Movers & Shakers: May 31, 2012

Botswana: DCI Unch, Vols USD 189k

The DCI ended the session flat recording turnover of USD 189k. G4S was the biggest trader of the day with 200,463 shares trading at 592t, accounting for 87% of the turnover. Barclays picked up 1t to end the day at 711 while Primetime lost 1t at 190t.

Egypt: EGX 30 +0.01%, Vols USD 64m

The market managed to end the day in positive territories after trading the day with a negative sentiment, the EGX30 to ended the day up 0.01%, to close at 4686.42 points. Volumes has improved compared with recent average volumes, market traded a total turnover of USD 64M. Despite the negative sentiment the market witnessed at the session open the market managed to rebound in the last 30min of the session, this was mainly attributed to trading resuming in HRHO, the name was suspended after news rose that Planet consortium plans to place a 100% tender offer on EFG-Hermes for a value exceeding 1.2bln USD, this came after the Attorney General referred Mubarak's sons to trial for allegedly manipulating stock market along with 7 business men including two co-ceo’s of EFG-Hermes, the name managed to end the day up 3.49% to close at EGP10.97.

Investor mix:
•  Foreigners were net Sellers by 127.37 mn EGP and were 27.32% of the market.
•  Egyptians were net Sellers by 29.36 mn EGP and were 50.89% of the market.
•  Arabs were net Buyers by 61.28 mn EGP and were 13.48% of the market.
•  Institutions were net Buyers by 27.65mn EGP and were 58.10% of the market.
•  Retail were net Seller by 27.65mn EGP and were 41.89% of the market.

Kenya: NSE 20 +0.68%, Vols USD 5.74m

Much better day in Nairobi in terms of activity with value traded amounting to $5.74m. Safcom was extremely active thanks to a number of large crosses with foreigners accounting for basically all the volume in the name (both buy and sell), a total of 63.01m shares changed hands. EABL was relatively active after a few decent crosses with foreigners dominating purchases in the counter (accounting for 98% of purchases), a total of 680k shares traded. There was a fair amount of activity in Equity Bank with 1.51m shares changing hands in the name, thanks to few smaller crosses. Foreigners were net buyers and accounted for $4.74m of total purchases while the accounted for $3.71m of total sales. The market closed in positive territory with the NSE 20 Index gaining 0.68% to close at 3,650.85.

Mauritius: Semdex -0.31%, Vols USD 13m

Today's session was characterised by crosses's across the board which resulted in turnover increasing to USD 13m. On the crossing board there were remarkable crosses of 520k MCB at Rs160, 613.7k SBM at Rs80 and 877.8k NMH at Rs73. Other significant crosses were as follows:141.7k UBP at Rs110, 40.6k Rogers at Rs325, 317k Terra at Rs37.40 and 2.4m Ciel at Rs2.95. Both he Semdex and Sem-7 lost 0.31% each to reach 1,804.94pts and 342.29pts respectively. The Dem lost 0.04% at 148.02pts.

Nigeria: ASI -0.47%, Vols USD 14.5m

The going was tough once gain in Nigeria today as the exchange reached a one month low after opening flat but the banks just took more and more of a beating as the day went on. It would appear that quite a few local players have been happy to take profits while the global situation means that international players are more likely to sit on the sides than buy aggressively. The banks and specifically the bigger and mid-tier names pulled the market down with them. GTB -2.06%, Zenith -3.52%, Fidelity -3.79%, FCMB -4.79% and Skye -2.28%. Two of the bigger consumer names, PZ and UACN featured on the opposite end of the scales +3.47% and -4.83% respectively. DangF’s fortunes changed as the names closed -1.27% lower. Market participation was the usual 80-20 foreign local split.

South Africa: Top 40 +0.48%, Vols USD 2.21bn

The JSE ended the day higher with the Top 40 Index gaining 0.48% to close at 29,201 while value traded amounted to USD 2.21bn. Financials were the day's biggest gainers with the Index gaining 0.79% followed by Industrials and Resources which gained 0.67% and 0.04%. The Rand was trading at 8.55 and 10.60 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE +0.19%, Vols USD 24k

The activity levels were multiples of yesterday’s couple of thousand dollars but remain very weak. Two shares changed price, Puma advanced +0.7% while SCBL -3.33% dropped -333bps. The three shares that contributed to the activity were ZNCO, FQM and ZNFA.

Zimbabwe: Industrial Index -0.21%, Mining's +0.98%, Vols USD 1.5m

The ZSE closed the month on a low as the industrial index fell -0.21% to 132.03pts. Colcom led the losers, trading -23.3% softer at 23c with Fidelity following after shedding -23% to 10c. The other shakers for the day were Zimplow (-12.5%); ARTZDR (-2.63%) while Innscor dropped by a further -1.72% to 57c. Gains were seen in Afdis that led with a +9.1% rise to 12c, while property group Mash recovered from a three day lull rising +5% to 2.1c. AICO (+4.35%) and Natfoods (+4.17%) completed the notable risers lists as they ended the month at 12c and 125c respectively. Mining's closed the month with gains up +0.98% at 83.73pts on the back of gains in Bindura that was +6.7% firm at 3.2c there were no trades in the rest of the mining stocks.