Movers & Shakers: November 23, 2012

African Currencies

Botswana +0.15%, USD 332k

The value traded was respectable for Gaborone at over $300k and the market managed to advance +0.15%. Eight counters traded on the day with Letshego the most active – 50% of the val traded. Letshego continued on the up +4t to 205t while Map managed to advance 1t to close at 216t.

Egypt: Closed for the day.

Kenya: NSE 20 +0.09%, USD 12.8m

Extremely active day to end the week with value traded amounting to a very impressive 12.8m. Safcom completely dominated activity today as foreigners accounted for 83% of purchases while locals dominated selling in the name as a total of 85.73m shares changed hands. Foreigners dominated purchases (96%) in Kenya Commercial Bank as a total of 5.49m shares traded thanks to a few large crosses. EABL was also rather active as foreigners accounted for 99% of purchases with a total of 492k shares traded. Foreigners were net buyers and accounted for $9.85m of total purchases while they accounted for $785k of total sales. The market closed the day higher with the NSE 20 Index gaining 0.09% to close at 4,166.55.

Mauritius Semdex +0.46%, USD 1.32m

The Mauritian bourse had a strong session with the Semdex +0.46% and the Sem-7 even better at +0.7%. Five of the seven big names traded in the black while the other two traded unch. MCB was the most active name from the Sem-7 and traded +0.62% higher while the other two big bank SBM and Bramer traded +0.61% and +3.45% higher respectively. Terra and Rogers were the other names to trade in the black +0.79% and +0.73% respectively.

Nigeria: ASI +0.20%, USD 10.22m

We thought that today’s session might be even slower than yesterday’s but the value traded managed to breach the $10m mark – just. The big banks were all slightly lower barring Access which managed to add +3.44%. The mid-tier names traded mixed meaning that the BNK10 eventually closed the session marginally higher +0.05%. Some of the consumer plays managed to make large gains Flourmill +2.99%, UACN +2.72%, Unilever +1.79% and Cadbury +3.02%. 19 stocks advanced, 18 declined and 55 remained unchanged. The highest value of trades were in Guinness, FBN, GTB, Access and NB.

South Africa: Top 40 +0.06%, USD 1.04bn

The JSE ended the day higher with the Top 40 Index gaining 0.06% to close at 33,634 while value traded amounted to USD 1.04bn. Industrials were the day's biggest gainers with the Index gaining 0.46% while Financials and Resources fell 0.40% and 0.24% respectively. The Rand was trading at 8.88 and 11.47 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE +0.19%, USD 107k

Relatively active day with value traded amounting to USD 107k thanks to a cross in ZAIN. The names that traded included CEC, LAFA, ZAIN and ZNCO. ZAIN was the biggest contributor towards turnover with value traded in the name amounting to USD 104k. CEC was the second biggest contributor towards turnover with value traded in the name amounting to USD 1.4k.

Zimbabwe Industrial -0.53%, Mining +0.57%, USD 1.24m

The industrial index lost 0.53% to settle Friday’s session at 152.29pts as gains in Econet, OK and Old Mutual failed to undo the damage by Delta and Seedco. Delta pared 2.11% to 95c on profit taking while Seedco lost 1.11% to 89c as investors continue to offload the stock after disappointing interims. Telecoms giant, Econet gained 0.86% or 4c to 490c, OLD MUTUAL recovered 1.23% to trade at 165c while investors gave a cheer to OK ZIMBABWE’s interims as it closed 3.14% firmer at 14.47c. The industrial index slipped 1.29% on a week on week basis. Volumes were much thinner declining 62% to 4.53m shares as turnover declined 4.24% to $1.24m. Foreign participation remained low dropping 40% to a paltry $0.283m on the buy side and $0.058m on sale side. The mining index was up 0.57% to close at 70.42 points after RIOZIM was bid higher at 52 cents despite no trades taking place in the resources board. Week on week the mining index eased 2.77 points (3.78%).