Movers & Shakers: January 22, 2013

Botswana: DCI +0.01%, USD 61k

Things slowed down drastically today with value traded amounting to a rather dissapointing USD 61k while the market closed slightly higher with the DCI gaining 0.01%. Letshego was once again the most active name while G4S (585t, +5t) was the only counter that had some price movement on the day.

Egypt: EGX 30 +0.70%, USD 57m

The market managed to end the day in positive territory lead by notable buying from international institutions, the EGX30 ended the day up 0.70% to close at 5,680.39 points. Market continues to trade slightly lower volumes than recent market turnover, the market traded at total turnover of USD 57m. International institution and GCC institutions investors managed to continue with its bullish sentiment benefiting from the recent price run targeting names such as JUFO, HRHO and ESRS each ending the day up 3.52%, 1.43% and 3.13% respectively, yet local investors continued to decrease their exposure in the market , this is mainly attributed to growing fears ahead the 25th of January revolution anniversary as many fear clashes to erupt. COMI NSGB and OCIC were the only names that ended the day in reds in the EGX30, each ending the day down 0.32%, 0.30% and 0.23% respectively.

Investor mix:
•  Foreigners were net Buyers by 28.53 mn EGP and were 26.68% of the market.
•  Egyptians were net Sellers by 26.53 mn EGP and were 66.90% of the market.
•  Arabs were net Sellers by 2.00 mn EGP and were 6.42% of the market.
•  Institutions were net Buyers by 33.81 mn EGP and were 46.52% of the market.
•  Retail were net Sellers by 33.81 mn EGP and were 53.47% of the market.

Kenya: NSE 20 -0.22%, USD 5.4m

Equity turnover climbed 11% in today’s session with foreign investor participation falling to 49% compared to 58% of trades in the previous session. The NSE 20 index continued to weaken easing 0.22% to close at 4461.31 points due to extended profit taking on some counters. KCB (+0.8%) was the day top mover accounting for 19.3% of volumes, driven by foreign investor buying. Of the top movers, Equity bank(+2%) and NIC Bank (+3.5%) witnessed meaningful gains while Safaricom (-1.7%) KenolKobil (-0.7%) and BAT (-1.9%) were on the losing end. Power producer Kengen continued to witness selling pressure pushing the price 1.87% lower to KES 13.10 while on the other hand power distributor Kenya power saw sustained momentum edging up 1.1% to KES 17.90. Other top gainers and losers were on thin volumes.

Mauritius: Semdex +0.22%, USD 1.4m

The Port Louis bourse recovered some of the previous day’s losses, inching up 22bps while the Sem-7 rose by 18bps. MCB touched a low of Rs178 yet closed unchanged at Rs179 while gains in SBM (+0.55%, Rs91.50) and Terra (+2.31%, Rs39.90) offset the losses in Alteo (-87bps, Rs34.00) and Bramer (-67bps, Rs7.40). Air Mauritius continues to be favoured by the buyers and closed up 1.69% at Rs12.00.

Nigeria: ASI +0.46%, USD 25.64m

A number of block trades again boosting turnover in Lagos while the ASI tracked higher for the session. Profit taking once again evident in the banks (BNK10 -1.55%) on good volumes. All banks closed in the red except for modest gains in FBNH, Stanbic and ETI. FBNH was extremely active with more than USD4.4mill changing hands, eventually closing up 78bps at N18.14. Consumer names were also extremely active, local selling across a number of the names lending itself to block trading. NB, Unilever and Nestle all saw good volume trading while the names were all little changed on the day. Ashaka Cement took a hiding, closing down 9.87% at N20.00.

South Africa: Top 40 -0.22%, USD 1.35bn

The JSE ended the day lower with the Top 40 Index falling 0.22% to close at 35,487 while value traded amounted to USD 1.35bn. Financials were the day's biggest losers with the Index falling 0.32% followed by Resources and Industrials which fell 0.30% and 0.12% respectively. The Rand was trading at 8.85 and 11.78 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE +0.46%, USD 2.6k

Very dull day with value traded amounting to a paltry USD 2.6k. The names that traded included AELZ, CEC, ZMBF and ZNCO. ZMBF was the biggest contributor towards turnover with value traded in the name amounting to USD 1.6k. ZNCO was the second biggest contributor towards turnover with value traded in the name amounting to USD 770.

Zimbabwe: Ind +0.64%, Mining +2.34%, USD 1.52m

The industrial index rebound 0.64% or 1.06points to close at 166.44 points supported by gains in big names in a thick trading session. Market breadth was good as risers outpaced losers by 9 to 3. Volumes traded improved 251% to 10m shares with turnover improving fivefold to $1.52m spurred by trades in Delta, Econet, AICO, and Pearl. Foreign interest remain the mainstay of the equities market as foreign purchases at $1.259m accounted for 83% of value traded while sales were limited to $0.273m. Agro-concern AICO, rose 5.56% to 9.5c while subsidiary group Seedco put on 3.90% to 80c respectively. AICO is expected to announce more details concerning its unbundling plans anytime after management gave an indicative timeline up to the end of this month. The largest stock by market cap Delta was 0.62% higher at 115.01c taking its market cap to a colossal $1.4billion. Dually listed concern, Old Mutual rose 2.36% to 174.01c. BAT and INNSCOR were a cent firmer to close at 421 cents and 80 cents respectively albeit on thin volumes. The mining index was however 1.77 points (2.34%) firmer at 77.36 points after Bindura was bid higher at 2.20 cents. HWANGE and RIOZIM were recorded no trades.

African Currencies