Movers & Shakers: January 23, 2012

Botswana: DCI -0.06%, Vols USD 52k

The DCI commenced the week on a quiet note with turnover at USD 52k. Primetime dominated the vols with 188,585 shares trading in the name at 183t, accounting for 90.1% of the day's turnover. G4S, Letlole and Turnstar ended the day flat at 610,115 and 130t respectively.

Egypt: EGX 30 +2.40%, Vols USD 38m

The market ended the day on a positive sentiment, leaving the EGX30 to end the day up 2.40%, to close at 4014.27 points. Market volumes has improved yet it remains weak, market traded a total turnover of USD 38m, in which more than 12% was attributed to ORTE alone, which resumed trading after a two month suspension period, the name ended the day up 9.16%, to close at EGP2.86. With Lower-house Parliament convening today for the first time ahead of Wednesday's Jan 25th celebrations/protests, a sense of optimism a spread over the market, with hopes that the revolution anniversary would pass peacefully. NSGB traded against the general market sentiment, the name was pressured down to EGP24(down 1.55%), by session end the name managed to trade at EGP24.45, to close down 0.12%.

Investor mix:
•  Foreigners were net Buyers by 10.46 mn EGP and were 27.72% of the market.
•  Egyptians were net Sellers by 15.37 mn EGP and were 64.35% of the market.
•  Arabs were net Buyers by 4.90 mn EGP and were 7.93% of the market.
•  Institutions were net Sellers by 2.76 mn EGP and were 44.22% of the market.
•  Retail were net Sellers by 12.61 mn EGP and were 55.77% of the market.

Kenya: NSE 20 -0.4%, Vols USD 1.5m

The benchmark NSE 20 Share Index was weighed down mainly by poor performance on EA Breweries and Safaricom closing 0.4% lower at 3,171.63. Turnover declined buy 69.8% to USD 1.5m. Safaricom came under pressure on the back of increased supply mainly by local investors as they took profits following last week’s rally. The stock shed 1.5% to close at KES 3.25 on a volume of 19.6m shares. EABL continued on its slide after moving only 4,100 shares. Foreign investor interest on the counter remains high – 70% of total value traded on the counter last week was by foreign investors. Equity Bank edged up 0.3% to close at KES 15.95. A total of 2.2m shares were crossed. KCB Bank reversed last week’s gains easing 1.4% to KES 17.45 attributable to increased local selling. The counter moved 516,100 shares worth KES 9.0bn.

Mauritius: Closed today

Nigeria: ASI -1.03%, Vols USD 7.39m

The Nigerian ASI fell 1.03% while value traded amounted to USD 7.39m. Top traded stocks were UBA, Access Bank, Zenith Bank, First Bank, Fidelity Bank, GTB, Sterling Bank, GT Assurance, Goldlink Insurance Plc and Intercontinental Wapic Insurance. Top losers of the day were Dangote Flour (-4.98%), BAGCO Plc (-4.82%), Custodian & Allied Insurance (-4.76%), Oando Plc (-4.76%) and RT Briscoe Plc (-4.69%). The gainers were led by Nigerian Aviation Handling Company (4.87%), Prestige Assurance (4.65%), National Salt Company of Nigeria (2.44%), Eterna Oil (1.82%) and ABSA New gold (1.16%). The banking sector ASI closed down 146bps. Access Bank closed down 3.49% at N4.70 and traded 19.38m units while First Bank also closed down 1.66% at N8.90 and traded 11.27m units. Zenith Bank closed down 0.83% at N12.00 while trading 16.15m units in total. The sector also had crosses of 45m units of UBA, 19m units of Access Bank, 1m units of GTB, 5.5m units of Sterling Bank, 2.76m units of Wema Bank, 4m units of Zenith Bank, 1m units of Fidelity Bank and 1m units of First Bank. In the building material sector Dangote Cement closed down 0.08% at N117.89 and traded 84k units while Lafarge Wapco also closed down 2.64% at N44.30 and traded 214k units in total. Ashaka Cement closed down 2.54% at N11.12 and traded 408k units in total. In the food and beverages sector, Nestle closed flat at N419.50 and traded 87k units while Nigerian Breweries closed down 0.58% at N93.5 and traded 1.30m units in total. Cadbury closed down 2.95% at N11.50 while trading 257k units in total. There was also a cross of 504k units of Guinness Plc. There were also crosses of 3m units of Goldlink Insurance, 4m units of Intercontinental Wapic Insurance and 2m units of GT Assurance.

South Africa: Top 40 +0.83%, Vols USD 1.31bn

The JSE ended the day higher with the Top 40 Index gaining 0.83% to close at 30,365 while value traded amounted to USD 1.31bn. Resources were the day's biggest gainers with the Index gaining 0.82% followed by Industrials and Financials which gained 0.75% and 0.74% respectively. The Rand was trading at 7.93 and 10.33 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -0.18%, Vols USD 95k

The market recorded a turnover of USD 95,451. The counters that traded today included CCHZ, SCBL, ZMBF and ZMFA. The biggest contributor towards turnover was ZMBF, 159,750 shares traded at an average price of ZMK 2,950, turnover amounted to USD 94,252.50. The second biggest contributor towards turnover was, ZMFA, 5000 shares traded at an average price of ZMK 650, turnover amounted to USD 650.

Zimbabwe: Industrials -0.08%, Mining -0.43%, Vols USD 1.6m

Shares extended losses in week opening trades dropping -0.08% to 141.24pts after losses in AICO, DZL, Hippo, Delta and CBZ outweighed gains in Old Mutual, Econet, Seedco and PPC. Agro-concern AICO lost a further -11.11% or -2c to 16c and is still trading under cautionary statement but is yet to give details of the ongoing negotiations taking place despite market speculations that the group is in negotiations with Olam International for the possible merger of the cotton ginning businesses. Delta slipped a marginal -0.01% to 69.99c despite a third Quarter trading update to 31 December from SAB Miller which indicates a 19% growth in local volumes driving SAB Miller’s global volumes. Banking group, CBZ lost -2.40% to 10.05c as negative investor sentiment continues to weigh in on financial stocks. Hippo was the biggest loser among heavy cap dropping -5c or 4.35% to 110c as RTG lost -12.66% to 2c. An impressive 7.09% or 10c recovery in Old Mutual saw the group close at 151c a price it last traded on 3 October 2011 against a 20 day VWAP of 131.86c while local buying in Econet also saw the group put on 10c or 2.78% to 370c. Volumes were much thinner with only 5.8m units exchanging hands against 21.5m last Friday resulting in a -40% decline in value traded at $1m. Foreign investors accounting for 40% of the sales and were net sellers by $330,000 after sales in Econet, Delta and Barclays amounted to $403,000 against purchases of $73,000. Econet accounted for the bulk of the trades contributing 60% of value traded as Delta accounted for 11.7% with the balance slit among the other 36 stocks that were active today. A 7.14% loss in Falgold to 6.5c saw the mining index ease 0.43% to 80.47pts with thin trades among the 4 mining stocks. Rio registered a marginal gain of 0.03% to 30c but remain offered at the same level.