Movers & Shakers: February 03, 2012

Botswana: DCI -0.04%, Vols USD 129k

The market ended the week flat on vols of USD 129k. 61% of the day's turnover was accounted for by Sefalana which saw 205,275 shares trade in name at 280t. ABCH ended the day 5t higher at 460t. Choppies was unchanged at 180t. All other counters to trade ended at previous levels.

Egypt: Closed today

Kenya: NSE 20 -0.60%, Vols USD 500k

The Nairobi was characterised by thin vols today, with only USD 500k worth exchanging hands today. Foreign investor participation fell to 13.8% from 69.4% in the previous session. There was persistent demand on KCB Bank albeit thin supply coming through on the counter. 350,100 shares were traded at an average price of KES 19.10 (-0.8%). Barclays Bank accounted for 16.3% with 511,400 shares crossing the floor - 0.4% lower at KES 12.35. Safaricom remained stable at an average price of KES 3.20 on a volume of 797,600 shares.

Mauritius: Semdex +0.08%, Vols USD 728k

The Semdex edged up 0.08% to 1,832.78pts while the Sem-7 increased by 0.09% to 342.36pts. MCB and SBM traded unchanged at Rs166 and Rs78 respectively. Lux Resorts rose by 3.5% to Rs23.50. Air Mauritius lost 1.5% to close at Rs13.60 on 39,100 shares. Terra witnessed crosses of 100k and 10k shares at Rs38.50. The Demex ended 0.3% in the red to reach 148.88pts.

Nigeria: ASI +0.17%, Vols USD 15.76m

The Nigerian ASI closed up 17bps and traded a total value of $15.76m. Top traded stocks were UBA, First Bank, Access Bank, Fidelity Bank, Skye Bank, Transcorp, Presco Plc, GTB, Julius Berger and International Breweries. Top losers of the day were Cadbury (-4.99%), MRS Oil (-4.98%), Custodian and Allied Insurance (-4.95%), John Holt (-4.92%) and University Press Plc (-4.92%). The gainers were led by Oando (4.91%), Julius Berger (4.85%), AG Leventis (4.51%), Cutix Plc (4.48%) and GTB (3.90%). The banking sector index closed up 110bps. First Bank closed up 0.19% at N10.51 and traded 26.18m units while UBA also closed up 0.50% at N2.00 trading 224.90m units. Fidelity Bank closed up 1.30% at N1.56 and traded 15m units. The sector also had crosses of 10m units of Access Bank, 3.8m units of First Bank, 2.4m units of Skye Bank, 208.29m units of UBA and 3m units of Fidelity Bank. In the building materials sector, Cement Company of Northern Nigeria closed up 3.16% at N4.90 and traded 312k units while Lafarge Wapco closed flat at N45.17 and traded 88k units. Dangote Cement closed flat at N115.96 and traded 684K units in total. In the food and beverages sector, Nigerian Breweries closed down 0.34% at N94.01 and traded 3.98m units while Dangote Sugar closed down 4.00% at N4.80 with 3.76m units traded. Guinness closed flat at N220.00 trading 804k units. The sector also had crosses of 2.8m units of Nigerian Breweries and 6.9m units of International Breweries. There were also crosses of 3.4m units of DN Tyre&Rubber Plc, 2.8m units of Lasaco Assurance, 1m units of N.E.M Insurance, 5.5m units of Goldlink Insurance, 7.9m units of Presco Plc, 4.5m units of Transcorp and 7m units of Berger Paints Plc. Market participation may have been split 70% - 30% between foreign and local investors respectively.

South Africa: Top 40 -0.15%, Vols USD 1.9bn

The JSE ended the day in negative territory. The Top 40 lost 0.15% to end at 30,528.24pts while the All Share closed 0.08% lower at 34, 344.77pts. Turnover stood at USD 1.9bn compared to USD2.5bn yesterday. The rand strengthened against the green back at 7.5759.

Zambia: LuSE -0.14%, Vols USD 59K

Lusaka ended the day in the red with the LuSE down 0.14% to 3859.07pts. Turnover stood at ZMK298,675,667 equivalent to approximately US$59,735.13. The highest turnover was recorded by CECZ which traded 359,407 shares at average of ZMK677.20. ZSUG lost 0.40% to ZMK251 from ZMK252. PUMA gave-up 0.42% d to ZMK946. PMDZ was down 1.33% to ZMK666. CECZ ended 0.15% lower at ZMK667.

Zimbabwe: Industrials +0.13%, Mining +7.32%, Vols USD 1.252m

The industrial index advanced +0.13% to 139.71pts spurred by gains in Innscor (+0.20%), PPC (+0.96%), Larfage (+8.33%) and Truworths (+3.33%). TN added +11.11% to 3.9c on reports confirming that TN purchased a controlling stake of 56% in furniture group Pelhams. AICO was firm buyers at 17c and offered at 19.50c Ariston which is also trading under a cautionary statement was bid at 1.3c with no offers in sight. Four counters traded in the red as NTS lost -10% to 2.70c, Meikles dropped -5.88% to 16c while Phoenix lost -2.78% to 1.75c after releasing financial results for year ended 31 October 2011 in which they reported a 25% drop in PAT to $148,000 despite a 43% growth in revenue to $11.6m. Most heavy cap counter traded unchanged with Econet steady at 370c, Delta at 69c, Seedco at 112c, CBZ at 9c while ABC was -0.04% softer at 74.97c. Heavy foreign participation on both buy and sell side saw turnover improve to $1.252m from yesterday’s $1.188m despite a drop in volumes traded to 4.9m shares. Econet and Delta took the pole position for the second time as foreign investors’ favorites accounting for 39% and 17% of turnover respectively. Total foreign participation improved to 68% ($855,674) and 50.4% ($631,269) on the buyside and sale side respectively as they closed net buyers by $224,269. The mining index put on an impressive +7.32% to 82.65pts buoyed by gain in Hwange and Rio. Hwange recovered +7.41% to 29c albeit on thin trades while Rio put on 14.29% on reports that Old Mutual together with a consortium of local and European investors are set to inject $35m to recapitalize the group. This comes after Rio issued a press statement yesterday advising shareholders that they have accepted a recapitalization plan agreeable to major shareholders.