Movers & Shakers: January 10, 2012

Botswana: DCI -0.01%, Vols USD 75k

The market closed the day lower with the DCI falling 0.01% to close at 6,965.67 while value traded amounted to USD 75k. There were no names that traded higher on the day while Letshego (152t, -1t) was the only counter to close lower.

BRVM: BRVM Composite -0.51%, BRVM 10 -0.69%, Vols USD 751k

The market closed the day lower with the BRVM Composite falling 0.51% to close at 141.69 while the BRVM 10 fell 0.69% to close at 162.77. Value traded amounted to USD 751k. CFAO was the day's biggest gainer, rallying 3.13% to close at XOF 16,500. SOGB was the day's biggest loser falling 7.14% to close at XOF 52,000

Egypt: EGX 30 +2.36%, Vols USD 42m

The market witnessed a rally today on descent volumes, leaving the EGX30 to end the day up +2.36% to close at the 3735.64 points level. Market Volumes has improved, market traded a total turnover of USD 42m. Market volume continued to recover with approximately EGP251mn traded in today's session buoyed by local and international institutional investors who dominated the trading volume for the first time this year. Many investors have started increasing their exposure to the Egyptian market especially as concerns of violent escalation on January 25th, are continuing to decrease. Still, many internationals are awaiting a significant currency depreciation (in the range of 10-15%) in order to be more aggressive in returning back to the market.

Investor mix:
•  Foreigners were net Sellers by 14.78 mn EGP and were 38.02% of the market.
•  Egyptians were net Buyers by 16.99 mn EGP and were 56.88% of the market.
•  Arabs were net Sellers by 2.21 mn EGP and were 5.09% of the market.
•  Institutions were net Buyers by 0.132 mn EGP and were 49.88% of the market.
•  Retail were net Buyers by 16.86 mn EGP and were 50.11% of the market.

Ghana: 471k

Value traded on the Ghanaian Stock Exchange amounted to USD 471k.GCB was the biggest contributor towards value traded (84.11%) with the name closing at 1.95 CEDI. FML was the second biggest contributor towards value traded (3.91%) with the counter closing at 2.35 CEDI.

Kenya: NSE 20 -0.62% Vols USD 1.79m

The market ended the day lower with the NSE 20 Index falling 0.62% while value traded amounted to USD 1.79m. Foreign purchases accounted for USD 1.04m of total purchases while foreign sales accounted for USD 264k of total sales. EABL was the biggest contributor towards value traded (USD 679k) with the name closing at 180.00. EQBNK was the second biggest contributor towards value traded (USD 241k) with the counter closing at 16.00. Safcom closed the day at 3.10 and was the third biggest contributor towards value traded (USD 235k).

Mauritius: Semdex -0.21%, Vols USD 842k

The market ended the day lower with the Semdex falling 0.21% to close at 1,884.39 while value traded amounted to USD 842k. MCB fell 0.60% to close at 166.00 while SBM closed the day flat at 84.00. Both NMH and and Rogers closed the day unchanged at 82.00 and 327.00 respectively. ENL Land and Terra Mauricia both closed the day flat at 42.20 and 38.20 respectively.

Nigeria: ASI +0.34% Vols USD 10.63m

The Nigerian ASI gained 0.34% while value traded amounted to USD 10.63m. Top traded stocks were UBA, Fidelity Bank, First Bank, Zenith Bank, Guinness Plc, Ecobank Transnational Incorporated, Access Bank, Transcorp, Japaul Oil & Marine Services and Nigerian Breweries Plc. Top losers of the day were GlaxoSmithKline (-5.00%), UBA (-4.68%), Japaul Oil (-4.12%), Fidelity Bank (-4.11%) and Guinness Plc (-1.08%). The gainers were led by Zenith Bank (2.33%), GTB (1.66%), Dangote Cement (1.28%), Flour Mills Nigeria Plc (0.79%) and Nigerian Breweries (0.72%). The banking sector ASI closed up 61bps. Zenith Bank closed up at N12.30 and traded 5.3m units while First Bank closed down 0.03% at N10.70 and traded 8.96m units in total. UBA traded 16.54m units and closed down at N2.24. The sector also had crosses of12.78m units of UBA, 8.05m units of Fidelity Bank, 1.6m units of Access Bank, 6m units of First Bank and 3.75m units of Zenith Bank. In the building materials sector, Dangote Cement traded 482k units and closed up at N116.51 while Ashaka Cement traded 2k units and closed flat at N11.29. There was also a cross of 300k units of Dangote Cement. In the food and beverages sector, Nigerian Breweries traded 590k units and closed at N96.04. Flour Mills Nigeria Plc closed up at N64.00 with 153k units traded while Guinness Plc closed down at N235.00 and traded 5.06m units. There was a cross of 4.89m units of Guinness Plc. There was also cross of 1m units of Transcorp.

South Africa: Top 40 +0.85% Vols USD 1.27bn

The JSE ended the day higher with the Top 40 Index gaining 0.85% to close at 29,481 while value traded amounte to USD 1.27bn. Resources were the day's biggest gainers with the Index gaining 1.76% followed by Financials and Industrials which gained 0.32% and 0.15% respectively. The Rand was trading at 8.10 and 10.35 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE +1.33% Vols USD 52k

The market recorded a turnover of USD 52,912.78. The counters that traded today included BATA, SCBL, SHOP, ZABR and ZSUG. The biggest contributor towards turnover was SHOP, 3,000 shares traded at an average price of ZMK 60,000, turnover amounted to USD 36,000. The second biggest contributor towards turnover was ZSUG, 188,325 shares traded at an average price of ZMK 304.56, turnover amounted to USD 11,471.30

Zimbabwe: Industrials +0.30%, Mining -2.47%, Vols USD 1.6m

The Industrial Index gained 0.3% to close at 140.18. The Financial sector performed well with gains being recorded in CBZ, FIDELITY, NICOZ DIAMOND, OLD MUTUAL, TNH. FBCH was the only loser shading 16.67%. The Agricultural sector also performed well with gains being recorded in SEEDCO, and its holding company AICO, and Zimplow. However PADENGA fell 1.61%. Counters in the clothing and furniture sectors also eased with both PELHAMS and TRUWORTHS falling 5.88% respectively and EDGARS losing 1.21%. The trading pattern was 19 gainers, 10 losers and 42 non-movers, however strengthening bids across the market may result in positive trend of the Index for the remainder of the week. The Mining Index fell 2.47% to close at 79 points besides the positive performance of BINDURA and FALGOLD, Hwange had a negative impact on the Index offsetting its positive performance after losing 6.67% of its value.