Movers & Shakers: December 17, 2012

Due to the South Africa holiday today and all the upcoming holidays we will be sending out an abridged Movers and Shakers for the next couple of weeks.

Kenya: NSE 20 +0.45%, USD 5.8m

Foreign participation dropped in Nairobi, and hence total turnover also fell. Driven by strong foreign demand, Safcom was the day’s top trader accounting for 16% of the total turnover, the name closing unchanged at KES5.05. Of the top movers for the day, BATK was the only one who gained, closing up 85bps at KES474 on foreign buying and local selling. Bamburi Cement saw another chunky cross go through yet again at the KES190 level, and closed unchanged at KES190. The banking sector was rather muted and dull with both KNCB and Equity Bank closing unchanged for the day at KES29 and KES23.50 respectively.

Nigeria: ASI -0.20%, USD 16.99m

The lion’s share of today’s activity belonged to NB, which saw some chunky crosses go through, the name eventually settling down just 3bps at N160 on almost a quarter of the total turnover. The other consumer stocks also saw decent interest with Nestle closing -71bps at N700, Cadbury -7bps at N29.03 while Unilever closed unchanged at N47. The BNK10 closed down 1.11% with some decent volumes in the Tier 1 names. The main drag on the index was GTB (-3.76%, N20.12) while UBA also struggled (-1.10%, N4.50). Of other interest was Oando which closed down 2.48% at N13.

Zimbabwe: Ind +0.10%, Mining -1.12%, USD 1.76m

The industrial index marginally recovered 10bps to close at 147.60pts in today‘s trades buoyed by gains in AFRE and CBZ. These 2 names were the only risers in today’s session in which they picked +3.92% and +2% respectively to end at 5.3c and 10.20c respectively. Hoteliers led the losses with RTG shedding -5% to 1.9c, and AFSUN slipping -2.3% to 0.85c. Dual listed conglomerate Old Mutual contributed to the downward trend closing -1.32% at 150c. Activity on the local bourse was still low as the holiday season kicks in and saw active counters falling to 23 counters compared to yesterday’s 25. The total volume traded increased by 1.63% to 1.76m. Foreign investors were net buyers in Econet with outflows amounting to $62,200 against inflows of $226,915. Foreign trades have become sporadic due to festive season. The mining index slipped -1.12% to 65.20pts after holding fort at 65.94pts for seven consecutive trading sessions. The loss is attributable to Falgold the only resource to record a trade on the board today that dropped 2c (-14.29%) to settle at 12c.Bindura was bid higher at 1.40c whilst the other remained the same.