Movers & Shakers: May 28, 2012

Botswana: DCI +0.04%, Vols USD 11k

Slow start to the week with not much activity happening on the DCI. Market turnover stood at USD 11k. Choppies picked up 1t to end the day at 165t while Sechaba traded 9t higher at 1240t. Sechaba was unchanged at 1240t.

Egypt: EGX30 -1.25%, Vols USD 40.7m

The market ended the day in the red despite trading more than 0.80% higher at the beginning of the trading session. The EGX30 ended the day down 1.25% , to close at 4738.10 points. Volumes were weaker than recent average volumes, market traded a total turnover of EGP240m . Volatility continued throughout the day today in Egyptian blue-chips as institutional investors (International) along with local retail investors continue to minimize their exposure in the market, on the back of political instability as investors continue to be bystanders as many investors are worried about the public reaction towards the next elected president. Names such as HRHO, OTMT, OCIC and COMI ended the day in negative territories, each ending the day down 1.60%, 0.75%, 1.17% and 2.19%. Names such as TMGH, ETEL and OCDI managed to traded against the market sentiment, each ending the day up 0.49%, 0.57% and 1.95% respectively.

Investor mix:
•  Foreigners were net Sellers by 26.98 mn EGP and were 22.47% of the market.
•  Egyptians were net Buyers by 17.69 mn EGP and were 71.98% of the market.
•  Arabs were net Buyers by 9.29 mn EGP and were 5.55% of the market.
•  Institutions were net Sellers by 2.63 mn EGP and were 35.99% of the market.
•  Retail were net Buyers by 2.63 mn EGP and were 64.00% of the market.

Kenya: NSE 20 +0.15%, Vols USD 4.5m

Not much in terms of excitement on the market but there was an explosion that went off close to the NSE which had quite a few investors worried for a period until terrorist involvement was ruled out. It appears that it was caused by a gas leak. Unfortunately there were quite a few injuries and perhaps a some deaths but this has not been confirmed at the time of writing. EABL is still riding high on strong foreign support, 76% of purchases. BAT closeed closed lower on profit taking, KCB is still well supported at current levels and the same can be said for EQ.

Mauritius: Semdex -0.03%, Vols USD 2.2m

Both the Semdex and the Sem-7 ended the day in negative territory, down 0.44% and 0.655 respectively. MCB lost 0.59% to finish at Rs168. SBM witnesses significant crosses during the session today, resulting a total of 522,500 shares trading in the name 0.60% lower at Rs83. NMH was down 2% at Rs71.50. Sun lost 1% to Rs38.10. IBL gave-up 1.3% at Rs77.

Nigeria -0.59% (unofficial), val USD 9.45m

There was very little on the go in Nigeria. The US holliday today and Nigerian holiday meant that a large portion on the market players were absent and the lack of participants was further compounded by the long delay bofore the market opened due to technical issues. This delay seemed to chase away any significant player who were planning on trading today - the market did not even manage to get too $10m. The vols that were there were largely accounted for by GTB, UBA and NB through crosses, so very little two-way was evident. FCMB -4.94%, the big bank Zenith -2.64%, UACN -4.57% and Unilever -2.58% were the major losers while DangF managed another limit up day +5%..

South Africa: Top +0.04%, Vols USD 790k

The activity levels were severely affected by the Memorial Day holiday in the US with vols -40% lower than usual. The market traded higher than it closed for most of the ession before a dip in Europe a couple of hours before the SA close meant that the market fell off somewhat. Resources were the most impressive performers with the plats rebounding while the financials struggled -20bps.

Zambia: Zimbabwe: LuSE +0.44%, Vols USD 20k

The market commenced the week on a rather quiet note with only 20k worth exchanging hands today. The LuSe closed 0.44% higher at 3,866.60pts. CECZ edged up 0.15% to ZMK 647. SCBL was up 3.45% to ZMK 3. Puma lost 0.09% to ZMK 1.142.

Zimbabwe: Industrial Index 0.07%, Mining's Unch, Vols USD 2.3m

The ZSE opened the week on an active note driven by resurgent foreign and local demand. Turnover increased to to $2.3m with Econet and Delta emerging the outright market favourites. Econet saw 171,465 units sail through at a stable price of 420c while 576,209 units were traded in Delta at 69.48c having dropped -0.71% on selling pressure. The Industrial index edged up +0.07% to 133.17pts. Barclays was up +16.7% to 3.5c on a substantial volume of 12m shares with Lafarge following after rising +9.62% to 57c and Dawn that rose +7.14% to 0.75c. losses were led by property groups Mash and ZPI that came off -13.0% and -4.8% to 2c and 1c respectively. TNH completed the shakers with a -0.57% fall to 3.5c. Mining's were unchanged at 83.95pts Hwange traded stable at 26c while there were no trades in Bindura, Falgold and Rio Zim.