Movers & Shakers: December 20, 2012

Kenya: NSE 20 +0.09%, USD 9.2m

Another bustling day in the East African city with foreign investors totally dominant on both the buy and sell side, contributing 90% and 78% respectively to the buys and sells. EABL was without doubt the talk of the town, contributing 61% of the volumes, a massive 1.5m cross going through at KES259. KenolKobil was also actively traded, eventually closing down 35bps at KES 14.25 on good volume. The other large caps Safcom, Equity Bank and KNCB were also active, closing unchanged (5.05), +1.06% (23.75) and unchanged (29.25) respectively. Athi River Mining released the timetable for their share split, as attached.

Nigeria: ASI +0.58%, USD 17.79m

Today was all about the consumer stocks with Nestle, NB and Guinness all actively traded. After trading up for most of the day, a late sell off caused Nestle to close unchanged at N690, while NB lost 63bps (N154.03) and Guinness gained 44bps (N255.11) on good volumes. The sector is actively traded by both local and foreign participants. The banking sector gained a mightily impressive 2.58% with GTB (+6.59%, N22.49) and UBA (+5.8%, N4.56) the main outperformers. The most active names on the day were Nestle, Zenith, NB, FBNH, Guaranty and Guinness. Outside of these names the market was relatively quiet.

Zimbabwe: Ind +0.26%, Mining +2.96%, USD 2.25m

The Industrial index gained +0.26% or 0.39 pts aided by SeedCo up 4.10c to 75.10c and Innscor that gained 1c to 71c. Meikles and OK added 0.70c and 0.50c each to trade at 15.2c and 14.5c respectively. Countering the positivity of the index was Bat, Econet, CBZ and TN. Bat lost 28c to 350c, Econet fell 8c to 450c as CBZ and TN both shed 0.20c to end at 10c and 19c respectively. Thursday’s session saw 12,381,497 FBC shares change hands at 7c being the largest contributor to both the volumes and value traded. Value of traded increased to $2.25m which was 32% more than yesterday’s trades. Foreigh participation was depressed at the buying was -96% lower than yesterday and sales recorded at a low $30,918. Turnall led the star performers as it recovered +12.50% to 4.50. Seedco traded a paltry 104 shares on an improved price of 75.10c though it remained -33.73% down YTD. Meikles sealed off the top risers at 15.2c having exchanged 1.5m shares. The losers were Lifestyle that retreated -20% trading at 0.40c, Hotelier Afsun eased -3.53% to 0.82c yet YTD is up +17.14%, Barclays dropped -3.47% to 2.50c. The market reacted to the half year financials of Star Africa whose revenue was much lower than prior and resulting in the bottom line loss. The stock traded -2.44% at 1.20c. The mining index took a positive turn after yesterday’s fall gaining +2.96% to 65.29pts buoyed by Bindura and Falgold that added +8.57% and +8.33% to close at 1.52c and 13c respectively. The other two counters remained steady at previously traded prices.