Movers & Shakers: July 02, 2012

African Currencies as at GMT 15:30

Botswana: Public Holiday

Egypt: EGX 30 +4.97%, USD 122m

The market managed to end the day sharply higher today, after Morsi was sworn in and the transition of power was done peacefully. A sense of optimism was quite evident across the board today, boosted by local retail investors which left the EGX30 index at 4,942.41 points up 4.97%. The hike was mainly seen in the likes COMI, TMGH, ORTE and ESRS as the stocks managed to end the day more than 8% higher on the day. Also just to name a few, OCIC, HRHO, CCAP and PHDC where amongst today's gainers, and last traded up 4.20%, 5.52%, 6.37% and 8.85% respectively.

Investor mix:
•  Foreigners were net Sellers by 77.15 mn EGP and were 23.96% of the market.
•  Egyptians were net Buyers by 92.89 mn EGP and were 67.57% of the market.
•  Arabs were net Sellers by 15.75 mn EGP and were 8.47% of the market.
•  Institutions were net Sellers by 52.51 mn EGP and were 36.72% of the market.
•  Retail were net Buyers by 52.51 mn EGP and were 63.27% of the market.

Kenya: NSE 20 +1.62%, USD 4.13m

Decent enough day in Kenya with value traded amounting to $4.13m. Diamond Trust Bank was extremely active today with 1.40m shares changing hands with locals dominating both sides of the counter as today marked the closure date for the 1:8 rights issue. Not too much to report in EABL as 380k shares traded with foreigners completely dominating the purchases (99%). There was almost no foreign interest in Kenya Commercial Bank as 1.41m shares traded. Foreigners were net sellers and accounted for $1.74m of total sales while they accounted for $1.68m of total purchases. The market closed the day higher with the NSE 20 Index gaining 1.62% to close at 3,763.91.

Mauritius: Semdex +0.14%, USD 1.1m

Both the Semdex and Sem-7 ended the first day of trading 0.14% higher at 1,778.31pts and 340.59pts respectively. SBM edged up 0.61% to Rs82.50 on 49.8k shares. MCB saw a cross of 60k shares at Rs169. On the hotel front, NMH witnessed a cross of 30.4k shares at Rs66 at market opening. Lux Island Resorts lost 0.5% to Rs19.70 on 51.6k shares. A total of 166.5k shares were traded on Terra out of which 160k were crossed.

Nigeria: ASI -0.13%, USD 10m

Still extremely slow going in Nigeria with the value traded just reaching the $10m level at the close. The banks accounted for 53% of the value traded. Almost all the banks traded in the black with ETI the noticeable exception although this was because the name was marked down for a divi. The most active names were ETI, PZ, FBN and GTB. DangC, the big cement company, was the major drag on the exchange, closing -1.82%. Other notable losers were Cadbury and DangS closing -3.2% and -3.35% respectively.

South Africa: Top -0.26%, USD 1.14bn

The JSE ended the day lower with the Top 40 Index falling 0.26% to close at 29,561 while value traded amounted to USD 1.14bn. Resources were the days biggest losers with the Index falling 0.93% while Financials and Industrials gained 0.38% and 0.14% respectively. The Rand was trading at 8.17 and 10.29 to the USD and EUR respectively by the time local markets closed.

Zambia: Public Holiday

Zimbabwe: Industrial Index +0.09%, Mining -0.50%, USD 8.3m

The equities market opened the week 0.09% up at 132.08points in mixed trading session. Meikles added an impressive 15.63% for the second session to 18.50c spurred by the opening of the Kamfinsa Pick n Pay as ABCH rose 9.09% to 60c after shareholders gave a nod for the $50m rights issue which got underway today. Old Mutual gained 5.73% to 166c. Fidelity capped the risers putting on 4.17% to 12.50c. AICO hit a 52-week low of 8.89c after shedding 1.22%. OK lost 1.9% to 10.3c while Colcom and Seedco slipped 1.19% and 0.05% to 25c and 85.01c respectively. Delta and Econet were steady at 65c and 430c with notable demand. A TPH block of 61,254,241 shares highlighted today’s rather quiet session as Zimplow concludes the acquisition of a 57.41% following shareholder approval last Friday. The deal executed at 11c was valued at $6,377,967. Market turnover rose to $8.3m from $1.8m while volumes surged to 67.2m shares from 8.3m shares. The mining index lost 0.50% to 75.32pts after Bindura eased 8.57% to 3.20c. Falgold, Hwange and Rio remained bid at 15.5c, 22c and 29c respectively.