Movers & Shakers: December 21, 2012

Kenya: NSE20 -0.21%, USD 2.8m

As often on a Friday in Nairobi, turnover dropped off substantially with just $2.8m changing hands. Yet again, a drop in foreign participation contributed to this as foreigners were just 44% of the daily activity. Driven by strong foreign buying interest, Safcom was the most active name on the day, eventually closing unchanged at KES5.05. EABL and KNCB were the next most active counters, both of them closing up just less than 1% at KES261 and KES29.50 respectively, all foreign buying and local selling. Athi River Mining edged up 3.1% to KES 230 following book closure for its 5:1 split today.

Nigeria: ASI -0.38%, USD 15.54m

A very similar day to Thursday in Lagos with consumer names seeing a lot of action while the banking sector continues to rally. BNK10 ended +1.32% as the bulls remain relentless in GTB (+3.82%, N23.35). The consumers once again saw high levels of activity. Nigerian Breweries took an absolute hammering as sellers panicked and tried to offload stock quickly, the name closing down 6.32% at N144.30. Nestle and Guinness were net buyers and both closed in the positive, Nestle (+1.46%, N700.06) and Guinness (+2.31%, N261) with Nestle in particular enjoying good volumes. The tope traded stocks on the day were Zenith, NB and Nestle closely followed by FBNH and GTB.

Zimbabwe: Ind -0.07%, Mining -1.52%, USD 840k

Please note the ZSE is closed on Monday. The industrial index closed the week in the negative as it lost 7bps to close at 148.41pts. On a week on week analysis the index is up 0.93pts or +0.63%. Contibuting to the index loss were Econet and Hippo that retreated 5 cents each to close at 445c and 110c respectively. Econet was the largest contributor to the value traded accounting for 63% of the trades whilst CBZ and Delta each pitched in 10%. Foreign participation surged rising to $704k and on the buy side while sales amounted to $79,537. Forty five stocks recorded trades in Fridays’ session ,14 of the counters gained whilst 7 stocks fell. Pelhams was the top performer adding a whopping +300% to close at 0.20c. Star Africa and Truwoths upped +25% and 20% trading at 1.5c and 2.4c respectively. Turnal increased by +11.11% to 5c. Radar pushed up +9.09% at 12c. The top losers were Phoenix, Ariston,PGI and Nicoz. Phoenix eased -50% to trade at 0.30c. Ariston was next shedding -23.08% to 1c. PGI and Nicoz lost -23.08 and -9.09 to settle at 0.50c and 1 c each. The mining index closed 1.52% weaker at 64.30pts on the back of losses in FALGOLD that eased a cent to close at 12c and BINDURA which retreated 0.02 cents to trade at 1.50c. HWANGE and RIOZIM were unchanged at the previous trading levels.