Movers & Shakers: February 17, 2013

Botswana: DCI +0.06%, USD 214k

Some action in BIHL livening up another dull session. Scraps traded across myriad other names but nothing of note outside of the BIHL. The market however managed to close in positive territory with the DCI gaining 0.06%.

Egypt: EGX -0.08%, USD 52m

The market traded with a mixed sentiment today to end the day in negative territory, leaving the EGX30 to end the day down 0.08% to close 5,690.78 points. The market continues to trade weak volumes compared to recent average turnover, the market traded a total turnover of USD 52m, its worth mentioning that more than 6% of total turnover was attributed to crosses in NSGB and JUFO. The market started the day with a positive sentiment to reach a high of 5,727.89 points with local retail as notable buyers in the market, yet after 30min local retail investors turned to be sellers pursuing the market to trade in the reds, targeting names such as ESRS, ACGC and HRHO each ending the day down 1.48%, 2.10% and 1.36% respectively. It’s worth mentioning that international investors ended the day as net buyers after being net sellers over the last couple of sessions.

Investor mix:
•  Foreigners were net Buyers by 9.48 mn EGP and were 18.55% of the market.
•  Egyptians were net Sellers by 3.56 mn EGP and were 76.79% of the market.
•  Arabs were net Sellers by 5.91 mn EGP and were 4.66% of the market.
•  Institutions were net Buyers by 13.22 mn EGP and were 26.79% of the market.
•  Retail were net Sellers by 13.22 mn EGP and were 73.20% of the market.

Kenya: NSE 20 -0.89%, USD 8.4m

The benchmark NSE 20 Share index extended its losses easing 0.89% with 12 of the counters traded gaining, 23 declining and the rest remained unchanged. Equity turnover jumped 128% with both local and foreign investors accounting equally for the days volumes. KCB was the day’s top mover accounting for 27% of trades, with foreign investors being net buyers on the counter. Despite strong foreign investor demand EABL extended its losses from last week slipping further 2.7% to close at KES 287. Nation Media witnessed profit taking today easing 1.1% to KES 263. EAPC led the top gainers list though on thin volumes, climbing 6.2% to KES 47. Access Kenya sustained its upward momentum further gaining 3% to touch a new 12 month high of KES 6.90.

Mauritius: Semdex +0.04%, USD 2.1m

A large fall in NMH (-4.52%, Rs74) as well as small drops in Alteo and Terra were offset by a solid gain in SBM. SBM gained 2.06% to close at Rs99 while MCB closed unchanged at Rs180. Air Mauritius continues to run higher closing up 2.1% at rs14.60.

Nigeria: ASI -0.02%, USD 25.97m

Despite the US holiday the Lagos bourse was rather active with almost $26m changing hands while the index fell marginally into the red. As always, the banks see the most activity with GTB, FBNH and Access particularly active. The BNK10 closed up 47bps, led higher by UBA (+1.43%, N7.80), Fidelity (+5.31%, N3.37) and Skye (+1.79%, N6.24). The consumers also encountered chunky activity with Dangsuga, Nestle and NB all seeing good flow. Dangsuga closed up 4.64% at N8.80 while Nestle closed up 2.97% at N860.

South Africa: Top 40 -0.41%, USD 1.30bn

The JSE ended the day lower with the Top 40 Index falling 0.41% to close at 36,093 while value traded amounted to USD 1.30bn. Resources were the day's biggest losers with the Index falling 1.45% followed by Industrials which fell 0.24% while Financials gained 0.32%. The Rand was trading at 8.88 and 11.87 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE +0.68%, USD 14k

Very quiet start to the week in Lusaka with value traded amounting to USD 14k. The names that traded included BATA, CEC, FQMZ, SCBL and ZNCO. FQMZ was the biggest contributor towards turnover with value traded in the name amounting to USD 6.8k. CEC was the second biggest contributor towards turnover with value traded in the name amounting to USD 6.7k.

Zimbabwe: Inudsutrials -0.44%, Mining +6.55%, USD 1.15m

Further profit taking in fast foods giant, Innscor dragged the industrials lower in week opening trades as YOY January inflation declines to 2.51%. The mainstream, industrial index lost 0.44% to 181.15points after the ZFN top ten index dropped 0.90%. Investment holdings group TA, was the worst performing stock after losing 30% to 7c albeit in light trades while Innscor lost 7.61% or 7c to 85c. Agro-concern Ariston eased 4.55% to 1.05c despite a trade update last Friday indicating that 4month revenue to January rose 26% to $5m as investors fear possible disruptions to farms due to ongoing land redistribution. Mitigating the losses were marginal gains in big names Old Mutual and Econet which rose 0.01c apiece to 187c and 650.01c respectively. Trading activity was generally thin with only 18 of the 78 listed companies recording trades. Value traded declined 47% to $1.15m with 84% ($0.97m) being foreign purchases. Foreign sales stood at $0.76 2m. Volumes traded however improved 46% to 7.2m with the 70% of volumes invested in property group Pearl. The mining index gained 5.07 points (6.55%) to close at 82.50 points after renewed interest in RIOZIM pushed the price 25% to 50c. Gold miner, FALGOLD also rose 6.25% to 17c. HWANGE and Bindura however traded in the negative losing 2.56% and 3.33% to 19c and 2.9c respectively.

African Currencies