Movers & Shakers: April 12, 2013

Botswana: DCI +0.19%, USD 3.4m

Some chunky crosses across a number of names livened up the normally dull BSE while the DCI inched higher. Choppies accounted for over half the daily turnover with the name closing at 300t while BIHL and Letshego also saw good volumes, closing at 1050t and 258t respectively. Stanchart saw mild action while a number of other counters saw their usual muted activity.

Egypt: Closed for the day.

Kenya: NSE 20 -0.15%, USD 5.5m

The equities market retreated during the session as profit taking and fatigue on the week long rally wore down investors. Turnover notched 9.4% higher to USD 5.5m. Foreign investor participation remained low at 27.8% compared to 28.3% in the previous session. TransCentury was the leading loser of the day, down 5.4% after releasing FY12 results at the close of the previous day. Investors appear to have been somewhat disappointed by the performance of the infrastructure firm. The decline was however on thin volumes. Speculative interest also developed on Standard Group with the media company adding 8.5%, also on thin volumes. The firm is due to announce FY12 numbers soon.

Mauritius: Semdex -0.07%, USD 1.14m

Only 1 gainer in the Sem-7 offet losses in 4 other names. The outperformer was NMH which closed up 70bps at Rs72 while MCB, Alteo, ENL Land and Terra all fell marginally. MCB fell 26bps to Rs189 while SBM ended unchanged at Rs1.04.

Nigeria: ASI +0.14%, USD 28.22m

The day was relatively quiet yet a couple of chunky crosses spiked turnover. The banking sector was mixed with Diamond the top performer (+3.26%, N6.34) reversing its earlier week underperformance while GTB was next best (+2.94%, N24.49) as it recovered after trading at the lower level yesterday due to the ex-dividend. ETI eventually settled unchanged at N14.90 with a couple of large crosses going through while Zenith ended down 64bps at N21.66. The consumers that were very active were Guinness (-38bps, N261) and NB (-1.25%, N162) while Unilever closed up 1.44% at N52.79.

South Africa: Top 40 -1.37%, USD 1.52bn

The JSE ended the day lower with the Top 40 Index falling 1.37% to close at 33,990 while value traded amounted to USD 1.52bn. Resources were the day's biggest losers with the Index falling 2.40% followed by Industrials and Financials which fell 0.82% and 0.59% respectively. The Rand was trading at 8.94 and 11.73 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -3.46%, USD 99k

Decent day in Lusaka (relatively speaking) with value traded amounting to USD 99k thanks to a cross in REIZ. The names that traded included AELZ, CEC, FQMZ, LAFA, REIZ, SCZ, ZSUG and ZNCO. REIZ was the biggest contributor towards turnover with value traded in the name amounting to USD 67k. ZNCO was the second biggest contributor towards turnover with value traded in the name amounting to USD 13k.

Zimbabwe: Industrials +0.15%, Mining +0.55%, USD 1.69m

Heavy cap gains propelled the market up with the mainstream industrial index gaining 15bpts to close today’s call at 188.32pts. This was on the back of an immediate rally in Delta and OK coupled with gains in Natfoods which closed today’s call at 125c, 18.02c and 220c respectively. Natfoods’ 5c gain to 220c landed them on an all time high price. Total value traded improved 85.4% to $1.69m as volume traded urged higher amassing 26% to close today’s call at 13.8m shares. Foreign participation significantly accounted for leap in daily turnover after gaining 297% to $1.27m.

African Currencies