Movers & Shakers: February 29, 2012

Botswana: DCI Unch, Vols USD 58k

Another slow day on DCI with only USD 58k worth trading. The Index ended the day unchanged. G4S was the only counter to record movement today, ending the day 3t higher at 618t. Choppies was unchanged at 170t. Letshego and Turnstar also ended the day at previous levels at 140t and 128t respectively.

Egypt: EGX 30 +2.39%, Vols USD 125m

The market ended the day in positive territory on descent volumes, leaving the EGX30 to close up 2.39%, ending the day at 5349.85 points. Market volumes continue to improve, market traded a total turnover of USD 125m , in which more than 20% of volumes were attributed to EMOB and ORTE alone. ORTE and EMOB. ORTE managed to end the day up 6.80% to close at EGP1.57, this came after chatter that the Algerian government and Vimplecom announced that they would announce Algerian government's bid for Djezzy before the end of the quarter. Many believe that the bid would be around the US$3-3.5bn level, which according to our analyst would suggest a fair value of ORTE of approximately EGP5.69 which is another 35% upside from this level.

Investor mix:
•  Foreigners were net Sellers by 16.46 mn EGP and were 24.98% of the market.
•  Egyptians were net Buyers by 0.653 mn EGP and were 68.36% of the market.
•  Arabs were net Buyers by 15.79 mn EGP and were 6.67% of the market.
•  Institutions were net Buyers by 18.16 mn EGP and were 36.32% of the market.
•  Retail were net Sellers by 18.16 mn EGP and were 63.67% of the market.

Kenya: NSE 20 +0.9%, Vols USD 3.9m

The Nairobi bourse was characterized by vibrant trading, with turnover increasing by 124.5% to USD 3.9m. BATK was actively traded in with 313,900 shares trading at an improved average price of KES 325.00 (+3.8%), accounting for 31.5% of turnover. KCB saw 2.4m shares trade at an improved average price of KES 20.70 (+1.2%). KenolKobil edged up to trade at a high of KES 11.80. A total of 1.4m shares were traded at an average of KES 11.60 (+0.4%). On a volume of 1.4m shares, KenGen traded at an average of KES11.60 (+0.7%).

Mauritius: Semdex -0.61%, Vols USD 1m

The market continued to trek southwards with the Semdex and the Sem-7 ending the day 0.61% and 0.53% lower, respectively. Lux Resorts tumbled by 7.8% on 179k shares. Sun gave-up 4.9% to Rs39. NMH lost 2.14% to Rs68.50. MSM traded 6.45 lower at Rs13.10. SBM was down 1.25% at Rs79. MCB was actively traded in with 32,029 shares trading in name at Rs163.

Nigeria: ASI -0.16%, Vols USD 16.75m

The NSE ASI fell 0.16% while value traded amounted to USD 16.75m. Top traded stocks were UBA, N.E.M Insurance, Fidelity Bank, Zenith Bank, GTB, Access Bank, First Bank, Diamond Bank, Ecobank Transnational Incorporated and Dangote Sugar. Top losers of the day were Julius Berger (-4.98%), Union Bank (-4.96%), Ashaka Cement (-4.95%), UAC Properties (-4.94%) and Cadbury (-4.91%). The gainers were led by Flour Mills (5.00%), IBTC (4.97%), Oando (4.96%), Livestock Feeds (4.85%) and Fidson Healthcare (4.82%). In the banking sector, GTB closed down 1.06% at N14.06 and traded 19m units while First Bank also closed down 3.75% at N10.79 while trading 13m units. Zenith Bank closed up 0.98% at N13.33 while trading 29m units. The sector also had crosses of 107m units of UBA, 29m units of Fidelity Bank, 9.7m units of Zenith Bank, 6m units of Access Bank, 6m units of Diamond Bank, 9.9m units of Ecobank Transnational Incorporated and 3.2m units of Unity Bank. In the building materials sector, Cement Company of Northern Nigeria closed down 2.39% at N4.50 and traded 298k units while Ashaka Cement also closed down 4.95% at N9.79 and traded 709k units in total. Dangote Cement closed down 0.10% at N105 and traded 1.12m units. In the food and beverages sector, Nigerian Breweries closed down 0.22% at N91.10 and traded 3.15m units in total while Flour Mills Nigeria Plc closed up 5.00% at N57.75 and traded 671k units. Cadbury closed down 4.91% at N8.33 and traded 662k units in total. There were also crosses of 49.8m units of N.E.M Insurance, 1m units of Fidson Healthcare, 1.7m units of Starcomms and 2.9m units of Unilever.

South Africa: Top 40 +0.20%, Vols USD 1.88bn

The JSE ended the day higher with the Top 40 Index gaining 0.20% to close at 30,546 while value traded amounted to USD 1.88bn. Industrials were the day's biggest gainers with the Index gaining 0.54% followed by Resources which gained 0.11% while Financials fell 0.14%. The Rand was trading at 7.74 and 9.97 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE +0.36%, Vols USD 61k

The market recorded a turnover of USD 61,469. The names that traded included FQMZ, LAFA, ZNCO, CECZ, SCBL, ZSUG, BATZ and INVE. FQMZ was the biggest contributor towards turnover with value traded in the name amounting to USD 45k. LAFA was the second biggest contributor towards turnover with value traded in the name amounting to USD 7k.

Zimbabwe: Industrials -0.68%, Mining Unch, Vols USD 379k

The ZSE continued to see reduced vols, with the market recording turnover of USD 379k today. The Industrial Index ended the day 0.68% lower while the Mining's Index ended at previous levels. Property stock - Pearl was actively traded in with 1,5m shares trading in the name at 3.40c. Old Mutual ended the day 3.99c lower at 171c. Delta was down 2c at 70c. Hippo ended 3c higher at 108c. Seedco edged up 2c to 110c. There were no trades recorded on the Mining's Index.