Movers & Shakers: February 14, 2013

Botswana: DCI +0.01%, USD 6k

Absolutely dire day in Bots today with nothing to report as value traded amounted to a paltry USD 6k while the market closed slightly higher with the DCI gaining 0.01% to close at 7,834.66.

Egypt: EGX 30 -0.28%, USD 41m

The market witnessed a extremely slow session with static trading leaving the EGX30 to end the day down 0.28% to close at 5,715.87 points. The market traded one of the weakest volumes year to date, the market traded a total turnover of USD 41m, its worth mentioning that International investors accounted for more than 27% of the total turnover. Nothing much happened in today’s session the market was barley trading, with trading activity in our usual high beta stocks the likes of PHDC, OTMT, CCAP and TMGH, international investors continue booking profits along with local institutions and causing a overhang on the index around these levels yet local retail investors benefited from the various price hits to end the day as the sole net-buyer today.

Investor mix:
•  Foreigners were net Sellers by 10.44 mn EGP and were 27.65% of the market.
•  Egyptians were net Buyers by 11.55 mn EGP and were 66.68% of the market.
•  Arabs were net Sellers by 1.11 mn EGP and were 5.67% of the market.
•  Institutions were net Sellers by 17.75 mn EGP and were 33.54% of the market.
•  Retail were net Buyers by 17.75 mn EGP and were 66.45% of the market.

Kenya: NSE 20 -0.23%, USD 6.5m

The equities market witnessed profit taking with the benchmark NSE 20 index easing 0.23% to close at 4,637.54 points. Equity turnover fell 43.1% due to a decline in foreign investor participation at 44% of trades compared to 82% in the previous session. KCB led the top mover list today accounting for 28% of volumes. Following a rally in its price in previous sessions, local investors took profit on KCB pushing it 3.9% lower to KES 37. EABL and Safaricom also witnessed profit taking easing 2.2% and 1.8% respectively to KES 308 and KES 5.60 respectively. Access Kenya reversed some of the gains made in previous sessions, pulling back 5.3% to close at KES 6.30. BOC gases led the top gainers lost climbing 9% to KES 109 though on very thin volumes. All other top gainers were on thin volumes.

Mauritius: Semdex +0.01%, USD 1.67m

After yesterday's early closure due to flooding the market was relatively active today as value traded amounted to USD 1.67m. As is usually the case MCB drove activity as a total of 158k shares changed hands in the name while SBM was rather quiet with only 8k shares trading over the day. CFS released Q1 numbers which saw PAT increase to Rs191m with the counter gaining 0.91% on the day.

Nigeria: ASI -0.04%, USD 24.61m

Activity slowed down a bit today as value traded amounted to $24.61m. There was noticeable profit taking in bank stocks as the Bank 10 index slid 2.14% with the likes of Fidelity (-4.46%), Zenith (-2.56%) and Access (-2.32%) being amongst the worst performers in the sector. DangCem managed to rebound nicely today on good volume after two days of falls as a total of 2.16m shares changed hands in the name. Nestle was another strong performer on the day, gaining 4.98% on decent volume. Nestle's direct competitor Cadbury however came under some serious pressure and fell 5.00%.

South Africa: Top 40 -0.28%, USD 1.50bn

The JSE ended the day lower with the Top 40 Index falling 0.28% to close at 36,285 while value traded amounted to USD 1.50bn. Resources were the day's biggest losers with the Index falling 0.55% followed by Industrials and Financials which fell 0.15% and 0.03% respectively. The Rand was trading at 8.87 and 11.81 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE +0.61%, USD 174k

Much better day in Lusaka thanks to crosses in ZSUG and SCBL as value traded amounted to USD 174k. The names that traded included BAT, CEC, LAFA, NATBREW, SCBL and ZSUG. ZSUG was the biggest contributor towards turnover with value traded in the name amounting to USD 110k. SCBL was the second biggest contributor towards turnover with value traded in the name amounting to USD 44k.

Zimbabwe: Inudsutrials +0.20%, Mining -1.11%, USD 4.40m

The ZSE Industrial index was on a rebound posting a 0.20% gain to close at 182.04pts and in the process breaking a three day losing streak. Trading activity was fairly thick as 13.3m shares changed hands which was more than twice the volume traded yesterday thanks to 8.7m shares that traded in property group Dawn. Turnover for the day surged 267% to a high for the week of $4.4m boosted by block trade in telecoms giant Econet of 500,000 shares at an improved price of 650c in a trade worth $3.25m leaving only $1.15m as the turnover from normal trades. The resources index dropped -1.11% and closed at 79.26ots on the back of losses in Bindura. There were no trades in the rest of the mining stocks.

African Currencies