAD 6.60) to close at MAD 104.00. Furthermore, FTSE CSE Morocco 15 Index rose 0.45% to close at 8,801.37pts (-0.22% year-to-date performance) and FTSE CSE Morocco All-Liquid Index added 0.47% to close at 8,407.32pts (4.30% year-to-date performance).

Namibia Overall Index fell by 0.27pts (-0.02%) to close at 1,166.51pts but Namibia domestic index lost 0.16pts (0.04%) to close at 429.51pts. The market sentiment was positive today, as the market breadth (advancer/decliners ratio) recorded at 1.5x with 12 advancers and 8 decliners. On the one hand, topping the gainers list were PSG Konsult Namibia, MMI Holdings Limited and Bank Wind Namibia gained 2.05% to close at NAD 745.00, 1.52% to settle at NAD 3,330.00 and 1.33% to trade at NAD 1,520.00 respectively. On the other hand, topping the price losers were Bidvest Namibia (lost 3.10% to close at NAD 1,249.00), African Oxygen (fell by 2.18% to close at NAD 1,349.00) and Anglo American Namibia (decreased by 1.18% to trade at NAD 17,980.00).

The Nigerian Equities market rebounded from 2-day losing streak as the All Share Index closed up 1.0% to settle at 34,520.14. Market capitalization also increased by NGN 155.3 billion to close at NGN 11.8 trillion. However, market activity declined as volume and value shed 14.6% and 10.5% to close at 601.2 million units and NGN 4.2 trillion respectively. All sectors closed in the green zone save for the Oil & Gas index which declined due to price depreciation in MOBIL (-4.6%) and SEPLAT (-2.8%). The Consumer Goods index led the gainers’ chart by 2.1% attributable to gains sustained in NESTLE (+5.0%) and NIGERIAN BREWERIES (+2.6%). This was trailed by the Banking (+1.0%), Insurance (+0.7%) and Industrial Goods (+0.4%) indices. Market breadth closed positive (measured as advancers/decliners ratio: 26 Gainers vs. 21 Losers).  At the close of trading, First City Merchant Bank Nigeria (+9.8%), Costain West Africa Nigeria (+9.8%) and Nestle Nigeria (+5.0%) led the gainers’ list whereas Ashaka Cement Plc Nigeria (-9.7%), Transnational Corporation of Nigeria Plc (-7.2%) and Evans Medical PLC Nigeria (-5.0%) topped the market laggards.

The Rwandan Stock Exchange All Share Index (RSE ALSI) and RSE RSI dropped 0.08% and 0.34% to close the day at 137.14pts and 233.16pts respectively. Bank of Kigali was the top loser of the day, dropping by 0.34% to close the day at RWF295.

South Africa:
The Jonesburg Stock Exchange All Share was ahead 0.34% supported by sales of industrial shares. Gold shares dropped 1.19% and resources were down 1.59%. The market sentiment was positive today, as the market breadth (advancer/decliners ratio) with 188 advancers and 172 decliners. Among the top performers today was Consolidated Infrastructure Group which surged ahead 10.04% to ZAR 27.07 per share through the sale of 2,309,787 shares in 1317 deals and Stefanutti Stocks Holdings Limited advanced 12.26% to trade at ZAR 5.95 per share as investors bought 184,370 shares in 45 deals. In the red were Harmony Gold Mining Company Limited which lost 5.82% to trade at ZAR 21.20 per share as investors sold 1,485,873 shares in 1286 deals and Assore Limited South Africa retreated 6.71 % to ZAR117.55 per share as 1533 deals sold 183,904 shares.

The Dar es Salaam Stock Exchange (DSEI) gained 0.63pts (0.02%) to close at 2,668.67pts and market capitalization recorded at TZS 23,369.59 billion. Likewise, the DSE TSI rose by 18.16pts (0.38%) to close at 4,818.60pts. Today, DSE recorded a total turnover of TZS 439.37 million from 76,956 shares traded in 61 deals compared to the previous session which recorded a turnover of TZS 88.74 million from 42,518 shares traded in 57 deals. The market sentiment was negative today, with four advancers and six decliners. The top gainer of the day was Swissport Tanzania, edging up by 1.47 percent to close at TZS 6,200; while Tanga Cement Company was the top loser declining by 2.33 percent to close the day at TZS 4,200.

The Lusaka Stock Exchange All Share Index went down by 0.07% to close at 6,115.47pts in comparison to the previous close. The market capitalization was recorded at ZMK 65.435 billion, including Shoprite Holdings Plc, and ZMK 31.195 billion excluding Shoprite Holdings Plc. A total of 36,866 shares were transacted in 35 trades, yielding a total turnover of ZMK 55,997. Trading was recorded in BATA Zambia, British-American Tobacco Zambia, Copperbelt Energy Corporation, Lafarge Cement Zambia, Madison Financial Services Plc Zambia, Puma Zambia, Real Estate Investments Zambia, Standard Chartered Zambia, Zambia Beef, Zanaco and Zambia Sugar Plc. A price loss of K0.01 was recorded in Standard Chartered Zambia.

The Industrial index shed off 0.45pts (0.29%) to close at 155.31pts, with total market capitalization of US$4.030 billion. Today’s total turnover was recorded at US$1.180 million in 34 transactions. The market sentiment was positive today, with three advancers and two decliners. TSL was a cent lower at 22 cents and Dairibord Holdings Limited Zimbabwe lost 0.70 cents to trade at 8.30 cents. On the upside; OK ZIMBABWE added 0.50 cents to trade at 10.60 cents, African Sun Zimbabwe moved up 0.22 cents to 2.82 cents and Delta Corporation Limited Zimbabwe was marginally up by 0.04 cents to trade at 102.04 cents. The Mining index added 2.25 points (6.89%) to close at 34.92 points after Bindura Nickel Corporation Zimbabwe had a firm bid at 3 cents.

Complied by Capital Markets in Africa

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