Movers & Shakers: March 21, 2012

Botswana: DCI +0.09%, Vols USD 23k

Gaborone continued to see no action with turnover at USD 23k today. The DCI up 0.09% at 7057.31pts. Movement was only recorded in Cresta and Turnstar which both added on 3t to end at 110t and 138t respectively. Letshego saw 6,494 shares trade in the name at 150t. Sechaba traded flat at 1211t.

Egypt: EGX 30 +1.07%, Vols USD 61m

The market managed to end the day higher, leaving the EGX30 up 1.07% to close at 5134.01 points. The market traded below average volumes, market traded a total turnover of USD 61m. The market continued to grab investors appetite today with local institutions along with local retail and Arab investors as net buyers benefiting from the recent market correction, yet foreign institutions continue to minimize their exposure in the market. A few names bucked the general trend today, names such as OCIC, PHDC and OTMT came off their best levels and ended the day down 0.94%, 1.55% and 0.70% respectively.

Investor mix:
•  Foreigners were net Sellers by 54.35 mn EGP and were 15.94% of the market.
•  Egyptians were net Buyers by 32.36 mn EGP and were 74.33% of the market.
•  Arabs were net Sellers by 21.99 mn EGP and were 9.27% of the market.
•  Institutions were net Sellers by 34.01 mn EGP and were 31.13% of the market.
•  Retail were net Buyers by 34.01 mn EGP and were 68.86% of the market.

Kenya: NSE20 +0.23%, Vols USD 3.65m

Relatively active day in Kenya today thanks to a large cross in EABL with 303k shares changing hands at 197, both buyer and seller were local with the counter rallying 6.52% after coming under pressure yesterday. Equity Bank was also relatively active today with a number of smaller crosses going through in the name. KNCB was another strong performer, rallying 3.61% on decent volume of 2.9m shares thanks to a few crosses. Total value traded on the market amounted to $3.65m with foreign purchases accounting for $2.87m of total purchases while foreign sales accounted for $762k of total sales. The market closed higher with the NSE 20 Index gaining 0.23% to close at 3,293.10.

Mauritius: Semdex +0.08%, Vols USD 279k

MLC continued to draw attention on the Semdex with the counter trading 19.10% higher at Rs10.60. Banking stocks MCB and SBM traded level at Rs163 and Rs78.50 respectively. MCB saw some 2m shares trade in the name while SBM had 4k shares exchange hands. ENL traded 1.35% in the red at Rs36.50 on 7,500 shares. PBL was down 2.44% at Rs200 on thin trading. Rogers won back part of its losses ending 0.69% down at Rs292.

Nigeria: ASI +0.32%, Vols USD 19.04m

Trading on the market was once again dominated by a few large crosses, noticeably so in Guinness with 70m shares being crossed early on, a total of 113m shares traded in the name. NB and Guinness were also rather active with a cross of 6m shares going through in NB and about 270k shares crossing in Guinness at the 231 level. Relatively active in terms of volume with value traded amounting to $19.04m. The market managed to close in positive territory with the ASI gaining 0.32% to close at 21,072.95 while the Bank10 index gained 0.93%. FCMB managed to stage a comeback today after being hammered in the last few sessions with the name closing limit up and net bid at 4.06.

South Africa: Public Holiday

Zambia: LuSE -0.44%, Vols USD 1.57m

Much better day in Zambia today with value traded amounting to $1.57m thanks to a large cross of 3m Zambeef at 2,600 ($1.56m). The other names that traded included CECZ, PUMA, REIZ, ZNCO and ZSUG. Zanaco was the second biggest contributor towards turnover with value traded in the name amounting to USD 6.4k.

Zimbabwe: Industrials +0.18%, Mining Unch, Vols USD 768k

The main index posted a second successive gain albeit marginal on gains in Natfoods, Colcom and SeedCo. Sentiment in most stocks remains largely negative as eight of the thirteen movers were fallers mostly in the light weight tier. National foods’ steady rise on solid demand continued today after gaining +3.76% to 110c while Colcom were in a +3.33% rebound to 31c. SeedCo added +0.99% to 105.03c while TNH rose +4.75% to 4.41c in the aftermath of the launch of additional business units to their stable. TSL led the risers for the day after adding +14.29% to 8c as tobacco sales statistics in the on going selling season continue to indicate that the groups tobacco auction unit. On the losing end however perennial under performers Star Africa led the shakers down -12.50% at 0.7c while TA succumbed to selling pressure shedding -6.67% to 14c. CBZ turn in fortunes hit a new low today closing the day at a low of 5.85c after dropping -2.5%. The mining index was flat again today after Falgold, Bindura and Hwange traded unchanged at 11c, 2c and 27c respectively while there were no trades in RioZim.