Movers & Shakers: May 30, 2012

Botswana: DCI -0.03%, Vols USD 526k

The market witnessed increased vols today on the back of Letshego which saw 2,380,521 shares trade in the name at 150t, accounting for 94% of the day's turnover. Chobe traded 4t higher at 240t. Choppies and FNBB picked up 1t a piece to end the day at 167t and 286t respectively.

Egypt: EGX30 -1.14%, Vols USD 49m

The market ended the day slightly higher after trading the day almost 0.79% higher, the EGX30 managed to end the day up 0.04%m to close at 2684.79 points. Market volumes were deceiving as market traded total turnover of USD 53m, in which more than 37% was attributed to two crosses in ETEL. Volatility continued throughout the day today in Egyptian blue-chips as institutional investors (International) continue to book profits, on the back of political instability adding to this the upcoming trail of Mubarak and his family next Saturday. HRHO managed to trade the day on a positive sentiment to reach a high of EGP10.92, yet the name witnessed a huge hit to reach of EGP10.19, this came after news rose in the market that the Egyptian Attorney General referred the two sons of ousted president Mubarak to trial for allegedly manipulating stock market along with 7 other businessmen including two co-CEO of EFG Hermes, the name ended the day flat at EGP10.60.

Investor mix:
•  Foreigners were net Sellers by 127.37 mn EGP and were 27.32% of the market.
•  Egyptians were net Sellers by 2.32 mn EGP and were 46.74% of the market.
•  Arabs were net Buyers by 129.70 mn EGP and were 25.94% of the market.
•  Institutions were net Sellers by 110.65 mn EGP and were 36.94% of the market.
•  Retail were net Buyers by 110.65 mn EGP and were 63.05% of the market.

Kenya: NSE 20 -0.04%, Vols USD 3.16m

Another rather sluggish day in Nairobi with value traded amounting to $3.16m. Equity Bank was rather active thanks to a few decent crosses in the name with a total of 3.94m shares changing hands. SCAN was also quiet active with foreigners being net sellers in the name, a total of 1.01m shares traded in the counter. There was a fair amount of foreign interest in Kenya Commercial Bank with foreigners accounting for 84% of total purchases in the counter, a total of 2.23m shares traded. Foreigners were net sellers, accounting for $1.49m of total sales while the accounted for $1.39m of total purchases. The market closed slightly lower with the NSE 20 Index falling 0.04% to close at 3,626.07. In economic news, inflation fell to the lowest level for more than a year in May, coming in at 12.2%.

Mauritius: Semdex +0.24%, Vols USD 1.9m

Both the Semdex and the Sem-7 ended the day in positive territory. Gamma Civic edged up 8% to Rs378 on 100 shares. NMH traded 1.4% higher at Rs73. IBL was up 0.6% at Rs77.50 whilst Rogers lost 1.5% at Rs325. MCB gained 0.60% at Rs169 while SBM was unchanged at Rs83. Terra lost 1.6% to close at Rs37.40.

Nigeria: ASI -0.04%, Vols USD 21m

The value traded is flattering given the level of active trading that was prevalent on the exchange today. We have seen a lack of conviction for a few weeks now with today proving not to be an exception to the trend and no end in sight. A lot of the activity was centered around the bigger banks such as GTB and FBN but the banks opened weaker and were not able to claw their way back -0.62bps. GTB, Zenith, Fidelity and FCMB were some of the banking names which closed in the red. The stronger performers included two cement names, Ashakace and CCNN which closed limit up while Unilever posted a +2.47% gain, Cadbury a +3.5% leap and DangF a limit up gain of +5% to close at N6.3.

South Africa: Top 40 -1.58%, Vols USD 1.18bn

The JSE ended the day lower with the Top 40 Index falling 1.58% to close at 29,063 while value traded amounted to USD 1.18bn. Resources were the day's biggest losers with the Index falling 2.25% followed by Financials and Industrials which fell 1.27% and 0.59% respectively. The Rand was trading at 8.50 and 10.55 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE +0.17%, Vols USD 2k

Virtually nothing to report in Zambia, a few trades went through in CECZ, LAFA and Puma totaling $2k. The only price to move was CECZ +0.15%.

Zimbabwe: Industrial Index -0.20%, Mining's -2.3%, Vols USD 3.6m

Block trades in Dawn that went through as special bargains highlighted an otherwise dull mid week trading session boosting the daily value of trades to $3.6m. The blocks totaling 221.2m shares sailed through at a 60% premium at 1.2c in trades worth $2.7m. The Industrial index closed the day down -0.20% at 132.31pts. Willdale that shed 20% to 0.12c while Innscor -1.99% and Fidelity -9.72%. AICO shed -4.17% to 11.5c in the wake of the government announcement of declaring cotton a controlled product with government becoming a sole buyer. Mitigating the market losses were gains in Pelhams +40%, Natfoods +9.1% and Meikles +4.17%. Econet recovered from yesterday’s slump gaining +1.45% to 420c whilst Barclays was +0.49% firmer at 3.49c. Losses in the mining's continued today after Bindura shook off previous day gains to trade -7.12% softer at 3c and Hwange slid -3.85% to 25c dragging the mining index down -2.3% to 82.92pts