Movers & Shakers: February 06, 2012

Botswana: DCI -0.02%, Vols USD 164k

The DCI ended the first day of trading 0.02% lower at 6969.32pts on turnover of USD164k. Vols were dominated by Sefalana which saw 200,000 exchange hands at 280t, accounting for 48% of the day's turnover. Letshego traded flat at 140, on 176,294 shares. Sechaba was unchanged at 1205t. Barclays only saw 1,556 shares trade in the name at 690t.

Egypt: EGX -1%, Vols USD 56m

The market ended the day in the red with the EGX30 down 1.00% at 4538.65 points. Market volumes were weak compared to recent market volumes, market traded a total turnover of EGP340m. Market continued its correction especially after this weekend's violent clashes between protesters and security forces around the Ministry of Interior. However, the market showed some resilience after many investors expected a significant weakness in the market. More interestingly was the fact that the buying was mainly from local retail who have been relatively bearish over the past couple of weeks. Currently, the Parliament is discussing the issue and attempting to come to a resolution to end the clashes.

•  Foreigners were net Sellers by 1.212 mn EGP and were 23.88 of the market.
•  Egyptians were net Buyers by 21.66 mn EGP and were 68.27% of the market.
•  Arabs were net Sellers by 20.45 mn EGP and were 7.85% of the market.
•  Institutions were net Sellers by 8.59 mn EGP and were 42.13% of the market.
•  Retail were net Buyers by 8.59 mn EGP and were 57.86% of the market.

Kenya: NSE 20 -0.90%, Vols USD 1.8m

Turnover on the NSE increased by an impressive 293% on the back of improved foreign investor participation. Safaricom accounted for 52.6% of the market. KCB and Equity banks also saw active trading with foreign investors. KenolKobil saw active foreign interest after the company said it would appeal a High Court decision seeking to set aside a settlement awarded to it in an arbitration dispute with the Kenya Pipeline Company. Sasini was the leading loser after it closed its books for a KES 0.50 final dividend. While the share price should have traded 4% lower after going ex-div, the share price declined 18.4%. Mumias Sugar rose 1% after the miller posted a marginal increase in net profits for 1H12, with investors appearing confident about a better 2H12 performance.

Mauritius: Semdex -0.21%, Vols USD 914k

Market commenced the week on a negative note with the Semdex and Sem-7 down 0.21% and 0.15% respectively. MCB ended the day 0.60% at Rs165 while SBM was unchanged at Rs78. Lux Resorts lost 2.1% to Rs23. Sun was unchanged at Rs42. Omincare saw crosses of 31k and 9.5k shares at Rs70. The Dem lost 0.3% to 148.52pts.

Nigeria: Closed today

Market closed today.

South Africa: Top 40 -0.72%, Vols USD 1.5bn

The JSE ended the day weaker, tracking the European markets ahead of Greek bailout talks. The Top 40 lost 0.72%, All share ended 0.61%, Resources edged down 0.03% while Financials closed 1.14% in the red. Gold was down 0.60% at 1716.80. The rand lost 0.40% to the dollar at 7.57.

Zambia: LuSE -0.14%, Vols USD 7k

A slow start to the week in Lusaka with only USD7k worth exchanging hands today. Zsug ended 0.40% lower at Zmk250. ZABR was down 3.96% to Zmk2400. SCBL lost 3.19% to Zmk85.10. INVE and CECZ went against the general trend, closing 0.52% and 0.15% higher at Zmk 19.40 and ZMK 668.

Zimbabwe: Industrials +0.40%, Mining -1.71%, Vols USD 1.446m

The industrial index continued on a recovery path advancing +0.40% to 140.27pts in week opening trades as foreign investors provide much needed liquidity. Value traded improved 15% to $1.446m. Econet was actively traded in with 288,036 shares trading in the name at 370c. DZL (+7.56%), Meikles (+6.25%), AICO (5.76%) and Colcom (+2.80%). Fast foods giant Innscor added +0.56% to 56.5c. CBZ added +0.56% to 9.05c while Old Mutual was +0.61% firmer at 166.01c. losses were seen in Celsys (-25%), ZPI (-0.81%) and PGI (-9.09%). The mining index, the more volatile of the two official indices, lost -1.71% to 81.24pts after Hwange reversed Friday gains dropping -3.45% to28c. Rio was bid lower at 35c while sellers were offering 45c with no consensus.