Movers & Shakers: November 19, 2012

African Currencies

Botswana: DCI +0.24%, USD 4.2m

A number of crosses across the board boosted turnover in Gaborone. Choppies traded 13.1mill shares while Letshego traded 6.1mill while Barclays, BIHL, Engen, Sechaba and Stanchart all saw good volume in the session. Small volumes also traded in Chobe, Cresta, FNBB, Letlole and Turnstar.

Egypt: EGX -1.18%, USD 66m

The market continued to see notable selling today leaving the EGX30 to end the day down 1.18% to close at 5,413.78 points. Market traded average volumes relative to recent turnovers, market traded a total turnover of USD 66m. With the market affected by both the Geopolitical situation and the internal political disagreements the country is now facing on the constitution, the market ended the day in negative territories after trading in the greens in med-session to reach a high of 5488.10 points, the rally was attributed to local retail buying yet institutional investors notably pressured the market down to reach a low of 5,413.78 points. Names such as AMER, JUFO and NSGB traded against the general market sentiment, each ending the day up 6.15%, 2.03% and 1.66% respectively, it’s worth mentioning there was market chatter that AMER will distribute 0.09 EGP ( which is 13% div yield ) mixed with a strong quarter results which showed g rowing in revenues by 45.3% y-o-y and doubling the net profit.

Investor mix:
•  Foreigners were net Sellers by 12.73 mn EGP and were 17.83% of the market.
•  Egyptians were net Buyers by 6.04 mn EGP and were 75.69% of the market.
•  Arabs were net Buyers by 6.68 mn EGP and were 6.48% of the market.
•  Institutions were net Sellers by 22.31 mn EGP and were 26.39% of the market.
•  Retail were net Buyers by 22.31 mn EGP and were 73.60% of the market.

Kenya: NSE 20 -0.19%, USD 5.81m

Kenya continues to attract decent levels of activity while the NSE20 was slightly soft closing down 19bps for the day. Mumias Sugar found some strong buying support and closed up 3.6% at KES 5.75 while BATK fell 4.22% to close at KES 431 although volumes were really low in the name. The most active day on the day was once again Safcom which saw foreigners buying and selling – a total of 27mill shares traded with the name closing down 1.08% at KES 4.60. The banking sector saw improved activity – Equity Bank closing down 1% while KNCB ended the day unchanged at KES 30.25.

Mauritius: Semdex -0.20%, USD 320k

Very quiet day in Mauritius to start the week with value traded amounting to USD 320k while the market closed the day lower with the Semdex falling 0.20% to close at 1,653.98. CFS led in terms of value traded thanks to a cross of 818k shares at 5.30. MCB and SBM were both extremely quiet and closed at 162.00 and 82.50 respectively. There was a fair amount of activity in NMH with the name gaining 1.85% to close at 55.00.

Nigeria: ASI -0.51%, USD 13.88m

A cross in Zenith Bank was about the only excitement on yet another dull day in Nigeria as the market awaits the MPC decision, due out tomorrow. The BNK10 closed the day down 34bps with performance very mixed in the sector. UBA fell 2.08% to close at N4.70 while Diamond Bank was the best performer in the sector, up 1.23% at N4.10. In the consumer names, Nigerian Breweries fell 3.32% to close at N131 on good volume.

South Africa: Top 40 +1.25%, USD 1.11bn

The JSE ended the day higher with the Top 40 Index gaining 1.25% to close at 33,020 while value traded amounted to USD 1.11bn. Resouces were the day's biggest gainers with the Index gaining 2.05% followed by Financials and Industrials which gained 1.23% and 0.55% respectively. The Rand was trading at 8.82 and 11.29 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE +0.18%, USD 111k

Decent day in Lusaka with value traded amounting to USD 111k thanks to a cross in ZMBF. The names that traded included CEC, ZMBF, ZNCO and ZSUG. ZMBF was the biggest contributor towards turnover with value traded in the name amounting to USD 110k. CEC was the second biggest contributor towards turnover with value traded in the name amounting to USD 478.

Zimbabwe: Industrial Index -0.35%, Mining Index -0.53%, USD 2.76m

Industrials extended losses at call on Monday despite somewhat improved activity on the back of block trades in Econet and SeedCO. The industrial index slipped 0.35% to close at 154.15pts weighed down by losses in OLD MUTUAL down -1.18% at 168 cents; DZLH which shed -4.55% to 21c, FIDELITY LIFE that came off -7.7% to 12c and MEIKLES that shed -6.7% to 14c. The top faller on the day was African Sun that dropped 0.9c with other notable losses being seen in Barclays down -6.8% at 2.6c and Padenga that traded -5.3% at 4.5c. PGI was bid and offer at 0.7c and 1c. the group issued a circular inviting shareholders to an EGM to approve the disposal of its remaining 27.9% stake in Manica Board and the sale of excess assets valued at $5.15m worth. The value of trades surged 112.6% to $2.8m with telecoms giant Econet driving value after contributing 41% ($1.1m) of the value and saw its price improve by a +0.21% to 481c. A block trade in SeedCo of 750 ,000 shares ahead of the group’s interim results release slated for later today saw he seed house emerge the second most sought after stock for the day. Foreign participation was much improved with purchases going up by over 300% to $1.50m while foreign sales were up 195% at 1.54m. The mining index extended its losses with a -0.53% drop to 72.80pts as RIOZIM eased -1.82% to 54c while the rest of the mining stocks traded at previous levels.