Movers & Shakers: October 11, 2013

Botswana: DCI +0.22%, USD 1.45m

Most of today’s action was in the illiquid stock Turnstar (170t). Outside of this, there was a small cross for 100k Letshego shares at 218t while Choppies closed unchanged at 305t on thin volumes.

Egypt: Closed for the day.

Kenya: NSE 20 -0.35%, USD 11.7m

Another impressive day in Nairobi from an activity point of view as value traded amounted to $11.7m thanks to a large cross in Safcom (foreign/ foreign) as a total of 62.1m shares traded in the telco. There was also a chunky cross in Athi River Mining (foreign/ foreign) as 1.18m shares changed hands in the name. Foreign activity continued to drive action in Equity Bank with the name stabilising at KES 36.25. Kenya Power was the day's top loser (-3.4%) after announcing a 5.5%y/y decline in FY13 EPS. Co-op announced the commencement of operations in South Sudan and the name rallied 0.3% as a result thereof.

Mauritius: Semdex -0.12%, USD 1.05m

A soft day to end the week on the Mauritian bourse. The Sem-7 fell by 8bps with only 2 stocks in the Sem-7 moving and both of these lost ground. MCB closed down 13bps at Rs195.50 while NMH lost 30bps to Rs82.00.

Nigeria: ASI +0.08%, USD 22.38m

After a subdued start to the session we saw activity levels pick up throughout the day. Tier 1 banks drove high activity levels and also led the banks higher by 67bps. Chunky crossing in ETI (-2.43%, N13.65), Guaranty (+44bps, N25.25) and Zenith (+3.31%, N21.51) were the main drivers in this regard. Tier 2 banking names all closed in the green albeit on thin volumes. Consumers fell by a marginal 6bps with Flourmills a key component of this – the name fell by 2.4% to N81 on good volumes. NB was also rather active and lost 24bps to N169.50 while UACN gained 3.22% to N63.50.

Please note that the index figure above is correct at the time of writing.

South Africa: Top 40 +0.75%, USD 1.34bn

The JSE ended the day higher with the Top 40 Index gaining 0.75% to close at 38,903 while value traded amounted to USD 1.34bn. Industrials were the day's biggest gainers with the Index gaining 0.90% followed by Financials and Resources which gained 0.58% and 0.44% respectively. The Rand was trading at 9.91 and 13.43 to the USD and EUR respectively by the time local markets closed.

Zimbabwe: Industrials +0.59%, Mining unch, USD 520k.

The industrials continued on its recovery path for the 19th consecutive trading session as market heavies continue to sustain growth. A marginal 0.59% gain to 212.68pts on the industrials was recorded largely accounted for by telecoms group Econet that gained +4.92% to 64c backed by strong demand and Old Mutual that moved slightly up by +0.02% to 247.55c. Mining’s however remained unchanged as no activity was realized in the cluster. A special bargain on property owners Mash highlighted the session were 4.9m at a price of 4c being a 25% premium to its last traded price. Aggregate volumes were down -77.17% to 6.17m with value traded closing -26.85% weaker at $0.52m. Foreign interest was down with buys -62.89% lower at $0.140m and sales subdued -47.96% at $0.073m

African Currencies