Movers & Shakers: May 07, 2012

Botswana: DCI +0.39%, Vols USD 3.65m

The market closed the day higher with the DCI gaining 0.39% to close at 7,143.85 while value traded amounted to USD 3.65m thanks to a large cross of 14.4m Turnstar at 159. FSG (138t, +1t) and Turnstar (159t, +4t) were the only names that closed higher on the day while there were no counters that closed lower.

Egypt: EGX 30 +1.09%, Vols USD 80m

The market managed to end the day higher, leaving the EGX30 to end the day up 1.09% to close at 5028.00 points. Market volumes has improved compared to recent market volumes, market traded a total turnover of USD 80m. Investors main focus today was HRHO, this came after HRHO and QInvest have announced that they have entered into a joint venture agreement which involves EFG Hermes’ Brokerage, Research, Asset Management, Investment Banking and Infrastructure Fund businesses (excluding Credit Libanais, the Lebanese commercial banking arm in which EFG Hermes owns 65% of and the private equity arm), the firm also announced that they will recommend to its board of directors an EGP4.00 special dividend per share. HRHO lead the market in terms of volumes, accounting for % of total turnover, the name ended the up 5.24% to close at EGP13.85.

Investor mix:
•  Foreigners were net Sellers by 31.75 mn EGP and were 27.73% of the market.
•  Egyptians were net Buyers by 24.87 mn EGP and were 63.91% of the market.
•  Arabs were net Buyers by 6.88 mn EGP and were 8.36% of the market.
•  Institutions were net Sellers by 50.60 mn EGP and were 38.33% of the market.
•  Retail were net Buyers by 50.60 mn EGP and were 61.66% of the market.

Kenya: NSE 20 -0.33%, Vols USD 5.70m

There seemed to be a bit of profit taking after a good run in Nairobi today with the NSE 20 Index falling 0.33% to close at 3,599.13 largely as a result of foreigners being net sellers and accounting for $3.22m of total sales while they accounted for $2.08m of total purchases. EABL led from the front yet again in terms of value traded with a total of 709k shares changing hands in the name with a large cross of 470k shares going through at 213. There were a number of crosses in Equity Bank today taking the total amount of shares traded in the counter to 6.78m. Safcom continued to rally ahead of the company's results with the name gaining 1.45% to close at 3.45, a total of 11m shares traded thanks to a cross of 10m shares at 3.50 with the buyer being local. Total value traded on the market amounted to a healthy $5.70m. Tullow Oil said that it discovered more oil at Kenya's onshore Ngamia-1 well and it will continue drilling at the site.

Mauritius: Semdex -0.12%, Vols USD 524k

Another rather quiet day in Mauritius with value traded amounting to USD 524k. There were a number of smaller crosses in MCB today with a total of 29k shares traded in the name. There were also a few decent crosses in SBM with 86k shares changing hands while the counter fell 0.62% to close at 81.00. Rather Quiet in NMH today with 9k shares traded while the name closed flat at 72.00. The market closed in negative territory with the Semdex falling 0.12% to close at 1,795.86.

Nigeria: ASI -0.28%, Vols USD 39m

Another active day in Lagos today with value traded falling just shy of the $40m mark although the strong upswing in the mkt ended with a -28bp pullback being the closing mark. The banks dominated the activity as is usually the case, UBA, FBN (with a massive 164m shares changing hands), Diamond Banks, GTB, Access and Zenith were the most active. The two most notable losers from the more prominant banks were GTB down -2% and Zenith -4.06% weaker. Crosses were the order of the day in some names and most notable in UBA, FBN and Diamond. UBA, Access and FBN were stronlgly bid at the open but were supplied at max price at various stages during the session. Outside of the banks NB was a significant loser after the name closed -2.37% worse off.

South Africa: All Share -0.56%, Vols USD 696m

Very quiet day on the JSE today as a result of the Bank Holiday in the U.K with value traded amounting to USD 696m while the Top 40 Index fell 0.56% to close at 29,898. Resources were the day's biggest losers with the Index falling 0.85% followed by Financials and Industrials which fell 0.78% and 0.26% respectively. The Rand was trading at 7.82 and 10.21 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -0.16%, Vols USD 19k

Quiet day in Zambia with value traded amounting to USD 19k. The names that traded included CECZ, LAFA, REIZ, ZMBF, ZNCO and ZSUG. CECZ was the biggest contributor towards turnover with value traded in the name amounting to USD 14k. ZNCO was the second biggest contributor towards turnover with value traded in the name amounting to USD 2k.

Zimbabwe: Industrial +0.36%, Mining -0.90%, Vols USD 1.08m

Decent start to the week from a value perspective with value traded amounting to USD 1.08m. Delta and Econet dominated trading and today and contributed towards the Industrial Index's 0.36% gain. There were however only 15 counters that traded in the Industrial sector. Hwange was the only name that traded in the Mining sector, with the Index falling 0.90% to close at 91.12.