Movers & Shakers: June 19, 2012

African Currencies as at GMT 15:30

Botswana: DCI +0.03, USD 108k

The market ended today's session on a flat note. Chobe and Primetime picked up 1t each to end the day at 255t and 192t respectively. RPC Data traded 5t higher at 35t. Letshego lost 1t at 149t on 6,456 shares. Furnmart dropped by 1t to 144t .

Egypt: EGX 30 -4.23%, USD 40m

The market witnessed another a sell-off today lead by international institutions, the EGX30 ended the day down -4.23% to close at 4,087.45 points. Volumes continue to trade within recent average volumes, market traded a total turnover of USD 40m. With the current concerns on the fate of Egypt's elections and the ultimate power SCAF delegated to itself, and ongoing fear of more empowerment, this cascades uncertainty over the future political affairs in Egypt which lead to the panic today. With no clear forecast, political updates continue to weaken the chances of a short term recovery leaving the best case scenario in the early days of the newly elected President.

Investor mix:
•  Foreigners were net Sellers by 19.99 mn EGP and were 31.94% of the market.
•  Egyptians were net Buyers by 11.39 mn EGP and were 63.06% of the market.
•  Arabs were net Buyers by 8.60 mn EGP and were 8.00% of the market.
•  Institutions were net Sellers by 10.40 mn EGP and were 45.41% of the market.
•  Retail were net Buyers by 10.40 mn EGP and were 54.58% of the market.

Kenya: NSE 20 -0.52%, USD 4.68m

Much better day in Nairobi today with value traded amounting to $4.68m. EABL returned to prominence again thanks to a few crosses with a total of 520k shares traded in the name, foreigners accounted for basically all of the purchases. There were a few large crosses in Safcom with foreigners prevalent on both sides of the transactions as a total of 17.70m shares traded and closed at 3.45. Decent amount of activity in Equity Bank with foreigners accounting for 94% of purchases, a total of 1.97m shares traded. Foreigners were net buyers and accounted for $3.45m of total purchases while they accounted for $1.48m of total sales. The market closed lower with the NSE 20 index falling 0.52% to close at 3,663.11. Prime Minister Raila Odinga said that foreign aid to Kenya will increase 30% to $2.7bn in the next fiscal year beginning July 1.

Mauritius: Semdex +0.1%, USD 1.8m

The market was characterised by increased activity with USD 1.8m worth exchanging hands today compared to USD201k yesterday. MCB traded at vwap Rs168.39 (+0.2%) but closed +0.6% higher at Rs169. SBM traded level at Rs82. NMH was unchanged at Rs68.50. UBP lost -0.9% at Rs109. Terra declined to Rs38 (-1.3%). On the Dem side, Ciel lost 1.8% to end at Rs2.70. ASCE traded unchanged at Rs1,410. UFL traded 1.8% higher at Rs20.67.

Nigeria: ASI +0.26%, USD 9.32m

The market continues to lack conviction from its participants today and failed to get to the $10m level gain. The Lagos bourse opened weaker and continued to weaken throughout the session before making a recovery into the close. The bigger names dominated the little activity that did take place, the most liquid counters were Zenith, GTB, NB, FBN and Guinness. The top tier banks moved marginally today, there was more movement in the middle tier names but in both direction so there is little one can read into this. PZ, the conglomerate, closed +4.99% stronger, DangF gained +4.9%. The National Bureau of Statistics (NBS) today reported Nigeria’s May headline inflation at 12.7% year-on-year (y-o-y), down by 20bps from the 12.9% recorded in April 2012, leading to unchanged rate call. Nigerian violence has gripped two Nigerian towns following Islamist attacks.

South Africa: Top 40 +0.84%, USD 1.56bn

The JSE ended the day higher with the Top 40 index gaining 0.84% to close at 30,707 while value traded amounted to USD 1.56bn. Financials were the day's biggest gainers with the Index gaining 0.96% followed by Industrials and Resources which gained 0.73% and 0.63% respectively. The Rand was trading at 8.21 and 10.42 respectively by the time local markets closed.

Zambia: LuSE -0.97%, USD 65k

Better day today in terms of activity with value traded amounting to USD 65k. The names that traded included CECZ, FQM, LAFA, NATB, PUMA, SCBL and ZSUG. NATB was the biggest contributor towards turnover with value traded in the name amounting to USD 45k. FQM was the second biggest contributor towards turnover with value traded in the name amounting to USD 9k.

Zimbabwe: Industrial Index -0.08%, Mining -1.04, USD 1.3m

The industrial index ended the day in the negative down 0.08% to 131pts as mixed trading in financial stocks weighed down the equities market for the second session. CBZ lost a further 4.04% to 9.5c; FBC slipped 1.64% to 6c as NMBZ lost 4% to 1.2c ahead of its AGM this morning where shareholders approved a share buyback. TN led the risers putting on 21.21% to 4c. Trust advanced a further 15.38% to 1.5c while ABCH recovered 12.50% to 45c.Innscor eased 1.75% or 1c to 56c. TPH lost 25% or 3c of its value to 9c. Volumes traded were much thinner today dropping to 9.9m shares from 24.4m while sustained local participation in Econet helped turnover remain above the $1m mark at $1.3m with Econet accounting for 51% of the turnover. The mining index eased 1.04% to 80.73pts after Bindura traded 3.23% lower at 3c and Hwange which slipped 1.16% to 24.71c. Rio Zim was steady at 40c on a sizeable block of 367 762 shares worth $147,105.