Movers & Shakers: October 25, 2012

African Currencies

Botswana: DCI +0.04%, USD 8k

Two incredibly dull days in bots, only $8k traded for the second successve session. 6 names traded after only 4 traded yesterday. There were 4 px changes, 2 black and 2 red. The losers were ABCH -7t to 408t and mkt heavyweight FNBB -3t to 292t while Choppies and Letlole closed higher +5t to 195t and +1t to 151t respectievely.

Egypt: closed

PLEASE NOTE THAT THE EGYPTIAN MARKET WILL BE CLOSED FROM THURSDAY 25 OCTOBER TO SUNDAY 28 OCTOBER DUE TO EID CELEBRATIONS.

Kenya: NSE20 +0.59%, USD 2.98m

With a number of African stock exchanges closed for the Eid celebrations, Kenya expectedly saw activity lighter than normal. Foreign investors were mostly absent as well. Despite the low turnover, the NSE20 still gained 59bps as buying interest across most counters persists. Safcom saw strong demand with the name closing up 2.35% at KES4.35 while the banks were slightly soft ahead of KCBs 2012 Q3 results. KCB released their Q3 results after the session and at first glance the results looked good with a strong improvement in profits, led higher by strong growth in income from loans.

Mauritius: Semdex -0.16%, USD 661k

The Semdex srtuggled again today with praticipants lacking any conviction. As usual, MCB was the most active name, accounting for 75% of the activity. There were three losers from the SEM-7 but no winners. Hotelier NMH eased -0.88%, Terra fell -0.25% while Bramer lost -2.35%.

Nigeria: closed

PLEASE NOTE THAT THE NIGERIAN MARKET WILL BE CLOSED ON THURSDAY 25 OCTOBER AND FRIDAY 26 OCTOBER FOR EID CELEBRATIONS.

South Africa: Top 40 +0.09%, USD 1.1bn

The JSE ended the day higher with the Top 40 Index gaining +9bps, following global mkts higher. UK’s quarterly growth reading surprises on upside while the rand firms after Gordhan's speech. The mkt is showed a lack of conviction again, just breaching the $1m level. The golds and banks index were the two indices to fall while the resources, financials and industrials all closed in the black.

Zambia: LuSE -0.014%, USD 85k

It was ver slow going in Lusaka today. The top trder was ZSUG, accounting for 94% of all the activity while Zanaco and CEC were 2nd and 3rd on the list. The only name to chnage px was CEC falling 2k to close at 648.00 which was a -0.31% loss.

Zimbabwe: Industrial Index -0.59%, Mining Index +0.89%, USD 1.79m

The industrial index retraced its steps in the negative recording a third consecutive loss easing 0.59% to 155.10point weighed down by further profit taking in Delta and losses in Meikles and Innscor. Delta gave a up 2.30% to 85c, Meikles dropped 2.94% to 16.50c while Innscor failed to hold at 80c retreating 0.12% to 79.90c. Mitigating the losses were gains in Econet which rose 1c to 501c ahead of its interims this afternoon to. DZLH put on 3.57% to 20 cents on a block of 1.5m shares valued at $309 235. Activity improved on the back of 318% improvement in volumes to 15.29m after a special bargain of 10m shares in Pearl exchanged hands. Value traded rose to $1.79m from $1.15m supported by volumes in Delta. Seedco, DZL and CBZ. Foreign participation stood at $0.672m on the buy side 15.6% lower than yesterday while sales grew 435 to $0.593m. The mining index gained 0.78 points or 0.89% to close at 88.82 points spurred by Rio Zim which recove red 3.33% to 62c. Bindura and Falgold were unchanged at previous trading levels while Hwange recorded no trades..