Movers & Shakers: December 07, 2012

African Currencies

Botswana DCI -0.07%, USD 110k

Not much went on in Gaborone today with value traded amounting to USD 110k while the market closed lower with the DCI falling 0.07% to close at 7,527.25. BIHL (1,035t, +1t) and Engen (616t, +1t) were the only names that closed higher while Chobe (250t, -5t) was the only counter that closed lower.

Egypt: Market closed for the day.

Kenya: NSE 20 +0.38%, USD 4.0m

Equity turnover notched 15.8% higher during the session, with foreign investor participation coming in at 47.9% of trades compared to 63% in the previous session. Safaricom was the day’s top mover accounting for 37.6% of volumes with foreign investors particularly active on the buy side of the counter. Unga, animal and human feeds miller, fell 9.7% after slipping 0.74% in the previous day following book closure of a KES 0.75 final dividend on 5 December 2012. ARM Cement gained 4.3% on the day after briefly falling at the beginning of the session on thin volumes. Kenya Airways lost 4.9% as demand on the counter continued to remain thin in the troubled airline. The market has been trading generally flat to downwards as we get deeper into the holiday season. We expect this trend to continue in the absence of bargain hunters.

Mauritius: Semdex +0.40%, USD 792k

Much slower day in Mauritius today wth value traded amounting to USD 792k as both major banking stocks took a step back in terms of activity. SBM continued its impressive run higher with the name gaining 1.09% to close at 93.00 on 43k shares. MCB was relatively quiet as a total of 70k shares traded as the counter closed flat at 165.00. NMH managed to gain 0.91% to close at 55.50 on relatively thin volume. The market ended the week on a positive note with the Semdex gaining 0.40% to close at 1,708.42.

Nigeria: ASI +0.47%, USD 17.32m

A much improved day as activity returned to the Lagos bourse to end the week. Banks were flavor of the day, both in terms of buying demand and activity. All names bar FCMB closed in the green, led by UBA (+3.64%, N4.56), Diamond Bank (+2.70%, N4.56) and Skye Bank (+2.31%, 3.99) while the turnover charts were dominated by Zenith and Access. Consumer stocks continue to attract foreign buying interest and the leader in the sector was again NB which closed up 1.01% on high turnover while Cadbury closed up 2.52% at N28.50 also on decent volume. Flour Mills saw good two-way and closed up 1.55% at N65.50.

South Africa: Top 40 -0.29%, USD 1.18bn

The JSE ended the day lower with the Top 40 Index falling 0.29% to close at 33,909 while value traded amounted to USD 1.18bn. Resources were the day's biggest losers with the Index falling 0.68% followed by Industrials and Financials which fell 0.18% and 0.01% respectively. The Rand was trading at 8.67 and 11.20 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -2.48%, USD 42k

Better day in Lusaka but still nothing to get excited about with value traded amounting to USD 42k. The names that traded included BAT, CEC, INVESTRUST, REIZ, SCZ, SHOP, ZAIN, ZNCO and ZSUG. CEC was the biggest contributor towards turnover with value traded in the name amounting to USD 25k. ZAIN was the second biggest contributor towards turnover with value traded in the name amounting to USD 6k.

Zimbabwe Industrial -0.13%, Mining +0.41%, USD 1.31m

The industrial index closed the week in the negative easing -0.13% to 148.64pts. A bearish atmosphere prevailed in today’s trading session as the mainstream index recorded its third consecutive loss of the week and is 1.01% down week on week. Trading in the negative was Zimplow that eased -11.11% to 4c while subsidiary TPH lost -4.55% to 10.50c by close of call today. Zimplow reissued its cautionary about negotiations believed to involve a complete takeover of TPH by buying out minority. AFDIS and MEIKLES shed -3.33% and 1.48% to close at 14.50 and 14c respectively. Old Mutual which has had experienced good trading activity in the past week lost a marginal- 0.01 to 160c. Banking duo CBZ and Barclay’s recovery failed to lift the index as they upped +18.75% and 4.76% to trade at 9.50c and 2.20c apiece. Telecoms giant Econet, put on +0.01% trading at 480c and was most heavily traded stock after 56,676 units exchanged hand in trades worth $752,578(57%). Total turnover declined -59.06% at $1.31m despite an +11.91% growth in overall volumes to 12.13m. A 2.36% gain in nickel miner Bindura to 1.3c saw the mining index recover +0.41% at 65.94pts. Friday gains however were not enough as the index closed the 4.07% lower week on week. Rio traded 300 shares stable at 55c .Hwange and Falgold were not traded.