Movers & Shakers: July 12, 2012

African Currencies as at GMT 15:30

Botswana: DCI +0.14%, USD 12k

A rather quiet trading session on the DCI with only USD 12k worth exchanging hands today. The index picked up 0.14% to end the day at 7276.25pts. Furnmart traded 5t higher at 155t while Sechaba was up 1t to finish at 1277t.

Egypt: EGX30 +0.43%, USD 64m

The market managed to end the day in positive territory, leaving the EGX30 up 0.43% at 4814.84 points. Volatility continued throughout the day today in Egyptian blue-chips as institutional investors (GCC) continue to be net sellers in the market, names such as HRHO, TMGH and COMI last printed in the reds, each printing down 1.91%, 1.76% and 0.60% respectively. International institutions ended the day as net-buyers, this came after the President stressed his respect for judicial rulings putting the Parliament dilemma to an end and eases off the ongoing the political tension.

Investor mix:
•  Foreigners were net Buyers by 4.89 mn EGP and were 17.90% of the market.
•  Egyptians were net Buyers by 1.28 mn EGP and were 76.25% of the market.
•  Arabs were net Sellers by 6.17 mn EGP and were 5.85% of the market.
•  Institutions were net Sellers by 0.387 mn EGP and were 27.80% of the market.
•  Retail were net Buyers by 0.387 mn EGP and were 72.19% of the market.

Kenya: NSE 20 +0.15%, USD 2.5m

Local investors dominated the equity market today, contributing to 57.1% of the total purchases and 83.0% of the sell side. Heavy trading was witnessed on Equity Bank today buoyed by local investor demand. EA Breweries was notably quiet in today’s session, following the recent heavy trading on the counter. Co-op Bank continued to experience heavy trading ahead of the 1H12 results announcement. On the back of foreign demand and strained liquidity, Safaricom edged up 1.4% to KES 3.60. A total of 6.8m shares were traded.

Mauritius: Semdex +0.01%, USD 1.8m

MCB witnessed multiple crosses during the session resulting in 177,434 shares trading in the name 0.6% higher at Rs167. 78,930 shares were traded in SBM 0.61% lower at Rs82. At market opening 125k shares were crossed in Terra at Rs38.50 but finished the session 0.3% lower at Rs38.40. Harel mallac lost 1.4% at Rs138. Quality Beverages increased by 20% to Rs10.80 on only 100 shares. Flacq was up 3.5% at Rs20.60.

Nigeria: ASI +1.08%, USD 10.42m

After yesterday’s improved vols it was hoped that this would carry on today but this was unfortunately not the case, $10.42m. The banks had another strong day, most notable UBA +4.9% and Diamond +3.73% after their impressive numbers. The cement names generally had a flat day today but DangC stood out with a +3.7% gain on the day. The conglomerates were mixed, PZ +1.36% while Flourmills and Unilever lost ground -3.18% and -1.56% respectively. Another Dangote name DangS also had a strong day, limit up +5%.

South Africa: Top 40 -1.08%, USD 1.2bn

Another tough day in JHB, third straight loss with the Top40 losing 1.08%. All the sectors lost ground which is a similar case with the big European markets. Resources -1.3%, financials -0.5% - market players happy to wait until results come out in August, Industrials -1%.

Zambia: LuSe -0.43%, USD 6k

A dull session in Lusaka that saw only USD 6k worth cross the floor today. Lafarge was up 0.03% to K8,002 while SCBL lost 3.57% at K2.70 and ZMFA was down 0.17% to K598.

Zimbabwe: Industrial Index -0.47%, Mining +3.63%, USD 623k

The industrial index continued south easing a further 0.47% to 132.48 in a bearish session ahead of the mid- term fiscal review next week. Nine stocks traded in the negative led by newly listed Lifestyle Holdings which lost 20.40% to close at 1.99c while TN Bank eased 6.48% or 2.08c from is listing price of 32.08c to settle at 30c. ZB was 10% down at 9c, OK eased 1.87% to 11c and Meikles lost 2.78% to 17.5c. Old Mutual was the most notable loser among heavy caps losing 3.03% or 5c to 160c. Continued selling pressure in Econet saw the offer drop to 425c from yesterday’s 427.5c with a lower bid at 415c while Delta, CBZ, ABC, Innscor, Dairibord and Seedco were steady at previous prices. The mining index extended gains in Thursday trades spurred by Falgold which topped at 25c, up 13.64% from yesterday. Bindura however eased 3.87% to 2.98c