Movers & Shakers: November 30, 2012

African Currencies

Botswana: DCI +0.02%, USD 594k

Letshego once again dominated activity thanks to a decent cross as a total of 1.93m shares traded helping value traded for the day reach USD 594k. NAP was the only name that closed higher on the day, gaining 1t to close at 219t, while BIHL (1,035t, -1t) and Sechaba (1,570t, -1t) were the only names that closed lower.

Egypt: closed on Friday

Kenya NSE 20 -0.69%, USD 4.3m

Equity turnover was largely unchanged today with foreign investors dominating trading accounting for 56% of trades. The NSE 20 index slipped for the fifth straight session edging down 0.69% to 4083.52 points with 15 of the counters traded gaining, 25 declining and the rest remaining unchanged. Buoyed by strong foreign investor demand Safaricom was the day’s main feature, accounting for 29% of volumes. The counter recouped some of the losses made in previous sessions gaining 2% to KES 5. EABL, KCB and Uchumi also climbed, 0.9% , 1.2% and 1.6% respectively, driven by strong foreign investor demand. On the losers side NIC bank eased 4.9% to a four week low of KES 38.75 driven by local investor selling.

Mauritius: Semdex +0.38%, USD 842k

Activity improved in Mauritius today with value traded amounting to 842k with MCB as per usual driving value traded with a total of 75.5k shares traded in the name. The two major bank stocks ended the day slightly mixed with MCB closing unchanged at 161.00 while SBM gained 2.33% to close at 88.00. There was a fair amount of activity in Rogers as a total of 15k shares changed hands. The market managed to close in positive territory with the Semdex gaining 0.38%.

Nigeria +0.34%, USD14.42m

The Nigerian mkt opened slightly lower on weak vols and continued to trade in this band and with a lack of conviction until right at the end of the session where the val traded doubled to over $14m and the mkt soared to +34bps. The banks were mixed although quite heavily skewed toward the black side, bnk10 +0.48%. Zenith performed well +2.31% on good two-way. The losers from the banking sector were the mid-tier names other than Diamond which added +3.57%. There wasn’t much to report on outside the banks besides Unilver which powered up – closing +5% better off at 46.85 and Nestle saw good vals, adding +1.43% at the same time. 25 stocks advanced, 18 declined and 67 remained unchanged. The highest value of trades were in ETI, ZENITHBANK, FBN HOLDINGS, NESTLE and DANGCEM

South Africa: Top 40 +0.62%, USD 1.5bn

The JSE ended the day higher with the Top 40 Index gaining 0.62% to close at 33,872 while value traded amounted to USD 1.5bn. Golds were the day's biggest gainers with the Index gaining 1.07% followed by Industrials and Resources which gained 0.80% and 0.57% respectively. The Rand was trading at 8.85 and 11.52 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -0.03, USD 628k

Lusaka saw the week end on an active note with USD 628,699.26 crossing the floor today. The index inched down 0.03% at 3,609.79pts. Natbrew dominated the vols today with 206,704 shares trading in the name at ZMK 8,990, amounting to USD 357,756.92. ZAMBEEF was the second biggest contributor towards turnover with value traded in the name amounting to USD239,852.31 on 415,744 shares which traded at ZMK 3,000. AELZ and Lafarge picked up ZMK 1 each to close at ZMK 3,403 and ZMK ZMK 8,002 respectively. SCZ was the laggard of the day, closing 20.40% lower at ZMK 796 while ZSUG lost 0.38% at ZMK 260.

Zimbabwe Industrial -0.88%, Mining -2.77%, USD 980k

The onslaught on heavy cap counters continued today as the mainstream index ended the week -0.88% weaker at 150.16points weighed down by losses in Econet, AICO and Dairy. Week on week the industrial index was down 2.53 points (1.66%). Aico was the worst performing counter as the market reacts two days later to their not so impressive interims giving up -33.3% to close at 8c while NMB and Dairy pared -16.67% and -2.33% to 0.50c and 21c respectively. Telecomm Econet closed the day having slipped -1.02% to 485c in a session that saw 41,252 shares traded. The counter closed buyers only at 480c. Meikles and Innscor also earned a spot on the risers list closing at 14.21c and 69.20 apiece having added +1.50% and 0.14% respectively. Trading activity improved significantly as total volumes quadrupled to 18.37m shares from 3.84m with total turnover rising +59.74% to $0.98m. The bulk of the volume traded were seen in property group Dawn were 12.4m shares exchanged han ds at stable price of 0.75c in trades worth $93,045 with foreign investors picking up all the shares. The mining index closed the week -2.77% down at 68.74 pts weighed down by losses in Rio (the only mining counter to trade) which eased -8.33% (-5c) to 55c that saw 11 250 shares trading. On a week-on-week basis the resources sector has lost -1.68 points (2.39%).