Movers & Shakers: January 14, 2013

Botswana: DCI -0.11%, USD 36k

Slow start to the week with value traded amounting to USD 36k while the market closed the day lower with the DCI falling 0.11% to close at 7,514.31. Choppies (208t, +1t) and Sefalana (331t, +1t) were the only names that traded higher while BIHL (1,025t, -5t) and WIL (265t, -15t) were the only counters that closed lower.

Egypt: EGX 30 +0.66%, USD 55m

The market managed to end the day in positive territories lead by notable buying from international institutions, the EGX30 ended the day up 0.66% to close at 5,738.96 points. The market traded notable weak volumes this is mainly attributed to the lack of a catalyst in the market, the market traded a total turnover of USD 55m. The market managed to re-gain yesterday’s losses after international investors continue with their bullish sentiment, this comes after the PM announced Qatar may invest up to USD18 billion in Egypt, adding to this EU offers Egypt EUR5 billion to support economy, democratic transition. It worth mentioning that local investors continue to decrease their exposure in the market on the back fears of the upcoming 25th January revolution anniversary were is expecting clashes to break out. Names such as JUFO notable buying at session open today yet by session the name witnessed selling pressure to end the day up 3.79%, its worth mentioning that the company announced today that they are establishing a new cooling and freezing project in Luxor.

Investor mix:
•  Foreigners were net Buyers by 16.95 mn EGP and were 19.88% of the market.
•  Egyptians were net Sellers by 24.46 mn EGP and were 73.74% of the market.
•  Arabs were net Buyers by 7.51 mn EGP and were 6.38% of the market.
•  Institutions were net Buyers by 4.20 mn EGP and were 30.23% of the market.
•  Retail were net Sellers by 4.20 mn EGP and were 69.76% of the market.

Kenya: NSE 20 +1.47%, USD 3.5m

The bourse started the week on a high note, with the benchmark NSE index registering its largest 1 day gain(+1.47%) this year crossing the 4400 point resistance level to close at 4413.97 points. Equity turnover however fell 38.6% with local investors continuing to dominate trading accounting for 69% of trades. Safaricom (+0.9, KES 5.65) was the day’s top mover accounting for 21% of volumes driven by strong foreign investor demand. Large cap stocks sustained momentum hitting multi year highs during the session. EABL, KCB and ARM witnessed strong demand today gaining 1.7%, 1.5% and 5.4% to touch new highs of KES 299,KES 33.25 and KES 59 respectively. Kengen also sustained its upward momentum touching a new 12 month high of KES 11.10 during the session though it closed at KES 10.80, 6.9% higher than the previous session. On the losing end Mumias eased 1% to KES 4.90 edging closer to its 12 month low of KES 4.40. Following its rally last week, Britam saw mild profit taking slipping 0.8% to KES 6.25.

Mauritius: Semdex +1.26%, USD 2.48m

Rather robust trade in Mauritius today with value traded amounting to USD 2.48m. Foreigners were net sellers in SBM today as the rally in the banking stock continued with 502k shares changing hands and closing at 91.00. MCB's recent rally also continued today as the counter gained 1.70% to close at 179.00 with 101k shares trading over the day thanks to a few decent crosses. There seems to be no end in sight to NMH's rally as the hotel counter rallied 4.58% to close at 68.50.

Nigeria: ASI +0.37%, USD 21.97m

Banking stocks were back on the charge today with the Bank10 Index gaining 1.30% lead higher by the likes of Skye Bank (+8.27%) and Diamond Bank (+6.43%) as local and international institutional investors continue to seek exposure to the banking sector. Consumer stocks were rather dull from a movement point of view with the likes of Guinness (unch) and Nigerian Breweries (-0.86%) ending the day rather flat, interest does however continue in these names with some decent volume going through today thanks to a few crosses. In terms of activity, banking stocks Guaranty Bank, UBA and Zenith lead the way with foreigners relatively active in the counters.

South Africa: Top 40 -0.33%, USD 1.47bn

The JSE ended the day lower with the Top 40 Index falling 0.33% to close at 35,673 while value traded amounted to USD 1.47bn. Industrials were the day's biggest losers while Financials and Resources gained 0.40% and 0.04% respectively. The Rand was trading at 8.72 and 11.63 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE unch, USD 1.03m

There was a substancial increase in activity today thanks to a large cross in Zambeef with value traded amounting to USD 1.03m. The names that traded included CEC, LAFA, PUMA, ZAIN, ZMBF, ZNCO and ZSUG. ZMBF was the biggest contributor towards turnover with value traded in the name amounting to USD 993k. ZSUG was the second biggest contributor towards turnover with value traded in the name amounting to USD 12k.

Zimbabwe: Ind +0.06%, Mining unch, USD 1.73m

The industrial index closed higher for the 8th consecutive day albeit at a slower pace, as the possibility of elections by March looks remote. The index rose a marginal 0.06% to 159.99points riding on gains in DZL, Innscor, OK and CBZ as other big names Hippo, Seedco, Barclays and Old mutual traded unchanged. DZL advanced 10.71% to 23.25c, BAT recovered 11.11% to 400c while Innscor rose 0.26% to 76.2c despite reports that the government has given the conglomerate a 7-day ultimatum to submit indigenization plans. Delta was steady at 108.07c and was the most actively traded stock accounting for 61% of today’s value traded. Econet was steady at 480c as they announce subscriber base now in excess of 8million mark. TPH was 5.26% firmer at 10c ahead of Zimplow EGM tomorrow; ART added 33.33% to 0.4c while CBZ and OK rose 0.99% and 0.65% to 10.2c and 15.6c respectively. The pace of appreciation of prices somewhat slowed on Monday as volumes and value traded dropped 40% and 48% to 8.2m shares and $1.73m respectively. Foreign participation remained skewed on purchases side (94% of value traded) with favorite stocks being Delta, Econet, Hippo and OK. The mining index was unchanged at 72.25 points. BINDURA, FALGOLD and HWANGE recorded no trades while RIOZIM was unchanged at the previous trading level.

African Currencies