Movers & Shakers: July 10, 2012

African Currencies as at GMT 15:30

Botswana: DCI +0.06%, USD 346k

The Gaborone exchange witnessed increased activity today recording turnover of USD 346k compared to USD 12k yesterday. Vols were dominated by Letshego which saw 1,855,762 shares trade in the name at 140t accounting for 97% of the day's turnover. Letlole edged up 1t to end at 134t. Sechaba traded 15t higher at 1272t. Barclays and Choppies lost 1t a piece to end the day at 718t and 164t respectively.

Egypt: EGX30 -0.21%, USD 46m

The market managed to gain some grounds today after witnessing strong selling pressure yesterdays session, the EGX30 ended the day up 0.21% to close at 4,708.50 points. The market traded notably low volumes, market traded a total turnover of EGP283m. The EGX30 managed to end the day on positive note, this came after the market witnessed a notable sell-off yesterday lead by foreign institutional investors, yet today local retail today supported the market to be the sole net-buyers today. Name such as SKPC EKHO and COMI bucked the general trend in the market, each ending the day down 1.77%, 0.88% and 0.73% respectively.

Investor mix:
•  Foreigners were net Sellers by 49.60 mn EGP and were 21.77% of the market.
•  Egyptians were net Buyers by 39.36 mn EGP and were 71.81% of the market.
•  Arabs were net Buyers by 10.23 mn EGP and were 6.41% of the market.
•  Institutions were net Sellers by 58.18 mn EGP and were 33.58% of the market.
•  Retail were net Buyers by 58.18 mn EGP and were 66.41% of the market.

Kenya: NSE 20 -0.09%, USD 2.43m

Activity improved today, although it still remains low, buoyed by heavy foreign presence on EABL. Turnover rose with 73% being linked to the local investors. The market however, continued to exhibit weaknesses. The NASI closed 0.07 points lower at 82.11. The NSE-20 also slid lower to 3789.33 points (-0.05%). Foreigners were active on EABL with a 90% activity rate on the counter’s turnover. The stock however eased further to KES 236. BAT also lost ground to close at KES 363 (-3.97%). However mumias rallied further to settle at KES 6.85. The banking sector was supported by gains on Equity (+1.2%) and Barclays (+1.1%). Speculation players are expected to participate in this segment as the half year reporting season approaches. The telecommunications sector accounted for 53% of the day’s activity.

Mauritius: Semdex -0.18%, USD 2.7m

Turnover on the official market was skewed towards MCB which witnessed several crosses today resulting to a total of 269,432 shares trading unchanged at Rs167. 130k shares were crossed in NMH at Rs64.50. UBP was crossed at Rs107 (0.9%). SBM traded level at Rs82.50 on 124,600 shares. Innodis traded 0.7% higher at Rs42.30. Omincare gained 1.35 to end the day at Rs76. On the Dem side, Ciel saw 2.7m shares cross in the name at at Rs2.60.

Nigeria: ASI +0.36% (unofficial), USD 11.80m

The market produced a mixed bag and it managed to cross the $10m mark in terms of value traded. From the bigger banks, ETI, FBN, and UBA were in the black while Zenith and GTB were in the red. Zenith was the hardest hit, having -2.51% shaved off its opening price. Fidelity was the standout – closing limit up at 1.26. From the conglomerates PZ was the hardest hit, losing -4.98% while UACN also found the going tough, closing -0.73% worse off. DangF took a knock today, probably just profit taking after its strong rally, -2.47%. Earnings season commenced with UBA releasing results after the close today, numbers look good.

South Africa: ALSI +0.2%, USD 1.065bn

Global markets are mixed while the JSE managed to close +20bps higher. The JSE was tentative early on but gathered momentum at around noon, tracking European stock markets. The resources and banks did not fare as well as the rest of the market, closing -10bps and -19bps lower respectively. The gold names were the outperformers +1.46% while the industrials and financials also fared well, +0.44% and +0.17% higher respectively.

Zambia: LuSE -0.53%, USD 26k

The LuSE ended the day in 0.53% in the red at 3,881.16pts. Vols remained on the thin side with only USD 26k worth exchanging hands today. Batz lost 1.25% at K1,580. CECZ was down 1.46% at K676 while SCBL traded 3.57% lower at K2.70.

Zimbabwe: Industrial Index -0.10%, Mining +5.55%, USD 1.8m

The Industrial index slipped 0.10% to 133.57points weighed down by losses Meikles which lost a further 0.04c to 17.84c while waning demand in AICO saw the group retreat 1c to 10.50c. Dawn continues to suffer from a poor set of results easing 6.67% to 0.7c. Econet dropped a marginal 0.01c to 429.99c. OK increased by 6.76% to 11.21c while Truworths and Edgars rose 2.56% and 0.26% to 3.6c and 7.82c respectively. CFI traded 3.92% higher to 5.3c. Zimplow was steady at 7.75c as its rights issue got underway to raise $11.2m to fund the acquisition of a 57.21% stake in TPH. Volume improved marginally to 7.6m shares from 33 active stocks. Turnover however dropped 37% to $1.8m. The mining index climbed 5.55% to 82.98points spurred by a higher bid in Falgold at 20c with impressive YTD gain of 233% and a 9.44% recovery in Rio at 35.02c.