Movers & Shakers: February 27, 2012

Botswana: DCI Unch, Vols USD 41k

The market ended the day on thin vols with only USD 7k worth crossing the floor today compared to USD 126k yesterday. The DCI edged down 0.18% to 6985.17pts. G4S added on 4t to end the day at 615t while Barclays closed 3t lower at 695t.

Egypt: EGX 30 -0.97%, Vols USD 76m

The market managed to end the day in negative territory, leaving the EGX30 to end the day down 0.97%, to close at 4311.88 points. Volumes continue to be strong compared to resent market volumes, market traded a total turnover of USD 76M. The market witnessed selling pressure in major blue-chips, names such as OCIC and COMI ended the day down 2.67% and 1.47% respectively. PHDC lead the market in terms of volumes, the name ended the day up 1.78% to close at EGP2.29 on volumes if EGP284m shares, this came after rumors arose in the marekt that there is a possible M&A truncation within the sector.

Investor mix:
•  Foreigners were net Sellers by 22.64 mn EGP and were 11.49% of the market.
•  Egyptians were net Buyers by 29.10 mn EGP and were 83.45% of the market.
•  Arabs were net Sellers by 6.45 mn EGP and were 5.05% of the market.
•  Institutions were net Sellers by 36.97 mn EGP and were 22.10% of the market.
•  Retail were net Buyers by 36.97 mn EGP and were 77.89% of the market.

Kenya: NSE 20 +0.3%, Vols USD 1.8m

Turnover on the Nairobi bourse quickened 25.9%, boosted by improved foreign investor participation. KPH eased 1.2% to KES 16.92. EABL edged up 2.8% to KES 185. BAT was unchanged during the session. Safaricom weakened further from last week, easing 1.6% on trading dominated largely by foreign investors (82%). Bamburi climbed 8.5% to KES 140.75 on thin trading. The cement maker announced FY11 profits last week showing strong revenue growth, which however failed to flow into profits primarily due to higher costs.

Mauritius: Semdex -0.11%, Vols USD 937k

The Semdex fell by 0.11% to 1,798.69pts while the Sem-7 ended the day flat at 338.76pts. Turnover on the Semdex was relatively thin with only Rs7m trading today. The Dem witnessed increased activity with Rs20.2m worth exchanging hands today. There was a large exchange on Tropical Paradise accounting for 1.6% of issued capital. 2m shares traded in the name at Rs6.5. Mauritius Leasing lost 9.46% at Rs6.70. Air Mauritius was up 0.83% at Rs12.10. MCB and SBM were unchanged at Rs164 and Rs71.50 respectively.

Nigeria: ASI -0.57%, Vols USD 16.80m

The NSE ASI fell 0.57% while value traded amounted to USD 16.80m. Top traded stocks include UBA, Ecobank Transnational Incorporated, Fidelity Bank, Aso Savings and Loans, Zenith Bank, GTB, Dangote Sugar, First Bank, Access Bank and Transcorp Plc. Top losers of the day were Dangote Flour (-4.99%), Union Bank (-4.99%), BAGCO (-4.76%), Nestle (-4.76%) and Honeywell Flour (-4.74%). The gainers were led by Oando Plc (4.97%), UBA (4.62%), Dangote Sugar (4.53%), Custodian and Allied Insurance (4.40%) and Continental Reinsurance (4.17%). The banking sector index closed down 89bps. UBA closed up 4.62% at N2.49 and traded 122m units while Ecobank Transnational Incorporated closed down 0.91% at N10.90 while trading 50.69m units. Zenith Bank closed down 0.45% at N13.29 while trading 22.92m units. The sector also had crosses of 9.8m units of Zenith Bank, 3.5m units of Access Bank, 30m units of Fidelity Bank, 70m units of UBA, 49m units of Ecobank and 1m units of Skye Bank. In the building materials sector, Cement Company of Northern Nigeria closed flat at N4.60 and traded 53k units while Ashaka Cement closed also closed flat at N10.50 and traded 467k units in total. Dangote Cement closed also flat at N105 and traded 446k units. In the food and beverages sector, Nigerian Breweries closed down 1.93% at N96.10 and traded 1.11m units in total while Nestle also closed down 4.76% at N400 and traded 534k units. Dangote Sugar closed up 4.53% at N3.92 and traded 13.29m units in total. The sector also had a cross of 7.9m units of Dangote Sugar. There were also crosses of 5m units of Chams, 4.8m units of Transcorp, 40m units of Aso Savings & Loans, 2.8m units of Starcomms, 2.9m units of Crusader Insurance, 5.7m units of N.E.M Insurance and 1m units of Oando Plc.

South Africa: Top 40 -1.31%, Vols USD 1.11bn

The market ended the day lower with the Top 40 Index falling 1.31% to close at 30,160 while value traded amounted to USD 1.11bn. Resources were the day's biggest losers with the Index falling 1.96% followed by Financials and Industrials which fell 1.41% and 0.71% respectively. The Rand was trading at 7.60 and 10.20 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE +0.46%, Vols USD 404k

The market recorded a turnover of USD 404,431. The names that traded included AELZ, CECZ, INVE, FQMZ, ZMBF. ZNCO and ZSUG. ZSUG was the biggest contributor towards turnover with value traded in the name amounting to USD 132k. FQMZ was the second biggest contributor towards turnover with value traded in the name amounting to USD 51k.

Zimbabwe: Industrials +0.31%, Mining +2.21%, Vols USD 723k

The Industrial index edged up +0.31% gain to 147.38pts. Driving the market gains was beverages group Delta the market’s biggest stock by market cap that managed to breach the 70c mark for the first time since the turn of the new year notching a +1.57% or 1.1c gain to 71.1c. Steady growth continues to be registered in telecoms giant Econet that added a marginal +0.23% to also register a year to date high of 391c ahead of its year end on 29 February. Hippo added +2.86% to 108c whilst dually listed cement manufacturer PPC rose +3.45% to 270c. Falgold put on +2.44% to 10.25c, which coupled with a better bid in Hwange 31c against a last traded price of 30c to outweighed the -4.55% loss in Bindura driving the mining index up +2.21% at 97.98% in early week trades