Movers & Shakers: March 08, 2012

Botswana: DCI +0.02%, Vols USD 264k

The DCI ended the day flat with turnover increasing to 264k. Letshego had the lion's share with 1,204,334 shares trading in the name at 150t, accounting for 95% of the day's turnover. Trading was also recorded in two other counters Cresta and FNBB that ended the day unchanged at 100t and 265t.

Egypt: EGX 30 -1.01%, Vols USD 101m

The market managed to end the day in negative territory, leaving the EGX30 to end the day down 1.01%, to close at 5396.85 points. Volumes were within average volumes, market traded a total turnover of USD 101M. Investors are continuing to direct their attention at ORTE and EMOB. ORTE is ended the day at EGP4.49 (up +2.28%) accounting for more than 10% of today's total turnover, EMOB ended the day at EGP182.83 up 0.38%. Moreover, internationals are continuing to book profits in the real estate sector, which witnessed a significant price run on M&A rumors, names such as TMGH, PHDC and OCDI witnessed selling pressure, end the day down 3.04%, 3.07% and 2.72% respectively.

Investor mix:
•  Foreigners were net Sellers by 23.45 mn EGP and were 18.52% of the market.
•  Egyptians were net Sellers by 28.40 mn EGP and were 68.71% of the market.
•  Arabs were net Buyers by 51.86 mn EGP and were 12.52% of the market.
•  Institutions were net Sellers by 81.44 mn EGP and were 34.43% of the market.
•  Retail were net Buyers by 81.44 mn EGP and were 65.56% of the market.

Kenya: NSE 20 +0.4%, Vols USD 2.5m

Turnover on the Nairobi bourse fell by 22.9% to USD 2.5m. on reduced trading on some of the large caps particularly EABL, Safaricom and BAT. Foreign investors remained active but to a lesser extent, accounting for 33.3% of equity volumes, down from 38.8% in the previous session. Equity Bank lost 0.8%; Co-op Bank eased 3.4% while CfC was down 4.4%. Stanchart was unusually active, up just 0.6% while National Bank was unchanged on thin volumes. Kenya Airways rose 2.6% to KES 18. Safaricom shed 3% to KES 3.29 .

Mauritius: Semdex -0.61%, Vols USD 1.5m

The market ended the day in the red with the Semdex and the Sem-7 down 0.61% and 0.79% respectively. Turnover increased to USD1.5m, mainly attributable to MCB. The banking groups saw 69,211 shares trade 0.61% lower at Rs163. SBM was down 0.64% at Rs78. on 50k shares. Gamma Civic saw a cross of 20k shares at Rs354. NMH traded unchanged at Rs71. Lux lost 0.49% on 40,600 shares.

Nigeria: ASI +0.56%, Vols USD 18.11m

The NSE ASI gained 0.56% while value traded amounted to USD 18.11m. Top traded stocks were Ecobank Transnational Incorporated, Resort Savings & Loans Plc, Zenith Bank, GTB, First Bank, IBTC, AIICO Insurance, Livestock Feeds Plc, Dangote Sugar and Skye Bank. Top losers of the day were UBA (-4.95%), Union Bank (-4.95%), Oando (-4.89%), May & Baker Plc (-4.58%) and Wema Bank (-3.85%). The gainers were led by Paints & Coatings Manufactures (5.00%), Nestle (5.00%), Julius Berger (5.00%), Guinness Plc (5.00%) and Dangote Flour (4.98%). The banking sector index closed down 8bps. Access Bank closed down 1.97% at N6.96 and traded 5.25m units while GTB also closed down 1.09% at N14.50 and traded 15.15m units in total. Fidelity Bank closed up 0.68% at N1.49 and traded 1.37m units in total. The sector also had crosses of 73m units of Ecobank Transnational Incorporated, 14m units of Zenith Bank, 10m units of IBTC, 2m units of GTB, 3m units of Sterling Bank, 5.3M units of Skye Bank and 1.5m units of Union Bank. In the building materials sector, Cement Company of Northern closed up 4.23% at N5.42 and traded 181k units while Dangote Cement closed flat at N116.00 and traded 81k units. Lafarge Wapco closed up 0.12% at N40.05 and traded 2.09m units in total. In the food and beverages sector, Nigerian Breweries closed up 1.57% at N97.00 and traded 1.27m units while Nestle also closed up 5.00% at N420.52 and traded 233k units. Guinness closed up 5.00% at N219.55 and traded 15.15m units in total. There were also crosses of 50m units of Resort Savings & Loans Plc and 5m units of AIICO insurance.

South Africa: Top 40 +0.50%, Vols USD 1.82bn

The JSE ended the day higher with the Top 40 Index gaining 0.50% to close at 29,970 while value traded amounted to USD 1.82bn. Financials were the day's biggest gainers with the Index gaining 1.01% followed by Industrials which gained 0.97% while Resources fell 0.12%. The Rand was trading at 7.54 and 9.98 to the USD and EUR respectively by the time local markets closed.

Zambia: Public holiday

Zimbabwe: Industrials -0.14%, Mining Unch, Vols USD 1.36m

ZSE closed the day with no major surprises easing -0.14% to 142.72pts while the mining index was unchanged at 93.12pts. Delta, accounted 54% of the turnover after 1m units were crossed at a stable price of 70c and Econet accounting for 20% of the turnover on a volume of 69 649 shares at 390c. Total turnover declined 27% to $1.361m. Weighing on the industrial index was Dairibord and Meikles which lost 3.33% and 2.86% to 18c and 17c respectively. The equities market cheered FBC Holdings results as it closed 3.08% at 6.7c as 1.2m shares exchanged hands. Radar was +9.09% firmer at 18c and Zimplow 6.38% up at 7.5c. Innscor was steady at 61c, Colcom was bid and offer 31 and 35c respectively while Natfoods was bid and offer 90c and 110c restively having last traded at 120c. There were no trades in the resources sector.