Movers & Shakers: February 19, 2013

Botswana: DCI +0.17%, USD 431k

Some Choppies action today the main focus in Gaborone with the name eventually closing at 235t. BIHL also saw some trading with the name eventually settling at 1045t. Only scraps traded in the rest of the names.

Egypt: EGX 30 +0.65%, USD 123m

he market ended the day in negative territory lead by notable selling form international institutions leaving the EGX30 to end the day down 1.19% to close at 5,623.09 points. Market volumes improved yet remain weak relative to average turnovers, the market traded a total turnover of USD 65m. International institutions managed to pick up their bearish sentiment again today after being net-buyers yesterday, this is mainly attributed to increased political and economic instability after a Egyptian Court rejected the election law which will lead the government to delay the parliament election hence adding more uncertainty towards the recovery road ahead of Egypt. Names such as HRHO, CCAP and COMI witnessed notable selling pressure, each ending the day down 2.67%, 2.51% and 2.41% respectively.

Investor mix:
•  Foreigners were net Sellers by 14.15 mn EGP and were 25.69% of the market.
•  Egyptians were net Seller by 0.347 mn EGP and were 68.70% of the market.
•  Arabs were net Buyers by 14.49 mn EGP and were 5.62% of the market.
•  Institutions were net Sellers by 7.98 mn EGP and were 32.86% of the market.
•  Retail were net Buyers by 7.98 mn EGP and were 67.13% of the market.

Kenya: NSE 20 -0.50%, USD 8.9m

The equities market continued to witness profit taking with the NSE 20 index shaving off 0.50% to close at 4,551.06 points. Equity turnover remained broadly flat with local investors dominating trading accounting for 58% of volumes. EABL led the top movers list accounting for 39% of trades, with local investors providing most of the supply and foreign investors most of the demand. The counter continued to ease, pulling back 3.5% to KES 277 following weak 1H13 results released last week. KCB was also fairly actively traded today, though it witnessed profit taking easing 1.3% to KES 36.75. Other counters that were down on profit taking included Access Kenya (-4.3%, KES 6.60), Kenya Power (-3.5%, KES 18)and Kengen (-3.3%, KES 11.75). On the other hand Safaricom was the top gainer climbing 1.8% to KES 5.65, on strong foreign investor demand. Housing Finance released it FY12 performance figures posting a 6.99% drop in PBT. PAT was however up 1 9% y/y helped jump in deferred taxes. The Mortgage financier declared a KES 1.40 final dividend 17% higher the previous year. The counter remained unchanged today at KES 20.

Mauritius: Semdex +0.18%, USD 1.4m

The major banks both outperformed today with MCB and SBM closing up 56bps and 1.01% at Rs181 and Rs100 respectively. In the rest of the Sem-7, NMH and Alteo fell by 2.03% and 57bps respectively while Terra gained 26bps and Bramer Banking rose by 1.43%. Almost all the turnover was in MCB, SBM and NMH.

Nigeria: ASI +0.25%, USD 22.84m

A slightly quieter day in Lagos. The BNK10 closed up 51bps, most the names showing modest gains although Stanbic (-4.8%, N14.28) bucked this trend. Some very aggressive buying in Nestle meant the name rose by a crazy 5.8% to N910 on big volumes. This dragged Cadbury higher (+4.5%, N39.21) while NB (-1.22%, N162), Guinness (-3.11%, N280) and Dangsuga (-3.41%, N8.50) fell lower. Ashaka Cement was another strong name as the counter gained 5.21% on low volume though.

South Africa: Top 40 +0.65%, USD 1.29bn

The JSE ended the day higher with the Top 40 Index gaining 0.65% to close at 36,328 while value traded amounted to USD 1.29bn. Industrials were the day's biggest gainers with the Index gaining 0.70% followed by Financials and Resources which gained 0.59% and 0.55% respectively. The Rand was trading at 8.89 and 11.87 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE +0.60%, USD 248k

Much better day in Lusaka in terms of activity with value traded amountig to USD 248k thanks to a cross in ZNCO. The names that traded included CEC, ZMBF, ZAMEFA and ZNCO. ZNCO was the biggest contributor towards turnover with value traded in the name amounting to USD 226k. ZMBF was the second biggest contributor towards turnover with value traded in the name amounting to USD 17k.

Zimbabwe: Inudsutrials +0.88%, Mining -1.48%, USD $610k

The ZSE saw a rebound posting a +0.88% gain for the day to 182.75pts in a light session that saw the value of trades slump -46.8% to $610,347. Likewise the volume of trades dropped 16.13% to 6,034,986 units on a total of just 17 active stocks. Innscor on a rebound to 90c recorded the highest value of trades at $173,098 while Truworths was a surprise feature amongst the top traded stocks for the day after $117,812 worth of trades were registered in the clothing retailer. Leading the ten risers for the day was agro industrial concern AICO putting on +12.5% to 9c while Innscor recovered from yesterday’s sell off to add 5.88% and closed the day trading at 90c. The mining index came off -1.48% to 81.28pts despite there being no trades in the constituent stocks however Hwange was offered lower at 18c than its last trading price of 19c.

African Currencies