Movers & Shakers: December 04, 2012

African Currencies

Botswana DCI -0.18%, USD 991k

Decent day in Gaborone with value traded amounting to USD 991k thanks to a cross in Letshego. The market closed the day lower with the DCI falling 0.18% to close at 7,532.56. Sechaba (1,575t, +4t) and Stanchart (1,001t, +1t) were the only names that closed the day higher. ABCH (400t, -10t), CHOBE (255t, -5t) and (FNBB, -4t) were the only counters that closed in negative territory.

Egypt: EGX 30 -4.61%, USD 65m

The market witnessed a notable hit today leaving the EGX30 to fall the most since 26th of November, the EGX30 ended the day down 4.61% to close at 4,838.51. Market volumes managed to slightly pick up compared to recent market turnovers, the market traded a total turnover of USD 65m. With yesterdays Deadly, Bloody clashes witnessed in Cairo streets and other various cities , and with the increased calls for escalation against the MB and the legitimacy and international support being questioned, a sense of panic has spread over the market as many investors continue to dread that the country is going throw the same situation in 28 Jan 2011, many investors are worried that market will be suspended as it happened in 2011. Names such as COMI, OCIC and SWDY witnessed aggressive selling each to end the day down 6.39% and 6.33% and 6.21% respectively, yet AUTO managed to trade against the market sentiment to end the day up 3.54%. It’s worth mentioning that the Egyptian pound weakened to the lowest level in 8 years.

Investor mix:
•  Foreigners were net Sellers by 19.65 mn EGP and were 27.42% of the market.
•  Egyptians were net Buyers by 41.43 mn EGP and were 60.83% of the market.
•  Arabs were net Sellers by 21.78 mn EGP and were 11.75% of the market.
•  Institutions were net Sellers by 66.04 mn EGP and were 46.27% of the market.
•  Retail were net Buyers by 66.04 mn EGP and were 53.72% of the market.

Kenya: NSE 20 -0.86%, USD 3.5m

Equity turnover plunged 37% today, with foreign participation at 63% of trades compared to 31% in the previous session. Safaricom was the day’s top mover accounting for 31% of volumes with foreigners actively participating on both sides of the counter. Eveready topped the gainers list today jumping 21.6% to close at a new year high of KES 2.25. The battery manufacturer announced its FY12 performance figures posting a 177% rise in PAT, driven by a decline in operating costs as turnover remained flat. Kengen, National Bank and Athi River Mining saw profit taking during the session easing 7.2%, 5.2% and 4.5% to KES 9, KES 17.15, KES 210 respectively. Unga limited slipped 0.74% following book closure of it's KES 0.75 final dividend yesterday.

Mauritius: Semdex +0.59%, USD 3.51m

Another rather active day on the Island with value traded amounting to USD 3.51m while the market closed the day higher with the Semdex gaining 0.59% to close at 1,701.61. The two big banking stocks lead the way in both performance and activity. There were a number of crosses in MCB with 252k shares changing hands while the counter gained 1.23% to close at 165.00. SBM managed to gain 2.22% to close at 92.00 with 638k shares traded in the name thanks to a number of large crosses. NMH was rather quiet today with 7.8k shares traded in the name.

Nigeria: ASI +0.42%, USD 15.22m

Buying activity returned to Lagos today with plenty of green across the board. The ASI ended up 42bps, mostly driven north by the banking sector with the BNK10 up 96bps. The outperformance was pretty much across the sector with First Bank, Guaranty, Zenith, Diamond and Skye Bank also showing decent gains. Banks also saw the most action with Zenith, GTB, FBN and ETI all showing decent volume. The consumers yet again witnessed decent activity, most of this in NB which saw $1.2mill change hands as the name closed up 1.51% at N142.11. Ashaka Cement had a tough day and closed down 5% at N18.05 as the bears won the battle in the name.

South Africa: Top 40 +0.24%, USD 1.28bn

The JSE ended the day higher with the Top 40 Index gaining 0.24% to close at 34,008 while value traded amounted to USD 1.28bn. Financials were the day's biggest gainers with the Index gaining 0.67% followed by Resources and Industrials which gained 0.27% and 0.10% respectively. The Rand was trading at 8.69 and 11.29 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE +0.14%, USD 11k

Another dire day in Zambia with value traded amounting to USD 11k. The names that traded included CEC, INVESTRUST, LAFA, ZAIN, ZAMEFA, ZNCO and ZSUG. LAFA was the biggest contrbutor towards turnover with value traded in the name amounting to USD 9.4k. CEC was the second biggest contributor towards turnover with value traded in the name amounting to USD 814.

Zimbabwe Industrial -0.27%, Mining +0.95%, USD 3.21m

Market heavy weights BAT and Econet took a knock in today’s session sending the main stream industrial index down -0.27% to 148.83points on improved activity. Econet lost a further 0.03% to 479.96c while BAT lost -11.11% in the wake of espionage allegations. Daly turnover improved 111.76% at $3.21m spurred by volume growth at 10.84m shares. Market favorites by turnover were Econet whose daily turnover was an estimated 41% of the day’s total turnover at $1.3m while Delta followed as 36% was attributed to them. The mining index gained 0.95% to close at 65.67%. Bindura saved the day as it gained 0.07c (5.83%) to trade at 1.27 cents. The other counters did not record any trades in Thursday’s session.