Movers & Shakers: November 08, 2012

African Currencies

Botswana: DCI +0.21%, USD 377k

It was a relatively active day in Gaborone, Letshego dominated the value traded chart – accounting for over 2/3 of the total value traded. The name also appreciated considerably +16t to close at 185t. ABCH and Sefalana were the other winners +5t to 415t and +1t to 321t respectively.

Egypt: EGX 30 +0.48%, USD 57m

The market managed to continue with its bullish sentiment from yesterday’s close, the EGX30 ended the day up 0.48% to close at 5,611.23 points. Market traded weak volumes compared to recent market turnovers, market traded a total turnover of USD 57m, its worth mentioning that more than 17% of the total turnover was attributed to one cross in EAST(Buyer and seller international). Market ended the day in positive territories lead by International institutions buying, yet local retail and local institutions continue to book profits at these levels. JUFO lead the market in terms of performance on above average volumes, the name has been witnessing notable buying mainly from institutional investors gaining almost 17% over the past couple of sessions, the former ended the day up 3.58% on strong volumes.

Investor mix:
•  Foreigners were net Buyers by 34.92 mn EGP and were 34.22% of the market.
•  Egyptians were net Sellers by 33.25 mn EGP and were 60.79% of the market.
•  Arabs were net Sellers by 1.66 mn EGP and were 4.98% of the market.
•  Institutions were net Buyers by 20.17 mn EGP and were 57.93% of the market.
•  Retail were net Sellers by 20.17 mn EGP and were 42.06% of the market.

Kenya: NSE20 +0.67%, USD 3.80m

It was a rather slow day in Nairobi today with value traded amounting to $3.80m. Locals dominated activity in Kenya Commercial Bank as a total of 3.08m shares traded in the name. Foreigners dominated purchases (100%) in EABL as a total of 210k shares traded. Diamond Trust was surprisingly active as activity in the counter was dominated by locals with a total of 220k shares traded. Safcom released results after the close which saw PAT increase 93.1%, the name was rather quiet during the session as a total of 2.48m shares traded. Foreigners were rather quiet on the market today but were net buyers and accounted for $1.57m of total purchases while they accounted for 660k of total sales. The market closed the day higher with the NSE 20 Index gaining 0.67% to close at 4,148.79.

Mauritius: Semdex -0.01%, USD 1.2m

The Semdex and Sem-7 lost ground today with the Sem-7 taking the bigger beating. There were no gainers from the Sem-7, only 2 losers being Rogers and Bramer Banking which closed -1.32% and -133% lower respectively. The value traded amounted to $1.2m with MCB on top of the list, closely followed by ENL Land.

Nigeria: ASI +0.35%, USD 18.65m

The market opened weaker but made a steady recovery and ended up closing well into the black +0.35% with value traded not reaching $20m. The banks were mixed but skewed to the downside – Bnk10 -0.07, ETI outperformed +2.71% while Access was the worst performer from the top-tier names -1.04%. The consumers plays struggled, Cadbury -2.91%, Nestle -1.52% and Flourmills -1.52%. Market heavyweight, DangC jumped +1.22% which obviously played a large role in the mkt closing in the black. Guinness Nigeria released Q1 numbers and closed unch at N265.00. Earnings -0.19%, PBT -28.49% and PAT -19.76%. 28 stocks advanced, 22 declined and 44 remained unchanged. The highest value of trades were in DangC, Zenith, NB, FBN and DangS.

South Africa: Top 40 +0.33%, USD 1.27bn

The JSE ended the day higher with the Top 40 Index gaining 0.33% to close at 33,404 while value traded amounted to USD 1.27bn. Industrials were the day's biggest gainers with the Index gaining 0.71% followed by Financials which gained 0.16% while Resources fell 0.18%. The Rand was trading at 8.73 and 11.12 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -2.93%, USD 40k

Slighly better day in Lusaka today with value traded amounting to USD 40k. The names that traded included BAT, CEC, PUMA, ZAIN, ZMBF, ZSUG, and ZANACO. ZMBF was the biggest contributor towards turnover with value traded in the name amounting to USD 33k. ZSUG was the second biggest contributor towards turnover with value traded in the name amounting to USD 3k

Zimbabwe: Industrial Index -0.28%, Mining Index -0.97%, USD 500k

The Industrial Index closed the day -0.28% lower at 155.16 pts weighed down by losses in Innscor and AICO in a thinly traded session. Innscor let off 0.50c to trade at 73.50c while AICO shed -1c to 12.5c. Losers count at 8 outnumbered the five gainers for the day. Beverages giant Delta closed unchanged at 94.14c with bid at 94c and offers at 100c in the wake of impressive interims released yesterday. The group reported an 18% growth in topline to $299.6m while product mix which was skewed toward higher margin products coupled with operational efficiencies saw the group expand net operating margins to 21.92% from 18.48%. Delta declared an interim dividend of 1.17c per share being 33.4% payout. Turnover declined -25.72% to $0.499m from $0.670m as volumes traded dropped to 4.20m shares from yesterday’s 5.66m. Foreign purchases declined to $0.174m from $0.575m; Foreign sales however were on the rise at 33% ($0.165) of total turnover creating a net foreign inflow of $9,540.31. The resources regressed to 80.82pts down 0.97%. Rio and Falgold were the two counters that traded. Rio traded in the negative, losing 2c to 60c. Falgold was stable at 16c.