Movers & Shakers: October 09, 2012

African Currencies

Botswana: DCI -0.08%, USD 1.13m

It was a very active day in Bots relative to what we have become accustomed to. The name that made the greatest contribution was made by Barclays, +75% of the value traded. The name lost -1t to close at 698t. The other name to make a significant contribution was Furnnmart with the counter also losing -1t to close at 164t. There were three shares that traded in the black, ABCH, Choppies and Sefalana were all winners +5t to 410t, +1t to 186t and +5t to 305t respectively.

Egypt: EGX 30 -0.37%, USD 110m

The market witnessed notable profit taking lead by international investors yet the market managed to gain some grounds by session end, leaving the EGX 30 to end the day down 0.37% to close at 5,566.89 points. As the market started trading with International institutions and local retail investors pressuring the market to trade more than 1.50%(5509.98points) lower, yet after med session local retail GCC and local institutions started to be aggressive buyers lifting to close at 5566.89 pints, it’s worth mentioning that local retail investors ended the day as net-buyers. HRHO managed to lead the market in terms of performance, this was mainly driven by the news out on HRHO were the company stated that they are expecting the EFSA's approval for Q invest deal by next week, the former ended the day up 4.47%. ESRS managed to gain grounds at session end, the former started the day to trade at 9.70 down 5.33%, yet the stock managed to gain some of its losses to trade at a high of 10.54 to end the day down 0.68% to close at a VWAP of 10.16.

Investor mix:
•  Foreigners were net Sellers by 44.68 mn EGP and were 21.83% of the market.
•  Egyptians were net Buyers by 66.49 mn EGP and were 69.48% of the market.
•  Arabs were net Sellers by 21.80 mn EGP and were 8.69% of the market.
•  Institutions were net Buyers by 5.49 mn EGP and were 34.00% of the market.
•  Retail were net Sellers by 5.49 mn EGP and were 65.99% of the market.

Kenya: NSE 20 +0.29%, USD 3.75m

Better day in terms of activity with value traded amounting to $3.75m. Foreigners accounted for 100% of purchases in BATK with a total of 140k shares changing hands in the counter. There was a fair amount of activity in Kenya Airways with locals and foreigners active on both sides of the counter as a total of 4.19m shares traded. Williamson Tea was surprisingly active thanks to a few crosses with locals dominating trade in the name as a total of 160k shares traded. Foreigners were net buyers and accounted for $1.53m of total purchases while they accounted for 460k of total sales. The market closed the day higher with the NSE 20 Index gaining 0.29% to close at 3,983.16.

Mauritius: Semdex -0.04%, USD 1.15m

The mkt made a marginal loss in today’s session, -0.04% with many names closing at a different price to that which they opened the day at. Bank, MCB made a +0.62% gain while hotel name NMH was the other counter from the SEM-7 to advance on the day +0.88%. The two losers were ENL Land and Rogers -0.25% and -3.91% respectively. The biggest loser Rogers was also the most active counter from the Sem-7, 1/3 of the value traded. The most active name on the day however was Sun Resorts with the share accounting for half the value traded and losing -3.89%.

Nigeria: ASI +0.84%, USD 19m

The market continued where it closed yesterday’s session, opening stronger and continuing on this path. The banks led the way with all the top and mid tier names closing stronger, except for Zenith which bucked the trend – closing -1.06% worse off. FBN and UBA were the outperformers from the top-tier names while Diamond and Fidelity were the big winner from the mid-tier names +10.00% and +9.8% respectively. Diamond released results today Q3: revenue NGN110.109b vs NGN74.647b; profit before tax NGN23.216b vs NGN(6.924b); Profit after tax NGN18.170b vs NGN(6.101b). From the consumer names Cadbury and DangS were the standouts +4.89% and +4.82% respectively. 36 stocks advanced, 11 declined and 56 remained unchanged. The highest value of trades were in FBN, Access, Zenith, GTB and Nestle.

South Africa: Top 40 -0.76%, USD 1.41bn

The JSE ended the day lower with the Top 40 Index falling 0.76% to close at 31,940 while value traded amounted to USD 1.41bn. Financials were the day's biggest losers with the Index falling 1.00% followed by Industrials and Resources which fell 0.92% and 0.40% respectively. The Rand was trading at 8.78 and 11.32 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE +0.15%, USD 210k

Much better day in Lusaka today with value traded amounting to USD 210k thanks to crosses in ZNCO and ZMBF. The names that traded included AELZ, CECZ, LAFA, SCZ, ZAMBREW, ZAIN, ZNCO and ZMBF. ZNCO was the biggest contributor towards turnver with value traded in the name amounting to USD 163k. ZMBF was the second biggest contributor towards turnover with value traded in the name amounting to USD 41k.

Zimbabwe: Industrial Index +0.03%, Mining Index +0.19%, USD 557k

The industrial index closed the day marginally higher gaining +0.03% at 152.09pts in a mixed trading session. Volume declined 245 to 7.60m shares, market turnover slumped 54% to $0.557m worth of deals. Sluggish trading is attributed to the lack of supply in blue chip counters Econet,Delta and Innscor. Foreign investors were net buyers having sold $55,612 worth of shares against buys of $149,485. Heavy cap counters were however in mixed trades after Old Mutual lost -0.57% to 175c, Meikles and Delta recovered 2.28% and 0.01% respectively. Seedco also gained 0.39 c closing at 93 cents. Econet remained stable at 475c along with the cement giant PPC that remained unchanged at 240c. A 3.17% gain in Rio Zim to 65c saw the mining index recover +0.19% to 88.16 but remains significantly entrenched in the negative with the YTD performance having lost -12.45% since January. A paltry volume of 249 shares traded in Hwange 0.5c lower than yesterday. No trades in Falgold and Bindura.