Movers & Shakers: April 02, 2012

Botswana: DCI +0.03%, Vols USD 15k

Gaborone commenced the second quarter characterised by thin vols with only USD 15k worth trading today. The DCI inched up 0.03% to 7039.50pts. Sechaba was the only mover today, closing 2t higher at 1213t on 2,555 shares. Letshego traded level with only 20,919 shares trading in the name. Primetime was unchanged at 185t.

Egypt: EGX 30 +0.17%, Vols USD 58m

The market ended the day slightly higher, leaving the EGX30 to end the day up 0.17%, to close at 4955.64 points. Volumes were weak but within recent market volume, market traded a total turnover of USD 58m. The market started the day with a negative sentiment to reach a low of 4916.00 points, yet after a couple of minutes of trading the market changed to trade positively. Past mid-day,the EGX30 is came off its best levels as profit booking is quite evident, Stocks are trading in the red with a few exceptions, the likes of COMI, OCIC and EMOB. COMI lead the market in terms of value and trading at EGP25.80, 1.82% higher from the open. On the other hand, ETEL and HRHO witnessed notable selling, both names ended the day down 2.92% and 2.55% respectively.

Investor mix:
•  Foreigners were net Buyers by 19.47 mn EGP and were 36.97% of the market..
•  Egyptians were net Sellers by 9.15 mn EGP and were 59.66% of the market.
•  Arabs were net Sellers by 10.32 mn EGP and were 3.37% of the market.
•  Institutions were net Buyers by 1.90 mn EGP and were 48.35% of the market.
•  Retail were net Sellers by 1.90 mn EGP and were 51.64% of the market.

Ghana: Vols USD 358k

Value traded on the Ghanaian Stock Exchange amounted to $358k. GOIL was the biggest contributor towards value traded (66.15%) with the counter closing at 0.37 Cedi. UTB was the second biggest contributor towards value traded (31.91%) with the name closing at 0.31after posting annual net income of 13.7m Cedis.

Kenya: NSE 20 -0.09%, Vols USD 4.88m

Decent start to the second quarter of the year in Kenya with total value traded amounting to $4.88m. This should however be taken with a pinch of salt as there was a large cross in KNCB, 12m shares changed hands at 23, with the buyer being foreign while the seller was local, a total of 13.73m shares traded in the name. Safcom was relatively active today with 12.74m shares trading in the name as a result of a few smaller crosses. Foreigners were net buyers in the market accounting for $4.44m of total purchases while they accounted for $864k of total sales. The market closed slightly lower with the NSE 20 Index falling 0.09% to close at 3,363.72.

Mauritius: Semdex -0.50%, Vols USD 796k

The market ended the day in negative territory with the Semdex down 0.50% and the Sem-7 down 0.75%. At market opening MCB witnessed a cross of 17,600 shares at Rs165. The stock however ended the day 0.61% in the red with a total of 44,053 shares trading at Rs164. SBM lost 1.21% at Rs81.50 on 81,500 shares. Lux Island lost 3.08% on 29k shares. NMH traded 1.38% lower at Rs71.50. Rogers increased by 0.31% on 5,500 shares.

Nigeria: ASI -0.01%, Vols USD 9.30m

Extremely quiet day in Lagos today with value traded amounting to a paltry $9.30m. Guaranty Trust Bank and Zenith Bank were yet again amongst the biggest contributors towards value traded with 19m and 14m shares trading in the names respectively with no major crosses to talk about. UACN released full-year results with profit increasing 87% to N10.2bn. The market seemed to have expected these numbers with the name closing unchanged at 29. Aliko Dangote announced that he plans to list 20% of his Dangote Cement Plc on the London Stock Exchange next year. The market seemed to like this news with the name gaining 1.49% to close at 115.50. The market closed the day very flat with the ASI falling 0.01% to close at 20,650.95 while the Bank10 Index fell 1.77%.

South Africa: Top 40 +1.39%, Vols USD 1.68bn

The JSE ended the day higher with the Top 40 Index gaining 1.39% to close at 30,013 while value traded amounted to USD 1.68bn. Resources were the day's biggest gainers with the Index gaining 1.47% followed by Industrials and Financial's which gained 1.41% and 1.01%. The Rand was trading at 7.62 and 10.17 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -0.26%, Vols USD 123k

Better day in terms of value traded in Zambia today with total value traded amounting to USD 123k. The names that traded included BATA, CECZ, LAFA, PUMA, REIZ, SCBL, ZNCO and ZSUG. REIZ was the biggest contributor towards turnover with value traded in the name amounting to USD 95k. ZNCO was the second biggest contributor towards turnover with value traded in the name amounting to USD 8k.

Zimbabwe: Industrials +0.07%, Mining Unch, Vols USD 5.3m

The ZSE opened the second quarter on a positive note albeit a marginal gain in a relative quiet session. A special bargain of 5m shares in sugar cane producer, Hippo was the major highlight of the day boosting turnover to $5.3m. By close of trade the industrial index gained 0.07% to 136.83pts spurred by gains in CBZ, Natfoods, AICO, Seedco and DZL. Banking giant CBZ which is the cheapest financial stocks on a P/E basis (1.03X) recovered 10% to 5.5c, Seedco rose 3% to 1.03c, AICO added +3.13% to 16.50c while Natfoods climbed +4.35% or 5c to 120c. Financial stocks were the worst performing stocks of the day accounting for five of the eleven losers. Interfin which is the only listed financial stocks yet to release December finals led the losers easing 14.29% to 3c as TN dropped 11.11% to 4c on selling pressure. NMBZ eased 10% to 0.9c, FBC gave up 1.56% to 6.3c while ABCH lost a marginal 0.01% to 70c. The mining index was steady at 85.01pts with Falgold being the only stocks to record a trade. Rio and Hwange were did at 50c and 26c respectively while Bindura was bid and offer at 1.7c and 2c respectively.