Movers & Shakers: February 08, 2012


Botswana: DCI -0.09%, Vols USD 88k

Turnover was down to USD88k from USD1m yesterday. The DCI ended the day 0.09% in the red at 6984.37pts. Stanchart was the only mover of the day, ending 2t in the green at 902t. Barclays was unchanged at 710t on 200t shares. BIHL, Choppies and Engen traded flat at 980t, 180t and 550t respectively.

Egypt: EGX 30 +2.73%, Vols USD 83m

The market witnessed a rally on decent volumes, the EGX30 ended the day up 2.73%, to close at 4709.21 points. Volumes continue to improve significantly, market traded a total turnover of USD 83m. Market managed to rebound from the losses it had incurred over the past couple of days, this came after yesterday's efforts of a ceasefire between protesters and security forces succeeded, adding to this the general boycotting by the major political parties of the scheduled February 11th civil disobedience, called for by political activists, which could be a positive catalyst for the market. Names such as ORTE, EMOB and COMI lead the market in terms of volumes, each ending the day up 8.26%, 7.55% and 8.08% respectively.

Investor mix:
•  Foreigners were net Sellers by 60.76 mn EGP and were 17.40% of the market.
•  Egyptians were net Buyers by 42.28 mn EGP and were 72.51% of the market.
•  Arabs were net Buyers by 18.47 mn EGP and were 10.09% of the market.
•  Institutions were net Sellers by 32.96 mn EGP and were 39.33% of the market.
•  Retail were net Buyers by 32.96 mn EGP and were 60.66% of the market.

Kenya: NSE 20 Unch, Vols USD 3.1m

The NSE was characterised by increased vols with equity turnover increasing by 99.2% to USD 3.1m. Safaricom was the largest mover of the day (47.7% of the total turnover) with a block trade being executed. Foreign investors were net buyers, contributing to 99.7% of the total purchases, while local investors provided 72.6% of the liquidity as they lightened on the stock. A total of 37.0m shares were traded at an average price of KES 3.25 (+1.6%). EABL rose 1.2% as the market received notice of next week’s 1H12 results announcement for the period ending December 2011. Barclays however eased 0.4% ahead of next week’s FY11 results. There was increased supply on Kenya Power from foreign investors at the KES 15.50/ KES 15.55 level. Demand on the counter was however driven by local investors. A total of 2.2m shares were traded at an average of KES 15.50 (-2.5%) .

Mauritius: Semdex +0.24%, Vols USD 4.1m

An active day on the Semdex with turnover closing at USD4.1m. The main highlight of the day was Vivo Energy with 627,613 shares trading at Rs161 on the crossing board. Banking stocks MCB and SBM edged up 0.61% and 0.64% to Rs166 and Rs78.50 respectively. On the hotel front, Lux increased by 0.9% to Rs23.20 on 31k shares. NMH and Sun traded at previous levels.

Nigeria: ASI -0.30%, Vols USD 12.06m

The Nigerian ASI closed fell 0.30% while value traded amounted to USD 12.06m. Top traded stocks were UBA, First Bank, Skye Bank, Diamond Bank, Access Bank, N.E.M Insurance, Livestock Feeds, GTB, Zenith Bank and Goldlink Insurance. Top losers of the day were Nigerian Aviation Handling Company (-4.99%), Dangote Flour (-4.92%), Goldlink Insurance (-4.92%), Diamond Bank (-4.81%) and GT Assurance (-4.76%). The gainers were led by Vitafoam Plc (5.00%), Livestock Feeds Plc (4.94%), Intercontinental Wapic Insurance (4.00%), Access Bank (2.63%) and Oando Plc (2.51%). The banking sector closed down 174bps. First Bank closed down 2.62% at N10.05 and traded 33.40m units while UBA closed down 0.50% at N1.99 trading 325.42m units. Access Bank closed up 2.63% at N5.85 and traded 12.83m units. The sector also had crosses of 310m units of UBA, 10m units of Skye Bank, 14.8m units of Diamond Bank and 9m units of First Bank. n the building materials sector, Cement Company of Northern Nigeria closed down 2.04% at N4.80 and traded 643k units while Lafarge Wapco closed up 0.73% at N45.50 and traded 1.58m units. Dangote Cement closed flat at N116 and traded 28K units in total. n the food and beverages sector, Nigerian Breweries closed flat at N94.09 and traded 389k units while Dangote Sugar closed down 0.21% at N4.79 with 2.93m units traded. Guinness closed flat at N220 trading 128k units. This sector also had a cross of 8.3m units Livestock Feeds. here were also crosses of 10m units N.E.M Insurance, 1.3m units of Lafarge Wapco, 1.2m units of Presco Plc, 4m units of Goldlink Insurance and 2m units of Unilever.

South Africa: Top 40 +0.87%, Vols USD 1.67bn

The JSE ended the day higher with the Top 40 Index gaining 0.87% to close at 30,560 while value traded amounted to USD 1.67bn. Resources were the day's biggest gainers with the Index gaining 0.96% followed by Financials and Industrials which gained 0.58% and 0.55% respectively. The Rand was trading at 7.53 and 10.02 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -0.96%, Vols USD 13k

The market recorded a turnover of USD 13,911. The counters that traded today included AELZ, CECZ, LAFA, PMDZ, PUMA, ZNCO and ZSUG. The biggest contributor towards turnover was ZSUG, 131,702 shares traded at an average price of ZMK 225.01, turnover amounted to USD 5,926. The second biggest contributor towards turnover was AELZ, 7,166 shares traded at an average price of ZMK 4,000, turnover amounted to USD 5,732.

Zimbabwe: Industrials +1.05%, Mining +1.59%, Vols USD 3.8m

Iindustrial index ended the day 1.05% in the green at 141.92pts in a heavy trading session that saw turnover improve 154% to $3.8m. Volumes traded rose to 13.15m buoyed by two special bargain trades in Econet and Delta. Econet saw 370, 000 units crossed at 360c in trades worth $1.3m as foreign investors continue buying into the telecoms giant, while 2.5m units were also crossed in Delta at 70c in trades worth $1.76m. In normal trades Delta was steady at 70c with only 21 945 units exchanged hands and closed net sellers while Econet advanced 5.01c to 370c. Foreign participation was also heavy in Afdis after 1.2m shares were bought at 12c. Foreign participants were net buyers of $1.3m having bought $1.5m against sales worth $169, 485. Fourteen counters traded in the positive led by conglomerate TSL which recovered +14.29% to 8c as Natfoods put on an impressive +11.58% to 106c. Dually listed concern Old Mutual continued on its fine run adding +2.91% or 5c to 175c buoyed by firm global price and has narrowed the discount 28.9%. Firm demand in Seedco saw it close +2.68% or 3c firmer at 115c as parent company AICO added +4.97% to 19c and is still trading under a cautionary. Other notable gainers were Barclays (+4.76%), Colcom (+6.06%), African sun (+9.89%) and Trust (+11.25%). Only four counters traded in the negative Zimplow (-20%), Zimpapers (-12.50%), ART (-10.26%) and TA (-6.25%). An improved bid in gold miner Falgold at 9c saw the mining index rise +1.59% to 83.19pts as Bindura traded unchanged at 2.1c while Rio was steady at 40c with heavy trading taking place after 364,988 units exchanged hands. Rio has generated high interest after announcing that they have accepted new recapitalization proposals that would see them extinguish some of the expensive debt while they restructure the remaining debt to long.

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