Movers & Shakers: June 18, 2012

African Currencies as at GMT 15:30

Botswana: DCI +0.21, USD 460k

The DCI commenced the week on a positive note. Letshego dominated the vols accounting for 43% of the days turnover with 957,917 shares trading at 150t. Chobe traded 9t higher at 254t, NAP was up 10t at 235t, Primetime picked up 1t to end at 191t while Sefalana gained 5t at 280t.

Egypt: EGX 30 -3.42%, USD 35m

The market witnessed a sell-off today lead international institutions, GCC investors traded the day with negative a sentiment, yet in the second half of the session GCC institutions changed their sentiment to end the day as net-buyers. The EGX30 ended the day down 3.42% to close at 4267.87 points. Market turnover remain weak yet an improvement to recent volume, market traded at total turnover of USD 35m. Investors panicked on the back of fears of uncertainty cascading over the market, as many await the first post revolution presidential election results, adding to the this many investors fear the response of the street towards the constitutions amendments done by the SCAF which was released yesterday evening.

Investor mix:
•  Foreigners were net Sellers by 25.11 mn EGP and were 30.57% of the market.
•  Egyptians were net Buyers by 19.51 mn EGP and were 62.84% of the market.
•  Arabs were net Buyers by 5.59 mn EGP and were 6.59% of the market.
•  Institutions were net Sellers by 15.04 mn EGP and were 43.82% of the market.
•  Retail were net Buyers by 15.04 mn EGP and were 56.17% of the market.

Kenya: NSE 20 +0.32%, USD 1.24m

Not much to report in Kenya today with value traded amounting to a rather dire $1.24m. Equity Bank was the biggest contributor towards value traded thanks to a few small crosses with foreigners accounting for the majority of purchases, a total of 1.38m shares traded in the name. Mumias Sugar continued to put in a good performance today with 2.32m shares changing hands as locals dominated trading in the counter. Activity in Kenya Commercial Bank was rather subdued with 620k shares traded as foreigners accounted for 85% of purchases. Foreigners were net buyers and accounted for $480k of total purchases while they accounted for $190k of total sales. The market closed in positive territory with the NSE 20 index gaining 0.32% to close at 3,682.23. In other news the World Bank announced that Kenya’s economy should grow at 5% in 2012 and 2013.

Mauritius: Semdex -0.11%, USD 210k

Slow start to the week with thins trading today. NMH lost 0.72% at Rs 68.50 reaching its lowest point since February 2012. MCB and SBM traded level at Rs168 and Rs82 respectively. ENL Land was down 1.02% at Rs39 on 1,100 shares. Terra saw 15,100 shares trade in the name at Rs38.50. Moroil dropped by 2.99% on 100 shares.

Nigeria: ASI -0.74%, USD 7.33m

The dearth of activity continues in Nigeria with no respite on the horizon. The top tier banks had a good day today with no names closing in the red. ETI, FBN, UBA and Zenith all closed higher +0.93%, +0.28%, +1.32% and + 0.38%. Other than the +4.9% gain made by UBN there wasn’t much in terms of movement in the banks. The cement sector was mixed, DangCem took a -3.7% hit which made a large impact on the index. The two conglomerates PZ and UACN made strong advances +5% and +4.6% respectively. All eyes on Europe for now.

South Africa: Top 40 +1.59%, USD 1.50bn

The JSE ended the day higher with the Top 40 Index gaining 1.59% to close at 30,453 while value traded amounted to USD 1.50bn. Industrials were the day's biggest gainers with the Index gaining 1.65% followed by Resources and Financials which both gained 1.60%. The Rand was trading at 8.36 and 10.51 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE +0.57%, USD 28k

Extremely average day in Lusaka with value traded amounting to USD 28k. The names that traded included BATZ, FQM, SCBL, ZABR, ZMBF and ZNCO. SCBL was the biggest contributor towards turnover with value traded in the name amounting to USD 13.5k. ZABR was the second biggest contributor towards turnover with value traded in the name amounting to USD 13k.

Zimbabwe: Industrial Index -0.77%, Mining UnCh, USD 1.6m

The industrial index opened the week in the negative losing 0.77% to 131.11pts. ABCH was the biggest loser easing -25.93% at 40c. CBZ lost a further 13.08% to 9.9c while Barclays slipped 6.25% to 3.2c TRUST led the risers with an impressive 30% rally to 1.3c. Old Mutual rose 1.32% to 153c its highest post consolidation which took place on 16 April 2012. The mining index was steady at 81.58pts after recording no trades.