Movers & Shakers: November 09, 2012

African Currencies

Botswana: DCI -0.01%, USD 10k

Extremely dull day to end the week with value traded amounting to USD 10k while the market closed the day slightly lower with the DCI falling 0.01% to close at 7,501.30. Movement in stock prices was just as dire as turnover with no names registering any price changes on the day.

Egypt: Market closed for the day.

Kenya: NSE 20 +0.26%, USD 3.35m

A quiet end to the week in Kenya as foreign participation virtually non-existent. Foreigns investors were 52% of the buy side and less than 1% of the sell side. KenolKobil was the most active name on the day with foreign buying and local selling the main theme in the counter – a total of 4.6mill shares traded at 14.95. Uchumi Supermarkets was also very active with local participants on both sides and the name closed down 1.02% at 19.45. The big story of the day however was Safaricom, which traded up strongly after yesterday’s good results announcement, the name closed up 7.87% at KES4.80 with strong buying from both local and foreign very evident.

Mauritius: Semdex -0.33%, USD 2.01m

Decent day in Maurtius with value traded amounting to USD 2.01m while the market closed the day lower with the Semdex falling 0.33% to close at 1,659.36. IBL was the biggest contributor towards turnover thanks to a cross of 402.5k shares. NMH was also rather active thanks to a cross of 225k shares at 54.00 with the counter gaining 0.93% to close at 54.50. Both MCB and SBM were rather quiet and closed the day unchanged at 162.00 and 80.00 respectively.

Nigeria: ASI -0.62%, USD 11.96m

A very dull end to a very dull week in Lagos. The banking sector closed down 96bps for the session, with GTB (-2.90%, N20.10) dragging the sub-index down. The other banking names were relatively muted and somewhat mixed. Flourmills continues to struggle, closing down 3.05% at N63.02 while Cadbury was also weak, closing down 2% at N24.50. NB also had a poor day, ending -1.96% at N135.30 on decent volume as buyers happy to be patient.

South Africa: Top 40 -0.85%, USD 1.455bn

The JSE had another soft day to close the week with the Top 40 index dropping by 85bps to close at 33,122 while value traded was USD 1.455bn. Resources and Banks were the hardest hit, with Resources closing down 1.33% and Banks closing down 1.77% while Golds rebounded strongly, closing up 1.04% for the day. The ZAR was trading solidly, trading at R8.74 vs the USD and R11.11 vs the EUR at the time of writing.

Zambia: LuSE +0.04%, USD 66k

Relatively decent day in Lusaka with value traded amounting to USD 66k. The names that traded included BAT, CEC, LAFA, SCZ and ZAMEFA. CEC was the biggest contributor towards turnover with value traded in the name amounting to USD 61k. ZAMEFA was the second biggest contributor towards turnover with value traded in the name amounting to USD 3k.

Zimbabwe: Industrial Index +0.42%, Mining Index -0.93%, USD 1.1m

Gains in Delta helped the Industrial Index to close the week in positive territory while the unchanged resources left the Mining Index steady. The industrial index rose 0.37% to 155.73pts and is up 0.21% week on week. . The market cheered the interim results in Delta as the counter rose 1.11% to 95.25c. Tractive Power rose a 10.00% to 11c albeit on thin volumes. Padenga picked 5.56% or 0.25c to 4.75c while Farm implements manufacturer Zimplow upped 0.1% to 4.51c. Interfresh gave up 33.33% to a low of 0.10c and is now 66.67% in the negative YTD while Cairns pared 17.65% to 0.70c. Aico and ZPI both dipped 4.00% and 3.67% apiece to close off Friday’s trades at 12c and 1.05c respectively. Volumes traded improved 15.53% to 4.86m shares spurred by Padenga, Edgars, Truworths and AICO while thin trading in heavy caps saw decline -8.59% to $0.456m. Foreign participation was net buyers by $178,197 after accounting for $255,241 of the purchases and $77,044 in sales. The Mining Index remained resolute at 80.82pts but is 6.43% down week on week. Bindura was bid at 2c with offer price set at 3c recording no trades. Falgold was also not traded but bid at 16c. Hwange and Rio traded at previous prices of 18c and 60 c each.