Movers & Shakers: August 13, 2012

African Currencies as at GMT 15:30

Botswana: DCI +0.08%, USD 85k

Another quiet day in Gaborone today, $85k, with 6 of the counters trading. Three of the names changed price today, all three closed in the red. ABCH lost -1t to close at 444, Choppies fell -1t to finish on 164t and FNBB eased -1t to end on 299t. As is often the case, Letshego was the most active trader, accounting for 95% of all the activity.

Egypt: EGX 30 +1.51%, USD 72m

The market ended the day notably higher lead by local institutions, leaving the EGX30 up 1.51% to close at 5,046.31 points. Market volumes continue to improve, market traded a total turnover of USD 72m. yesterdays unexpected presidential decisions taken, which are highlighted in the removal of Defense minister "Tantawi", Army Chief "Anan" and the canceling of constitutional addendum, a sense of optimism spread throw the market this was attributed to full transfer of power is finally in the hands of a civilian elected president ending the 60 years of military power in Egypt. Local and Arab retail along with Foreign institutions ended the day as net sellers. While on the other hand, Local and Arab institutions supported market as net buyers. COMI lead the market in terms of volume, the former ended the day up 1.08% last print at EGP28.02.

Investor mix:
•  Foreigners were net Sellers by 22.62 mn EGP and were 26.71% of the market.
•  Egyptians were net Buyers by 11.66 mn EGP and were 59.02% of the market.
•  Arabs were net Buyers by 10.95 mn EGP and were 14.27% of the market.
•  Institutions were net Sellers by 65.71 mn EGP and were 43.17% of the market.
•  Retail were net Buyers by 65.91 mn EGP and were 56.82% of the market

Kenya: NSE 20 -1.01%, USD 1.59m

Extremely dull in Nairobi with value traded amounting to $1.59m. Equity Bank was rather active today thanks to a cross mid-session with both the buyer and the seller being foreign, a total of 2.84m shares changed hands. Not much going on in Kenya Commercial Bank with 720k shares traded as foreigners accounted for 91% of purchases. Decent amount of activity in Barclays as 860k shares traded with locals dominating both sides of the counter. CFC Stanbic announced H1 2012 results which saw pre-tax profits increasing 36.5%. Foreigners were net buyers and accounted for $1.00m of total purchases while they accounted for $580k of total sales. The market closed the day lower with the NSE 20 Index falling 1.01% to close at 3,792.22.

Mauritius: Semdex -0.24%, USD 557k

The market in Mauritius was not very active today, $557k. The largest banking group, MCB was one of the most active names with the counter closing -0.6% lower at 166.00. The other big bank SBM was the lone gainer from the SEM -7, adding +0.39% to finish the session +0.61% better off. The only other name to change price from the SEM-7 was the hotelier NMH which took another beating today, closing -3.23% in the red after an active days trading. Outside of the SEM-7, Alteo Limited made a marginal gain of +0.66% in relatively active trading.

Nigeria: ASI +0.15%, USD 10.33m

The Lagos bourse managed to just edge past the $10m mark today as activity picked up into the latter part of the session and made a marginal gain +0.15%. 20 stocks advanced, 22 declined and 55 remained unchanged. T he highest value of trades were in FBN, GTB, ZENITH, ACCESS AND NB. The top tier banks were mixed, UBA +2.33%. The cement, conglomerate and food & bev sectors were all mixed too, Flourmills -3.08%, Cadbury +1.26% while the two Dangote names were mixed, DangS +4.22% and DangF -3.99%.

South Africa: Top 40 -0.43%, USD 963m

The JSE ended the day lower with the Top 40 Index falling 0.43% to close at 31,194 while value traded amounted to USD 963m. Industrials were the day's biggest losers with the Index falling 0.51% followed by Resources and Financials which fell 0.17% and 0.10% respectively. The Rand was trading at 8.15 and 10.06 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -1.38%, USD 41k

Rather quiet in Zambia with value traded amounting to USD 41k. The names that traded included AELZ, CECZ, FQM, PUMA, REIZ, SCBL, ZNCO and ZSUG. FQM was the biggest contributor towards turnover with value traded in the name amounting to USD 18k. ZNCO was the second biggest contributor towards turnover with value traded in the name amounting to USD 10k.

Zimbabwe: Market closed for the day.