Movers & Shakers: March 26, 2012

Botswana: DCI +0.01%, Vols USD 188k

The market was characterised by increased vols with USD 188k worth exchanging hands today. Primetime with 36% of the day's turnover saw 271,951 shares trade in the name at 180t. Letlole added on 10t to 110t. FNBB was up 2t to 272t. Sefalana and Turnstar picked up a thebe each to end the day at 281t and 139t respectively. Choppies lost 1t to 149t while FSG was also down 1t to 129t.

Egypt: EGX 30 -1.09%, Vols USD 64.84m

The market managed to end the day in negative territory, leaving the EGX30 to end the day down 1.09%, to close at 4908.43 points. Volumes continue to be weak, market traded at total turnover of USD 64.84m. The market continues to witness selling pressure mainly by local retail and institutions, this is attributed to tensions intensifying between SCAF and Muslim Brotherhood which could result to more political unrest. HRHO managed to trade the market sentiment, the name managed to gain investors interest after news was released that HRHO is in t was in discussions with QInvest for a possible merge, the name traded a total turnover of 34mil shares to end the day up 5.00% to close at EGP13.43.

Investor mix:
•  Foreigners were net Buyers by 20.03 mn EGP and were 20.41% of the market.
•  Egyptians were net Sellers by 30.89 mn EGP and were 72.95% of the market.
•  Arabs were net Buyers by 10.85 mn EGP and were 6.64% of the market.
•  Institutions were net Sellers by 0.110 mn EGP and were 35.07% of the market.
•  Retail were net Buyers by 0.110 mn EGP and were 64.92% of the market.

Ghana: Vols USD 109k

Value traded on the Ghanaian Stock Exchange amounted to USD 109k. GCB was the biggest contributor towards value traded (49.94%) with the name closing at 1.85. Total was the second biggest contributor towards value traded (13.76%) with the counter closing at 26.20. CAL Bank rose the most in more than three weeks after the company said it is raising $42m in a private placement. the name gained 4.17% to close at 0.25.

Kenya: NSE 20 -0.88%, Vols USD 5.10m

Great start to the week from an activity point with value traded amounting to $5.10m thanks to a few crosses in a number of the blue chips. There was a large cross of 782k EABL @ 205 with the buyer being foreign while the seller was local, the name closed at 204, with 1.17m shares changing hands. KNCB was also rather active with a number of medium sized crosses going through, 2.74m shares traded with the name closing at 22.50, its highest close in over eight months after a report said that its market share in the country’s aggregate mortgage lending jumped. Foreign purchases in the markets accounted for $3.83m of total purchases while foreign sales accounted for $563k of total sales. The market ended the day lower with the NSE 20 Index falling 0.88% to close at 3,312.56. on the news front President Mwai Kibaki said that that East African country had discovered oil in Northern Kenya where British Tullow Oil Plc has been conducting exploratory drilling.

Mauritius: Semdex Unch, Vols USD 441k

The Semdex remained flat today recording turnover of Rs12.6m. The Sem-7 ended 0.44% in the green driven by gains in MCB, Terra and Rogers. Rogers traded 1.7% higher at Rs301 on 15.9k shares. MCB was up 0.62% to Rs163. Terra edged-up 1.1% while Innodis increased by 1.35 on thin trading. MLC slid by 8.7% to Rs10.50 on Rs1.8m shares. The market recorded two crosses of 38k and 22k shares on MDIT that drove the share price up 1% to Rs4.90.

Nigeria: ASI -0.19%, Vols USD 11.89m

Very quiet day in Nigeria today with value traded amounting to $11.89m. With Zenith Bank going ex-div today the name could only trade at a price of 12.75 (the dividend was 0.95 kobo), there was a decent amount of activity in the counter with 16m shares changing hands which included a few crosses. Nigeria Breweries was one of the bigger contributors towards activity with a cross of 2.8m shares at 97.50, a total of 5m shares traded with the counter closing at 97.50. After a few sessions of rallying, FCMB came under some pressure today, falling 2.95% to close at 4.27 on decent volume of 23m shares. The market closed the day lower with the ASI falling 0.19% to close at 21,035.49 while the Bank10 Index fell 1.29%. General Electric signed a memorandum of understanding with Nigeria to invest $10bn in projects to generate 10,000 megawatts of electricity.

South Africa: Top 40 +0.27%, Vols USD 1.46bn

The market ended the day in positive territory with the Top 40 index gaining 0.27% to close at 29,796 while value traded amounted to USD 1.46bn. Industrials were the day's biggest gainers with the Index rallying 0.44% followed by Financials and Resources which gained 0.29% and 0.08% respectively. The Rand was trading at 7.60 and 10.11 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE +0.21%, Vols USD 4.8k

Exceptionally quiet day in Zambia today with value traded amounting to a paltry $4.8k. The names that traded included CEZ and ZSUG. CECZ was the biggest contributor towards turnover with value traded in the name amounting to USD 2.4k. ZSUG was the second biggest contributor towards turnover with value traded in the name amounting to USD 2.4k.

Zimbabwe: Industrials -0.10%, Mining +2.06, Vols USD 1.3m

The Industrial index commenced the week 0.10% in the red to 139.12pts. Financial stocks weighed down on the overall performance as Barclays hit a 52-week low of 3.7c after losing 7.50%, Trust slipped -6.98% to 0.8c while FBCH dropped a marginal 0.15% to 6.50c. FBC was actively traded in, accounting for 60% (4.05m shares) of the 6.8m shares that traded today. Econet gave in to selling pressure to ease 0.52% or 1.49c to 383c on a sizable block of 172,752. Volumes traded improved to 6.8m from Friday’s 3m while foreign buying in Econet spurred turnover to $1.3m from $410,291. Natfoods continued on its fine run rising +4.145 to 125c, DZL recovered +3.03% to 17c while TA rose +2.74% to 15c ahead of its December finals due tomorrow. The mining index recorded a movement after being stagnant at 85.45pts over the past week. The mining index rose +2.06% to 87.21pts buoyed by Rio which added 11.11% to 50c after shareholders approved recapitalization plans at last Friday’s EGM that saw MD Josh Sachikonye stepping down from the group with effect from 1 April 2012. Rio Zim was the only mining stock to record a trade.