Movers & Shakers: May 03, 2012

Botswana: DCI +0.04%, FCI -0.02, Vols USD 179k

Letshego was the day's top traded stock with 768,643 shares trading in the name at 150t accounting for 90% of the turnover. Choppies remained unchanged at 160t. 2500 shares traded in BIHL at 1000t. Sefalana traded flat at 275t on 1000 shares.

Egypt: EGX 30 +0.46%, Vols USD 52m

The EGX30 index managed to end the day in positive territory after it traded in the red un-till the last 30mins in the session, the tables turned as buying interest was evident following a live TV speech from SCAF which highlighted that presidential elections will be held on time with no intentions from SCAF not to handover power, and requesting from political powers to advise protesters not to sit-in near the Ministry of defense. The speech clearly shifted local investor sentiment which left the EGX30 to close on its day high at 4,929.24points up 0.46% on below average volume of USD 52m. Most stocks managed to rebound and end the day in the black with the exception of COMI(-0.70%) and SKPC(-2.64%). On the other hand, HRHO was today's outperformer as the stock led the market in terms of value and last printed EGP14.10, up 7.14%. OCIC continues to benefit from the demerger process and last printed EGP274.89, +1.62%. PHDC and ESRS were also amongst today's top gainers as both names managed to end the day more than 3% higher from the open.

Investor mix:
•  Foreigners were net Sellers by 62.94 mn EGP and were 24.51% of the market.
•  Egyptians were net Buyers by 39.54 mn EGP and were 62.90% of the market.
•  Arabs were net Buyers by 23.41 mn EGP and were 12.59% of the market.
•  Institutions were net Sellers by 57.12 mn EGP and were 37.00% of the market.
•  Retail were net Buyers by 57.12 mn EGP and were 62.99% of the market.

Kenya: NSE 20 +1.24%, Vols USD 6.15m

Very active day in Nairobi with value traded amounting to a rather healthy $6.15m. EABL led from the front thanks to a number of large crosses in the name with foreigners evident on both sides of the counter, a total of 1.66m shares traded. Safcom was active today with a total of 24.19m shares changing hands after a cross of 12m shares went through at 3.40 early in the session. There were a few medium sized crosses in Kenya Commercial Bank with a total of 1.66m shares traded in the counter. The market closed firmly in positive territory with the NSE 20 Index gaining 1.24% to close at 3,585.12. Foreigners were net buyers. The Central Bank decided to leave rates unchanged at 18% today.

Mauritius: Semdex +0.01%, Sem-7 -0.08%, Vols USD 660k

Mauritius continued trading thins with only USD 660k worth crossing the floor today. MCB saw 86,442 shares exchange hands at Rs160. SBM remained level at Rs81 with only 1k shares trading. NMH was unchanged at Rs72. ENL lost 1.045 at Rs38.10. Terra was down 0.25% on a mere 3k shares.

Nigeria: ASI +0.84%, Vols USD 30m

Another strong rally in Nigeria today with the banks leading the way once more, +3.18%. From the big banks only ETI lost ground -4.19% while FBN, UBA and Zenith all closed greater than +4.91% higher and FBN and UBA closed net bid. Other noticeable losers within the banking sector include FCMB, Skye and IBTC which closed -4.91%, -4.82% and -1.43% weaker. The cement sector also had a strong performance worth noting is the +5% gain. Within the food sector the two Dangote companies moved in opposite directions. DangS fell -8.22% as it was trading at a fixed px, ex-div today, while dangF traded almost limit up at +4.87%. The split between local and internationals was approc 20/80. Zenith released their Q1 results today which are largely in-line with the other big boys, taking into account that the investment banking activities have been split from the business.

South Africa: All Share -0.31%, Vols USD 1.47bn

The Johannesburg market struggled today on soft vals and a -0.31% loss after trading flat until midday. The resources, golds and industrials were the main drag while the financial sector and the banks performed well +1% and 2.15% respectively. The JSE followed global mkt lower with all the major mkts in Europe and N America currently trading or already closed in the red. The banking sector reached a record high today.

Zambia: LuSE +0.08%, Vols USD 210k

Average day in Zambia with value traded amounting to USD 210k thanks to a cross of 350k Zambeef. The names that traded included AELZ, CCHZ, ZMBF, ZMFA and ZSUG. ZMBF was the biggest contributor towards turnover with value traded in the name amounting to USD 197k. ZMFA was the second biggest contributor towards turnover with value traded in the name amounting to USD 8k.

Zimbabwe: Industrial +1.16%, Mining -1.78%, Vols USD 2.2m

The Industrial Index reversed its misfortunes ending the day 1.16% higher at 130.44pts on the back of a 2.94% gain in Delta. Seedco recovered 6.25% at 85c while Turnal increased by 20% to 6c. Old Mutual eased further by 2.59% to 150c, while ART slipped 14.29% to 0.3c. Losses in Rio and Bindura saw the mining index close1.78% in the red at 95.54pts. Rio eased 5.08% or 3c to 56c while Bindura lost 2.15% to 5c.