Movers & Shakers: February 13, 2012

Botswana: DCI -0.04%, Vols USD 77k

The Gaborone bourse commenced the week flat with the the DCI edging down 0.04% to 6982.25pts while value traded amounted to USD 77k. Barclays led the losers, closing 11t lower at 699t while FSG was down 8t at 132t. Cresta, Sechaba, Stanchart added on 1t each to 81t, 1206t and 903t respectively.

Egypt: EGX 30 +4.22%, Vols USD 117m

The market continues witness rally on strong volumes, the EGX30 ended the day up 4.22%, to close at 5099.36 points. Volumes continue to improve significantly, market traded a total turnover of USD 117m. After the morning announcement that France Telecom and OTMT had signed a MOU for the tender of the majority of OTMT’s EMOB stake at EGP202.5, and after approval from regulatory authorities they will tender for the float at the same price, the entire market witnessed a price run on the back of expectations of liquidity surge on the back of the FT/OTMT/EMOB deal. Local institutions were the major buyer today, this is attributed to local institutions taking refuge in assets ahead of the expected EGP devaluation.

Investor mix:
•  Foreigners were net Sellers by 17.48 mn EGP and were 17.83% of the market.
•  Egyptians were net Buyers by 10.59 mn EGP and were 75.31% of the market.
•  Arabs were net Buyers by 6.88 mn EGP and were 6.68% of the market.
•  Institutions were net Buyers by 49.20 mn EGP and were 33.63% of the market.
•  Retail were net Sellers by 49.20 mn EGP and were 66.36% of the market.

Ghana: Vols USD 57k

Value traded on the Ghanaian Stock Exchange amounted to USD 57k. FML was the biggest contributor towards value traded (72.31%) with the name closing at 2.20 Cedi. BOPP was the secon biggest contributor towards value traded (7.23%). with the counter closing at 1.77 Cedi.

Kenya: NSE 20 -0.10%, Vols USD 4.4m

The NSE witnessed increased activity today with turnover up 255%. Bamburi Cement and Scangroup contributed to 35.9% and 18.3% of the day's turnover respectively. Bamburi lost 3.1% while Scan group was unchanged. Kenya Re increased by 3.5% Mumias Sugar shed 3.1% to KES 4.75. Equity Bank and KCB remained key attractions in the banking sector ahead of FY11 results.

Mauritius: Semdex -0.43%, Vols USD 686k

The market ended the first day of trading on a negative note with the Semdex and the Sem-7 down 0.43% and 0.19% respectively. MCB lost 0.60% at Rs165 on 3,800 shares. SBM traded flat at Rs78.50. Lux was the only mover on the hotel front, closing 2.1% higher at Rs24.50. Innodis saw a cross of 50k shares at Rs40, experiencing a loss of 1.2%.

Nigeria: ASI -0.17%, Vols USD 8.88m

The Nigerian ASI fell 0.17% while value traded amounted to USD 8..88m. Top traded stocks were UBA, FCMB, Zenith Bank, Skye Bank, Custodian & Allied Insurance, Resort Savings & Loans Plc, First Bank, GTB, Diamond Bank and Oando Plc. Top losers of the day were Julius Berger (-4.99%), UBA (-4.97%), Honeywell Flourmills Plc (-4.91%), Dangote Flour (-4.78%) and Livestock Feeds Plc (-4.71%). The gainers were led by Goldlink Insurance (5.00%), AG Leventis Plc (4.32%), Transcorp Plc (4.00%), Cadbury Plc (3.83%) and BAGCO Plc (3.29%). The banking sector index closed down 99bps. Access Bank closed down 1.02% at N5.80 and traded 2.29m units while First Bank also closed down 1.57% at N10.00 trading 7.72m units. GTB closed flat at N13.70 and traded 6.85m units in total. This sector also had crosses of 13m units of Skye Bank, 2.5m units of Diamond Bank, 93m units of UBA, 34m units of FCMB and 15m units of Zenith Bank. In the building materials sector, Cement Company of Northern Nigeria closed flat at N4.51 and traded 37k units while Dangote Cement also closed flat at N116.00 and traded 49k units. Lafarge Wapco also closed flat at N45.50 and traded 85k units in total. In the food and beverages sector, Nigerian breweries closed up 0.66% at N96.03 and traded 1.58m units while Nestle Plc closed flat at N446.65 and traded 280k units. Cadbury closed up 3.83% at N9.50 and traded 337k units in total. There were also crosses of 15m units of Custodian and Allied Insurance, 10m units of Resort Savings and Loans, 1.6m units of UAC Properties, 13m units of Skye Bank, 2.5m units of Diamond Bank, 93m units of UBA, 34m units of FCMB and 15m units of Zenith Bank.

South Africa: Top 40 +1.06%, Vols USD 1.19bn

The JSE followed world markets higher with the Top 40 Index gaining 1.06% to close at 30,530 while value traded amounted to USD 1.19bn. Resources were the day's biggest gainers with the Index gaining 1.46% followed by Financials and Industrials which gained 0.95% and 0.70% respectively. The Rand was trading at 7.70 and 10.17 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE unch, Vols USD 500

The market recorded 4 trades in CEC,SCZ and ZANACO yielding a total turnover of USD 500. The index remained at 3,713.57 points as there were no price movements. Stanchat traded 2,628 shares traded at k85 - turnover approx. USD 43. ZANACO 1,762 shares traded at K1,000 - turnover was approx USD 339.

Zimbabwe: Industrials +0.20%, Mining +5.81%, Vols USD 8.1m

The market recorded a special bargain of 42,798,497 Afre shares at 18.42c (516% premium to market price) being a consummation of agreements announced by the RMB curator last week. The deal worth $7.9m boosted turnover to $8.138m in an otherwise thin trading session in which total turnover in normal trades declined to $254,380. AFRE added +11.11% to 3c in normal trades albeit on thin trades. The Industrial index edged up +0.20% to 143.46pts while the mining index put an impressive 5.81% gains to 88.02pts. CFI continued to be boosted by recapitalization prospects advanced +16.28% or 0.98c to 7c, DZL was +5.26% or 1c to 20c, Pearl put on +1.56% to 3.25c while CAFCA rose +20% to 60c. Border and Mash were the only two counters to record losses easing +6.67% and 0.37% to 14c and 2.7c respectively. Buoyant demand in mining giant Rio saw it close +25% firm at 50c.