Movers & Shakers: April 26, 2012

Botswana: DCI +0.19%, Vols USD 400k

Relatively active day with value traded amounting to USD 400k thanks to a cross in Choppies of 1.78m shares at 160t. The market closed the day higher with the DCI gaining 0.19% to close at 7,138.45. Choppies was the only stock that closed higher on the day (160t, +10t) while G4S was the only name to trade lower on the day (610t, -10t).

Kenya: NSE 20 -0.63%, Vols USD 2.76m

Quiet day in Nairobi after yesterday’s fireworks as the buyers disappeared. The NSE20 closed down 63bps while volumes were also a disappointing $2.76mill and profit taking in the blue chips was very much evident. The banking sector struggled with KNCB closing down 3.16% at KES 23.00 while EqBnk also had a tough day closing down 2.35% at KES20.75. We await the results of their Q1 figures later today. In the brewers EABL also closed down 2.78% at KES210. Safcom also had a poor day closing down 2.94% at KES3.30. In other news, Kenya plans to revive plans for a $500mill Eurobond, which would be used to repay a syndicated loan which it never received.

Mauritius: Semdex -0.05%, Vols USD 909k

A litlle bit quieter in Mauritius today with value traded amounting to USD 909k. Banking stocks MCB and SBM ended the day mixed with the former closing flat at 166 while SBM fell 0.61% to close at 81.00. There were a few smaller crosses in MCB with a total of 65k shares traded in the name. NMH was extremely quiet today with a total of 1,400 shares traded and the counter falling 0.71% to close at 70.00. Rogers was also very quiet with the name closing at flat at 326.00.

Nigeria: ASI +0.64%, Vols USD 20.12m

Decent emough day with value traded amounting to $20.12m. Banking stocks yet again the biggest contributors towards value traded with Zenith Bank being extremely active thanks to a number of large crosses in the name, a total of 89.9m shares traded. First Bank was also rather active with 40.9m shares changing hands in the counter. It was interesting to see IBTC rather active today with a total of 16.59m shares traded after reporting results two days ago. The Bank10 Index managed to gain 1.84%. Nigerian Breweries was rather quiet and closed the day flat at 111. The market closed in positive territory yet again with the ASI gaining 0.64% to close at 22,109.76. There has been a bomb attack at the offices of ThisDay newspaper which has killed at least eight people.

South Africa: Top 40 +0.75%, Vols USD 1.46bn

The JSE ended the day higher with the Top 40 Index gaining 0.75% to close at 30,247 while value traded amounted to USD 1.46bn. Resources were the day's biggest gainers with the Index gaining 1.11% followed by Finanicals and Industrials which gained 0.61% and 0.28% respectively. The Rand was trading at 7.79 and 10.30 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE unch, Vols USD 4k

Another ridiculously quiet day in Zambia today with value traded amountng to USD 4k. The names that traded included CECZ, FQM, LAFA, and ZSUG. CECZ was the biggest contributor towards turnover with value traded in the name amounting to USD 1.9k. LAFA was the second biggest contributor towards turnover with value traded in the amounting to USD 1.8k.

Zimbabwe: Industrial -0.37%, Mining +2.34%, Vols USD 1m

Relatively active day in Harare with value traded amounting to USD 1m thanks to a large cross of 192k Econet at 3.70. Another negative day in the Industrial sector with the Index falling 0.37% to close at 130.05. The Mining Index on the other hand managed to gain 2.34% to close at 95.29 thanks to gains in Hwange and Rio Zim.