Movers & Shakers: July 18, 2012

African Currencies as at GMT 15:30

Botswana: DCI UnCh, USD 402k

After a two day break, the market commenced trading on increased vols with USD 402k worth exchanging hands today. Barclays contributed to 69% to the day's turnover with 300,000 shares trading in the name at 717t. ABCH lost 10t to end the day at 450t. NAP gave-up 5t to end the day at 230t. Letshego was unchanged at 140t on 217,423 shares.

Egypt: EGX30 +0.02%, USD 33m

The EGX30 ended the day up 0.02% to close at 4,819.50 points, volume were extremely weak, market traded a total turnover of EGP205m. As further delays on critical decisions regarding the constitution and the parliament, which led investors to trade the day with a mixed sentiment on the back of uncertainty, local retail investors along with GCC institutions started decrease their exposure in the market, after being aggressive buyer for the last couple of days, yet local and international investors supported the market by being the sole net-buyers today. OTMT bucked the general trend, the name ended the day down 2.44% to last print at EGP0.40.

Investor mix:
•  Foreigners were net Buyers by 4.89 mn EGP and were 31.01% of the market
•  Egyptians were net Buyers by 2.26 mn EGP and were 54.91% of the market.
•  Arabs were net Sellers by 7.16 mn EGP and were 14.08% of the market.
•  Institutions were net Buyers by 7.87 mn EGP and were 45.88% of the market.
•  Retail were net Sellers by 7.87 mn EGP and were 54.11% of the market.

Kenya: ASI -0.94%, USD 2.2m

Subdued trading was noted on the equities market today with turnover down to USD 2.2m. Participation was dominated by foreign investors who contributed to 66.8% of total market activity. Turnover was boosted by EA Breweries, Uchumi Supermarket, Safaricom and CIC Insurance. EA Breweries continued to exhibit improved performance with foreigners dominating trading on the counter. The stock saw three block trades move during the session at the KES 225.00 level, closing at a stable average price of KES 224.00 on a volume of 509,300 shares. Today marked the debut of CIC Insurance at the NSE with the counter opening with 560.0m shares available for trading at KES 3.50. Touching a high of KES 7.00, the counter’s price edged up 50.0% to KES 5.25, trading 1.6m shares and emerging amongst the day’s top traders in terms of both volume and turnover. Heightened trading was noted on Safaricom as foreign investors paid up amidst constrained liquidity. The stock touched a new high of KES 3.80, trading 2.8m shares at an improved average price of KES 3.75 (+2.7%). Improved trading witnessed on Uchumi Supermarket driven by local investors who accounted for 100% of participation on the stock.

Mauritius: Semdex -0.22%, USD 2m

The Semdex ended the day 0.22% lower while the Sem-7 closed 0.16% higher. Turnover was dominated by Terra which saw 1.096,548 shares trade in the name 1.30% higher at Rs 39. MCB edged up 0.6% at Rs167 on 58,349 shares. SBM remained level at Rs82.50. NMH lost 0.78% at Rs64. ENL Land traded 0.26% lower at Rs38.70. Rogers dropped by 1.6% to Rs305 though its vwap was Rs309.91. The Dem ex rose by 0.4% to 147.66pts. Union Flack increased by 13% to Rs22.60 on 47.9k shares.

Nigeria: ASI +1.03%, USD 14.18m

As is generally the case, the banks dominated the activity today, 60% of the total more specifically FBN and GTB. FBN, GTB and Zenith made good advances today+3.75%, +2.35% and +1.53% respectively while UBA plummeted -3.16%. Activity levels fell well short of the number reached yesterday, no significant results were released today. Outside of the banks, NB and Nestle (two consumer plays) were active today, accounting for 20% of the value traded collectively. NB added +323 bps to its starting price while Nestle managed to close +1.01% better off.

South Africa: Alsi +0.97%, USD 1.25bn

The Jse leaped higher in the last hour of rading following global mkts north. Inflation fell to a 10month low in June, giving the central bank more scope to cut borrowing while CPI was up +5.5%. The JSE advanced for the first time in three sessions, +1%. All the sectors closed a percent or better up but the golds lost -1.66%. Some of the more active names included ArcelorMittal which fell the most in 4 mnths, -3.7%, Coal of Africa increased for a third day +1% and Datatec eased the most in 4 mnths -2.3%.

Zambia: LuSe +0.08%, USD 150k

The market finally came back to life with USD 150k crossing the floor today compared to USD 1k yesterday. CEC saw 544,881 shares trade at K670. SCBL lost 3.70% at K2.60 on 88,396,596 shares. Puma lost 0.09% at K1,144 while ZSUG traded 0.71% higher at K282.

Zimbabwe: Industrial Index +0.04%, Mining + 4.61%, USD 726k

Both indices ended the day in positive territory with the Industrial index up 0.24% while the Mining's Index edged up 4.61%. Turnover stood remained on the lower end with USD 726k worth trading today. Delta picked up 1c to end the day at 67c. PPC traded 1c higher at 206c. Econet remained level at 423c. Astra lost 1c at 4c. On the mining's side, Falgold traded 4c higher at 35c. Bindura increased by 0.03c at 2.73c.