Movers & Shakers: March 07, 2012

Botswana: DCI -0.02%, Vols USD 22k

The market was characterised by thin vols with only USD 22k crossing the floor today compared to USD1.7m yesterday. ABCH edged up 5t to 440t while Turnstar traded 2t higher at 132t. Cresta was unchanged at 100t. FSG and Primetime also traded level at 130t and 180t respectively.

Egypt: EGX 30 +0.43%, Vols USD 140m

The market managed to end the day in positive territory, leaving the EGX30 to end the day up 0.43%, to close at 5452.03 points. Volumes continue to improve compared to resent market volumes, market traded a total turnover of USD 140m. Market was extremely volatile today, on the back of aggressive buying interest from both local and gulf investors in ORTE, on the back of Algerian government re-iterating their intention to complete their valuation of Djezzy before the end of the month. The stock traded extremely large volumes accounting for almost 20% of today's total traded turnover.The rest of the market was generally subdued with relative weakness particularly in the real estate sector and HRHO, on the back of increased selling from both local and international institutional investors. We expect this wave of volatility to continue for the next few weeks until more clarity on the Egyptian political scene is revealed.

Investor mix:
•  Foreigners were net Sellers by 55.29 mn EGP and were 13.45% of the market.
•  Egyptians were net Buyers by 40.80 mn EGP and were 79.45% of the market.
•  Arabs were net Buyers by 14.48 mn EGP and were 7.1% of the market.
•  Institutions were net Sellers by 62.81 mn EGP and were 30.87% of the market.
•  Retail were net Buyers by 62.81 mn EGP and were 69.12% of the market.

Kenya: NSE 20 +0.5%, Vols USD 3.3m

The NSE 20 buoyed by increased investor appetite share index edged-up 0.5% to close at 3,380.27. Market turnover increased 41.0% to USD 3.3m. BAT Kenya added on 0.3% to KES 304.00 on a volume of 313,400 shares. EABL traded 182,300 shares during today’s session to close 0.5% higher at KES 198.00. Ahead of FY11 results expected tomorrow, Equity Bank moved 1.1m shares at an improved average price of KES 19.60 (+1.0%). Co-op Bank and CFC Stanbic Bank are also expected to announce FY11 results tomorrow. The counters closed 1.9% and 7.1% higher at KES 13.20 and KES 45.25 respectively. KenolKobil edged up 1.2% to KES 11.20.

Mauritius: Semdex -0.05%, Vols USD 493k

Trading was relatively quiet today with the official turnover at Rs7.6m and the DEM recording turnover of Rs6.7m. MCB remained level at Rs164 while SBM edged up 0.6% to close at Rs78.50. NMH increased by 1.4% to Rs71, while Lux edged up 0.5% to Rs20.50. ENL Land was down 2.44% to Rs40. Rogers lost 0.66% at Rs302.

Nigeria: ASI +0.46%, Vols USD 11.54m

The NSE ASI gained 0.46% while value traded amounted to USD 11.54m. Top traded stocks were Zenith Bank, UBA, GTB, Access Bank, AIICO Insurance, Fidelity Bank, First Bank, Unity Bank, Transcorp and Skye Bank. Top losers of the day were Avon Crowncaps and Containers (-4.84%), Red Star Express (-4.78%), UBA (-4.71%), Ikeja Hotel (-4.65%) and Livestock Feeds (-4.65%). The gainers were led by Mobil (5.00%), NCR Plc (4.99%), Cadbury (4.99%), Learn Africa Plc (4.98%) and Dangote Flour (4.98%). The banking sector index closed down 68bps. Zenith Bank closed up 0.07% at N13.66 and traded 33.99m units while UBA closed down 4.71% at N2.83 while trading 23.79m units. Access Bank closed down 2.74% at N7.10 while trading 14.42m units. The sector also had crosses of 20m units of Zenith Bank, 18.7m units of UBA, 2.8m units of GTB, 1.7m units of Access Bank, 8.2m units of Fidelity Bank, 4m units of First Bank and 3.1m units of Unity Bank. In the building materials sector, Cement Company of Northern Nigeria closed down 1.56% at N5.20 and traded 716k units while Ashaka Cement closed up 2.52% at N10.99 and traded 552k units in total. Dangote Cement closed up 1.93% at N116 and traded 380k units. In the food and beverages sector, Nigerian Breweries closed up 0.63% at N95.50 and traded 1.88m units in total while Dangote Flour closed up 4.98% at N4.22 and traded 1.52m units. Cadbury closed up 4.99% at N10.10 and traded 413k units in total. There were also crosses of 7m units of AIICO Insurance and 1.3m units of Presco Plc.

South Africa: Top 40 +0.71%, Vols USD 1.39bn

The JSE ended the day higher with the Top 40 Index gaining 0.71% to close at 29,822 while value traded amounted to USD 1.39bn. Resources were the day's biggest gainers with the Index gaining 0.83% followed by Industrials and Financials which gained 0.61% and 0.46% respectively. The Rand was trading at 7.66 and 10.04 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -0.06%, Vols USD 1.54m

The market recorded a turnover of USD 1,547,118. The names that traded included ZMBF, CECZ, PUMA, SCBL, ZSUG, INVE and LAFA. ZMBF was the biggest contributor towards turnover with value traded in the name amounting to USD 1.53m. CECZ was the second biggest contributor towards turnover with value traded in the name amounting to USD 6k.

Zimbabwe: Industrials -0.19%, Mining -1.43%, Vols USD 1.9m

The equities market, clearly lacking stimuli continued to slide slower with both indices closing the mid week trade in the negative. The industrial index lost -0.19% to settle at 142.92pts and the mining index eased -1.43pts to 93.12pts. Weighing down the industrial index was banking group, Barclays which lost a further -4.31% to 4c despite reporting their first full year profits last week. TN Holdings was the worst performing stock of the day losing -16.67% to 4c. African sun lost -12.50%, Turnall declined -10.24% to 9.99c and Innscor eased -0.16c to 61c. Turnover improved to $1.9m from 6.8m shares spurred by heavy foreign participation in Delta, AICO, Econet and Innscor. Delta was the most traded stock by value after 1.650m shares exchanged hands at a stable price of 70c in trades worth $1.2m. AICO advanced 2.11% to 19.40c buoyed by foreign buying of 405,691 shares while Econet was steady at 390c. Foreign participation was 82% of buying side and 56% on the selling side and net buyers by $476,978. In the resources sector, a 3.23% loss in Hwange to 30c outweighed +19.05% gain in Bindura to see the mining index close -1.43% lower at 93.12. There were no takers in Rio which closed offers at 50c.