Movers & Shakers: April 10, 2013

Botswana: DCI +0.25%, USD 500k

The Gaborone bourse continues to tick along higher while we saw trading split across a number of counters. FNBB, Barclays, BIHL and Sefalana were the most active names, a break from the norm.

Egypt: EGX -0.08%, USD 52m

The market traded with a mixed sentiment today to end the day in negative territory, leaving the EGX30 to end the day down 0.08% to close 5,152.93 points. Market volumes notably improved today relevant to recent market turnovers, the market traded a total turnover of USD 52m. The market started the day was a notable negative sentiment to reach a low of 5128.10 points( almost down 1%)this was mainly lead by notable selling from international institutions, yet by med-session a wave buying invaded the market lead by notable buying form local investors(Retail and institutional) this was attributed to news quoting the PM stating that Egypt will receive USD3Bil in deposit from Qatar also the Qatari PM stated that his government will provide gas to Egypt during summer, this comes as short-term boost given Egypt’s current economic situation. The real-estate sector continues to attract investors interest, with names such as PHDC, OCDI and TMGH witnessed decent volumes to end the day up 2.55%, 2.20% and 2.10% respectively. Names such as ORTE and OCIC continues to witness notable selling, leaving each to end the day down 1.09% and 1.40% respectively.

Investor mix:
•  Foreigners were net Sellers by 52.89 mn EGP and were 25.74% of the market.
•  Egyptians were net Buyers by 38.60 mn EGP and were 64.70% of the market.
•  Arabs were net Buyers by 14.28 mn EGP and were 9.56% of the market.
•  Institutions were net Sellers by 28.34 mn EGP and were 37.44% of the market.
•  Retail were net Buyers by 28.34 mn EGP and were 62.55% of the market.

Kenya: NSE 20 +0.18%, USD 5.0m

Following the inauguration of Kenya’s fourth president, the equities market continued the week on a positive note with the NSE 20 index gaining 0.18% to 4990.04 points. Equity turnover jumped 98.5%, with foreign investors dominating trading accounting for 55% of trades compared to 44% in the previous session. Buoyed by strong foreign investor demand, Safaricom was the day’s top mover accounting for 46% of volumes. The counter climbed 1.6% to KES 6.45. EABL and Equity Bank also saw high foreign investor demand all edging up 3.4% and 0.7% to KES 302 and KES 35.75 respectively. Of the top movers Kenol Kobil was the only loser, easing 7.2% to a new 12 month low of KES 9.70, after posting weak FY12 performance figures. TPS Serena also witnessed selling pressure easing to 2.8% KES 52, after posting a 20% decline in FY12 earnings. Access Kenya extended its losses easing 4.3% to KES 8.95. On the gainers end, Liberty Insurance maintained its momentum climbing 8.5% to KES 12.80.

Mauritius: Semdex +0.07%, USD 827k

A small tick up in Port Louis although volumes remain muted. In the Sem-7, MCB and NMH fell by 39bps and 35bps respectively to Rs189.50 and Rs71.50 while SBM gained a handy 97bps to close at Rs1.04. Alteo and Bramer Banking also recorded modest gains. Please note that tomorrow is a holiday in Mauritius and as such the market will be closed.

Nigeria: ASI -1.24%, USD 36.58m

Another active day in Lagos characterized by more selling pressure on the banks. The BNK10 closed down 2.70% with Diamond and UBA once again leading the fall (-10% and -7.07% respectively). Interestingly, right before the close some aggressive buying occurred in a couple of names which helped the sector recover slightly. Fidelity finished an impressive +7.07% at N2.90 thanks to this aggressive buying while ETI, GTB and Access also got a leg up. Sentiment on the consumers changed today and we saw selling pretty much across the board, NB -1.76%, Guinness -38bps, Dangsuga -4.37% while PZ closed marginally higher.

South Africa: Top 40 +1.47%, USD 1.93bn

The JSE ended the day higher with the Top 40 Index gaining 1.47% to close at 34,429 while value traded amounted to USD 1.93bn. Industrials were the day's biggest gainers with the Index gaining 1.78% followed by Financials and Resources which gained 1.17% and 1.11% respectively. The Rand was trading at 8.89 and 11.63 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -18.23%, USD 1.15m

There was finally some activity in Zambia today thanks to a cross in ZMBF and ZAMEFA with total value traded amounting to USD 1.15m. A total of 1.34m Zambeef crossed with value traded in the name amounting USD 1.06m while 589k shares crossed in Zamefa with value traded in the name amounting to USD 52k.

Zimbabwe: Industrials -0.34%, Mining -0.09%, USD 610k

Market indicators headed southwards in mid week trades as the ZSE swung into losses. Volumes traded were down 55% at 8.7m and these yielded a total turnover of $0.61m which was down 82% from the previous trading day's value. Industrials softened -0.34% leaving the index at 188.38pts as losses in eight stocks proved weighty against the eleven risers for the day. Heavy cap stocks Innscor and Hippo dragged the market lower. Innscor shed -1.11% and closed at 89c on subdued demand while agro industrial concern Hippo reversed yesterday’s gains closed the day -4.17% softer at 115c. The mining index dropped a further -0.09% to 65.93pts on the back of a loss in Bindura that came off -3.57% to 2.7c.

African Currencies