Movers & Shakers: August 30, 2012

African Currencies

Botswana: DCI +0.01%, USD 60k

Very little to report about in Gaborone today with only $60k worth trading and the mkt moving sideways. There were only two price movers BIHL and RDCP +3t to 1025t and +5t to 695t. Only 5 names traded with Letshego the most active name (80%).

Egypt: EGX 30 +0.45%, USD 109m

The market managed to end the day in positive territory, leaving the EGX30 to end the day up 0.45% to close at 5,332.25 points. Volumes were within recent market average turnover, market traded a total turnover of USD 109M. Volatility continued throughout the day today in Egyptian blue-chips as international investors continue with their profit taking sentiment in the market to be the sole net sellers today, yet local institutions and local investors supported the market end the day as net-buyers. Names such as OCDI, SWDY and OCIC traded against the general market sentiment, each ending the day down 0.55%, 0.46% and 0.29% respectively.

Investor mix:
•  Foreigners were net Sellers by 52.58 mn EGP and were 15.93% of the market.
•  Egyptians were net Buyers by 50.51 mn EGP and were 77.15% of the market.
•  Arabs were net Buyers by 2.06 mn EGP and were 6.92% of the market.
•  Institutions were net Sellers by 46.95 mn EGP and were 28.60% of the market.
•  Retail were net Buyers by 46.95 mn EGP and were 71.39% of the market

Kenya: NSE 20 -0.08%, USD 2.33m

Activity decreased substantially today with value traded amounting to $2.33m. Equity Bank was rather active today thanks to a large cross that went through at 22.25 with both the buyer and the seller being foreign as a total of 1.85m shares changed hands. There was a large cross in BMBC with both the buyer and the seller being local as a total of 220k shares traded. It was surprising to see KPLC as one of the more active stocks as a total of 1.24m shares traded in the name. Foreigners remained net buyers and accounted for $780k of total purchases while they accounted for $630k of total sales. The market closed the day lower with the NSE 20 Index falling 0.08% to close at 3,875.11. CIC Insurance released H1 2012 results which saw profits decrease 12% as costs and claims increased.

Mauritius: Semdex -0.08%, USD 1.7m

The market moved south again today, -0.08% although only marginally. The only name from the Sem-7 to change price was IBL which traded -1.27% lower closing at 78.00. The largest bank MCB is where the activity was most active, 70% of the total mkt. The name traded flat at 161.00. There were some crosses in Rogers again but nothing like we have seen over the last while.

Nigeria: ASI +0.14%, USD 14.6m

The market was more active today $14.6m although this is off a low base. The market closed higher +0.14%, but this was not as convincing as yesterday’s performance. The banks had a mixed session, unlike yesterday when they were all up. GTB fell -0.39%, GTB also released their results today GE +25.2%, PBT +62.95 and PAT +64.74%, 25 kobo divi. Zenith was also a notable loser -0.96%. The other sectors were also mixed UACN gained +3.86%, Cadbury added +2.41%, DangS fell -3.57%. The most active names were all banks Zenith, FBN, GTB, Access and Skye. 25 stocks advanced, 28 declined and 53 remained unchanged. According to the Central Bank of Nigeria, the country’s foreign exchange reserves rose to a 2-year high of $38.38 billion as at Aug. 27, 2012.

South Africa: Top 40 -1.28%, USD 1.29bn

The JSE ended the day lower with the Top 40 Index falling 1.28% to close at 31,088 while value traded amounted to USD 1.29bn. Resources were the day's biggest losers with the Index falling 2.29% followed by Financials and Industrials which fell 1.10% and 0.58% respectively. The Rand was trading at 8.47 and 10.61 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -1.01%, USD 190k

Much better day in Lusaka with value traded amounting to USD 190k thanks to a cross in ZSUG. The names that traded included CECZ, LAFA, REIZ, SCBL, SHOP, ZNCO and ZSUG. ZSUG was the biggest contributor towards turnover with value traded in the name amounting to USD 162k. LAFA was the second biggest contributor towards turnover with value traded in the name amounting to USD 17k.

Zimbabwe: Industrial Index +0.31%, Mining Index unch, USD 690k

Turnover for the day slumped 22% to $687,298 as the bourse’s most active counters, Delta and Econet recorded very little trade. 5 million Barclays shares exchanged hands and the stock firmed 0.1cents. The other major risers for the day were PPC, Old Mutual and Hippo. As a result, for the third straight day, the Industrial Index rose and was up 0.31% today to close at 132.03 points. Hwange was the only counter to trade on the resources category, trading flat at 22 cents.