Movers & Shakers: November 15, 2012

African Currencies

Botswana: DCI +0.32%, USD 81k

Far less activity in Bots than we witnessed yesterday, only $81k, although the bourse managed to add +32bps to it's opening count. BIHL was the most active name followed by Choppies. 12 of the 22 counters traded today. The three names to advance were Barclays +5t to 660t, Choppies +1t to 202t while BIHL was the lone faller -5t to 1035t.

Egypt: Market closed for a public holiday today.

Kenya: NSE 20 +0.07%, USD 4.95m

Steady day in terms of activity with value traded amounting to $4.95m. KPLL was extremely active thanks to a few large crosses with foreigners dominating trade on both sides of the name as a total of 6.51m shares traded. Safcom was rather active as foreigners accounted for 70% of purchases with 18.07m shares changing hands. SCBL released results which saw PAT increase 66.29% with a total of 260k shares traded over the day. Foreigners were net buyers and accounted for $1.56m of total purchases while they accounted for $780k of total sales. The market closed the day higher with the NSE 20 Index gaining 0.07% to close at 4,160.49.

Mauritius: Semdex +0.04%, USD 2.3m

It was a relatively active day at over $2m while both the Sem-7 and Semdex made an advance on their opening numbers, +0.33% and +0.04% respectively. MCB was the most active name from the Sem-7, trading unch at 162.00. SBM and Bramer Banking Corp were the winners +1.23% and +3.57% respectively while Terra and Rogers were losers at -1.32% and -2.14% respectively. Outside of the Sem-7 there were a few active names, Industrial name PBL was the most active counter on the day, trading unch at 201.00, commerce name IBL was also a notable trader but losing -0.65% respectively.

Nigeria: ASI +0.04%, USD 12.63m

The market opened flat and traded sideways all day – eventually closing the session +4bps better off. The banks performed well and were relatively active, bank10 +0.42%. ETI, UBA from the top-tier were the standouts while Fidelity and Diamond were the best performers from the 2nd tier names. Outside the banks there were a few consumer plays that are worthy of a mention: DangS eased -1.79% and Guinness traded -3.71% lower on the day (this is more as a result of the min trade size that needs to go through more than any weakness on the day) while Nestle added +1.72% and Cadbury added +0.8%. 22 stocks advanced, 17 declined and 50 remained unchanged. The highest value of trades were in FBN, Zenith, Nestle, GTB and DangS.

South Africa: Top 40 -0.60%, USD 1.49bn

The JSE ended the day lower with the Top 40 Index falling 0.60% to close at 32,845 while value traded amounted to USD 1.49bn. Resources were the day's biggest losers with the Index falling 1.01% followed by FInancials and Industrials which fell 0.52% and 0.30% respectively. The Rand was trading at 8.93 and 11.36 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE +1.17%, USD 327k

Much better day in Lusaka today thanks to crosses in ZMBF and ZAIN with value traded amounting to USD 327k. The names that traded included AELZ, BAT, CEC, ZAMBREW, ZAIN, ZMBF and ZNCO. ZMBF was the biggest contributor towards turnover with value traded in the name amounting to USD 195k. ZAIN was the second biggest contributor towards turnover with value traded in the name amounting to USD 115k.

Zimbabwe: Industrial Index -0.42%, Mining Index -2.39%, USD 1.5m

Big names led the ZSE shares down in Thursday trades ahead of the Minister of Finance’s presentation of his “demand-driven” 2013 national budget this afternoon. Top listed stock Delta eased 1.04% to 95c and remains the favorite stock by value traded. Innscor lost 0.695 to 72c while Econet was 0.01c lower at 480c. By close of trade the industrial index was 0.42% lower at 155.04 points. The mining index dropped 2.39% on losses in Rio which slipped 8.33% to 55c. The industrial index is still 6.29% up YTD while the resources sector has been the worst performing sector with YTD losses of 20.48%. Gains were however seen in food retailer OK, which added 0.83% to 13.3c spurred by expected improvements in spending power from civil servants bonus payouts. Volumes traded dropped to 5.8m shares from 7.6m shares but remained significantly higher than past week’s average. Value traded declined 19.5% to $1.5m with the 68% being invested in Delta, Econet and Dairibord.