Movers & Shakers: October 29, 2012

African Currencies

Botswana: DCI +0.12%, USD 24k

7 names traded in Gaborone with Sechaba being the most active. 5 of the 7 names that traded changed price. ABCH and Choppies were the two winners, they added +2t and +1t to close at 410t and 196t respectively. The three losers were BIHL -15t to 1035t, FNBB -3t to 189t and Sefalana -1t to 310t.

Egypt: EGX 30 +1.73%, USD 95m

The market managed to end the day higher for the second consecutive day, led by continuous buying from local and international institutions. The EGX30 ended the day up 1.73% to close at 5793.15 points on below average volume of USD 95m were more than 15% of total turnover was attributed to a cross in EAST of 1mn shares at EGP90.40. Please note the cross was between 2 international institutions, hence the increase in foreign participation. The positive sentiment continues on the back of last week's peace of news regarding the Constituent Assembly referred to High Constitutional Court, which is clearly giving investors(insitutional) a sense of optimism towards the political road ahead of Egypt while retail investors remain relatively in active, booking some profits and still affected by Eid break. The Real estate sector managed to benefit the most from this continous bullish run given that it's the most volatile sector as it's highly leveraged by local retail. TMGH and PHDC led the sector higher, outperforming their peers and ended the day up 6.15% and 3.96% respectively. JUFO also continues to outperform, on exceptional volumes fueled by the strong results reported, the stock last traded at 6.73, 9.60% higher on the day. Worth mentioning we've started to see a move in OCIC following the negative sentiment that surounded the stock regarding the taxation issue, with name rebounding 2.25% and last printed 269.06.

Investor mix:
•  Foreigners were net Buyers by 42.47 mn EGP and were 29.31% of the market.
•  Egyptians were net Sellers by 36.05 mn EGP and were 63.43% of the market.
•  Arabs were net Sellers by 6.42 mn EGP and were 7.26% of the market.
•  Institutions were net Buyers by 47.55 mn EGP and were 36.92% of the market.
•  Retail were net Sellers by 47.55 mn EGP and were 63.07% of the market.

Kenya: NSE20 +0.20%, USD 7.48m

Another active day in Nairobi with value traded amounting to a rather impressive $7.48m. EABL lead from the front in terms of value traded thanks to a few large crosses as a total of 1.07m shares changed hands with foreigners accounting for 99% of purchases. Foreigners dominated purchases (94%) in BATK as a total of 340k shares traded thanks to two large crosses. Kenya Commercial Bank was fairly active as a total of 1.95m shares traded with foreigners accounting for 90% of purchases. Foreigners were net buyers and accounted for $6.37m of total purchases while they accounted for $1.02m of total sales. The market closed the day higher with the NSE 20 Index gaining 0.20% to close at 4,141.23.

Mauritius: Semdex -0.45%, USD 1.5m

It was a tough day for investors in Mauritius with the SEM-7 suffering even more of a beating than the Semdex. From the big 7 there were 5 fallers but no gainers. Most of the activity was accounted for by the big banks, MCB and SBM. MCB lost -0.62% while SBM fell -0.6%. It was mostly foreign players participating in SBM. SBM goes ex-div tomorrow. Hotelier NMH fell -91% which made it the worst performer, followed by Terra which lost -0.76%.

Nigeria: ASI +0.40%, USD 18.83m

After a steep decline in the last session, the equities market in Nigeria managed to pair back some of those losses. The market opened stronger and continued on this path before pulling back and closing +0.4% better off. The top-tier banks lead the way with the BNK10 closing +1,16% in the black. UBA and Zenith were the standouts +3.12% and +2.86% respectively. It was a mixed session for the mid-tier names with Diamond and Sterling closing +3.53% and +4.38% higher respectively while Fidelity and FCMB were -3.65% and -2.34% for the worse respectively. FCMB reported Q3 2012 numbers which saw PAT increase 74.97%. Conglomerate PZ added +4.06% while food name DangS took a big cut -7.56%. 22 stocks advanced, 26 declined and 54 remained unchanged. The highest value of trades were in Zenith, GTB, NB, Nestle and FBN.

South Africa: Top 40 +0.48%, USD 938m

The JSE ended the day higher with the Top 40 Index gaining 0.48% to close at 32,877 while value traded amounted to USD 938m. Industrials were the day's biggest gainers with the Index gaining 0.67% followed by Resources which gained 0.45% while Financials fell 0.19%. The Rand was trading at 8.69 and 11.22 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE +1.89%, USD 12k

Very quiet day to start the week with value traded amounting to USD 12k. The names that traded included BATZ, CEC, LAFA, PMDZ, SCZ, ZMBF and ZSUG. LAFA was the biggest contributor towards turnover wth value traded in the name amounting to USD 5k. BATZ was the second biggest contributor towards turnover with value traded in the name amounting to USD 4.9k.

Zimbabwe: Industrial Index +0.46%, Mining Index +0.40%, USD 3.12m

The ZSE Industrial Index opened the week sturdy wading off last week’s profit taking and managed to recover 0.46%, closing at 154.06pts post a dipped performance last week. The recovery of the index is attributable to blue chips telecoms Econet and renewed buying in beverage company Delta. Econet traded at 0.01c up at 480c as 530,500 shares worth $2.5m exchanged hands. Beverages company, Delta gained 3.06% to land at 87.60c with a sizable parcel of 264,902 being traded. Fast food giant, Innscor however succumbed to selling pressure closing at 1.97% lower at 74.50c. Volumes traded declined to 3.95m from Friday’s 4.8m while the foreign buying in Econet spurred turnover to $3.12m from $2.69m. Foreign participation stood at $2,756,250 and $113,238.46 on the buying and selling side respectively. Econet trades pitched in 82% to Monday’s turnover. Delta and Inscor contributed 7% a piece. Pearl and Seedco were paired at 1% whilst the other counters accounted for 3% of $3.12m. The Mining Index rose 0.40% to 90.63points buoyed by Hwange and Bindura which added 5.26% to 20c and 1.36% to 2.99c respectively. Rio Zim traded at an unchanged price of 63.5c. Falgold was the only mining stock that did not record any trades.