Movers & Shakers: May 15, 2013

Botswana: DCI -0.07%, USD 4.8m

A very active day in Gaborone with the activity centered on the banks. FCBB was the top mover accounting for more than half the market as it closed at 365t. Barclays also witnessed big volumes and closed at 695t. Turnstar (151t) and Furnmart (179t) also saw decent activity for a change. There were no trades in Letshego hence the name closed unchanged at 230t.

Egypt: EGX 30 +1.02%, USD 67m

The market managed to pick its bullish momentum leaving the EGX30 to end the day up 1.02% to close at 5,455.74 points. Market volumes remains weak yet with a notable improvement to recent turnovers, the market traded a total turnover of USD 67m, its worth mentioning more than 14% of the volumes were attributed to crosses in SWDY, HRHO and TMGH. The market managed to regain its bullish momentum after witnessing some profit booking over the last couple of sessions, local retail investors were notable sellers today yet institutional investors were aggressive buyers targeting names such as ESRS and HRHO and COMI each ending the day up 2.45%, 2.27% and 1.83% respectively. The real-estate sector managed to continue to gain notable interest, names such as PHDC, TMGH and OCDI witnessed above average volumes each ending the day up 3.95%, 2.73% and 2.09% respectively.

Investor mix:
•  Foreigners were net Buyers by 14.97 mn EGP and were 19.98% of the market.
•  Egyptians were net Sellers by 49.49 mn EGP and were 65.30% of the market.
•  Arabs were net Buyers by 34.52 mn EGP and were 14.72% of the market.
•  Institutions were net Buyers by 107.0 mn EGP and were 42.58% of the market.
•  Retail were net Sellers by 107.0 mn EGP and were 57.41% of the market.

Kenya: NSE 20 +1.52%, USD 16.3m

Equity turnover climbed 43.8% on the back of improved activity in Safaricom and a block trade in ARM Cement, the two counters accounting for 64.2% of the day’s volume. Foreign investors accounted for 71.6% of activity, up from 46.8% in the previous session. Safaricom climbed to a high ok KES 7.55 but eased back on profit taking to end the day lower at KES 7.35, still up 3.5% over the previous day. KCB Bank notched 1.9% higher; two days after the bank closed its books for its annual dividend. KenolKobil climbed 8.2%, recovering from the previous day and ending the day with a demand overhang of 2.9m shares. Kenya Re issued a statement for its upcoming AGM and notice of books closure as 7 June 2013 for the KES 0.40 DPS declared earlier. The dividend will be paid on or around 12 July 2013.

Mauritius: Semdex +0.33%, USD 1.45m

A much better day in Mauritius with value traded amounting to USD 1.45m thanks to SBM which accounted for 42% of turnover as 19.2m shares changed hands thanks to a few crosses with the counter gaining 1.94% to close at 1.05. MCB was also rather strong, gaining 0.91% to close at 194.75 on thin volume of 32k shares. There were a few decent crosses in Terra as a total of 125k shares traded in the name today.

Nigeria: ASI +0.67%, USD 29.53m

Block trading once again dominated in Lagos today with value traded amounting to $29.53m. Banks were firmer with the Bank 10 Index gaining 1.05% thanks to the likes of Fidelity (+6.53%), Access (+3.29%) and UBA (+2.54%) which released Q1 2013 numbers during the session. Consumer stocks also ended the day higher with the Consumer Goods Index gaining 0.45% thanks largely to Nestle which managed to gain 2.66% while Guinness was also pushed up at the close, gaining 1.77%. Nigerian Breweries lead from an activity point of view as a total of 4.58m shares changed hands in the name thanks to a few large crosses.

Please note that the index figure above is correct at the time of writing.

South Africa: Top 40 +0.75%, USD 1.61bn

The JSE ended the day higher with the Top 40 Index gaining 0.75% to close at 36,322 while value traded amounted to USD 1.61bn. Industrials were the day's biggest gainers with the Index gaining 1.71% followed by Financials which gained 0.51% while Resources fell 0.66%. The Rand was trading at 9.28 and 11.94 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -1.26%, USD 918k

A vast turnaround in Lusaka today with value traded amounting to an impressive USD 918k thanks to a cross in Celtel at 28.00 while there was some action in Zambeef and CEC as well.

Zimbabwe: Industrials +0.48%, Mining +0.59%, USD 2.68m

Mid week trades saw industrials firming +0.48% to 205.71 pts driven by heavyweight gains in Econet +0.06% to 70c, Hippo +2.68% to 115c, OK +8% up at 27c, Old Mutual +0.83% at 242c and PPC +0.74% to 272c offsetting the 0.73% loss in Delta to close at 135c. In minings the firm bid in Rio at 49c countered the -0.04% marginal loss in Bindura with the index firming +0.59% to 73.67 pts. Increased activity saw values traded reaching $2.68m, +275% from yesterday’s $0.72m largely anchored by foreign purchases worth $2.1m, +630% up. Volumes traded were registered a +40% gain to 6.7m. There was a large cross of 400,000 National Foods @ 260c which helped increase activity. Delta released full-year 2013 results late in the afternoon which saw earnings increase 39% while EPS increased 36% to 8.49c.

African Currencies