Movers & Shakers: May 09, 2012

Botswana: DCI +0.02%, Vols USD 140k

There was not much going on in Botswana today with value traded amounting to USD 140k while the market closed ever so slightly higher with the DCI gaining 0.02% to close at 7,147.72. Furnmart (151t, +1t) was the only name that closed higher on the day while NAP (230t, -5t) was the only counter to close lower.

Egypt: EGX 30 +0.48%, Vols USD 53m

The market ended the day slightly lower, leaving the EGX30 to end the day down 0.48%,to close at 5031.68 points. Volumes were weak relative to resent market volumes, market traded a total turnover of USD 53m. The market witnessed selling pressure today mainly for Non- Arab foreign institutions after being the sole net buyer yesterdays. HRHO continues to witness selling pressure, as many investors are seeing the M&A deal with Qinvest as a negative sentiment to the name, the main sellers in the name were foreign investors. The real-estate sector managed to trade against the general market sentiment, names such as PHDC, TMGH and OCDI ended the day up 2.06%, 0.85% and 0.06% respectively.

Investor mix:
•  Foreigners were net Sellers by 17.59 mn EGP and were 27.49% of the market.
•  Egyptians were net Buyers by 30.63 mn EGP and were 63.86% of the market.
•  Arabs were net Sellers by 13.03 mn EGP and were 8.65% of the market.
•  Institutions were net Sellers by 5.72 mn EGP and were 39.35% of the market.
•  Retail were net Buyers by 5.72 mn EGP and were 60.64% of the market.

Kenya: NSE 20 +0.37%, Vols USD 4.68m

A bit quieter in Nairobi today as world markets continue to fall with value traded amounting to $4.68m. EABL was once again the market leader in terms of value traded with 710k shares changing hands in the name thanks to a number of decent crosses. BMBC was rather active with 410k shares traded in the counter thanks to a cross of 300k shares at 145 with the buyer being local while the seller was foreign. Not too much went on in banking stocks KNCB and EQBNK today with 1.96m shares and 930k shares traded in the names respectively. Foreigners were net buyers accounting for $2.90m of total purchases while they accounted for $1.26m of total sales. The market closed higher with the NSE 20 Index gaining 0.37% to close at 3,585.93.

Mauritius: Semdex +0.18%, Vols USD 2.06m

Much better day in Mauritius from an activity point of view wth value traded amounting to USD 2.06m thanks to a few large crosses in Bramer Banking with a total of 4.5m shares changing hands in the counter, this accounted for 70% of turnover on the market. MCB and SBM were rather quiet with 36k shares and 8k shares traded in the names respectively. NMH was also rather dull with 2,500 shares traded in the name. The market closed higher with the Semdex gaining 0.18% to close at 1,804.23.

Nigeria: ASI -0.55%, Vols USD 23.89m

Less conviction again today as we saw the value traded decrease for consecutive sessions. The banks took a beating and more specifically the bigger names, UBA -4.98%, FBN -4.96%, Access -4.96% with all the top tier banks closing in the red. The most active names measured by value were in order: Zenith, GTB and FBN who together accounted for more than half of alll the recorded activity. DangF had another session where the name shot lights out, +5% and net bid for the whole day while another counter from the food & Bev sector, Cadbury -4.87% experienced the oppostite in terms of sentiments.

South Africa: All Share -0.19%, Vols USD 1.47bn

The JSE ended the day lower with the Top 40 index falling 0.19% to close at 29,443 while value traded amounted to USD 1.47bn. Industrials were the day's biggest losers with the Index falling 0.84% followed by Financials which fell 0.76% while Resources gained 0.46%. The Rand was trading at 7.99 and 10.38 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -0.30%, Vols USD 88k

Slightly more active today with value traded amounting to USD 88k. The names that traded included BATZ, CECZ, PUMA, ZNCO and ZSUG. ZNCO was the biggest contributor towards turnover with value traded in the name amounting to USD 84k. CECZ was the second biggest contributor towards turnover with value traded in the name amounting to USD 3k.

Zimbabwe: Industrial -0.20%, Mining -2.29%, Vols USD 2.15m

Good day in Zim with value traded amounting to USD 2.15m thanks to a cross of 250k Econet at 4.00. There was also a decent cross of 500k Seedco at 0.85. The Industrial sector closed the day lower with the Index falling 0.20% to close at 129.81. Hwange once again led the Mining sector lower with the Index falling 2.29% to close at 89.03.