Movers & Shakers: May 08, 2012

Botswana: DCI +0.04%, Vols USD 91k

The market closed rather flat with the DCI gaining 0.04% to close at 7,146.43 while value traded amounted to USD 91k. FSG (139t, +1t) was the only name to trade higher on the day while G4S (585t, -25t) was the only counter to close lower with a cross of 45k shares going through at 585.

Egypt: EGX 30 +0.56%, Vols USD 64m

The market managed to end the day higher, leaving the EGX30 to end the day up 0.56% to close at 5056.09 points. Market volumes were within recent average volumes, market traded a total turnover of USD 64m. Improved sentiment was evident in today’s session after Egypt's NIR's gained for the first time since the revolution, Egypt’s NIR Reached $15.2Bil. Foreign institutions changed trading sentiment to be net buyers today, it’s worth noting that Foreign institutions has been net seller for the past couple of weeks. HRHO lead the market in terms of volumes, yet the name traded against the general market sentiment surprisingly after the M&A news on the name which was expected to be positive on the name, HRHO ended the day down 1.66% to close at EGP13.62 on volumes of 3m shares.

Investor mix:
•  Foreigners were net Buyers by 19.52 mn EGP and were 22.52% of the market.
•  Egyptians were net Sellers by 12.07 mn EGP and were 68.39% of the market.
•  Arabs were net Sellers by 7.45 mn EGP and were 9.10% of the market.
•  Institutions were net Buyers by 2.19 mn EGP and were 41.68% of the market.
•  Retail were net Sellers by 2.19 mn EGP and were 58.31% of the market.

Kenya: NSE 20 unch, Vols USD 7.92m

Another very active day in Nairobi with value traded amounting to a rather impressive $7.92m thanks to a few large crosses in EABL with foreigners being prevalent on both sides of the name, a total of 1.23m shares traded in the counter. Fair amount of activity in Kenya Commercial Bank with 3.01m shares changing hands thanks to a number of decent crosses. Safcom was rather quiet today, but did trade all over the place and was even down 10% on the day at one stage, the counter however managed to close at 3.35. Damburi Cement was relatively active with 448k shares traded in the name. Foreigners were net buyers accounting for $5.30m of total purchases while they accounted for $4.46m of total sales. The NSE 20 Index closed flat at 3,599.18.

Mauritius: Semdex +0.28%, Vols USD 551k

The market closed the day higher with the Semdex gaining 0.28% to close at 1,800.93 while value traded amounted to a very average USD 551k. Both banking stocks MCB and SBM were rather quiet with 17k shares and 22k shares changing hands respectively in the names with no major crosses to report. MCB closed the day unchanged at 166.00 while SBM gained 0.63% to close at 80.50. Not much to report in NMH with 32k shares traded and the counter closing flat at 72.00.

Nigeria: ASI +0.37%, Vols USD 27m

The two-way trading slowed down today but the total value traded remained relatively high thanks to some large crosses in names like NB, Zenith and GTB. The banks - 36bps did not fare as well as the rest of the sectors, UBA -4.96%, FCMB -4.55% and Access -2.14% some of the more notable losers. The most active names include the usuals, Zenith, FBN, GTB and NB. The food and bev sector, unlike the banks, had some stellar performers, NB +0.79%, DagS + 4.82%, DangF +4.84%. Foreigners accounted for about 80% of the value traded today again.

South Africa: All Share -1.33%, Vols USD 1.30bn

The JSE ended the day lower with the Top 40 index falling 1.33% to close at 29,499 while value traded amounted to USD 1.30bn. Resources were the day's biggest losers with the Index falling 1.34% followed by Industrials and FInancials which fell 1.31% and 1.03% respectively. The Rand was trading at 7.93 and 10.29 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -0.07%, Vols USD 16k

Quiet again in Lusaka with value traded amounting to USD 16k. AELZ, CECZ, LAFA, ZNCO and ZSUG were the only names that traded today. ZNCO was the biggest contributor towards turnover with value traded amounting to USD 12k. ZSUG was the second biggest contributor towards turnover with value traded in the name amounting to USD 1k.

Zimbabwe: Industrial -0.23%, Mining unch, Vols USD 2.10m

Another rather active day in Harare today with value traded amounting to $2.10m thanks to a large cross of 1.96m Delta at 0.70 (the company is due to report tomorrow). The Industrial sector however can under a bit of selling pressure with the Index falling 0.23% to close at 130.07 as a result of falls in Old Mutual and Innscor. Hwange was once again the only name that traded in the Mining sector, with the Index closing flat at 91.12.