Movers & Shakers: April 11, 2012

Botswana: DCI +0.06%, Vols USD 159k

The DCI edged up 0.06% to end today's trading session at 7065.05pts. Turnover stood at USD 159k. BIHL accounted for 56% of the day's turnover with 61,202 shares trading unchanged at 1050t. NAP traded 1t higher at 220t. Turnstar increased by 5t to 145t while Cresta ended the day 5t lower at 105t.

Egypt: EGX 30 +2.05%, Vols USD 70m

The market managed to end the day higher, leaving the EGX30 to end the day up 2.05% to close at 4651.88 points. Volumes has improved significantly compared to recent market volumes, market traded a total turnover of USD 70m. Volatility continued throughout the day today in Egyptian blue-chips as institutional investors (International) and local retail continue to book profits, yet local institutions increased their exposures in the market to be net buyers today along with GCC investors. EMOB witnessed a strong buying appetite after the rumors were denied regarding the deal with FT, this news had a positive sentiment on the whole telecoms sector, names such as OTMT, ORTE, EMOB and ETEL ended the day up 7.20%, 9.55%, 2.75% and 0.58% respectively.

Investor mix:
•  Foreigners were net Sellers by 75.55 mn EGP and were 21.86% of the market.
•  Egyptians were net Buyers by 74.49 mn EGP and were 70.69% of the market.
•  Arabs were net Buyers by 1.06 mn EGP and were 7.44% of the market.
•  Institutions were net Buyers by 53.97 mn EGP and were 45.89% of the market.
•  Retail were net Sellers by 53.97 mn EGP and were 54.10% of the market.

Kenya: NSE 20 +0.95%, Vols USD 2.64m

Very quiet day in Kenya today with value traded amounting to a rather disappointing $2.64m. Kenya Airways was rather active with 4.20m shares changing hands in the name thanks to two large crosses, initially there was a cross of 1m shares at 14 with both the buyer and seller being local followed by a cross of 720k at 14 where the seller was foreign. Co-operative Bank announced that they plan to open 30 new branches this year after already opening 12 new branches. The name fell 0.39% to close at 12.70 on the back of this news. EQBNK and KNCB were rather quiet with 2.12m and 1.12m shares changing hands in the names respectively. Foreigners accounted for $1.41m of total purchases while they accounted for $650k of total sales. The market closed the day in positive territory with the NSE 20 Index gaining 0.95% to close at 3,429.02.

Mauritius: Semdex -0.09%, Vols USD 479k

Both indices ended the day 0.09% in the red with the Semdex closing at 10801.03pts and the Sem7 at 339.71pts. Vols were rather on the thin side with the official turnover at Rs11,3m and the Dem at Rs2.6m. Banking stocks were the only counters to record movement on the Sem-7 today. MCB traded 0.60% lower at Rs166 on 4,260 shares while SBM gained 0.60% to Rs82. On the hotel front, Lux Island decreased by 0.5% to Rs21, NMH and Sun remained level. Terra was unchanged at Rs39.50.

Nigeria: ASI -0.15%, Vols USD 9.21m

Extremely dull day in Lagos with value traded amounting to a paltry USD 9.21m. Banking stocks were yet again the biggest contributors towards value traded with Guaranty Bank, Zenith Bank and First Bank all at the top of the list. There were a few decent sized crosses with 2.8m shares being crossed in Guaranty and 16.5m shares being crossed in Diamond Bank. Unfortunately there was not much to report on the news front in Nigeria today. The market closed the day lower with the ASI falling 0.15% to close at 20,814.35 while the Bank10 Index fell 0.68%.

South Africa: Top 40 +0.11%, , Vols USD 1.56bn

The JSE ended the day higher with the Top 40 Index gaining 0.11% to close at 29,669 while value traded amounted to USD 1.56bn. Resources were the day's biggest gainers with the Index gaining 0.70% followed by Financials which gained 0.12% while Industrials fell 0.44%. The Rand was trading at 7.98 and 10.46 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -0.13%, Vols USD 114k

Value traded amounted to USD 114k thanks largely to a cross in CECZ. The names that traded included CECZ, FQMZ, SCBL, ZABR, ZMFA, ZNCO and ZSUG. CECZ was the biggest contributor towards turnover with value traded in the name amounting to USD 86k. FQMZ was the second biggest contributor towards turnover with value traded in the name amounting to USD 9k.

Zimbabwe: Industrials +0.15%, Mining +0.33%, Vols USD 1.128m

Improved volumes and turnover saw the industrial index rebound +0.15 pts (0.11%) to close at 135.43 points. Several market heavies led the rebound including BAT that advanced 5c to 190c, INNSCOR that that rose 1 cent or +1.75% to 58cs and Delta with a +0.01% rise to 68.01c. Other gains were seen in Zimpapers that led the risers with a 50% surge to 1.05c while ART followed with a +14.29% rise to 0.4c as DZLH put on 0.45c to 17.95c. Weighing down the industrials were losses in HIPPO which shed 5 c or 5% to 95c, Econet down -1.35% to 380c, Meikles that came off -1.57% to 13.78c as well as Old mutual that traded -0.01% softer at 172c. Other counters to trade in the negative included COLCOM that dropped 0.99c to 30c; EDGARS that retreated 0.50c to close at 7.50c; and PELHAMS that topped after slipping 0.20c to 0.60c. The mining index recovered from yesterday’s losses after gaining 0.29 (0.33%) to close at 88.80pts. Driving the rise were gains in BINDURA that was 8.7% or 0.20c firmer at 2.50 cents whilst the remaining mining stocks were unchanged.