Movers & Shakers: January 20, 2012

Botswana: DCI unch, Vols USD 888k

The DCI ended the week on an upbeat note with turnover improving to USD 888k. FNBB accounted for 81% of the day's vols with 2,015,016 shares trading in the name at 263t. 95,235 Sechaba traded today at 1205t, contributing to 17% of the turnover. BIHL, Cresta, Nap and Turnstar ended the day at previous levels.

Egypt: Closed for the day

Kenya: NSE 20 -0.6%, Vols USD 4.9m

Turnover increased by 334.9% on the back of improved participation from foreign investors (at 61.4% compared to 26.7% in the previous session). Vibrant activity was witnessed on Equity Bank attributable to availability of blocks as well as increased foreign buying (80.5%). A total of KES 201.9m was moved accounting for 48.3% of the day’s total trades, with liquidity being provided by local investors. The counter closed at a stable price of KES 15.90. Safaricom continued to post robust volumes, accounting for 22.1%. Kakuzi gained 5.8% while Williamson Tea lost 2.6. National Bank shed 5.7%.

Mauritius: Semdex -0.57%, Vols USD 1.7m

The market continued south with the Semdex and Sem 7 closing 0.57% and 0.47% lower at 1,852.89pts and 345.14pts respectively. On the banking side, MCB witnessed a cross of 30k shares at Rs165. SSBM was down 1.83% at Rs80.50. NMH lost 1.91% to end the day at Rs77. Sun Resorts maintained its downward trend to finish at Rs43 on 29,400 shares.

Nigeria: ASI +0.25%, Vols USD 8.75m

The Nigerian ASI gained 0.25% while value traded amounted to USD 8.75m. Top traded stocks were Skye Bank, Diamond Bank, UBA, FCMB, Zenith Bank, Fidelity Bank, GTB, Eterna Oil, Access Bank and Livestock Feeds. Top losers of the day were C&I Leasing (-5.00%), Fidson (-5.00%), University Press (-4.41%), Continental Reinsurance (-4.00) and Dangote Sugar (-3.53%). The gainers were led by CAP Plc (4.97%), NAHCO (4.94%), Prestige Assurance (4.88%), Airline Services (4.83%) and Smart Products Nigeria Plc (4.81%). The banking sector index closed down 63bps. In the banking sector, UBA traded 18m units and closed down 3.36% at N2.30, while Zenith Bank traded 11m units and closed up by 0.67% at N12.10. First Bank traded 2.9m units and closed up by 0.44% at N9.05. The sector had crosses of 8.5m units of Fidelity Bank, 23.6m units of Skye Bank, 4.3m units of Access Bank, 13.3m units of FCMB and 1.5m units of GTB. In the building materials sector, Cement Company of Northern Nigeria traded 465K units and closed up 1.21% at N5.85 while Ashaka Cement closed flat at N11.41 trading 189k units. Dangote Cement also closed flat at N118 and traded 143k units in total. In the food and beverages sector, Nigerian Breweries traded 2.9m units and closed down -2.18% at N94.05. Dangote Sugar also closed down by 3.53% at N4.64 with 860k units traded while Cadbury traded 432k units and closed down 1.09% at N11.98. There were crosses 1.4m units of Nigerian Breweries and 1.3m units of Livestock Feed. There were also crosses of 2.1m units of Custodian and Allied Insurance.

South Africa: Top 40 +0.36%, Vols USD 1.79bn

The JSE ended the day higher with the Top 40 Index gaining 0.36% while value traded amounted to USD 1.79bn. Financials were the day's biggest gainers with the Index gaining 0.75% while Industrials and Resources gained 0.47% and 0.23% respectively. The Rand was trading at 7.95 and 10.28 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -1.66%, Vols USD 229k

The market recorded a turnover of USD 229,211. The counters that traded today included CECZ, SCBL, ZABR, ZMBF, ZNCO and ZSUG. The biggest contributor towards turnover was ZMBF, 343,688 shares traded at an average price of ZMK 2,950, turnover amounted to USD 202,776. The second biggest contributor towards turnover was CECZ, 100,000 shares traded at an average price of ZMK 665, turnover amounted to USD 13,300.

Zimbabwe: Industrials -1.33%, Mining unch, Vols USD 1.6m

Early profit saw the industrial index close the third week of the year in the negative. Counter such as AICO, Fidelity, CBZ, Meikles and Seedco which had risen dramatically since the second week of January closed in the red as investors took a breather. Agro concern, AICO eased -2.70% to 18c as subsidiary Seedco slipped -10.74% to 108c while Meikles and Fidelity -15.28% and -5.31% to 15.25c and 19.98c respectively. Banking stocks which have been under fire due to investor wariness over the quality of loan books were generally stable after the RBZ Governor allayed investors’ fears declaring the financial sector as safe and sound. Except for CBZ which lost -6.25% to 10.5c, FBC, Barclays, NMB, ZB and Interfin were all unchanged. The industrial index lost -1.33% by close of trading to settle at 141.36pts in a fairly active trading session that saw 43 active counters of which 6 were gainers, 13 losers while 24 traded unchanged. Turnover improved 33% to $1.663m despite a marginal decline in volumes at 21.56m shares. Foreign participation was heavy on the selling side especially in Innscor, Delta and Barclays as foreigners closed net sellers by $412,907. Dually listed stocks PPC and Old Mutual closed in the positive rising +1.49% and 0.71% to 205c and 141c buoyed by gains in world markets. Beverages giant Delta put on 0.72% to 70c after a third Quarter trading update to 31 December from SAB Miller indicate a 19% growth in local volumes driving SAB Miller’s global volumes. The mining index was unchanged at 80.82pts after a marginal drop in Rio -0.03% was insufficient to move the index as Bindura and Hwange traded unchanged at 2c and 30c respectively while Falgold recorded no trades.