African Market Watch: Tuesday, 7th 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. BRVM 10 index fell from 269.02pts to 269.20pts, a lost of 0.07%. BRVM Composite index gained 0.23% to 262.04pts against 262.64pts previously. The equity market capitalization was recorded at XOF 6,466.06 billion. Likewise, the traded value was recorded at XOF 915.240 million and total volumes recorded at 223,641 shares in 231 transactions. The top security by volume and valued traded were Ecobank Transnational Incorporated Togo with 194,141 traded shares and Sonatel Senegal with XOF 244.768 million total traded values respectively. The market sentiment was positive today, as the market breadth (advancers/decliners ratio) with eight advancers and seven decliners. On the one hand, top price gainer was SICOR Cote d’Ivoire rose by 7.50% to close at XOF 7,170.00 and top price loser was CFAO Cote d’Ivoire fell by 7.50% to close at XOF 69,375.00.

The Botswana Stock Exchange’s (BSE) domestic index went up by 0.48pts to close at 9,737.20pts (with year-to-year performance 2.48%) 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 378,204 million, the total volume and turnover were recorded at 10,420,758 shares and BWP 38.787 million respectively. The market sentiment was positive today, as the market breadth (advancer/decliners ratio) with four advancers and zero decliner. Sefalana Holding Company Limited led the upside as it leaped up by BWP 0.05, and Letshego Holdings Limited advanced by BWP 0.02 trading at BWP 2.45. On the property space, Turnstar Holding Limited notched up by BWP 0.01 to close the session trading at a new 12 month high of BWP 2.20. Meanwhile, Cresta Marakanelo Limited edged up by BWP 0.01 trading at BWP 0.95. On the ETFs, Bettabeta surged by 130thebe trading at BWP 43.80 while Newgold pocketed BWP 0.80 trading at BWP 113.00 per unit.

The Egyptian Stock Exchange (EGX) end on positive territory with market capitalization was recorded at EGP 502,814 billion. The benchmark index EGX30 added 208 points or 2.45% to close at 8,716.37 points; it’s highest in 11 weeks or since 14 January. The small and mid-cap index EGX70 added 2.62% to 495.73 points and the broader EGX100 gained 2.12% to 1,006.51 points. The market sentiment was negative today, as the market breadth (advancer/decliners ratio) berthed at 7.1x with 127 advancers and 18 decliners. Gulf Canadian Real Estate Investment topped the gainers, surging 9.54% to close at EGP 24.79. Trans Oceans Tours led the losers, falling 10% to close at EGP 0.09. Todya’s turnover amounted to EGP 1.5 billion, while traded volume reached around 117.5 million shares sealed through 17,700 transactions. Local traders were net buyers by EGP 6 million, while foreign and Arab traders ended as net buyers by EGP 3.1 million and EGP 2.9 million, respectively. Meanwhile, retail traders were net sellers, with the exception of Arabs, while institutions were net buyers.

Ghana Stock exchange ended negative today, with the benchmark Composite index went down by 6.11pts (-0.27%) to 2,224.43pts; this brings its year-to-date performance to -1.62%. Likewise, the financial index fell by 9.1pts (-0.41%) to close at 2,222.64pts (-0.94% year-to-date performance). The market capitalization was recorded at GHS 63,993 billion. A market activity measured by volume was recorded at 1,426,950 shares changing hands in eleven stocks. The market sentiment was neutral today, as the market breadth (advancer/decliners ratio) with two advancers and two decliners. SIC Insurance and Ghana Oil rose by 5.0% to close at GHS 0.21 and 0.92% to close at GHS 1.10. 

The NSE 20 Index lost 17.10pts (0.33%) to close at 5,179.76pts today. However, Nairobi All Share Index went up by 2.24pts (1.29%) to close at 171.15pts with total market capitalization at KES 2,389.54 billion. The market sentiment was negative today, as the market breadth (advancer/decliners ratio) with thirteen advancers and twenty four decliners. The number of shares traded today was 36.341 million with a turnover of KES 775.510 million in 1,625.00 transactions. Total Kenya Limited was the top gainer of the day went up 7.22% to close at KES 26.00. However, Standard Group Limited was the top loser of the day, losing 6.99% to close the day at KES 33.25.

Both Malawi All Share Index and Domestic Index rose by 74.26pts (0.48%) and 59.07pts (0.48%) close at 15,458.15pts and 12,196.76pts respectively. However, the foreign Index remained unchanged to close at 1762.13pts.Total market capitalization was recorded at MWK 7,534.07 billion; a total volume was recorded at 1,225,436 shares in two transactions and turnover of MWK 30.345 billion. Press Corporation Limited Malawi gained 0.06% to close at MWK 480.00 while other shares price remained unchanged.

Both indices end in negative territory today, the Semdex went down by 0.69% to close 1,964.14pts and the Sem-10 gave up 1.03% to 372.51pts. The market capitalization was recorded at MUR 218.368 billion and overall official market was high amounting to MUR 327.4 million, geared towards SBM Holdings Limited, New Mauritius Hotels Limited and MCB Group which contributed 95.3% to total market turnover. The market sentiment was neutral today, as the market breadth (advancer/decliners ratio) with 3 advancers and 3 decliners. Topping the price gainers were Phoenix Beverages Limited, Salam Africa and Innodis Limited rose by 1.75%, 1.06% and 0.92% to close at MUR 290.00, MUR 5.70 and MUR 55.00 respectively. On the other hand, the losers were SBM Holdings Limited, Lottotech and NewGold EFT lost 5.00%, 4.22% and 1.27% respectively.

Morocco’s benchmark stock index (MASI Index) lost 0.67% to close at 9,983.80pts (3.78% year-to-date performance) with total market capitalization at MAD 504.488 billion and market activity measured as total traded value was closed at MAD 84.141 million shares. Likewise, Moroccan most active share index (MADEX) closed at 8,182.62pts (fell by 0.71% compared to previous trading day). In term of sector performance, top gainers were Forest & Paper, Holding Companies and Construction & Building Materials sectors 3.00%, 2.12% and 0.85% respectively. On the loser side Chemicals, Bank and Food Producers & Processors sectors fell by 2.98%, 1.70% and 1.12% respectively. The market sentiment was negative today, as the market breadth (advancer/decliners ratio) with 10 advancers and 12 decliners. Societe Maghrebine de Monetique Morocco tops price gainers at 5.42% to close at MAD 175.00 while Atlanta Assurance Morocco tops the price losers by 5.55% to close at MAD 66.02. Furthermore, FTSE CSE Morocco 15 Index lost 0.76% to close at 8,781.56pts (-0.44% year-to-date performance) and FTSE CSE Morocco All-Liquid Index dropped 1.14% to close at 8,396.62pts (4.16% year-to-date performance).

The market took a breather today as investors booked profit after ten straight days of gain. The benchmark All Share Index (ASI) pared 2.2% to close at 34,941.79 points, while Market Capitalization also declined N267.1bn to settle at NGN 11.9 trillion. Similarly, market activity measured by volume and value traded declined by 50.5% and 55.7% to close at 581.7m units and N8.3bn respectively. All sector indices closed negative, the Banking index shed 4.9% to record the weakest performance, the Oil & Gas index trailed, closed 4.2% and Industrial Goods index fell by 0.3%. Similarly, the Insurance and Consumer Goods indices also dipped 1.4% and 1.1% respectively. Market sentiments as measured by breadth swung negative today, (20 advancers against 42 decliners). Top gaining stocks were GlaxoSmithKline Nigeria, Berger Paint and Champion Breweries gained 10.2%, 10.2% and 9.9% while the highest losing stocks were Seplat Petroleum Development Company (-9.7%), Guaranty Trust Bank (-9.7%) and Flour Mill Nigeria (-7.6%).

The Rwandan Stock Exchange All Share Index (RSE ALSI) and RSE RSI went down by 0.03% and 0.26% to close at 137.25pts and 233.95pts respectively. The market capitalization was recorded at RWF 2,927 billion, and the market activity measured as volume and turnover were recorded at 4,600 shares and RWF 1,339,000 in two transactions. The prices for all share remained unchanged.

South Africa:
At the end of today’s trading, the Johannesburg All Share had advanced 0.70% buoyed by strong demand for gold shares and resource stocks. The market sentiment was positive today, as the market breadth (advancer/decliners ratio) with 209 advancers and 172 decliners. Among the top gainers today was Central Rand Gold Ltd which advanced 16.28% to ZAR 2.50 per share after 8 deals traded 135,500 shares. Trustco Group Holdings Limited gained 10.00% to ZAR 3.30 per share after 146,332 shares were bought through 56 deals. In the biggest losers today was Tongaat Hulett Ltd down by 4.03% at ZAR 131.10 per share after 1228 deals sold 501,549 shares. York Timber Holdings Limited lost 4.44% to ZAR 2.15 per share after 253,299 shares were traded in 13 deals.

The Lusaka Stock Exchange All Share Index went up by 0.26% to close at 6,119.53pts in comparison to the previous close. The market capitalization was recorded at ZMK 65.451 billion, including Shoprite Holdings Plc, and ZMK 31.212 billion excluding Shoprite Holdings Plc. A total of 1,949 shares changed hands in 5 trades yielding a market turnover of ZMK 2,969. There was a ZMK 0.04 gain in Copperbelt Energy Corporation, its share price closing at ZMK 0.67. BATA Zambia and LAFARGE Zambia are the other securities that traded.
The Industrial index rebounded by 0.90pts (0.58%) to close at 156.79pts, with total market capitalization of US$4.064 billion. Today’s total volume and total turnover were recorded at 412,076 shares (in 31 trades) and US$2.420 million respectively. The market sentiment was positive today, with six advancers and two decliners. African Distillers Zimbabwe gained 2 cents to close at 47 cents, Dairibord Holdings Limited traded a cent higher at 9 cents and Innscor Africa Limited Zimbabwe moved up 0.60 cents to trade at 55.60 cents. Barclays Bank of Zimbabwe added 0.20 cents to close at 4 cents while African Sun Limited Zimbabwe was up 0.09 cents to 2.60 cents. However, Delta Corporation Limited Zimbabwe and Seed Co Limited both retreated by a cent to close at 102.50 cents and 102 cents respectively. The Mining index was flat at 32.67 points.

Complied by Capital Markets in Africa

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