Movers & Shakers: March 01, 2012

Botswana: DCI +0.01%, Vols USD 268k

The DCI witnessed increased vols today with turnover at USD 268k whilst the index ended the day flat. Barclays edged-up by 4t to 700t. BIHL was up 1t to 981t. G4S added on 1t to 619t while RDCP edged down 5t to 695t. Letshego was unchanged at 140t with only 10k shares trading in the name.

Egypt: EGX 30 +0.38%, Vols USD 116m

The market managed to end the day slightly higher, leaving the EGX30 to end the day up 0.38% to close at 5369.97 points. Volumes were within then recent average volumes, the market traded a total turnover of USD 116m. Volatility continued throughout the day today in Egyptian blue-chips as institutional investors (International) continue to book profits, yet local institutions increased their exposures in the market to be the sole net buyers today. ORTE and EMOB continue to witness buying interest , each ending the day up 1.91% and 0.98% respectively on descent volumes, this came after chatter appeared in the market that the Algerian government will announce their bid on Djezzy before the end of Q1, hence the strong move in the name on above average volumes. Investor mix:

Investor mix:
•  Foreigners were net Sellers by 33.32 mn EGP and were 21.65% of the market.
•  Egyptians were net Buyers by 46.23 mn EGP and were 72.25% of the market.
•  Arabs were net Sellers by 12.91 mn EGP and were 6.10% of the market.
•  Institutions were net Sellers by 11.55 mn EGP and were 33.84% of the market.
•  Retail were net Buyers by 11.55 mn EGP and were 66.15% of the market.

Kenya: NSE 20 +0.3%, Vols USD 3.2m

Turnover on the Nairobi bourse increased by 17.2% to USD 3.2m attributable to strong trading on Equity Bank, KCB Bank and BAT Kenya who together contributed to 63.9% of the total market activity. 2.4m shares traded in KCB Bank at a stable price of KES 20.50. Equity Bank saw 4.2m shares trade in the name at an average of KES 18.50 (-2.6%). Barclays Bank and NIC Bank moved 1.5m and 528,500 shares at KES 13.80(+0.7%) and KES 28.75 (-0.9%) respectively. BATK traded at an average of KES 326.00 (+0.3%). Safaricom traded at an average of KES 3.10(+1.6%) .

Mauritius: Semdex +0.36%, Vols USD 479k

The market reversed part of its losing streak, with the Semdex closing 0.36% higher and the Sem-7 up 0.25%. Lux ended the day at Rs20 on 123,900 shares. Rogers edged up 0.3% to Rs304 but traded at a vwap of Rs303.1176. MCB and SBM both traded at previous levels. United Basalt finished lower at Rs108. On the Dem side, the index lost a mere 0.04% to 146pts.

Nigeria: ASI +0.35%, Vols USD 24.49m

The NSE ASI gained 0.35% while value traded amounted to USD 24.49m. Top traded stocks were FCMB, UBA, Ecobank Transnational Incorporated, Oando, Dangote Sugar, GTB, Goldlink Insurance, Access Bank, Fidelity Bank and First Bank. Top losers of the day were Flour Mills (-4.99%), Avon Crowncaps & Containers (-4.96%), Guinness (-4.95%), Union Bank (-4.93%) and Presco Plc (-4.39%). The gainers were led by Airline Services and Logistics (5.00%), Dangote Sugar (4.93%), Cadbury (4.92%), International Breweries (4.89%) and Cutix Plc (4.86%). The banking sector index closed up 155bps. FCMB closed down 3.94% at N4.15 and traded 214m units while First Bank also closed up 2.97% at N11.11 while trading 8.78m units. UBA closed up 4.80% at N2.84 while trading 131m units. The sector also had crosses of 209m units of FCMB, 109m units UBA, 38m units of Ecobank Transnational Incorporated and 6.5m units of Fidelity Bank. In the building materials sector, Cement Company of Northern Nigeria closed up 2.22% at N4.60 and traded 170k units while Ashaka Cement closed up 1.12% at N9.90 and traded 572k units in total. Lafarge Wapco closed flat at N39.85 and traded 345k units. In the food and beverages sector, Nigerian Breweries closed up 0.99% at N92 and traded 958k units in total while Guinness closed down 4.95% at N209.10 and traded 1.3m units. Cadbury closed up 4.92% at N8.74 and traded 611k units in total. There were also crosses of 22m units of Oando, 10m units of Goldlink Insurance, 1.8m units of Unilever and 1m units of Livestock Feeds.

South Africa: Top 40 Index -0.07%, Vols USD 1.48bn

The JSE ended the day slightly lower with the Top 40 Index falling 0.07% to close at 30,526 while value traded amounted to USD 1.48bn. Resources were the day's biggest losers with the Index falling 1.12% While Financials and Industrials gained 0.89% and 0.28% respectively. The Rand was trading at 7.47 and 9.96 to the USD and EUR respectively bby the time local markets closed.

Zambia: LuSE +0.06%, Vols USD 804k

The market recorded a turnover of USD 804,785. The names that traded included CECZ, FARM, INVE, LAFA, SCBL, ZABR, ZMBF, ZNCO and ZSUG. ZMBF was the biggest contributor towards turnover with value traded in the name amounting to USD 630k. ZSUG was the second biggest contributor towards turnover with value traded in the name amounting to USD 113k.

Zimbabwe: Industrials -0.99%, Mining -3%, Vols USD 1.6m

The Industrial index closed -0.99% softer at 144.59pts. Turnover increased by 403% to $1.6m driven by heavy trading in the market's top capitalized stock Delta that accounted for 89% of the day's total turnover. Econet lost 9c of -2.25% to 391c albeit on a thin volume of just 1,640 units but closed offered at 405c and bid at 385c. Dairibord traded -0.96% lower at 18.52c. Cairns sank to a low of 0.5c after coming off 50%. Afre ended the day -18.75% down at 6.5c. A 16.7% drop in the price of RIOZIM to 50c weighed on the resources as the mining index came off -3% to 92.53pts. Falgold gained +5% to 10.5c, Hwange traded unchanged at 30c and there were no trades in Bindura.