Movers & Shakers: August 07, 2012

African Currencies as at GMT 15:30

Botswana: DCI +0.23%, USD 78k

The mkt in Gaborone managed a +23bps gain today with 4 names making a move higher and no names retreating. Letshego accounted for half of all activity – trading at an unchanged price of 140.00. Choppies added +5t to close at 168.00, FNBB gained +5t to close at 300t, G4S moved 5t to the good to close at +593t and Primetime advanced +1t to close at 198t.

Egypt: EGX 30 +0.55%, USD 56m

The market managed to end the day in positive territory, leaving the EGX30 to end the day up 0.55% to close at 5,049.51 points. Volumes were within recent market average turnover, market traded a total turnover of USD 56M. Volatility continued throughout the day today in Egyptian blue-chips as retail investors continue to be net sellers in the market along with international institutions, yet GCC institutions and local institutions investors supported the market end the day as net-buyers. Names such as ETEL, COMI and OCIC traded against the general market sentiment, each ending the day down 0.68%, 0.39% and 0.26% respectively.
Investor mix:
•  Foreigners were net Buyers by 17.06 mn EGP and were 17.78% of the market.
•  Egyptians were net Sellers by 13.34 mn EGP and were 75.81% of the market.
•  Arabs were net Sellers by 3.72 mn EGP and were 6.41% of the market.
•  Institutions were net Buyers by 2.45 mn EGP and were 27.55% of the market.
•  Retail were net Sellers by 2.45 mn EGP and were 72.44% of the market

Kenya: NSE 20 -0.38%, USD 1.68m

Another dull day in Kenya with value traded amounting to $1.68m. Bamburi Cement was rather active thanks to a large cross with foreigners accounting for the majority of both sides of the name (89% of purchases and 99% of sales). Average day in Equity Bank with 1.16m shares changing hands as foreigners accounted for 87% of purchases. After releasing H1 2012 results which saw PAT increase 18.6% Barclays Bank was relatively active as 1.16m shares traded in the counter. Foreigners were net buyers and accounted for $1.02m of total purchases while they accounted for $580k of total sales. The market closed the day lower with the NSE 20 Index falling 0.38% to close at 3,815.44.

Mauritius: Semdex +0.09%, USD 550k

There was not much on the go in Mauritius today with only half a million shares trading and only MCB (from the Sem-7) closing at a different price to that which it opened the day at, +0.6% closing at 166.00. SBM, MCB and ENL Land were relatively active. Notably United Docks and Alteo from the investment sector traded very actively as did Sun Resorts from the Leisure sector, all trading unchanged.

Nigeria: ASI -0.11%, USD 18m

The mkt opened marginally higher before being squeezed lower on weak vols, there was a flurry of activity in the last hour boosting the value traded to $18m but the mkt maintained the same price level. The boost in activity came from FBN and Zenith, collectively accounting for more than half of the value traded. From the top tier names FBN +3.42% was the standout. The mid-tier names were mixed, Sterling and IBTC were the big fallers while FCMB and Diamond were the big winners. The cement sector traded lower while the conglomerates were mixed with Unilever the standout -4.94%. All the food and bev names were unchanged except DangS which fell -3.81%.

South Africa: Top 40 +0.10%, USD 1.22bn

The JSE ended the day higher with the Top 40 Index gaining 0.10% to close at 31,224 while value traded amounted to USD 1.22bn. Resources were the day's biggest gainers with the Index gaining 1.17% while Financials and Industrials fell 0.66% and 0.11% respectively. The Rand was trading at 8.14 and 10.11 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -0.06%, USD 360k

Decent day in Zambia thanks to crosses in ZSUG with value traded amounting to USD 360k. The names that traded included CECZ, INVE, PUMA, SCBL, ZABR, ZNCO, and ZSUG. ZSUG was the biggest contributor towards turnover with value traded in the name amounting to USD 301k. ZNCO was the second biggest contributor towards turnover with value traded in the name amounting to USD 50k.

Zimbabwe: Industrial Index +0.54%, Mining -0.90%, USD 1.4m

ZSE industrial index recovered 0.72points or 0.54% to 133.82points spurred by banking stocks as the June reporting season kicks off. Barclays added 3.12% to 3.3c as a large block of 4.5m shares exchange hands. The duo of agro-processors Hippo and Seedco picked 4.40% and 1.19% to 107.01c and 83.99c respectively. ZBFH was the only banking stock to trade in the negative easing 6.45% to 10.01c while NMB, TN, ABCH and Trust recorded no trades. Volumes rose to 22.2m from 14.8m spurred by block trades in Zimplow, Dawn, Edgars and Barclays. Zimplow was the favourite stock as foreign investors picked up 9.5m shares at a stable price of 6c in a deal worth $569,149, Barclays saw 4.5m shares exchange hands while 4.2m and 1m shares traded in Dawn and Edgars respectively. Turnover was $1.4m with foreign purchases and sales accounting for $892,949 and $173,748. The mining index lost 0.90% to 102.92points after Rio was offered 2c lower at 55c. No trades were recorded in the sector. Hwange was bid at 22c, Falgold was offered at 30c while Bindura was bid at 3.1c.