Movers & Shakers: October 16, 2013

Botswana: DCI +0.19%, USD 1.34m

Activity picked up again today as value traded amounted to USD 1.34m thanks to a few crosses in Letshego as a total of 5.1m shares traded in the name which accounted for 97% of today's turnover.

Egypt: Closed for the day.

Kenya: NSE 20 -0.21%, USD 5.4m

Activity slowed down a tad today with value traded amounting to $5.6m while foreigners continued to dominate activity and accounted for 57.8% pf purchases and 60.2% of sales. It was no surprise to see Safcom driving activity again as a total of $1.72m worth of shares change hands. Bamburi Cement was relatively active as there was a large foreign seller in the counter with 296k shares traded over the day in the form of few crosses. EABL slid back a bit to close at KES 315 on the back of foreign selling (94.7%).

Mauritius: Semdex +0.36%, USD 923k

There was a little bit of action in MCB (67k shares traded) which managed to drive activity as total value traded amounted to USD 923k. Both major banking stocks ended the day on the front foot with MCB gaining 0.13% while SBM gained 1.00%.

Nigeria: Closed for the day.

Zimbabwe: Industrials +0.25%, Mining -1.77%, USD 2.76m

special bargain in Pearl Properties highlighted today’s session as 18,588,010 shares exchanged hands at the previous close of 3.3c. The parcel which was worth $0.61m constituted 1.5% of the outstanding shares of the company. Together with Delta which was top value contributor at $1.12m, the special bargain helped lift turnover by 430% over yesterday to 2.76m. Since the beginning of the week turnover had remained constrained below the $1m mark despite the recovery in the industrial index. Other top contributors to volume came in at a distant 4% being in fellow property concern Dawn and 3% in Delta. The later who recently announced price increament in its premium brands of lager beers today reported improved revenue of 3% in Q2 and a successive 5% increament for the half year to September 2013. However lager beer volumes declined 10% in the 6 months. Industrials sustained the resurgence adding 0.25% to 214.22 on mid cap gains and Seedco’s rerate which reached $1 mark in today’s session. The minings however receded a further 1.77% to 48.87pts.

African Currencies