Movers & Shakers: April 25, 2013

Botswana: DCI +0.08%, USD 1.89m

A rather active day in Gaborone with decent activity split among a number of stocks. The most active names were BIHL (1050t) followed by Letshego (258t) and Letloe (165t). Turnstar and FNBB also saw some trading action.

Egypt: Market closed for Sinai Liberation Day.

Kenya: NSE 20 -0.95%, USD 3.4m

Equity turnover fell 54.5%, driven by reduced foreign investor inflows. Overall, foreign investors were net buyers accounting for 52% of trades compared to 60% in the previous session. The NSE 20 slipped 0.95% to 4,764.5 points driven by loses on large cap counters. Equity bank was the day top mover accounting for 27% of volumes. The counter eased 0.8% to KES 32.5 on foreign investor selling. KCB was also on a losing streak today, slipping 0.6% to KES 41.50 despite strong foreign investor demand. KenolKobil continued to see selling pressure mainly by local investor,s sliding further 0.5% to KES 9.05. Uchumi was amongst the top losers list today pulling back 8.5% to KES 19.90. On the gainers end Transcentury, Access Kenya and Nation Media continued to recoup previous losses climbing 2.86%, 1.13% and 1.08% to KES 35, KES 8.95 and KES 280 respectively.

Mauritius: Semdex -0.22%, USD 715k

Activity still remains muted in Port Louis. The Sem-7 lost 35bps as only 3 counters moved, and all 3 of these moved downwards. The stocks that moved were SBM (-97bps, Rs1.02), ENL Land (-1.05%, Rs47) and Bramer Banking (-54bps, Rs7.34).

Nigeria: ASI -0.43%, USD 26.47m

As with the previous few sessions, today was quiet with a couple of crosses bumping up volumes. Outside of the ordinary, a large cross in Beta Glass went through the NSE special window as the size was greater than 5% of the company shareholding. The banking index ended the day unchanged with ETI (-2.91%, N15) and FBNH (-2.5%, N19.50) the biggest fallers and Stanbic (+2.55%, N13.25) and Fidelity (+1.75%, N2.90) the biggest outperformers. Consumers lost ground with Guinness (-2.68%, N253.04) and Dangote Sugar (-6.42%, N7.29) the biggest drags on the sector. Nestle also fell by 1.1% to N900.01 while NB closed unchanged at N160.

South Africa: Top 40 +0.86%, USD 1.62bn

The JSE ended the day higher with the Top 40 Index gaining 0.86% to close at 34,485 while value traded amounted to USD 1.62bn. Resources were the day's biggest gainers with the Index gaining 1.43% followed by Financials and Industrials which gained 0.80% and 0.66% respectively. The Rand was trading at 9.07 and 11.80 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE +2.32%, USD 161k

Much better day in Lusaka thanks to crosses in CEC and SCZ with value traded amounting to USD 161k. The names that traded included CEC, LAFA, SCZ, ZMBF, ZNCO and ZSUG. CEC was the biggest contributor towards turnover with value traded in the name amounting to USD 58k. SCZ was the second biggest contributor towards turnover with value traded in the name amounting to USD 48k.

Zimbabwe: Industrials +0.12%, Mining +1.75%, USD 1.51m

The market extended gains after mixed reports emerged on the indigenization drive. Industrials added a marginal +0.12% to 189.06pts while the mining index closed +1.75% firmer at 71.09pts as the market maintained the rising tide from yesterday with nine of the fourteen stocks to show price movements being gainers. The value of trades surged past the $1m market for the first time this week to $1.51m on the back of resurgent interest in telecoms giant Econet that accounted for an estimated 73% of the value for the day. Foreign demand drove much of the liquidity after inflows for the day improved +182% to $1.3m with Econet emerging the favorite stocks among foreign investors.

African Currencies