Movers & Shakers: June 05, 2013

Botswana: DCI -0.02%, USD 1.82m

Excellent day in Gaborone thanks to a cross of 4.5m Choppies which accounted for the bulk of turnover as total value traded amounted to USD 1.82m. Things were rather quiet aside from Choppies with market heavyweight Letshego only seeing 8k shares change hands.

Egypt: EGX 30 -2.88%, USD 52m

The market witnessed a panic today lead by international institutions and local retail investors were names such as ETEL(-4.34%), HRHO(-4.23%) and TMGH(-2.18%) witnessed aggressive selling, leaving the EGX30 to end the day down 2.88% to close at 5,071.91 points. The market continues to trade weak volumes yet a slight improvement to recent average turnover, the market traded a total turnover of USD 52m. The market witnessed notable selling today on the back of growing fears regarding the political and economical instability in country with increasing calls for a massive protest on the 30th of June, international institutional investors started the day as aggressive net sellers by EGP-20mil yet by day end it was clear there was a change of sentiment as internationals managed to buy back to end the day as net sellers of EGP1.67m only, yet names such as EKHO, CCAP and ORTE continued to witness notable selling each ending the day down 8.05%, 6.51% and 5.07% respectively.

Investor mix:
•  Foreigners were net Sellers by 1.38 mn EGP and were 34.67% of the market.
•  Egyptians were net Buyers by 1.92 mn EGP and were 58.92% of the market.
•  Arabs were net Sellers by 0.54 mn EGP and were 6.41% of the market.
•  Institutions were net Buyers by 9.09 mn EGP and were 47.20% of the market.
•  Retail were net Sellers by 9.09 mn EGP and were 52.79% of the market.

Kenya: NSE 20 -0.02%, USD 13.9m

Equities turnover fell 39.5% with trades in EABL and Safaricom remaining key movers during the day. Foreign investors accounted for 42.2% of the session’s activity, falling from 83.4% in the previous day. EABL and Safaricom accounted for 54.7% of trades up from 74% with most of the purchases being made by foreign investors. Safaricom added 0.7% earlier but eased back by end of trading, to close unchanged at KES 7.10. Centum pulled back 1.1% on profit taking, despite the investment firm reporting robust FY13 results with an 111%y/y jump in EPS. ARM Cement fell 1.5% to KES 67 on local investor trading. Banking sector performance was mixed with CFC Stanbic, KCB and Coop gaining while Equity Bank, Diamond Trust, NBK, Barclays and StanChart declining. The leading gainers and losers were generally on thin volumes.

Mauritius: Semdex +0.06%, USD 1.04m

Better day in Mauritius with value traded amounting USD 1.04m. MCB drove activity today thanks to a cross of about 40k shares in the name with the counter closing flat at 196.00. There was a decent amount of activity in SBM as a total of 8.1m shares changed hands while NMH was rather quiet with only 12k shares traded on the day.

Nigeria: ASI +2.52%, USD 34.84m

Another decent day in Lagos thanks once again to banking stocks in the form of Guaranty Turst Bank ($5.22m) and Zenith Bank ($4.38m) while Nestle ($2.25m) was also rather active as total value traded amounted to $34.84m. DangCem was the main driver behind the market's performance with the market heavyweight gaining 7.00% to close at 210.00. Banks enjoyed a solid day from a performance point of view with the Bank 10 Index gaining 1.56% thanks to Guarnaty Trust Bank (+1.79%), UBA (+1.41%) and Skye Bank (+3.59%). Consumer stocks also closed in positive territory with the Consumer Goods Index gaining 0.41% as the likes of Flour Mills (+3.43%) and Dangote Sugar (+3.12%) put in a solid performance.

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

South Africa: Top 40 -0.26%, USD 1.85bn

The JSE ended the day lower with the Top 40 Index falling 0.26% to close at 36,294 while value traded amounted to USD 1.85bn. Industrials were the day's biggest losers with the Index falling 0.54% followed by Financials which fell 0.46% while Resources gained 0.36%. The Rand was trading at 10.01 and 13.09 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE +1.12%, USD 299k

Much better day in Lusaka thanks to a cross in BATZ with value traded amounting to USD 299k. The names that traded included ATEL, BATZ, CEC, FQMZ, LAFA, ZAMBREW, ZSUG and ZNCO. BATZ was the biggest contributor towards turnover with value traded in the name amounting to USD 170k. CEC was the second biggest contributor towards turnover with value traded in the name amounting to USD 75k.

Zimbabwe: Industrials +0.55%, Mining unch, USD 430k

Activity on the bourse was subdued in a thinly traded session in which value of trades slumped -69% to $0.43m despite an improvement in number of active stocks to twenty nine. This came on the back of marked decline in foreign participation with purchases falling -85% to $0.16m and sales -82% to $0.07m. Volumes for the day were +4.7% up to 4.2m boosted by property group Dawn were 1,989,021 shares traded. Mixed trades persisted with Industrials firming 0.55% to a record high of 214 pts on notable heavy weight gains in Innscor 1.2% to 93.3c and Seedco 4% to 77.99c. The resource index was flat at 72.3 pts with the only trade taking place in Falgold at its previous price of 12c. Diversified group Meikles was firm at 29.01c with no sellers following the release of 2013 finals today that showed $5m operating profit compared to a loss of -$8.5m in prior year.

African Currencies