Movers & Shakers: October 19, 2012

African Currencies

Botswana: DCI -0.05%, USD 664k

It was a fairly active end to the week at $664k. The two biggest mkt caps, FNBB and Barclays were the contributors, together accounting for 94% of the total activity. Barclays managed to advance +10t to end at 690t while Letlole +5t to 150t and Stanchart +20t to 100t were the other two gainers, the only faller was Cresta -1t to 89t.

Egypt: Market closed for the day.

Kenya: NSE 20 +0.26%, USD 6.73m

Decent way to end the week with value traded amounting to a rather pleasing $6.73m. EABL was extremely active thanks to a few large crosses with foreigners accounting for 99% of purchases as a total of 950k shares traded. Equity Bank was active once again as a total of 4.87m shares changed hands in the name with foreigners accounting for 69% of purchases. There as a surprising amount of activity in Barclays Bank as locals dominated trade in the counter with a total of 4.69m shares traded. Foreigners were net buyers and accounted for $4.54m of total purchases while they accounted for $3.72m of total sales. The market closed the day higher with the Top 40 Index gaining 0.26% to close at 4,034.07.

Mauritius: Semdex -0.06%, USD 343k

A really quiet end to the week in Mauritius $343k with the mkt ambling along sideways – eventually closing -5bps lower. Not one of the Sem-7 names managed to trade more than a million rupees worth of stock today. One share from the Sem-7 closed in the black, ENL Land +0.25% while the only name to close in the red was Terra -1.25%. Alteo Limited was the most active trader on the day, trading unch at 28.00.

Nigeria: ASI +0.09%, USD 20.57m

The mkt opened marginally stronger and traded around the +10bps level all session and eventually closing at +0.0%. The value traded improved on yesterday’s number but it was still a bit quiet at $20m. The Top-tier banks had another mixed session, ETI, FBN and UBA closed in the red while GTB, Zenith and Access all closed higher. ETI was the biggest faller -3.21% while Access was the biggest outperformer +3.3%. Access released results during the session, GE +88.01%, PBT +116.45% and PAT +156.88%. The cements were quiet as were the conglolmerates. Cadbury added +2.4% and DangS added +1.04%. 30 stocks advanced, 21 declined and 46 remained unchanged. The highest value of trades were in Zenith, FBN, GTB, Nestle and Access.

South Africa: Top 40 -0.64%, USD 1.05bn

The JSE ended the day lower with the Top 40 Index falling 0.64% to close at 32,609 while value traded amounted to USD 1.05bn. Financials were the day's biggest losers with the Index falling 0.97% followed by Industrials and Resources which fell 0.78% and 0.45%. The Rand was trading at 8.64 and 11.26 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE +0.27%, USD 15k

Quiet day to end the week in Zambia with value traded amounting to USD 15k. The names that traded included AELZ, BATZ, CEC, LAFA, PUMA, SCZ, ZSUG and ZANACO. BATZ was the biggest contributor towards turnover with value traded in the name amounting to USD 9k. LAFA was the second biggest contributor towards turnover with value traded in the name amounting to USD 1k.

Zimbabwe: Industrial Index +1.24%, Mining Index unch, USD 2.17m

The industrial index rose a further 1.24% to 158.59points spurred by the Delta, CBZ and Innscor. Delta rose an impressive 3.33% to 93c as a $1 per share mark approaches reality and has now returned 32.86% since January. Banking giant CBZ advanced 9.18% to 12.01c while Innscor was 0.25% higher at 80.2c. DZL recovered 1.05% to 19.2c. Industrial index has recorded an eight week successive rally garnering an impressive 21.76% return and is now 8.73% up on YTD basis. Week on week the industrial index was up 3.97 points (2.57%). Despite the recovery in overall market the party has been restricted to mainly heavy cap stocks as foreign cherry pick on stocks with solid performances in terms of profitability, cash flows and strong balance sheet. Foreign inflows rose 100% to $1.5m from 2.4m shares while foreign sales were boosted by block sales in Barclays which amounted to 6.4m shares worth $0.183m. Overall volumes improved by 152% to 20.49m shares the bulk of which were invested in Barclays (6.4m), Delta (1.5m), Zimplow (2m) and ZHL (2.5m). Value traded improved 755 to $2.17m. The mining index closed the week steady at 86.63points. BINDURA and Hwange were unchanged at previous trading levels while Falgold and Riozim recorded no trades. Week on week the mining index slipped 0.85 points (0.97%).