Movers & Shakers: August 14, 2012

African Currencies as at GMT 16:30

Botswana: DCI -0.17%, USD 43k

The total value traded was low as is generally the case however 6 of the 8 names that traded changed price, 2 for the better and 4 for the worse. Choppies and Sechaba were the two winners +4t and +5t respectively - closing at 168t and 1320t respectively. The four losers were Barclays, BIHL, FNBB and Turnstar losing -10t, -10t, -2t and -8t respectively.

Egypt: EGX 30 +1.27%, USD 59m

The Market managed to continue to trade with a positive sentiment, leaving the EGX30 to end the day up 1.27% to close at 5,110.53 points. Market volumes continue to improve compared given it’s market traded at total turnover of USD 59m. Local and international institutions continue with their buying frenzy targeting local blue chips, this came after Egypt to signed a USD200 mn World Bank loan today which gave investors a positive sentiment towards the recovery road ahead of Egypt, yet local retail investors continue to be aggressive net-sellers, this is mainly due to lack of confidence and fear of further escalations following the new presidential decisions that took place mainly in the Military.

Investor mix:
•  Foreigners were net Buyers by 13.87 mn EGP and were 29.57% of the market.
•  Egyptians were net Sellers by 10.41 mn EGP and were 62.03% of the market.
•  Arabs were net Sellers by 3.45 mn EGP and were 8.41% of the market.
•  Institutions were net Buyers by 49.01 mn EGP and were 58.22% of the market.
•  Retail were net Sellers by 49.01 mn EGP and were 41.77% of the market

Kenya: NSE 20 +0.21%, USD 1.81m

Another lack luster day in Nairobi with value traded amounting to a dissapointing $1.81m. Bamburi Cement was rather active thanks to a large cross with foreigners accounting for 58% of purchases in the name as 240k shares changed hands. Equity Bank was quiet with 1.15m shares traded with foreigners accounting for the bulk (93%) of purchases in the counter. There was a fair amount of activity in Britac as locals dominated both sides of the stock with 2.75m shares traded. Foreigners remained net buyers and accounted for $890k of total purchases while they accounted for $160k of total sales. The market closed the day higher with the NSE 20 Index gaining 0.21% to close at 3,800.23.

Mauritius: Semdex -0.02%, USD 1.64m

The market was more active today with a total of $1.64m trading on the day. The activity was centered around the two banks with MCB the more active of the two. All of the SEM-7 shares traded unchanged today. From the hoteliers only Sun Resorts changed price -0.62% although this was on the back of small vals. NMH traded flat at 60.00.

Nigeria: ASI -0.64%, USD 8.6m

The Lagos bourse opened with upward momentum but this was short lived as the mkt soon fell below its opening level and continued in this direction until the close. The activity levels were dire again, still failing to get over the $10m mark. 23 stocks advanced, 20 declined and 64 remained unchanged. The banks was accounted for most of the5 activity 62% with the most active individual names being FBN, Access, GTB, Zenith and Diamond. The top tier banks were mixed but skewed towards the downside with GTB and UBA the most notable movers -1.13% and -1.59% respectively. Mkt heavyweight DangC was a large drag on the economy -2.17%. The conglomerates enjoyed good support today Flourmills +3.17%, PZ +1.79% and UACN +0.24%. Another Dangote name DangS also found the going quite tough today, -2.99%.

South Africa: Top 40 +0.47%, USD 1.20bn

The JSE ended the day higher with the Top 40 Index gaining 0.47% to close at 31,340 while value traded amounted to USD 1.20bn. Financials were the day's biggest gainers with the Index gaining 0.95% followed by Industrials which gained 0.49% while Resources fell 0.08%. The Rand was trading at 8.17 and 10.06 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE +0.11%, USD 39k

Another quiet day in Zambia with value traded amounting USD 39k. The names that traded included BATZ, CECZ, INVE, LAFA, SCBL, ZNCO, and ZSUG. LAFA was the biggest contributor towards turnover with value traded in the name amounting to USD 20k. ZNCO was the second biggest contributor towards turnover with value traded in the name amounting to USD 12k.

Zimbabwe: Market closed for the day.