Movers & Shakers: March 02, 2012

Botswana: DCI +0.06%, Vols USD 381k

The DCI ended the week on an active note with market turnover at USD381k. As the norm with small market, turnover was dominated by one counter - Barclays, which accounted for 95% of the day's turnover with 370,319 shares exchanging hands at 705t. Choppies lost 1t to 169t. Primetime was down 5t to 180t while RDCP gave-up 10t at 685t on thin vols.

Egypt: Closed for the day

Ghana: Vols USD 60k

Value traded on the Ghanaian Stock Exchange amounted to USD 60k. TOTAL was the biggest contributor towards value traded (36.31%) with the name closing at 26.00. FML was the second biggest contributor towards value traded (25.66%) with the counter closing at 2.19.

Kenya: NSE 20 +0.5%, Vols USD 4.3m

The Nairobi bourse ended the week on an upbeat note. Turnover for the day stood at USD 4.3m (+9.7%) boosted by block trades on Equity Bank, KCB Bank and Barclays Bank which together contributed to 78.0% of the day’s total activity. Equity Bank increased by 2.7% to KES 19.00 on 9.8m shares. KCB Bank traded 3.7% higher to KES 21.50. EABL edged up 1.1% to KES 195.00 on 45,900 shares.

Mauritius: Semdex +0.01%, Vols USD 1.3m

The Semdex inched up 0.01% to 1,779.89pts while the Sem-7 ended 0.14% lower at 333.62pts. SBM witnessed several crosses in the name today. 114,800 shares traded 0.635 lower at Rs78.50. Sun Resorts edged up 0.25% at Rs40. Lux rose by 0.49% to Rs20.40 on 238,400 shares. NMH traded level at Rs70.

Nigeria: ASI +1.42%, Vols USD 10.83m

The NSE ASI gained 1.42% while value traded amounted to USD 10.83m. Top traded stocks were Intercontinental WAPIC Insurance, UBA, Fidelity Bank, Zenith Bank, Fidson Healthcare, GTB, Transcorp, Diamond Bank, First Bank and Skye Bank. Top losers of the day were Glaxo Smithkline (-4.81%), Goldlink Insurance (-4.48%), Fidson Healthcare (-4.40%), Dangote Sugar (-3.39%) and IBTC (-2.57%). The gainers were led by Dangote Cement (5.00%), Julius Berger (4.97%), BAGCO (4.94%), UBA (4.93%) and NCR Plc (4.92%). The banking sector index closed up 232bps. First Bank closed up 2.52% at N11.39 and traded 12.25m units while GTB also closed up 0.99% at N14.25 while trading 16.17m units. UBA closed up 4.93% at N2.98 while trading 85.35m units. The sector also had crosses of 49m units of UBA, 19m units of Fidelity Bank, 6.4m units of Zenith Bank, 1m units of GTB, 14.3m units of Diamond Bank, 10m units of Skye Bank and 1.7m units of Unity Bank. In the building materials sector, Cement Company of Northern Nigeria closed up 1.09% at N4.65 and traded 55k units while Ashaka Cement closed up 1.72% at N10.07 and traded 326k units in total. Dangote Cement closed up 5.00% at N110.25 and traded 173k units. In the food and beverages sector, Nigerian Breweries closed up 1.03% at N92.95 and traded 937K units in total while Dangote Flour also closed up 0.24% at N4.15 and traded 224k units. Cadbury closed up 4.92% at N9.17 and traded 674k units in total. There were also crosses of 83m units of Intercontinental WAPIC Insurance, 14m units of Fidson Healthcare, 10m units of Transcorp and 3.3m units of Livestock Feeds.

South Africa: Top 40 Index -0.39%, Vols USD 1.49bn

The JSE ended the day lower with the Top 40 Index falling 0.39% to close at 30,406 while value traded amounted to USD 1.49bn. Resources were the day's biggest losers with the Index falling 0.77% followed by Financials which fell 0.53% while Industrials gained 0.09%. The Rand was trading at 7.50 and 9.93 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE +0.05%, Vols USD 39k

The market recorded a turnover of USD 39,747. The names that traded inclueded PUMA, ZNCO, SCBL and CECZ. PUMA was the biggest contributor towards turnover with value traded in the name amounting to USD 36k. ZNCO was the second biggest contributor towards turnover with value traded in the name amounting to USD 2.9k.

Zimbabwe: Industrials -0.15%, Mining Unch, Vols USD 707k

The industrial index closed the week softer easing -0.15% to 144.37pts. ABC lost -10.67% or -10c to 67c, NMBZ eased -9.09% to 1c while Barclays lost -2.22%. FBC was however firm buyers at 6.50c. Delta slipped -1.29% to 69.10c while Econet and Old mutual eased -1c apiece to 390c and 170c respectively. Loses were mitigated by gains in AICO up 2.63% to 19.5c and OK which advanced +4.55% to 11.5c. The mining index was steady at 92.39pts but was inactive. Rio closed offered only at 60c after issuing a circular on revised recapitalization. The group intends to raise capital way of rights issue ($5m) at a subscription price of 50c, private placement ($6.5m) and $45m by way of convertible debentures.