Movers & Shakers: April 24, 2012

Botswana: DCI -0.16%, Vols USD 1.1m

Gaborone finally came to life with turnover increasing to USD 1.1m compared to USD11k yesterday. FNBB had the lions share with 1,784,652 shares trading 10t lower at 275t, accounting for 60% of the day's turnover. Sefalana was also actively traded in with 618,302 shares trading at 275t, accounting for 19.7% of the turnover. Barclays saw 160,677 shares trade unchanged at 710t. Letshego traded flat at 150t on 22,485 shares.

Egypt: EGX 30 -0.82%, Vols USD 80m

The market managed to end the day in negative territory, leaving the EGX30 to end the day down 0.82%, to close at 4908.36 points. Volumes has improved compared to recent market volumes, market traded a total turnover of USD 80M. Volatility continued throughout the day today in Egyptian blue-chips as institutional investors (International) continue to book profits, on the back of concern of a possible showdown with Israel after gas contract terminated. Names such as HRHO, ESRS, OCDI and SWDY traded against the general market sentiment, each ending the day up 5.25%, 1.64%, 0.50% and 3.66% respectively.

Investor mix:
•  Foreigners were net Sellers by 141.28 mn EGP and were 28.03% of the market.
•  Egyptians were net Buyers by 109.20 mn EGP and were 63.99% of the market.
•  Arabs were net Buyers by 32.07 mn EGP and were 7.98% of the market.
•  Institutions were net Sellers by 60.00 mn EGP and were 40.47% of the market.
•  Retail were net Buyers by 60.00 mn EGP and were 59.52% of the market.

Wednesday 25th of April is a public holiday, market will be therefore closed, trading to resume on 26th of April.

Kenya: NSE 20 +0.28%, Vols USD 5.55m

Another active day in Nairobi today with total value traded amounting to $5.55m thanks yet again to EABL. The brewer was extremely active with a total of 864k shares changing hands in the name after a total of 400k shares crossed at 220 with the buyers being foreign while the majority of the sellers were local. Banking stocks Equity Bank and Kenya Commercial Bank were also rather active with 5.02m and 1.46m shares trading respectively. The NSE halted trading towards the end of the session as a result of system failures, this was however sorted out and trading was extended by 15 minutes. Foreigners were net buyers accounting for $3.93m of total purchases while they accounted for $3.61m of total sales. The market managed to close the day higher with the NSE 20 Index gaining 0.28% to close at 3,581.33.

Mauritius: Semdex -0.07%, Vols USD 1.03m

Both the Semdex and the Sem-7 ended the day in negative territory. Official turnover was dominated by MCB which traded Rs15,3m worth of shares. 92,986 shares traded in the name at Rs165. SBM traded flat at Rs81.50, recording a cross of 26.8k at the same level. NMH was unchanged at Rs71 on 54,500 shares. Terra continued to trade south ending 1.27% lower at Rs39. The Dem recorded a cross of 78k UFlat at Rs16. MUA gained Rs1 to Rs121,

Nigeria: ASI +0.53%, Vols USD 24.50m

Another active day in Lagos with most sectors trading up although the banking sector finally ran out of steam, not surprising to see some market participants booking the short term profits. The BNK10 closed down 65bps, once again on decent volume. Large vols went through in GTB, Zenith and First Bank with the names closing down -71bps, -32bps and -2.57% respectively. FCMB and UBA also traded on good volumes with the names closing limit up at N5.02 and N3.09 respectively. IBTCCB was little changed at N7.07 after their results announcement after yesterdays session. In the consumer sector NB seems to have found a level around the N110 mark while Guinness was marginally strong (+98bps) although vols in the name again rather light.

South Africa: Top 40 +0.46%, Vols USD 1.17bn

The JSE ended the day higher with the Top 40 Index gaining 0.46% to close at 29,823 while value traded amounted to USD 1.17bn. Industrials were the day's biggest gainers with the Index gaining 0.85% followed by Financials and Resources which gained 0.35% and 0.16% respectively. The Rand was trading at 7.79 and 10.28 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -0.06%, Vols USD 1.23m

Very active day in Zambia today with value traded amounting to USD 1.23m thanks to a large cross of 2.19m Zambeef at 2,800. The names that traded today included CECZ, FQM, PUMA, ZABR and ZMBF. ZMBF was the biggest contributor towards turnover with value traded in the name amounting to USD 1.17m. FQM was the second biggest contributor towards turnover with value traded in the name amounting to USD 7k.

Zimbabwe: Industrial -1.17%, Mining -1.41%, Vols USD 2.8m

The market recorded turnover of USD2,8m on the back of a special bargain of 3,200,394 Delta at 70c. The name recorded 387,046 in normal trades at 69c. The Industrial index ended the day 1.17% lower while the resources index lost 1.41%. Colcom ended the day 0.99c lower at 30.01c. Econet lost 1c to 374c ahead of their results today. ABCH gave-up 1c to finish at 65c. M&R was down 2.50c at 7c. BATZ was amongst the few counters ending the day in positive territory. The counter traded 1c higher at 197c. On the Mining's side, Rio was the only counter to record a trade ending the day 3c lower at 55c.