Movers & Shakers: June 20, 2012

African Currencies as at GMT 15:30

Botswana: DCI +0.01%, USD 206k

The market traded sideways today. There was not much on the go in Gaborone besides in NAP where 597,200 shares traded at Bwp235 which accounted for almost 90% of the value traded. Barclays and Primetime were the only movers today, each advancing +1t to 718t and 193t respectively.

Egypt: EGX 30 +0.51%, USD 39m

The market managed to gain some grounds today after witnessing strong selling pressure in the last couple of sessions, the EGX30 ended the day up 0.51% to close at 4,108.40 points, turnover continues to be within resent average volumes, market traded a total turnover of USD 39m. The EGX30 managed to end the day on positive note, this came after the market witnessed a notable sell-off earlier this week lead by foreign institutional investors, yet today local retail and GCC investors supported the market benefiting from the previous price hits in various stocks.

Investor mix:
•  Foreigners were net Sellers by 23.44 mn EGP and were 31.01% of the market.
•  Egyptians were net Buyers by 7.42 mn EGP and were 50.19% of the market.
•  Arabs were net Buyers by 16.02 mn EGP and were 18.80 % of the market.
•  Institutions were net Sellers by 39.99 mn EGP and were 47.40% of the market.
•  Retail were net Buyers by 39.99 mn EGP and were 52.59% of the market.

Kenya: NSE 20 +0.86%, USD 4.46m

Another decent day in Kenya with value traded amounting to $4.46m. EABL completely dominated trading thanks to two large crosses with foreigners being on both sides, a total of 980k shares traded in the counter. There was quite a bit of foreign interest in Equity Bank and accounted for nearly all of the purchases in the name with a total of 1.13m shares changing hands. Fair amount of activity in Barclays with locals dominating acivity in the name as 1.94m shares changed hands. Foreigners were net buyers and accounted for $3.38m of total purchases while they accounted for $2.83m of total sales. The market closed higher with the NSE 20 Index gaining 0.86% to close at 3,694.55.

Mauritius: Semdex -0.18%, USD 881k

It was a quiet session in Mauritius today with a -0.59% loss in MCB and -0.51% in ENL Land being the main reason that the market closed -0.18% weaker. Other than MCB and ENL there were no price movements from the SEM-7. Terra and not MCB was the most active trader today, accounting for 43% of the value traded and closed unch at Mur38.00.

Nigeria: ASI +2.03%, USD 7.6m

The market opened stronger and kept rallying until the bell. The banks were the most active names with a still very low $7.6m worth having traded. GTB, Diamond, FBN, UBA and Zenith were the most active names. All the banks except for a few that closed flat closed in the black with both Zenith and GTB ending more than +4% higher. Another notable gainer was DangCem (almost 30% of the index) +3.85%. UACN was one of the few names that are on our radar that closed lower, -0.73%. Aliko Dangote took over as president of the Nigerian Stock Exchange board.

South Africa: Top 40 +0.19%, USD 1.72bn

The JSE ended the day higher with the Top 40 index gaining 0.19% to close at 30,764 while value traded amounted to USD 1.72bn. Financials were the day's biggest gainers with the Index gaining 0.78% followed by Resources and Industrials which gained 0.18% and 0.06% respectively. The Rand was trading at 8.18 and 10.40 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -0.23%, USD 350k

Acivity picked up substantially today with value traded amounting to USD 350k thanks to a cross in NATB. The names that traded included CECZ, NATB, PUMA, REIZ, SCBL, ZNCO and ZSUG. NATB was the biggest contributor towards turnover with value traded in the name amounting to USD 340k. CECZ was the second biggest contributor towards turnover with value traded in the name amounting to USD 3k.

Zimbabwe: Industrial Index +0.02%, Mining +0.66%, USD 1.98m

The industrial index snapped a two day downward movement to post a marginal +0.02% gain. Innscor lost -1.79% or 1c to 55c while Hippo dropped -5% to 95c in an otherwise bullish market. Seedco rose +2c or +2.41% to 85c. Trading activity improved marginally with sustained local buying in Econet boosting turnover to $1.986m from $1.3m. Econet was steady at 416c despite selling pressure as 246,926 units exchanged hands accounting for 51% of market turnover. Foreign participation improved notably as purchases rose 172% to $561,732 while sales increased 230% to $461,242. The mining index managed a +0.66% gain supported by a 1.17% recovery in Hwange to 25c. BNC traded a notable volume of 254 000 at 3c for the second session ahead of the $21m recapitalization of the group.