Movers & Shakers: February 28, 2012

Botswana: DCI -0.06%, Vols USD 25k

The market continued trading thins with only USD 25k crossing the floor today. Barclays dominated the vols with 10,087 shares trading in the name at 696t, accounting for 38% of the day's turnover. Choppies, the only mover of the day ended 5t lower at 170t. BIHL ended the day flat at 980t. Cresta and G4S were unchanged at 91t and 615t respectively.

Egypt: EGX 30 +0.12%, Vols USD 101m

he market managed to end the day slightly higher on weaker volumes, leaving the EGX30 to end the day up 0.12% to close at 5224.89 points. Volumes were weaker then recent average volumes, the market traded a total turnover of USD 101m. Volatility continued throughout the day today in Egyptian blue-chips as institutional investors (local) continue to book profits after market managed to rally 44% YTD and with political and economic uncertainty still looming, yet international investors were net buyers along with GCC investors. The real-estate sector witnessed selling pressure this came after PHDC denied the rumors regarding possible talks about M&A truncation, PHDC ended the day down 0.87%, to close at EGP2.27.

Investor mix:
•  Foreigners were net Buyers by 12.41 mn EGP and were 11.68% of the market.
•  Egyptians were net Sellers by 47.85 mn EGP and were 80.93% of the market.
•  Arabs were net Buyers by 35.44 mn EGP and were 7.39% of the market.
•  Institutions were net Sellers by 20.11 mn EGP and were 23.15% of the market.
•  Retail were net Buyers by 20.11 mn EGP and were 76.84% of the market.

Ghana: Vols USD 71k

Value traded on the Ghanaian Stock Exchange amounted to USD 71k. SCB was the biggest contributor towards value traded (49.37%) with the name closing at 49.99. AADS was the second biggest contributor towards value traded (12.18%) with the counter closing at 0.51.

Kenya: NSE 20 +0.5%, Vols USD 1.7m

The NSE 20 share index added 0.5% to close at 3,275.87. There were 26 stocks advancing against 10 stocks declining. Equity Bank came under a bit of pressure as foreign investors were on the selling side. KPH edged down 2.7% to KES 16.70. Bamburi notched up 10% despite foreign investors selling down their positions in the cement maker. BAT continued inching higher on good appetite from across most investors, keen on picking up a good dividend yield. KenolKobil added 3.6% to KES 11.60 while KenGen was unchanged.

Mauritius: Semdex -0.80%, Vols USD 948k

The market ended day in the south with the Semdex down 0.80% while the Sem-7 edged down 1.10%. Banking stocks were not spared, MCB was down 0.61% at Rs163 while SBM fell by 1.23% at Rs80. On the hotel front, NMH ended 2.10% lower at Rs70, Lux Island decreased by 1.4% to Rs21.90. Sun Resorts dropped by 1.2% to Rs41. Rogers gave-up 5% to Rs304.

Nigeria: ASI -1.38%, Vols USD 16.78m

The NSE ASI fell 1.38% while value traded amounted to USD 16.78m. Top traded stocks were UBA, Ecobank Transnational Incorporated, Access Bank, N.E.M Insurance, Fidelity Bank, GTB, Zenith Bank, Diamond Bank, First Bank and Dangote Sugar. Top losers of the day were First Bank (-5.00%), Glaxo Smithkline (-5.00%), PZ Cussons (-5.00%), Conoil (-4.99%) and Nigerian Breweries (-4.99%). The gainers were led by Oando (4.97%), Cutix Plc (4.55%), Livestock Feeds (4.04%), UBA (4.02%) and AIICO Insurance (4.00%). The banking sector index closed down 140bps. First Bank closed down 5.00% at N11.21 and traded 11.75m units while GTB closed up 0.42% at N14.21 while trading 21.71m units. Zenith Bank closed down 0.68% at N13.20 while trading 20.75m units. The sector also had crosses of 52m units of UBA, 44m units of Ecobank Transnational Incorporated, 23m units of Access Bank, 20m units of Fidelity Bank, 4m units of GTB, 10.7m units of Zenith Bank, 8.7m units of Diamond Bank, 1.9m units of First bank, 5.2m units of Unity Bank and 2.4m units of Sterling Bank. In the building materials sector, Cement Company of Northern Nigeria closed up 0.22% at N4.61 and traded 263k units while Ashaka Cement closed down 1.90% at N10.30 and traded 1.29m units in total. Lafarge Wapco also closed down 2.33% at N39.85 and traded 783k units. In the food and beverages sector, Nigerian Breweries closed down 4.99% at N91.30 and traded 1.08m units in total while Dangote Flour closed up 0.50% at N4.02 and traded 1.11m units. Dangote Sugar closed down 3.06% at N3.80 and traded 9.19m units in total. The sector also had a cross of 7m units of Dangote Sugar. There were also crosses of 2m units of LASACO Insurance, 1m units of ABC Transport, 1.6m units of AIICO Insurance, 34.6m units of N.E.M Insurance and 1.5m units of Fidson Healthcare.

South Africa: Top 40 +1.07%, Vols USD 1.33bn

The JSE ended the day higher with the Top 40 Index gaining 1.07% to close at 30,484 while value traded amounted to USD 1.33bn. Financials were the day's biggest gainers with the Index gaining 1.15% followed by Resources and Industrials which gained 0.87% and 0.79% respectively. The Rand was trading at 7.54 and 10.12 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -0.41%, Vols USD 512k

The market recorded a turnover of USD 512,962. The names that traded included BATZ, CECZ, LAFA, SCBL, ZABR, ZMBF, ZNCO and ZSUG. ZABR was the biggest contributor towards turnover with value traded in the name amounting to USD 500,000. SCBL was the second biggest contributor towards turnover with value traded in the name amounting to USD 3,952.

Zimbabwe: Industrials -0.24%, Mining +4.6%, Vols USD 480k

Widespread losses across the board saw the industrial index slide -0.24% to 147.03pts as thin trading persists. RTG was the worst performer ending the day -25% at 1.5c. CBZ and ZBFH lost -6.38% and -12.50% to 7.49c and 14c respectively while FBC and Barclays topped the risers putting +3.23% and +4.65% to 6.4c and 4.5c respectively. Other notable fallers were Innscor (-1.49%), TA (-3.70%), Hippo (-2.78%) Colcom (-5.71%) and DZL (-1.58%). Profit taking in Natfoods and OK which enjoyed buoyant demand over the past few weeks, saw the two lose -1.67% and -1.74% to 118c and 11.3c and closed net sellers. A 4.6% loss in Falgold weighed down the mining index which slipped -2.64% to 95.39pts. Trades were thin in the resources sector as only 1897 units exchanged in Bindura, Falgold and Hwange while Rio recorded no trades and closed offers at 62c.