Movers & Shakers: May 21, 2013

Botswana: DCI +0.18%, USD 4.33m

Another big day in Gaborone and some chunky trades went through in Choppies (300t), FNBB (365t) and Letshego (240t). BIHL also saw some decent action and some smalls traded in a few other names.

Egypt: EGX -0.46%, USD 33m

The market witnessed a extremely slow session with static trading leaving the EGX30 to end the day down 0.46% to close at 5,407.25 points. Market volumes were significantly low relative to recent turnovers, the market traded a total turnover of EGP232m. The market witnessed a notable slow session to continue with its profit booking sentiment lead by local institutions were names such as HRHO, CCAP and OCIC witnessed selling pressure each ending the day down 2.00%, 2.28% and 1.15 % respectively, also the real-estates sectors witnessed some selling pressure after witnessing notable buying over the last couple of sessions, name such as TMGH and OCDI ended the day down 0.71% and 0.14%. Only handful of stocks managed to end the day in the green, names such as OTMT, JUFO and EAST managed to end the day up 0.43%,1.80% and 1.00%.

Investor mix:
•  Foreigners were net Buyers by 6.38 mn EGP and were 19.69% of the market.
•  Egyptians were net Sellers by 2.56 mn EGP and were 73.27% of the market.
•  Arabs were net Sellers by 3.82 mn EGP and were 7.04% of the market.
•  Institutions were net Sellers by 5.13 mn EGP and were 39.73% of the market.
•  Retail were net Buyers by 5.13 mn EGP and were 60.26% of the market .

Kenya: NSE 20 +0.37%, USD 10.8m

Equity turnover climbed 614% on the back of improved block trading during the day. Foreign investors accounted for 63.9% of activity, up from 32.5% in the previous session. CFC Stanbic was the leading gainer of the day after the bank reported 1Q13 results with a 76.4% jump in net profits. EAPC climbed 5.7% on thin volumes while Bamburi Cement was flat, with heavy buying being made by local investors. KenolKobil fell 1.9% to KES 10.40 with foreign investors mopping most of the supply in the oil marketer. EABL continued marching upwards, climbing another 2.5% to KES 409 on foreign investor buying.

Mauritius: Semdex unch, USD 2.8m

Some chunky crossing in MCB really bumped up volumes in Port Louis with the name counting for approximately 2/3 of the session’s turnover, the name closing up 26bps at Rs193.50. All the other names on the Sem-7 closed unchanged for the day.

Nigeria: ASI +0.63%, USD 49.29m

A very active day in Nigeria with a large cross ($20m) in Dangcem (+54bps, N184) the largest action in the session. The bulls still keep hammering away though and once again the consumer sector (+1.49%) was in demand from foreign investors. The biggest outperformer in the sector was Cadbury which saw very aggressive buying towards the close, the name ending on full bid at N48.50 (+8.99%) while Nestle (1.9%, N963), PZ (+6.47%, N52.65) and Unilever (+7.36%, N76) also rallied hard. Banks also closed up 49bps although performance was mixed in the sector . In economic news, the Nigerian Central Bank kept benchmark interest rate unchanged at 12%.

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

South Africa: Top 40 +2.07%, USD 1.90bn

The JSE ended the day higher with the Top 40 Index gaining 2.07% to close at 37,302 while value traded amounted to USD 1.90bn. Resources were the day's biggest gainers with the Index gaining 3.42% followed Industrials and Financials which gained 1.47% and 1.16% respectively. The Rand was trading at 9.57 and 12.33 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE +1.11%, USD 25k

Another quiet day in Lusaka with value traded amounting to USD 25k. The names that traded included CEC, LAFA, PUMA, SCZ, ZMBF, ZANEFA, ZSUG and ZNCO. SCZ was the biggest contributor towards turnover with value traded in the name amounting to USD 17k. LAFA was the second biggest contributor towards turnover with value traded in the name amounting to USD 3.7k.

Zimbabwe: Industrials -0.23%, Mining unch, USD 2.34m

Delta which enjoyed a fine run in the midst of its impressive full year results with EPS of 8.49c and DPS of 2.23c shed -0.7% to trade at 142c and closed net sellers as profit takers pounced on the stock. Coupled with losses in Barclays (-11.7% to 3c), Interfresh (-16.7% to 0.2c) and ZB (-1.1% to 9c), the industrial index fell -0.23% to 209.92 pts. On the other hand minings were unchanged at 74.42 pts with trades taking place in Falgold and Rio at their respective previous prices of 12c and 50c. Value of trades leaped 300% to $2.34m on the back of a 5,824% improvement in foreign purchases to $1.76m. With trades worth $1.8m, Econet took up the bulk of the funds into the market. The stock remained steady at 70c as the market eagerly anticipates its full year results. Horticultural concern Interfresh whose portion of its estates were compulsorily acquired by the government as part of the ongoing land reform significantly contributed in volume terms with 11.1m shares worth $22,218 trading despite easing -16.7% to trade at 0.2c. Pearl which launched a real estate company Oyster this year, will soon construct a parkade in partnership with the City of Harare and is seeking shareholder approval for a share buyback traded 3.4m shares at 3.25c.

African Currencies