Movers & Shakers: November 07, 2012

African Currencies

Botswana: DCI unch, USD 42k

A rather subdued session in Gaborone with value traded amounting to 42k while the DCI closed the day unchanged at 7,486.25. Sefalan (320t, +10t) and Turnstar (160t, +5t) were the only names that closed in positive territory while Cresta (88t, -1t) and Imara were the only stocks that closed the day lower.

Egypt: EGX 30 +0.31%, USD 65m

The market managed to end the day in positive territories lead by GCC and international institutions, leaving the EGX30 to end the day up 0.31% to close at 5,583.34 points. Market continues to trade weak compared to recent market turnovers, market traded a total turnover of USD 65m. The market started the day with a negative sentiment to reach a low of 5540.23 points, this was mainly attributed to TMGH(Madinaty case) court hearing as many investors were anxious towards the court decision hence bucking the market, by med-session administrative court judge postponed Madinaty case to Monday, January 16th, 2013, TMGH along with all the real market is reacted positively. TMGH ended the day +3.29% on decent volumes, nothing fundamentally changed except the delay of the court verdict, which is already expected.

Investor mix:
•  Foreigners were net Buyers by 22.07 mn EGP and were 22.29% of the market.
•  Egyptians were net Sellers by 27.21 mn EGP and were 69.02% of the market.
•  Arabs were net Buyers by 5.14 mn EGP and were 8.69% of the market.
•  Institutions were net Buyers by 14.06 mn EGP and were 35.52% of the market.
•  Retail were net Sellers by 14.06 mn EGP and were 64.47% of the market.

Kenya: NSE20 +0.17%, USD 6.79m

Another active day in Kenya with Safcom and Equity dominating the session. In total, foreigners were 79% of the buys and 26% of the sells. Safcom saw strong foreign interest on both sides with an impressive 39mill shares changing hands. Safcom results are due out after Thursday’s trading session. Equity Bank also saw lots of interest with over 6mill shares trading while the name closed unchanged at KES24.50. As expected, the Kenya MPC cut the key lending rate by 200bps to 11% in an effort to bolster waning economic growth.

Mauritius: Semdex +0.10%, USD 2.96m

Decent day in Mauritius with value traded amounting to USD 2.96m while the market closed the day higher with the Semdex gaining 0.10% to close at 1,665.04. CIM Financial Services drove activity today as a total of 11.4m shares traded with foreigners dominating purchases in the name. MCB was rather active as a total of 139k shares traded while SBM was rather quiet with a total of 11k shares changing hands as both stocks closed the day flat at 162.00 and 80.00 respectively. There was a decent amount of activity in Terra as a total of 129k shares traded with the name closing flat at 38.90.

Nigeria: ASI +0.26%, USD 14.77m

Another very dull day in Lagos with a dire USD14.77mill trading despite some crosses boosting the turnover. The most active stock on the day was Guinness which saw 2.4mill shares change hands, the name closing up 57bps at N265. The BNK10 was up 30bps for the day although the sector was once again mixed in terms of performance, ETI -2.46% continuing to struggle. Of the consumer names, the most notable was Nestle which closed down 4.16% at N642.10.

South Africa: Top 40 -0.41%, USD 1.54bn

The JSE ended the day lower with the Top 40 Index falling 0.41% to close at 33,294 while value traded amounted to USD 1.54bn. Industrials were the day's biggest losers with the Index falling 0.63% followed by Resources and Financials which fell 0.32% and 0.17% respectively. The Rand was trading at 8.65 and 11.03 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE +0.91%, USD 5k

Absolutely dire in Lusaka today with value traded amounting to USD 5k. The names that traded included CEC, LAFA, NATBREW, ZAIN and ZANACO. LAFA was the biggest contributor towards turnover with value traded in the name amounting to USD 1.6k. ZANACO was the second biggest contributor towards turnover with value traded in the name amounting to USD 941.

Zimbabwe: Industrial Index +0.23%, Mining Index -2.59%, USD 670k

Beverages giant Delta gained 1% to a high of 94.14c ahead results released after the session which saw attributable earnings increase 42%, helping the Industrial Index gain 0.23% to 155.59 points despite overall sluggish trading in the face of pessimistic economic data. Only Delta and Colcom which recorded a marginal 0.08% to 25.02c managed gains against 7 losses. Volumes traded declined 51% to 5.66m shares while turnover was largely unchanged at $0.670m. The volatile Resources Index lost 2.59% to close at 81.61 points after three of the four listed miners traded in negative territory. Falgold slipped 11% to 16 cents; RioZim eased 1.6% to 62 cents Bindura lost 0.20 cents to 2.50 cents while Hwange recorded no trades.