Market Insight: March 09, 2012

Africa

•  Impala denies it made “irrevocable offer” to Zim government over Zimplats
•  Econet to buy 49% stake in TN Bank

Nigeria

•  ASI +56bps, $18.11mill. ETI cross early doors the bulk of the days vols

Kenya

• NSE20 +40bps, $2.5mill. EqBnk results came out very good but the name traded soft closing down -77bps at 19.45. Safcom also struggled -2.99% closing at 3.25 while KNCB -2.33% (21.00) also weak
•  COOP KN also weak -3.41% (12.75) after their results show profits lagging estimates
•  Nairobi bourse appoints CDSC as registrar and depositary as it gears to demutualise and eventually list on NSE

Botswana

•  DCI +2bps, $264k

Egypt

•  EGX30 -1.01%, $101mill

Mauritius

•  Semdex -61bps, $1.5mill

South Africa

•  Top40 +50bps, $1.82bn

Zambia

•  Closed yesterday due to public holiday

Zimbabwe

•  Ind -14bps, mining unch, $1.36mill
 

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