Movers & Shakers: February 05, 2013

Botswana: DCI +0.02%, USD 128k

Not much on the go in Gaborone today but still far better than yesterday with value traded amounting to USD 128k. Turnstar was the only counter that had some respectable volume go through as a total of 507k shares traded with the rest of the market rather quiet. The market closed slightly higher with the DCI gaining 0.02% to close at 7,800.36.

Egypt: EGX 30 +0.81%, USD 61m

The market managed to end the day in positive territory lead by notable buying from international institutions, the EGX30 ended the day up 0.81% to close at 5,795.57 points. Market volumes continue to slightly improve relative to recent average market turnovers, yet volumes remain weak the market traded a total turnover of USD 61m. International institutions continue to be aggressive buyers in the market today targeting various names such as ORTE and HRHO each ending the day up 1.31% and 0.62% respectively, it’s worth mentioning that local retail and local institutional investors along with GCC institutional investors ended the day as notable sellers, this is mainly attributed to the ongoing political and economical turmoil in Egypt. JUFO continue to attract investors appetite, the name traded at new all time high on above average volumes, the former ended the day up 1.50% to close at EGP8.77.

Investor mix:
•  Foreigners were net Buyers by 50.52 mn EGP and were 15.57% of the market.
•  Egyptians were net Sellers by 39.98 mn EGP and were 72.84% of the market.
•  Arabs were net Sellers by 10.54 mn EGP and were 11.60% of the market.
•  Institutions were net Buyers by 25.59 mn EGP and were 25.31% of the market.
•  Retail were net Sellers by 25.59 mn EGP and were 74.68% of the market.

Kenya: NSE 20 +0.74%, USD 7.0m

Equity turnover jumped 164.2% buoyed by a large volume in EABL. Foreign investors traded on both sides of the brewer, which accounted for 44%of the days volumes. Overall foreign investor participation was at 63% of trades compared to 45% yesterday. Foreign investors maintained their short position on Safaricom (-1.8%), accounting for over 80% of the counters supply. Of the top movers only KCB, Co-op Bank and Kengen witnessed meaningful gains climbing 1.5%, 1.5% and 1.7% to KES 34.25, KES 13.20 and KES 11.95 respectively.ARM and Scan group extended their gains from the previous session edging up 5.7% and 3.6% to KES 55.50 and KES 72 respectively. TPS Serena and Unga Ltd recouped yesterday’s losses gaining 2.4% and 2.2% respectively. Apart from Safaricom all other losers were on thin volumes.

Mauritius: Semdex +0.11%, USD 2.94m

Another rather solid day in Mauritius with value traded amounting to USD 2.94m. MCB lead from the front once again thanks to a cross of 121.6k shares on the crossing board which was part of the MCB Employee Share Option Scheme. Foreigners continue to seek exposure to SBM with the name gaining 2.2% to close at 95.00. Foreigners were also net buyers in hotelier NMH as a total of 242k shares traded in the name.

Nigeria: ASI +1.16%, USD 40.99m

Rather stunning day from an activity point of view with value traded amounting to a very impressive $40.99m. Banking stocks continue to impress with the Bank10 Index gaining 1.80% as the rescued banks outperformed their peers from a movement point of view (albeit it on very small volume). With regards to activity there were substantial crosses in the top-tier banks, especially in Access (with foreigners on both sides of a particularly large cross) as value traded in the name amounted to a rather impressive $8.5m. Guaranty Bank and Zenith Bank were however not far behind from an activity point of view ($5.37m and $4.40m in the names respectively). A few consumer stocks also performed rather well as both local and foreign investors were looking for exposure to the sector with Flour Mills (+9.85%), Dangote Sugar (+9.95%) and Unilever (+5.05%) all putting in solid performances.

South Africa: Top 40 +0.15%, USD 1.50bn

The JSE ended the day higher with the Top 40 Index gaining 0.15% to close at 36,279 while value traded amounted to USD 1.50bn. Financials were the day's biggest gainers with the Index gaining 0.71% followed by Industrials which gained 0.62% while Resources fell 0.85%. The Rand was trading at 8.84 and 11.96 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE +0.96%, USD 452k

The Zambian market seemed to break the shackles today with value traded amounting to a rather impressive (relatively speaking) USD 452k thanks to crosses in CEC, ZNCO and NATBREW. The other names that traded included BAT, FQMZ, SCBL and ZSUG. CEC was the biggest contributor towards turnover with value traded in the name amounting to 268k. ZNCO was the second biggest contributor towards turnover with value traded in the name amounting to USD 112k.

Zimbabwe: Industrials +0.10%, Mining unch, USD 4.86m

ZSE stocked climbed higher in Tuesday trades albeit at a slower pace supported by second tier stocks as big names take a breather after a month-long rally. The Industrial index rose 0.10% to 184.75points while the mining index remained unchanged at 84.07points with very little activity taking place in the mining sector. As interest shifts towards second tier stocks, OK ZIMBABWE gained 6.05% to 19.1c, cement producer Larfage rose 1.43% to 71c, NATFOODS added 0.64% to 141c as AICO AFRICA defy the profit warning from subsidiary Seedco to pick 4.55% to 11.50 cents. Trading activity was buoyant as volumes rose three fold to 10.8m shares while turnover as at a daily record of $4.86m. Foreign participation remained the major driver of trading activity as purchases accounted for 84% or $4.08m of the value trades while sales amounted to $2.450m.

African Currencies