Movers & Shakers: July 16, 2013

Botswana: Closed for the day.

Egypt

The market managed to pick its bullish momentum leaving the EGX30 to end the day up 0.85% to close at 5,358.92 points. The market traded decent volumes relative to average turnovers, the market traded a total turnover of USD 47m. The market managed to regain some of its bullish momentum after witnessing some profit booking over the last couple of sessions, local retail went back to being notable buyers targeting various names such as ETEL, CCAP and ORTE each ending the day up 2.76%, 2.50% and 2.10% respectively, it’s worth mentioning that the real-estate sector managed to gain notable interest after witnessing pressure over the last couple of sessions, were names such as TMGH, PHDC and OCDI managed to end the day up 2.58%, 3.36% and 3.66% respectively.

Investor mix:
•  Foreigners were net Sellers by 44.49 mn EGP and were 27.45% of the market.
•  Egyptians were net Buyers by 51.39 mn EGP and were 65.33% of the market.
•  Arabs were net Sellers by 6.90 mn EGP and were 7.22% of the market.
•  Institutions were net Buyers by 15.45 mn EGP and were 38.13% of the market.
•  Retail were net Sellers by 15.45 mn EGP and were 61.86% of the market.

Kenya: NSE 20 +0.85%, USD 6.8m

Foreign investor activity remained high, accounting for 50.7% of the market. The equities market remained upbeat building on gains posted over the last seven sessions. ARM was the leading mover of the day with foreign investor buying at an unchanged price from the previous session. The cement maker announced decent 1H13 results last week. While EABL was weaker earlier in the session, it recouped some of the losses to end the day flat on foreign investor selling. Safaricom consolidated at the KES 7.40 level after notching 1.4% higher. Liberty Insurance pulled back 2% after gaining 3.8% in the previous day. Sasini rose a further 3.6% ahead of books closure for KES 0.25 DPS tomorrow. The firm has bulked our view for large land owners, particularly in the agricultural sector, whose end of long term leases and subsequent renewal costs are thought as likely to impact earnings negatively for 2013 (Kenya Constitutional change made in 2010 reduced 999 year leases to 99).

Mauritius: Semdex +0.15%, USD 453k

Another dull day in Port Louis while the Semdex and the Sem-7 both inched higher. The Sem-7 gained 27bps which was mainly due to a solid gain of 83bps in MCB as the name closed at Rs183. Mitigating this slightly was a fall of 38bps in NMH to Rs65.

Nigeria: ASI +0.44%, USD 28.16m

A quiet day all round in Lagos although a chunky cross in the normally illiquid Transcorp bumped up volumes. 600m shares crossed in the name at N1.40 just before the close. The banks gained 20bps with performance mixed across the sector. Strength was witnessed in Zenith (+2.24%, N21.47) and UBA (+2.31%, N8.40) while the major softness was in GTB (-2.34%, N25.90) and FCMB (-2%, N4.90). Consumers gained an impressive 1.04% with the major gainers including NB (+1.22%, N170.05, on good volumes), Unilever (+4.15%, N62.49), PZ (+2.36%, N40.29) and Flourmills (+3.49%, N88).

Please note that the index figure above is correct at the time of writing.

South Africa: Top 40 +0.97%, USD 1.23bn

The JSE ended the day lower with the Top 40 Index falling 0.97% to close at 35,855 while value traded amounted to USD 1.23bn. Industrials were the day's biggest losers with the Top 40 Index falling 1.40% followed by Financials which fell 0.99% while Resources gained 0.10%. The Rand was trading at 9.83 and 12.92 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE +0.62%, USD 54k

Not much to speak of in Lusaka today other than a cross in LAFA ($31k) and some activity in PRIMA RE ($16k). the rest of the market hardly traded.

Zimbabwe: Industrials +0.92%, Mining unch, USD 5.39m

The ZSE Industrials sustained its rising streak with its 11th gain in which the industrials closed 0.92% higher at 226.96pts amidst political tension regarding the special vote that ended yesterday. Auguring the rally was heavy cap trio of Delta which rose 1.35% to 150c on the back of a block trade, Innscor which catapulted 3.94% to 105c on firm bids and insurance giants Old Mutual which is up 3% to 240c. The minings were stable at previous levels of 69.10pts with only Hwange among the resources registering trades. Value traded took a significant leap of 229% to $5.39m buoyed by block trades in Delta which contributed 58% to aggregate value traded. On an equal note volume traded trekked northwards rising 55% to 11.98m shares on notable volumes in Delta, Edgars and Meikles. Foreign participation was immensely enhanced with total inflows rising 754% to $4.1mln while sales totaled $3.68mln.

African Currencies