Movers & Shakers: April 18, 2012

Botswana: DCI +0.13%, Vols USD 345k

The market ended the day 0.13% higher on vols of USD 345k which was skewed toward BIHL. The name saw 200,486 shares trade at 1000t, accounting for 80% of the day's turnover. Primetime added on 3t at 190t. Turnstar picked up 4t to end the day at 155t.

Egypt: EGX 30 -0.14%, Vols USD 42m

The market ended the day slightly lower, leaving the EGX30 to end the day down 0.14%, , to close at 4672.55 points. Volumes were weak but within recent market volume, market traded a total turnover of USD 42m. The market started the day with a positive sentiment to reach a high of 4707.97 points, in the last hour of trading, as expected with the continuous lack of a catalyst the EGX30 couldn't hold on to its earlier gains as institutional (international) investors continue to book profits at these levels, yet local institutions along with local retail investors continue to increase their exposure in the market. EMOB and OTMT lead the market in terms of volumes accounting for more than 33% of the total turnover, OTMT ended the day up 1.41% to close at EGP1.44, EMOB ended the day unchanged to close at EGP179.99.

Investor mix:
•  Foreigners were net Sellers by 33.65 mn EGP and were 27.42% of the market.
•  Egyptians were net Buyers by 38.22 mn EGP and were 63.46% of the market.
•  Arabs were net Sellers by 4.56 mn EGP and were 9.13% of the market.
•  Institutions were net Sellers by 16.73 mn EGP and were 42.17% of the market.
•  Retail were net Buyers by 16.73 mn EGP and were 57.82% of the market.

Kenya: NSE 20 +0.81%, Vols USD 4.45m

Relatively decent day in Nairobi today with value traded amounting to $4.45m. Safcom got things going early on with 8m shares crossing at 3.30 with both the seller and buyer being foreign, after that there were a number of decent sized crosses that went through in the name taking the total amount of shares traded to 34m. There was also a cross of 150k BMBC @ 150 early on with the name closing at 149 for the day. EABL was rather active today with 220k shares changing hands in the name. SCAN reported full-year earnings before the open which saw PAT increase 42%, the counter fell 6.54% to close at 50.00 on very thin volume of 8,500 shares. Foreigners were net buyers accounting for $2.13m of total purchases while they accounted for $1.53m of total sales. The market closed higher yet again with the NSE 20 Index gaining 0.81% to close at 3,489.24.

Mauritius: Semdex -0.12%, Vols USD 1.1m

Banking stocks continued to dominate the vols with MCB and SBM accounting for 65% of the day's turnover. MCB ended the day flat with 102,845 shares trading in the name at Rs165. SBM was unchanged on 47,800 shares at Rs81. NMH was also actively traded in with 57,079 shares trading in the name at Rs71. Sun ended the day 0.8% lower at Rs39.20. Terra ended the day 1.25% lower at Rs39.50.

Nigeria: ASI +1.26%, Vols USD 16.05mill

A strong day in Nigeria as the bourse followed positive global sentiment higher. The banking sector led the charge in both performance and volumes with the BNK10 +2.82% and ETI, Zenith, FCMB and First Bank among the top traded stocks on the day. After yesterday’s strong results First Bank continues to be strongly bid with the name trading at limit up N10.20 and closing on a strong bid. UBA released a poor set of results shortly after the market closed. The name closed +1.99% at N2.56 and has seen good volume in the past few days. NB had an interesting day with the name still strong following their impressive results earlier this week. Most of the day the name traded around the N102 level until a very aggressive buyer came and lifted the name at limit up, after which the name sold down to close at N102.10 (+1.87%). Unilever also released their Q1 results for the 3 months through March which were slightly soft on the bottom line showing PAT down 18.4% from N1.63bn to N1.33bn. The name closed unchanged at N28.50.

South Africa: Top 40 +0.86%, Vols USD 1.38bn

After technical issues delayed the open by 1 hour, the JSE managed to close the day in positive territory with the Top 40 Index gaining 0.86% to close at 30,043. Financials were the day's biggest gainers with the Index gaining 1% followed by Industrials and Resources which gained 0.90% and 0.80% respectively. The Rand was trading at 7.81 and 10.25 to the USD and EUR respectively by the time local markets closed. CPI came in at 6% (in line) while retail sales came in better than expected at 7.2%.

Zambia: LuSE +0.17%, Vols USD 159k

Relatively active day with crosses in the likes of ZSUG and SHOP, helping take value traded to USD 159k. The names that traded included CECZ, SCBL, SHOP, ZABR, ZNCO and ZSUG. ZSUG was the biggest contributor towards turnover with value traded in the name amounting to USD 77k. SHOP was the second biggest contributor towards turnover with value traded in the name amounting to USD 42k.

Zimbabwe: Closed Today