Movers & Shakers: July 05, 2012

African Currencies as at GMT 15:30

Botswana: DCI +0.10%, USD 313k

The DCI managed to end the day 0.10% higher at 7,246.26pts. Cresta, FNBB and Furnmart traded 5t higher a piece to end the day at 100t, 295t and 150t respectively. BIHL and Stanchart added 4t each to finish at 1040t and 930t respectively. Turnstar was up 1t to 166t.

Egypt: EGX 30 +0.70%, USD 66m

The market ended the day slightly higher on thin volumes, leaving the EGX30 to end the day up 0.70% to close at points 4949.57. Market volumes were deceiving, as the market traded a total turnover of USD 66m in which more than 10% were attributed to one cross in OCIC( internationals institutions both ways). Local institutions continue to book profits at these levels along with international investors, yet local retail investors managed to support the market by being net-buyer along with GCC investors. Names such as PHDC, ORTE and ESRS lead the market interims of performance , each ending the day up 2.93%, 2.49% and 2.43% respectively, yet ETEL managed to buck the trend ending the day down 0.46%.

Investor mix:
•  Foreigners were net Sellers by 14.94 mn EGP and were 18.59% of the market.
•  Egyptians were net Buyers by 11.23 mn EGP and were 75.22% of the market.
•  Arabs were net Buyers by 3.70 mn EGP and were 6.19% of the market.
•  Institutions were net Buyers by 1.141 mn EGP and were 29.86% of the market.
•  Retail were net Sellers by 1.141 mn EGP and were 70.13% of the market.

Kenya: NSE 20 +0.09%, USD 3.04m

Rather quiet in Kenya today with value traded amounting to $3.04m. EABL once again drove activity as foreigners accounted for basically all of the purchases (99%) in the counter with 570k shares traded. Foreigners were absent from Equity Bank today as locals drove activity with 1.51m shares traded in the counter. Kenya Commercial Bank was extremely quiet today as a paltry 290k shares traded in the name. BATK released H1 2012 results after the close with net profit increasing 20.6%. Foreigners were net buyers and accounted for $1.96m of total purchases while they accounted for $40k of total sales. The market closed the day higher with the NSE 20 Index gaining 0.09% to close at 3,795.32. The Kenya Central Bank decreased the CBR by 150bps to 16.5%.

Mauritius: Semdex -0.03%, USD 248k

A rather quiet session in Mauritius today with only USD 248k worth exchanging hands today. MCB was unchanged at Rs170 with only 469,370 shares trading in the name. SBM lost 0.60% at Rs82.50 on 2,472,350 shares. NMH traded 1.56% higher at Rs65. Other gains were recorded in MUA (+0.8%, ENL Commerical +2.4% and to end in the red included Bramer Banking (-1.2%), MSM (-9.1%) and ENL Land (-3.5%).

Nigeria: ASI +0.54%, USD 9.64m

The market traded stronger today and this was most evident within the banking sector which closed +74bps higher. It was all green on the screens within the banking sector except for Zenith bank which lost -3.7% (seems that yesterday's aggressive buyer was not around today). The mid-tier names were the outperformers, Fidelity, Access and FCMB all collected more than +400bps. The conglomerates also had a good day, PZ and UACN were +3.9% and +2.41% respectively when the bell went. The lack of liquidity is still the overriding theme and concerns for all market participants.

South Africa: Top 40 +0.50%, USD 1.48bn

The JSE ended the day higher with the Top 40 Index gaining 0.50% to close at 30,057 while value traded amounted to USD 1.48bn. Industrials were the day's biggest gainers with the Index gaining 0.73% followed by Financials and Resources which gained 0.52% and 0.26% respectively. The Rand was trading at 8.12 and 10.10 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE +0.26%, USD 21k

Another quiet day in Zambia with value traded amounting to USD 21k. The names that traded included BATZ, CECZ, PUMA, REIZ, SCBL, ZSUG and ZNCO. ZSUG was the biggest contributor towards tournover with value traded in the name amounting to USD 6.4k. REIZ was the second biggest contributor towards turnover with value traded in the name amounting to USD 6k.

Zimbabwe: Industrial Index +0.50%, Mining 1.48%, USD 1.87m

The industrial index rose 0.50% to 133.44points on the back of AICO which rose 24.71% to 10.6c while subsidiary group, Seedco added 2.33% or 2c to 88c. The mining index rose 1.48% to 76.30points spurred by a higher bid in Falgold at 16.50c from 15.5c despite no trades taking place in the sector. Nine stocks traded in the positive as Fidelity continued on its fine run picking up 1c or 7.14% to 15c while AFRE recovered 1c to 6c. Pelhams lost 44.59% to 0.41c. Dairibord eased 3.03% to 16c. PPC pared 6.25% to 225c.