Movers & Shakers: April 03, 2012

Botswana: DCI +0.26%, Vols USD 78k

The BSE witnessed increased vols today with 78k worth crossing the floor compared to USD 15k yesterday. Barclays accounted for 77% of the days turnover with 61,429 shares trading 6t higher at 710t. Chobe traded 10t higher at 230t. RPC Data rose by 3t to 30t while Sechaba and Turnstar traded 2t and 1t higher at 1215t and 140t respectively.

Egypt: EGX 30 -0.97%, Vols USD 62m

The market managed to end the day in negative territory, leaving the EGX30 to end the day down 0.97%, to close at 4907.36 points. Volumes were within recent average volumes, market traded a total turnover of USD 62m. The market witnessed notable selling pressure mainly from foreign institutions after being net buyers from the week start, this came on back of ongoing political turmoil adding to this the lack of catalyst to drive the market higher. PHDC witnessed significant interest from retail investors, the only reason we were able to link to is the intention of the shareholders (MMID) to buy units from the company which will generate some liquidity, the formal ended the day up 3.68% to close at EGP1.69 respectively.

Investor mix:
•  Foreigners were net Sellers by 58.84 mn EGP and were 32.29% of the market.
•  Egyptians were net Buyers by 21.35 mn EGP and were 52.89% of the market.
•  Arabs were net Buyers by 37.49 mn EGP and were 14.83% of the market.
•  Institutions were net Sellers by 54.62 mn EGP and were 43.59% of the market.
•  Retail were net Buyers by 54.62 mn EGP and were 56.40% of the market.

Kenya: NSE 20 +0.8%, Vols USD 1.31m

Exceptionally quiet day in Nairobi today with value traded amounting to a rather dull $1.31m. BATK was one of the biggest contributors towards value traded thanks to a book over of 100k shares at 286 which was done by a local fund manager early in the session. The Kenya Airways rights started trading today with 228,200 units trading at 0.05. KNCB came under a bit of pressure today, falling 1.10% to close at 22.50 albeit on rather small volume of 602,100 shares. The MPC starts its monetary policy meeting tomorrow, with the general consensus calling for rates to remain on hold. Foreign purchases accounted for $595k of total purchases while foreign sales accounted for $388k of total sales. The market closed in positive territory with the NSE 20 Index gaining 0.8% to close at 3,392.2.

Mauritius: Semdex +0.25%, Vols USD 1.4m

The market ended today's session on an active note. Market turnover stood at USD 1.4m with banking stocks dominating the volume. MCB saw 86,188 shares trade in the name 0.61% higher at Rs165. SBM was unchanged on 105,900 shares. Terra continued to weaken closing 1.25% lower at Rs39.50. ENL Land gained 0.54% at Rs37. Rogers edged-up 0.94% to Rs323.

Nigeria: ASI +0.96%, Vols USD 14.18m

There was a bit more activity today but still rather dull in Nigeria with value traded amounting to $14.18m. There was once again no surprise to see Zenith Bank and Guaranty Bank being the two biggest contributors towards value traded with a couple of decent sized crosses going through in both names, 31.2m and 25.9m shares changed hands in the names respectively. There was also a decent amount of activity in Nigerian Breweries with 2.8m shares trading in the name, there were a few smaller crosses that went through as well as a large cross of 950k shares at 97.15. Diamond Bank reported Q1 results with PAT increasing 351.16%. Market participants took well to these figures as the name rallied 4.20% to close at 2.48 on good volume of 47m shares. The Debt Management Office announced that they would like to cut domestic borrowing to N461.8bn by 2015 from N744bn this year. The market closed the day in positive territory with the ASI gaining 0.96% to close at 20,849.94 while the Bank10 Index gained 3.20%.

South Africa: Top 40 +0.67%, Vols USD 2.02bn

The JSE ended the day higher with the Top 40 Index gaining 0.67% to close at 30,214 while value traded amounted to USD 2.02bn. Industrials were the day's biggest gainers with the Index rallying 1.24% followed by Financials and Resources which gained 0.31% and 0.24% respectively. The Rand was trading at 7.69 and 10.25 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE +0.39%, Vols USD 82k

Value traded amounted to USD 82k. The names that traded included BATZ, LAFA, PUMA, ZMBF, ZNCO and ZSUG. ZSUG was the biggest contributor towards turnover with value traded in the name amounting to USD 54k. ZNCO was the second biggest contributor towards turnover with value traded in the name amounting to USD 18k.

Zimbabwe: Industrials -0.39%, Mining +0.82%, Vols USD 5.6m

The industrial index ended the day 0.39% in the negative weighed down by losses in ABC, Delta and PPC that reversed yesterday’s marginal gains. ABCH eased -2.86% to 68c, Delta slipped -1.47% to 67c while PPC dropped -2.04% to 240c. Eight stocks recorded losses, four traded firm, eighteen unchanged at previous levels while 47 recorded no trades as yet another special bargain of 50m OK at 10.50c lifted an otherwise quiet trading session. CBZ continued on its fine run rising +9.09% or 0.50c to 6c. DZL notched 5.88% to 17.1c, African sun put on 2.74% to 0.75c. The mining index recovered 0.82% to 85.71pts buoyed by a higher bid in Rio at 52c despite no trades taking place in the sector.