Movers & Shakers: October 15, 2012

African Currencies

Botswana: DCI -0.45%, USD 1.56m

The Mkt in Gaborone saw a large value traded pass through the exchange today, $1.56m. 99% of the value traded was accounted for by Barclays. The name lost 8t to close at 190t. Barclays is the second biggest name by mkt cap. Chobe was the other name to change price – closing -15t at 250t.

Egypt: EGX 30 -0.19%, USD 73m

The market ended the day in negative territories lead by notable selling in OCIC, this was mainly attributed to President Morsi's recent speech during celebrations of the 6th of October, He indirectly mentioned transactions and activities of OCI, Mursi hinted that OCI indirectly owed EGP36 billion in capital gains taxes to the government on account of the sale of the group's cement business to Lafarge in 2007. The President noted that OCI merged and listed the cement segment of its business as part of the construction arm with the objective of avoiding capital gains taxes, the former ended the day down 1.79%, its worth mentioning that the name reached a low of 265(-3.32%). The EGX30 ended the day down 0.19% to close at 5,712.41 points, volumes were with recent average turnovers, market traded a total turnover of USD 73m. HRHO managed to lead the market in terms of performance and volumes, the name witnessed notable buying appetite after the announcement that Egypt Regulator Approves EFG-Hermes, QInvest Joint Venture, although nothing is fundamentally new in approving the Qinvest deal yet local retail investors were strong buyers in the name, the former ended the day up 2.63% to close at EGP12.09.

Investor mix:
•  Foreigners were net Buyers by 44.00 mn EGP and were 13.43% of the market.
•  Egyptians were net Sellers by 43.04 mn EGP and were 81.37% of the market.
•  Arabs were net Sellers by 0.96 mn EGP and were 5.20% of the market.
•  Institutions were net Buyers by 49.53 mn EGP and were 22.20% of the market.
•  Retail were net Sellers by 49.53 mn EGP and were 77.79% of the market.

Kenya: NSE 20 +0.86%, USD 2.62m

Not much on the go in Nairobi today with value traded amounting to $2.62m. There were a few large crosses in BATK as foreigners accounted for 99% of purchases with a total of 150k shares traded in the name. Kenya Airways was rather active as foreigners acounted for 97% of purchases and 98% of sales with a total of 2.36m shares traded. There was a decent cross in Equity Bank with foreigners on both sides as 1.03m shares changed hands. Foreigners were net buyers and accounted for $1.98m of total purchases while they accounted for $930k of total sales. The market closed the day higher with the NSE 20 Index gaining 0.86% to close at 4,029.50.

Mauritius: Semdex +0.13%, USD 1.58m

It was quite an active day in Mauritius as measured by value traded. AS is often the case, MCB dominated the trading activity and managed to add +62bps to its opening price of 162.00 and closing at 163.00. The other big bank SMB and hotelier NMH traded flat. There were two other winners from the SEM-7, ENL Land and Rogers +0.25% and +0.27% respectively. Rogers was the lone loser, closing at 168.00 after being marked down to this level after going ex-div.

Nigeria: Volume and ASI movment not included due to technical issues with the exchange

It was a quiet session with less than $14m trading although it was a tricky session for the traders as a result of a technical problem on Bloomberg. The data had not been updated at time of writing. It is worth noting that UBA and Skye bank both released their 2012 Q3 numbers. Gross Earnings +28.4%, Profit Before Tax +45.4% and Profit After Tax +47.5%. Skye Bank Plc closed +4.94% higher at NGN4.25. There were no offers in the market and 6.9m shares on bid at limit up. Gross Earnings +21.4%, Profit Before Tax +376.1% and Profit After Tax +429.7%.

South Africa: Top 40 +0.56%, USD 1.00bn

The JSE ended the day higher with the Top 40 Index gaining 0.56% to close at 32,457 while value traded amounted to USD 1.00bn. Industrials were the day's biggest gainers with the Index gaining 1.01% followed by Financials which gained 0.36% while Resources fell 0.05%. The Rand was trading at 8.80 and 11.39 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -0.01%, USD 25k

Rather quiet in Lusaka today with value traded amounting to USD 25k. The names that traded included CECZ, NATBREW, SCZ, ZMBF and ZNCO. CECZ was the biggest contributor towards turnover with value traded in the name amounting to USD 11k. SCZ was the second biggest contributor towards turnover.

Zimbabwe: Industrial Index +0.06%, Mining Index -0.78%, USD 1.32m

The industrial index opened the week continuing the positive mood putting on +0.06% to close at 154.71pts. Only 21 of the 78 listed stocks recorded traded today. Four counters traded in the positive while five traded in the negative. Total turnover declined -60.91% to $1.32m on lower volume of 4.72m shares. Econet topped the valued traded list after a handsome volume of 198 866 Econet exchanging hands in a trade worth $964,540, accounting for 73% of the trades. Innscor contributed 11% to turnover and Edgars and Dairy each chipped in with 3%. Total foreign inflows stood at $0.989m up 1.24% from last Friday while there were no foreign sales. Helping the industrials higher was heavy weight Econet that added +1.02% to close at 485.02c as agro concern, Aico rose 8.26% to 13.1c. Innscor advanced a marginal 0.01% to close at 76.01c. The mining index lost -0.78% to close at 86.80pts after Rio eased 6.06% to 62c. Bindura gained by +3.57% closing at 2.9c.