Movers & Shakers: March 13, 2012

Botswana: DCI -0.02%, Vols USD 581k

The market ended the day slightly softer with the DCI dropping 0.02% to close at 7,028.10 while value traded amounted to USD 581k. Turnstar (135, +1t) was the only name to end higher on the day while Furnmart (145, -4t) and NAP (218, -1t) were the only counters to end lower.

BRVM: BRVM Composite -0.44%, BRVM 10 -0.59%, Vols USD 524k

The BRVM ended the day lower with the BRVM Composite falling 0.44% to close at 149.52 while the BRVM 10 fell 0.59% to close at 173.98. Value traded for the day amounted to USD 524k. CFAO CI was the day's biggest gainer with the counter rallying 7.49% to close at XOF 20,020. UNIWAX CI was the day's biggest loser with the name falling 7.50% to close at XOF 6,475.

Egypt: EGX 30 -3.27%, Vols USD 96.5m

The market witnessed notable selling pressure , bringing the EGX 30 down 3.27 % to close at 5052.18 points . Volumes weaker than recent market volumes averages, market traded total turnover of USD 96.5m. The market the traded the day with a profit taking sentiment, profit taking is quite evident amongst Foreign and local institutions at current levels following the recent rally witnessed in most stocks. OTMT lead the market in terms of volumes, the name witnessed descent selling pressure, this came on the back many investors switching out of OTMT and into EMOB as a safer play for the tender offer, many are also concerned with the pay-out ratio on the special dividend by OTMT and some are not too keen on waiting for a cash option given the volatility of North Korea, OTMT ended the day down 2.03% to close at EGP1.45.

Investor mix:
•  Foreigners were net Sellers by 49.10 mn EGP and were 12.15% of the market.
•  Egyptians were net Buyers by 24.66 mn EGP and were 81.51% of the market.
•  Arabs were net Buyers by 24.44 mn EGP and were 6.34% of the market.
•  Institutions were net Sellers by 104.04 mn EGP and were 42.95% of the market.
•  Retail were net Buyers by 104.04 mn EGP and were 57.04% of the market.

Kenya: NSE 20 -1.2%, Vols USD 2.17m

Rather quiet in Kenya today with value traded amounting to USD 2.17m while the NSE 20 Index fell 1.2% to close at 3,358.60. Foreign purchases accounted for USD 494k of total purchases while foreign sales accounted for USD 867k of total sales. EQBNK was the biggest contributor towards value traded (USD 1.17m) with the name closing at 18.55. NMG was the secon biggest contributor towards value traded (USD 180k) with the counter closing at 165.00. UCHM closed the day at 9.95 and was the third biggest contributor towards value traded (USD 160k).

Mauritius: Semdex +0.18%, Vols USD 400k

The market ended the day higher with the Semdex gaining 0.18% to close at 1,771.32 while value traded amounted to USD 400k. MCB gained 0.62% to close at 163.00 while SBM closed the day unchanged at 78.00. NMH and Rogers both closed the day flat at 71.00 and 300.00 respectively. ENL fell 1.27% to close at 39.00 while Terra gained 0.52% to close at 38.50.

Nigeria: ASI +0.20%, Vols USD 34.78m

The NSE ASI gained 0.20% while value traded amounted to USD 34.78m. Top traded stocks were Nestle, Nigerian Breweries, Zenith Bank, First Bank, IBTC, Access Bank, UBA, Fidelity Bank, Diamond Bank, Austin Laz & Company and Transcorp. Top losers of the day were Guinness (-4.94%), Portland Paints (-4.94%), Union Bank (4.93%), Goldlink Insurance (-4.84%) and Eterna Oil (-4.83%). The gainers were led by Berger Paints (5.00%), Nestle (4.98%), Julius Berger (4.97%), Dangote Cement (4.93%) and Dangote Sugar (3.88%). The banking sector index closed down 253bps. Zenith Bank closed down 3.65% at N13.21 and traded 44.51m units while First Bank also closed down 3.20% at N10.60 while trading 9.47m units. Access Bank closed down 4.52% at N6.55 while trading 7.5m units. The sector also had crosses of 33m units of Zenith Bank, 7.8m units of IBTC, 2.7m units of Access Bank, 18.9m units of Fidelity Bank, 1.2m units of Unity Bank and 2.5m units of Diamond Bank. In the building materials sector, Cement Company of Northern Nigeria closed down 2.78% at N4.90 and traded 44k units while Dangote Cement closed up 4.93% at N116 and traded 130k units in total. Lafarge Wapco closed up 0.10% at N40.15 and traded 1.49m units. In the food and beverages sector, Nigerian Breweries closed flat at N98 and traded 24.22m units in total while Nestle closed up at N486.70 and traded 3.19m units. Cadbury also closed up 3.18% at N10.70 and traded 779k units in total. The sector also had crosses of 2m units of Nestle and 17.9m units of Nigerian Breweries. There were also crosses of 8.3m units of Austin Laz & Company and 6.1m units of Transcorp.

South Africa: Top 40 +0.78%, Vols USD 1.85bn

The JSE ended the day higher with the Top 40 Index gaining 0.78% to close at 30,302 while value traded amounted to USD 1.85bn. Resources were the day's biggest gainers with the Index gaining 0.89% followed by Financials and Industrials which gained 0.81% and 0.72% respectively. The Rand was trading at 7.54 and 9.88 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -0.05%, Vols USD 74k

The market recorded a turnover of USD 74,007. The names that traded included PUMA, LAFA, SHOP, SCBL, INVE, ZSUG & CECZ. LAFA was the biggest contributor towards turnover with value traded in the name amounting to USD 66k. SHOP was the second biggest contributor towards turnover with value traded in the name amounting to USD 4k.

Zimbabwe: Industrials -0.43%, Mining -4.63, Vols USD 698k

The industrial index lost a further -0.43% to close at 141.37pts while the mining index was -4.63% in the negative at 88.10pts. CBZ slipped -14.29% to 6c on selling pressure as the market anxiously waits for its December financials. Heavy weight counters ABC, AICO, Colcom and Innscor traded -1c softer at 69c, 18.5c, 31c and 60c respectively while Old Mutual also eased -0.59% to 169c. Delta retreated 0.14% or 0.1c to 69.9c while Econet has managed to hold it steady at 390c. Turnover was much lower today dropping 61% to $698,719 despite an improvement in volumes to 9.1m shares from 4m recorded yesterday. All the four counters in the resources sector recorded trades. Hwange eased -6.67% or 2c to 28c, Rio lost -6% or 3c to 47c, Falgold was 4.76% firmer at 11c while Bindura traded unchanged at 2c.