Movers & Shakers: April 04, 2012

Botswana: DCI +0.02%, Vols USD 83k

The DCI ended the day flat recording vols of USD 83k. FNBB was actively traded in today, accounting for 48% of the days turnover. 104,227 shares exchanged hands at 275t. With 27% of the day's turnover, Choppies had 111,932 shares trade in the name at 145t. ABCH and G4S gained 5t each to 460t and 620t.

BRVM: BRVM Comp +0.51%, BRVM 10 +0.67%, Vols USD 383k

The BRVM Comp and the BRVM 10 ended the day in positive territory. Value traded was rather on the low side with only USD383k worth crossing the floor today. Sonatel saw 758 shares trade at XOF 128,000. SGB CI edged up 2.56% to XOF 40,000. ETI traded 2.33% higher at XOF 40 while Palm CI ended 2.15% higher at XOF 19,000. Trituraf CI led the sluggards ending 7.50% in the red at XOF 925. CIE CI lost 2.36% at XOF 20.500.

Egypt: EGX 30 -1.41%, Vols USD 62m

The market managed to end the day in negative territory, leaving the EGX30 to end the day down 1.41%, to close at 4838.23 points. Volumes were within recent average volumes, market traded a total turnover of USD 62m. The market witnessed notable selling pressure mainly from institutions local and foreign and with local retail investors as net-buyers. Stocks were trading in the red with the exception for PHDC which ended the day + 1.78%. Most of today's volume is attributed to ORTE and OTMT as both stocks combined are accounting for approx 38% of total value traded ORTE continues to lead the market in terms of value witnessing aggressive selling to end the day down 6.84%, this came after a UAE news website posted that Algeria may turn down Djezzy deal.

Investor mix:
•  Foreigners were net Sellers by 10.10 mn EGP and were 28.67% of the market.
•  Egyptians were net Buyers by 16.60 mn EGP and were 62.02% of the market.
•  Arabs were net Sellers by 6.50 mn EGP and were 9.31% of the market.
•  Institutions were net Sellers by 28.52 mn EGP and were 46.00% of the market.
•  Retail were net Buyers by 28.52 mn EGP and were 53.99% of the market.

Ghana: Vols USD 105k

Value traded on the Ghanaian Stock Exchange amounted to USD 105k today. GCB was the biggest contributor towards value traded (67.03%) with the name closing at 1.85. CAL was the second biggest contributor towards value traded (6.78%) with the counter closing at 0.24.

Kenya: NSE 20 +0.48%, Vols USD 6.90m

Very active day in Nairobi today with value traded amounting to an impressive $6.90m thanks to a number of large crosses in the blue chip counters. KNCB lead from the front in terms of value traded with 7.33m shares changing hands in the name, there was a cross of 5m shares at 23 early on with the buyer being foreign while the seller was local. Safcom was very active today with 33.39m shares trading in the name, a big cross of 12m shares went through at 3.20 with both the buyer and the seller being foreign, the name gained 1.59% to close at 3.20 on the back of dividend speculation. There was some decent volume in EQBNK with 4.63m shares trading in the counter. There was a cross of 1.5m shares with the buyer and seller being foreign. The big economic news on the day was that the MPC decided to keep the interest rate at 18%. Foreigners were net buyers yet again accounting for $5.15m of total purchases while they accounted for $1.73m of total sales. The market closed in positive territory with the NSE 20 Index gaining 0.48% to close at 3,409.70.

Mauritius: Semdex +0.17%, Vols USD 1.52m

Both indices ended the 0.17% higher with the Semdex at 1,804.62pts and the Sem-7 at 338.21pts. Banking stocks continued to dominate the vols with SBM recording crosses of 35k and 19.6k shares at Rs82. The normal stock price ended the day 0.6% higher at Rs82. MCB on the other hand was unchanged at Rs165. Swan saw a cross of 30k shares at Rs315. ENL lost 0.5% to close at Rs36.80. On the Dem side, the index gained 0.6% to reach 147.09pts on a relatively high turnover of Rs16.3m. FUEL reached an intra-day high of Rs170 before easing off to end 10% higher at Rs165 on significant volume.

Nigeria: ASI +0.41%, Vols USD 13.33m

Another rather disappointing day in Nigeria in terms of activity with value traded amounting to $13.33m. It is starting to sound a bit repetitive now but Guaranty Bank and Zenith Bank were once again the biggest contributors towards value traded with 39m and 31.39m shares changing hands in the names respectively thanks to a number of decent crosses. Nigerian Breweries was relatively active with 2.17m shares trading in the name with a cross of 950k shares going through early in the session at 97.80. Dangcem reported full-year earnings with profit after tax increasing ever so slightly to N125.909bn. The market seemed fairly satisfied with the numbers as the name gained 0.43% to close at 116 on volume of 226k shares. Diamond Bank continued to rally after posting good Q1 figures yesterday with the counter gaining 2.42% to close at 2.54. The market closed in positive territory with the ASI gaining 0.41% to close at 20,934.47 while the Bank10 Index gained 1.60%.

South Africa: Top 40 -2.61%, Vols USD 1.92bn

The JSE followed world markets lower with the Top 40 Index falling 2.61% to close at 29,425 while value traded amounted to USD 1.92bn. Resources were the day's biggest losers with the Index falling 2.60% followed by Financials and Industrials which fell 2.18% and 2.11% respectively. The Rand was trading at 7.82 and 10.25 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -0.01%, Vols USD 63k

Another quiet day in Zambia with value traded amounting to USD 63k. The names that traded included AELZ, CECZ, NATB, PMDZ, REIIZ, ZABR, ZMBF, ZNCO and ZSUG. REIZ was the biggest contributor towards turnover with value traded in the name amounting to USD 45k. ZABR was the second biggest contributor towards turnover with value traded in the name amounting to USD 5k.

Zimbabwe: Industrials -0.15%, Mining +1%, Vols USD 2.5m

The industrial index eased 0.15% to 136.09pts while the Mining index rose 1% to 86.57pts after Rio advanced 10% to 55c. Ariston recorded a special bargain of 185,776,659 shares at 1.1c, the third consecutive special bargain this week. Astra led the losers giving up -15.97% to 3c, NMBZ dropped -11.11% to 0.8c, NTS was -8.33% softer at 2.75c while Interfin and ZPI lost -6.67% and -4.55% to 2.8c and 1.05c respectively. Further buying impetus in CBZ saw the group rise +8.33% to 6.50c giving a three day return of 30%, BAT added +2.78% or 5c to 185c after giving shareholders 93% their 2011 earnings as dividend (Div per share of 26c out of EPS of 28c). Other notable gains were Econet and Seedco up +1.32% and +0.97% to 385c and 104c albeit on thin volumes.