Movers & Shakers: November 16, 2012

African Currencies

Botswana: DCI +0.05%, USD 582k

A cross in Letshego today (2.5mill shares at 185t) the only excitement in a rather inactive day while the market ticked up by just 5bps. The only other names to trade, all in smalls, were Choppies, Cresta and FSG.

Egypt: Market closed for the day.

Kenya: NSE 20 -0.11%, USD 5.54m

Another decent day in Nairobi with value traded amounting to $5.54m. Foreigners dominated both sides of Safcom (95% of purchases and 78% of sales) as a total of 31.15m shares changed hands. NMG was very active thanks to a large cross as foreigners accounted for 99% of purchases with a total of 240k shares traded. Locals dominated trade in KNCB with a total of 1.63m shares traded over the day. Foreigners were net buyers and accounted for $3.52m of total purchases while they accounted for $1.85m of total sales. The market closed the day lower with the NSE 20 Index falling 0.11% to close at 4,155.99.

Mauritius: Semdex +0.09%, USD 1.82m

Fairly decent day to end the week with value traded amounting to USD 1.82m while the market closed the day higher with the Semdex gaining 0.09% to close at 1,657.27. CIM Financial led from the front in terms of value traded thanks to a cross of 3.8m shares at 5.30. MCB was also rather active thanks to a few large crosses as a total of 145k shares traded with the name closing at 162.00. SBM was rather quite as a total of 7k shares traded with the counter gaining 0.61% to close at 82.50.

Nigeria: ASI +0.17%, USD 7.14m

An extremely dull and painful day for market participants across the board with turnover barely cracking the USD7mill mark. Pleasingly, we saw the banking sector positive (BNK10 +48bps). ETI (-1.7%) and Fidelity (-91bps) were the only banking stocks in the negative while all other names closed unchanged or positive for the session. In the consumer sector, NB was rather active with more than 1mill shares trading, the name closing up 15bps at N135.50 while Guinness was unchanged at N251.85 although selling interest remains in the name.

South Africa: Top 40 -0.71%, USD 1.19bn

The market closed the day lower with the Top 40 Index falling 0.71% to close at 32,612 while value traded amounted to USD 1.19bn. Industrials were the day's biggest losers with the Index falling 0.96% followed by Resources which fell 0.87% while Financials gained 0.52%. The Rand was trading at 8.89 and 11.29 to the USD and EUR respectively by the timt local markets closed.

Zambia: LuSE -0.53%, USD 21k

Another embarrassingly quiet day in Lusaka with just $21k trading while the index dropped by 53bps. The most active stocks were Lafarge, Zain and CEC with CEC the top performer on the day by gaining 1.24% to close at K655. Bata dropped by 7.22% while Zanaco and Zambeef dropped by 2.16% and 3.89% respectively.

Zimbabwe: Industrial Index -0.23%, Mining Index -8.60%, USD 1.3m

ZSE shares closed the week on a low note as the Finance minister confirmed the below expected economic performance revising downwards the 2012 growth outlook to 4.4% from the previously revised 5.6%. The industrial index lost 0.23% to 154.69 points and was 0.77% down for the week. Meikles lost a 6.25% to 15c, Innscor eased 0.69% to 71.5c while Turnal pared 8.33% to 5.5c. Losses were countered by gains in Padenga up 5.56% to 4.75c, OK Zimbabwe rose 1.28% to 13.48c ahead of results presentation next Wednesday while Star Africa added 5.88% to 1.8c. Insurance group, Nicoz Diamond rose 10% to 1.1c and saw a large block of 14.4m shares (2.6%) exchange hands in a trade worth $158 600. Seedco was steady at 96c and emerged the favorite stock by value after 484,715 units exchanged hands. Delta was steady at 95c while BAT was offered at 460c as the Ministry of Finance intends to raise excise duty on alcohol and tobacco. The mining index was down 6.8 9 points (8.60%) to close at 73.19 points weighed down by coal miner Hwange which dropped 10.5% to 17c and Bindura which slipped 20% to 2c. Falgold and Rio Zim were unchanged at previous trading levels. Week on week the mining index shed 9.44% widening its YTD loss to 27.32%.