Movers & Shakers: August 21, 2012

African Currencies

Botswana: DCI +0.19%, USD 77k

Not much went on in Botswana today with value traded amounting to USD 77k while the DCI gained 0.19% to close at 7,351.39. ABCH (452t, +8t), RDCP (682t, +2t) and Sechaba (1,350t, +30t) were the only names that traded higher today while there were no counters that closed in negative territory.

Egypt: EGX 30 +0.30%, USD 49m

The Market managed to continue to trade with a positive sentiment, leaving the EGX30 to end the day up 0.30% to close at 5,178.94 points. Market traded weak volumes trading a total turnover of USD 49m, this was mainly attributed to weak local and regional participation given the Eid break. The market started the day with notable buying to reach a high of 5220.27 points lead by local retail along with GCC investors, yet buy med-session retail investors changed their sentiment to end the day as net sellers. International investors continue with last week’s sentiment to be net-buyers targeting local blue chips. ESRS continues see notably buying appetite this is mainly attributed to market chatter regarding a potential settlement with the government on the license dispute, the name ended the day up 4.37% to close at EGP9.32, it worth mentioning that ESRS managed to gain more 15% on strong volumes in the last 5 trading days coming up from EGP7.79.

Investor mix:
•  Foreigners were net Buyers by 6.19 mn EGP and were 19.38% of the market.
•  Egyptians were net Sellers by 1.05 mn EGP and were 74.69% of the market.
•  Arabs were net Sellers by 5.14 mn EGP and were 5.93% of the market.
•  Institutions were net Buyers by 11.56 mn EGP and were 25.61% of the market.
•  Retail were net Sellers by 11.56 mn EGP and were 74.38% of the market

Kenya: NSE 20 -0.15%, USD 4.0m

Aside from crosses in EABL and Kenya Commercial Bank which accounted for 84% of value traded, the market was rather quiet today with value traded amounting to $4.0m. Kenya Commercial Bank was the biggest contributor towards turnover with a total of 7.57m shares changing hands thanks to a few large crosses as foreigners dominated both sides of the name. There was also a large cross in EABL as foreigners accounted for the majority of purchases and sales in the name with 389k shares traded over the day. There was a fair amount of activity in Bamburi Cement as locals domianted trading in the counter with 48k shares traded. Foreigners were net buyers and accounted for $3.1m of total purchases while they accounted for $2.61m of total sales. The market closed the day lower with the NSE 20 Index falling 0.15% to close at 3,808.5.

Mauritius: Semdex +0.02%, USD 415k

Relatively quiet day in Mauritius with value traded amounting to USD 415k while the Semdex gained 0.02% to close at 1,718.31. SBM gained 0.61% to close at 82.20 while MCB closed the day unchanged at 164.00. There was a cross of 25k shares in Innodis at 41.00 while there was also a decent cross of 25.6k shares in IBL at 77.00. NMH was quiet and closed the day unchanged at 58.00.

Nigeria: ASI +1.16%, USD 17.9m

South Africa: Top 40 +1.06%, USD 1.44bn

The JSE ended the day higher with the Top 40 Index gaining 1.06% to close at 31,630 while value traded amounted to USD 1.44bn. Resources were the day's biggest gainers with the Index gaining 1.54% followed by Industrials and Financials which gained 1.12% and 0.57% respectively. The Rand was trading at 8.22 and 10.25 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -0.12%, USD 15k

The market closed the day lower with the LuSE falling 0.12% while value traded amounted to USD 15k. The names that traded included AELZ, CECZ, INVE, LAFA, SCBL, ZAIN, ZMBF, ZNCO and ZSUG. CECZ was the biggest contributor towards turnover with value traded in the name amounting to USD 7k. AELZ was the second biggest contributor towards turnover with value traded in the name amounting to USD 3k.

Zimbabwe: Industrial Index -0.84%, Mining Index unch, USD 655k

A rather average day in Harare with value traded amounting to USD 655k. There were crosses in the likes od Delta ($93k) and Econet ($256k) which were the main drivers behind volume today. The Industrial Index closed 0.84% lower at 132.69 with Turnall falling 20% to close at 5c after posting dissapointing H1 results. The mining sector was once again dull with no trades taking place in any of the names.