Movers & Shakers: June 15, 2012


African Currencies as at GMT 15:30

 
Country
Notation
Currency
 
South Africa
ZAR
8.3711
 
Nigeria
NGN
163.495
 
Kenya
KES
84.9
 
Mauritius
MUR
30.2
 
Botswana
BWP
7.761
 
Tanzania
TZS
1584
 
Uganda
UGX
2495
 
Rwanda
RWF
609.4399
 
Ghana
GHS
1.9275
 
BRVM
XOF
521.7351
 
Egypt
EGP
6.0473
 
Moroccan
MAD
8.7687
 
Tunisia
TND
1.5931

Botswana: DCI Unch, USD 237k

The market ended the week on a flat note. FNBB saw 243,959 shares trade in the name at 290t accounting for 39% of the day's turnover. Letshego traded level at 150t. RDCP lost 1t to end the day at 678t. 38,222 shares traded in BIHL at 1026t. Barclays was unchanged at 717t.

Egypt: Closed today

Kenya: NSE 20 +0.24%, USD 2.14m

Another rather quiet day in Kenya with value traded amounting to a disappointing $2.14m. Centum was very active with a total of 2.4m shares changing hands in the name and was completely dominated by locals. Barclays was also surprisingly active thanks to a decent cross with locals being on both sides, a total of 2.34m shares traded. After yesterday’s large volumes Safcom slowed down a bit today with 7.57m shares traded as foreigners accounted for basically all of the purchases in the counter. Foreigners were quiet on the market today but remained net buyers and accounted for $770k of total purchases while they accounted for $310k of total sales. The market closed higher with the NSE 20 Index gaining 0.24% to close at 3,694.23.

Mauritius: Semdex -0.17%, USD 940k

The market ended the week on a negative note led by losses in MCB and SBM. MCB traded 0.59% lower at Rs169 while SBM was down 0.61% at Rs82.50. The two banking stocks were actively traded in, accounting for 79% of the market turnover. MSM rebounded to Rs12.50 from an all time low of Rs12. Omnicare grew by 2.1% to Rs72.50. Gamma and Inno slipped to Rs339 (0.3%) and Rs42.50 (-0.9%) respectively.

Nigeria: ASI -0.32%, USD 18m

The total value traded was much improved today although this is somewhat distorted by the crosses in thinly traded names Law Union and Rock Insurance. The market opened marginally higher and managed to keep its head just above water for quite a while before the pressure was too great – the market closed -0.32% worse off. Out of the better known names, Diamond Bank was a noticeable loser at -4.98% and NB fell -3%. On the other side of the spectrum UACN made a +4.99% gain and Cadbury leapt +4.14%. The banking sector closed marginally lower -0.06% with ETI, UBA and Zenith playing a large part in the fall. There was very little activity or movement amongst the cement names, the conglomerates were unch besides UACN. As it stands this will be the 6 th consecutive weekly fall for the Naira. Total Nigeria is trading at a 3 year low on profit concern.

South Africa: Top 40 +0.44%, USD 1.90bn

The JSE ended the day higher with the Top 40 index gaining 0.44% to close at 29,977 while value traded amounted to USD 1.90bn. Resources were the day's biggest gainers with the Index gaining 0.80% followed by Industrials which gained 0.21% while Financials fell 0.33%. The Rand was trading at 8.37 and 10.56 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE +0.56%, USD 16k

Very quiet day with value traded amounting to USD 16k. The names that traded included BATZ, CECZ, PUMA, SCBL, ZSUG and ZNCO. CECZ was the biggest contributor towards turnover with value traded in the name amounting to USD 9k. BATZ was the second biggest contributor towards turnover with value traded in the name amounting to USD 3k.

Zimbabwe: Industrial Index +0.11%, Mining +0.23%, USD 827k

The industrial index ended the week 0.11% firmer supported by gains in Meikles, NMB and TA in a rather quiet trading session while a higher bid in Bindura helped the mining index 0.23% up to 81.58pts. Gulliver became the second company to be suspended on the ZSE within a space of a week due to failure to publish its December 2011 results. NMBZ led the gains putting on 23.76% to 1.25c while TN added 3.12% spurred by the impending demerger of TN Bank from the TN group. TN Bank is expected to benefit immensely from its strategic alliance with cash rich leading telecom group Econet which is expected to acquire 45% of the demerged group valued at $20m. TA hit a 52-week low yesterday recovered 11% to 9.99c supported by local buying while Meikles rose 4.29% to 14.6c. Econet was only stock to trade in the negative after local selling pressure saw the group ease 0.86% to 416c.

contacts
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  • South Africa +27 11 268 5833