Movers & Shakers: August 16, 2012

African Currencies

Botswana: DCI +0.01%, USD 569k

Decent day in Borswana today with value traded amounting to USD 569k thanks to a cross of 4.3m shares in Letshego while the market closed ever so slightly higher with the DCI gaining 0.01% to close at 7,321.13. Sefalana was the only name that traded higher today closing at 300t, a gain of 3t while there were no names that closed lower.

Egypt: EGX 30 +0.85%, USD 75m

The Market managed to continue to trade with a positive sentiment, leaving the EGX30 to end the day up 0.85% to close at 5,163.53 points. Market volumes continue to improve compared given its market traded at total turnover of USD 75m. The market managed to end the day in positive territories with local institutions along with international institutions supporting the market by being the sole net buyers today continuing with their buying frenzy which started earlier this week, yet local retail investors continue to be notable net-sellers, name such as ORTE witnessed notable selling pressure lead by local retail investors, the former ended the day down 0.27%. ESRS continues to trade higher on notably decent volumes, stock is currently trading at 8.93 up 4.57% this was mainly attributed to chatter in the market regarding a potential settlement with the government on the license issue.

Investor mix:
•  Foreigners were net Buyers by 4.27 mn EGP and were 17.97% of the market.
•  Egyptians were net Buyers by 15.52 mn EGP and were 72.71% of the market.
•  Arabs were net Sellers by 11.24 mn EGP and were 9.33% of the market.
•  Institutions were net Buyers by 45.37 mn EGP and were 31.80% of the market.
•  Retail were net Sellers by 45.37 mn EGP and were 68.19% of the market

Kenya: NSE 20 +0.09%, USD 1.30m

Yet another dull day in Kenya with hardly any excitement to report. Foreign participation continues to be light. As such, the usual suspects were not the most actively traded in the session. BATK and COOP were the most active while KCB and EqBnk had some mild interest. Among the top gainers we saw DTK +8.15%, NBK +6.39% and CFC +5.26%. The top losers included Scan -5.88% and KenolKobil -2.27%.

Mauritius: Semdex -0.20%, USD 1.23m

Relatively active day in Mauritius after the public holiday yesterday with value traded amounting to USD 1.23m while the Semdex fell 0.20% to close at 1,728.27. MCB was rather active yet again thanks to a few crosses with 176k shares changing hands as the name fell 0.60% to close at 165 while SBM closed the day flat at 82.50 and was rather quiet as 26k shares traded. Not much going on in the hotel stocks with 4,800 shares traded in NMH.

Nigeria: ASI -0.17%, USD 7.81m

Once again an extremely quiet day in Nigeria as Northern hemisphere holiday season gets into full swing and ahead of the 2-day holiday in Lagos next Monday and Tuesday. In a bucking of the trend, the most active name on the day was not the banks but NB, which closed up 1.37% at N122 on good volume. The BNK10 closed up 70bps led higher by GTB (+2.3%), Access (+2.15%) and Diamond (+1.56%). Cadbury found some demand with the counter +4.59% albeit on thin volume.

South Africa: Top 40 +0.65%, USD 1.16bn

The JSE ended the day higher with the Top 40 Index gaining 0.65% to close at 31,535 while value traded amounted to USD 1.16bn. Resources were the day's biggest gainers with the Index gaining 1.12% followed by Industrials which gained 0.32% while Financials fell 0.50%. The Rand was trading at 8.22 and 10.17 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE +0.36%, USD 84k

Fairly decent day in Lusaka with value traded amounting USD 84k thanks to crosses in SCBL and LAFA. The names that traded included CECZ, INVE, LAFA, NATB, PUMA, SCBL, ZNCO and ZSUG. SCBL was the biggest contributor towards turnover with value traded in the name amounting to USD 33k. LAFA was the second biggest contributor towards turnover with value traded in the name amounting to USD 27k.

Zimbabwe: Industrial Index -0.62%, Mining Index unch, USD 3.1m

Extremely active day with value traded amounting to a rather impressive USD 3.1m thanks to a large cross of 3.5m ABCH 0.58 after reporting a 25% growth in half year earnings to $7.5m with the name gaining 5.26%. There was also a decent size cross in Delta. Industrials closed the day lower with the Index falling 0.62% to close at 132.93. The only name that traded in the Mining Sector was Hwange while the Index closed the day unchanged at 89.04.