Movers & Shakers: July 13, 2012

African Currencies as at GMT 15:30

Botswana: DCI +0.65%, USD 2.5m

The DCI finally came back to life on the back of increased trading across the board. Turnover stood at USD 2.5m. Sechaba traded 25t higher at 1302t. Engen was up 20t to 575t. Cresta and Furnmart each picked p 5t to finish at 105t and 160t respectively. Letshego traded level at 140t on 1,208,529 shares. Turnstar was unchanged at 170t.

Egypt: Closed today

Kenya: NSE 20 -0.7%, USD 1.03m

The NSE 20 touched its one year high this week, crossing the 3,800 points mark before pulling back towards the end of the week to close 0.1% lower w/w at 3788.64 points with foreign participation decreasing. The top loser on the day was EABL -3.04% after rallying since October. The most active names in a non-active session were Kenol and KCB. The banking sector was mixed, EQ unchanged at 21.5 and KNCB -1.06%. It was of the same in the agri sector, commercial sector and construction sector. The insurance names struggled, KENRE -2.9%. Batk traded flat at 373 while Scom softened to -1.39%.

Mauritius: Semdex UnCh, USD 1m

The Semdex ended the day unchanged while the Sem-7 edged up 0.04% to 336.88pts. SBM was characterised by several crosses during the session resulting in a total of 118.7k shares trading in the name 0.6% higher at Rs82.50. UBP recorded a cross of 18.6k shares at Rs106. Terra saw 47.5k shares cross at Rs38.50. MCB traded level at Rs167. Rogers lost 1.6% at Rs310.

Nigeria: ASI +1.1% (unofficial), USD 8.99m

The market made a decent step forward today but the activity levels remain really low. The bigger banks were mixed with FBN and GTB the black name +0.62% and +1.25% respectively. UBA lost -3.78%, a pullback after a few days of rallying subsequent to strong numbers. The same fate befell Diamond Bank, -1.2%. Sterling and Fidelity were large gainers +4.17% and 4.8% respectively. The cements had a good day led by DangC, +3.57% while the consumer play PZ lost -2.08%.

South Africa: Top 40 +1.41%, USD 1.6bn

The JSE took the lead from Global markets and bounced hard today, +1.2% with much improved activity levels although volumes were buffered today by a $480mln portfolio trade. China Q2 GDP data was the main driver. All the sectors barring the banks -0.3% were painted black today with the resources +2.01% the receiving the most support. Exxaro snapps biggest 5-day slump since 2008. Illovo gained most in a week after Goldmans px estimate revision. Woolworths also gained the most in a week as Investec raises target px.

Zambia: LuSe +0.44%, USD 434k

After a dull week long trading session, the LuSe finally ended the week on increased vols with turnover at USD 434k. The Index edged up 0.44% at 3,896.61pts. CEC accounted for 98.7% of the days turnover with 3,206,436 shares trading 0.15% higher at K670. BATZ edged up 0.13% at K1,582 while SCBL traded 3.70% higher at K2.80.

Zimbabwe: Industrial Index -0.70%, Mining UnCh, USD 293k

The industrial index lost 0.70% to 131.55points. Losses were led by heavy cap stocks as PPC lost 22c or 9.78% to 203c, Econet gave up 1.75% to 420c as AICO and Meikles pared 4.76% and 2.86% to 10c and 17c respectively. Fidelity slipped 6.43% to 13.10c. ZPI lost 0.99% to 1c, Mash eased 3.85% to 2.5c while Dawn lost 14.29% to 0.6c. Only three stocks managed gains. Padenga added 6.43% to 4.8c, Colcom put on a marginal 0.04% to 25.01c while the winner in the banking sector category for the 2011 quoted company survey, FBC added 3.08% to 6.7c. Newly listed stock TN Bank was bid and offer at 15c and 30c respectively while its former holding company Lifestyle Holdings was bid and offer 1.5c and 2c respectively. Activity hit a six month low after only 2.2m shares worth $0.293m exchanged hands with foreign participation amounting to a paltry $52,820 in purchase with no sales. There were no trades in the mining sector as Falgold and Rio were bid at previous levels of 25c and 40c respectively; Hwange was bid lower at 21c while Bindura was offered at 3.2c.