Movers & Shakers: August 02, 2012

African Currencies as at GMT 15:30

Botswana: DCI -0.05%, USD 22k

The activity levels plummetted back down today in Gaborone, only $22k. 10 stocks traded, two picked up in price and two lost value, Engen gained 1t to 581t, Primetime added 1t to 197t while Barclays lost 1t closing at 714t and G4S fell -3t to close at 589t.

Egypt: EGX 30 +1.50%, USD 57m

The market managed to continue to trade higher today, the EGX 30 traded 1.09% higher to close at 4989.44 points. Volume has improves notably, market traded total turnover of USD 75m, its worth mentioning that more than 20% of the total turnover was attributed to COMI alone, the name ended the day up 0.50% to close at EGP27.96. Internationals investors continue bullish on the Egyptian market as they are the sole net buyers for the second consecutive day accounting for an increased market participation of 27.43%. On the other hand, local investors continue selling the rallies gaining decent profits and are net sellers accounting for 61.67% of market participation. OCIC witnessed notable buying appetite lead by international investors, ending the day up 2.30% to last print at EGP278.79.

Investor mix:
•  Foreigners were net Buyers by 55.08 mn EGP and were 27.43% of the market.
•  Egyptians were net Sellers by 4.32 mn EGP and were 61.67% of the market.
•  Arabs were net Sellers by 50.76 mn EGP and were 10.90% of the market.
•  Institutions were net Buyers by 54.32 mn EGP and were 37.93% of the market.
•  Retail were net Sellers by 54.32 mn EGP and were 62.06% of the market.

Kenya: NSE 20 -0.01%, USD 3.23m

Another average day in Nairobi with value traded amounting to $3.23m. EABL was the most active name in terms of value traded with 490k shares changing hands thanks to a cross of 320k shares with foreigners accounting for 95% of sales in the counter. Foreigners accounted for the majority of sales (87%) in Equity Bank with a total of 2.86m shares traded on the day. There was a small amount of action in Safcom today with 5.91m shares traded as locals dominated both sides of the name. Foreigners were net sellers and accounted for $1.95m of total sales while they accounted for $1.50m of total purchases. The market closed the day slightly lower with the NSE 20 Index falling 0.01% to close at 3,825.08.

Mauritius: Semdex -0.06%, USD 790k

Slow going has become the norm in Mauritius, only $790k traded with the mkt travelling sideways -0.06%. SBM was one of the most active names and also the only name to fall today, -0.61% to close at 82.00. Terra was the most active trader and the only name to increase in value +1.03% to close at 39.4. MCB also traded a fair amount at an unchamged price of 167.00.

Nigeria: ASI

No data available due to mulitiple system failures at the exchange in Nigeria

South Africa: Top 40 -0.14%, USD 1.4bn

Volatiles session after Draghi's speech. The result being that the mkt closed slighly lower than where it was trading just before the ECB announcement. Resources -13bps ended lower despite a good recovery in the last hour. Financials +6bps with NED +1.16% the top gainer post their impressive results .

Zambia: LuSE -0.33%, USD 127k

Decent day in Lusaka with value traded amounting to USD 127k thanks to a cross in ZSUG. The names that traded included BATZ, CECZ, FQM, LAFA, SCBL, ZABR, ZMFA, ZAIN, ZNCO and ZSUG. ZSUG was the biggest contributor towards turnover with value traded in the name amounting to USD 75k. FQM was the second biggest contributor towards turnover with value traded in the name amounting to USD 36k.

Zimbabwe: Industrial Index -0.06%, Mining -1.00%, USD 450k

ZSE stocks slid further in Thursday session, vols low too. Turnover decline 79% to a paltry $452,918 from $2.2m due to huge decline in foreign appetite. Foreign purchases stood at a paltry $5,261 while sales amounted to $49,731. The industrial index shed a marginal 0.06% after gains in Natfoods, Fidelity and ZBFH were cancelled by losses In Barclays, Zimplow and Mash. Following the increase in minimum capital requirements for banks, foreign owned banks find themselves in a dilemma where although they may easily meet the capital requirements, major foreign shareholders may be reluctant to pour in capital when the indigenization axe remains hanging on the financial sector. The mining index dropped a further 1% to close at 105.51points after Rio lost 5% to 57c. Bindura and Hwange were unchanged at previous trading levels. Falgold was bid and offer at 15c and 30c respectively.