Movers & Shakers: October 30, 2012

African Currencies

Botswana: DCI +0.02%, USD 14k

The activity levels were dire in Bots today. A paltry $14k traded on the day, 4 stocks saw trades. There was one px change – Barclays fell -6t to end the session at 679t.

Egypt: EGX 30 -2.12%, USD 86m

The market witnessed notable selling today after trading slightly higher at open, leaving the EGX30 to end the day down 2.12% to close at 5,768.20 points. Market volumes slightly improved compared to recent average volumes, market traded a total turnover of USD 86m. The market started the day with a positive sentiment with local institution investors supporting the market as net buyers, yet after 30 minutes of trading negative sentiment clearly struck the market following the news on the court ruling Voiding Centamin’s Sukari gold mine contract, this created a sense of panic in the market as many investors feared that similar cases could get the same court decision. Names such as COMI, OTMT and ESRS witnessed notable selling pressure, each ending the day down 3.43%, 3.17% and 3.1% respectively. ORWE traded against the general market sentiment, the former ended the day +1.10%.

Investor mix:
•  Foreigners were net Sellers by 14.71 mn EGP and were 10.71% of the market.
•  Egyptians were net Buyers by 31.48 mn EGP and were 80.88% of the market.
•  Arabs were net Sellers by 16.77 mn EGP and were 8.41% of the market.
•  Institutions were net Sellers by 0.470 mn EGP and were 21.38% of the market.
•  Retail were net Buyers by 0.470 mn EGP and were 78.61% of the market.

Kenya: NSE20 +0.05%, USD 9.50m

Extremely busy day in Nairobi with value traded amounting to a very impressive $9.50m. Bamburi Cement lead from the front in terms of value traded thanks to a large cross towards the end of the session as a total of 1.8m shares changed hands with locals accounting for 76% of purchases. Activity in Kenya Commercial Bank picked up thanks to a few large crosses with a total of 5.1m shares traded as locals accounted for 83% of sales in the name. Foreigners accounted for 99% of purchases in Athi River Mining as a large cross went through with a total of 235k shares traded over the day. Foreigners were net buyers and accounted for $4.15m of total purchases while they accounted for $3.37m of total sales. The market closed the day higher with the NSE 20 Index gaining 0.05% to close at 4,143.40.

Mauritius: Semdex -0.09%, USD 2.12m

It was an active day in Mauritius today, $2.12m, on a day that marked the introduction of Cim Financial Services. Cim Closed at 5.5 but traded as high as 5.6 with good vols going through. MCB, the usual suspect was the most active name accounting for nearly half of all activity. SBM and to a lessor extend Rogers also saw fair vols. There were no winners from the Sem-7 but there were three losers SBM lost -3.61% (ex-div), Rogers eased -1.29% while Bramer took a hammering -9.09%.

Nigeria: ASI -0.91%, USD 20.66m

The mkt in Lagos opened stronger today but soon did a quick U-turn and carried on falling until the close – eventually closing -91bps lower. The top-tier banks dictated the direction of the mkt today. All of the top tier names closed lower except Zenith which traded flat. Conglomerate PZ fell -5.93% while the two food names Cadbury and DangS moved in opposite directions -1.23% and +3.01% respectively. There were quite a few names that reported today including: NB Rev +23.2% while PAT added only +0.4%, UACN increased Rev from N43.5bn to N47.53bn and PAT moved from N3.09bn to N3.91bn. Nestle Rev +20.54% and PAT +63.03%. FBN Rev +19.96% and PAT +48.42%. Lafarge Wapco Rev +56.8% and PAT +54.13%. IBTC Rev +34.97% and PAT +22.63%. The banking sector accounted for 63.43% of the total mkt value. The top-5 stocks as a % of total mkt value were ETI, NB, FBN, Access and Zenith.

South Africa: Top 40 +0.42%, USD 1bn

The JSE ended the day higher with the Top 40 Index gaining 0.42% to close at 37,147 while value traded amounted to USD 1bn. Banks were the day's biggest gainers with the Index gaining +1.02% followed by industrials +0.48% while golds were the only fallers -0.39%. The Rand was trading at 8.64 and 11.21 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -0.21%, USD 16k

Another dull day in Lusaka with value traded amounting to USD 16k. The names that traded included CEC, LAFA, SCZ, ZMBF, ZSUG and ZANACO. LAFA was the biggest contributor towards turnover with value traded in the name amoutning to USD 8k. ZSUG was the second biggest contributor towards turnover with value traded in the name amounting to USD 5k.

Zimbabwe: Industrial Index -0.31%, Mining Index +2.91%, USD 4.42m

The industrial index closed Tuesday trades -0.31% in the negative weighed down by losses in TSL, Edgars and Innscor. TSL eased -12.96% to 10.1c, Edgars slipped -5.56% to 8.5c while Innscor dropped -0.67% to 74c. Six stocks recorded losses; seven traded firm, sixty three unchanged at previous levels while 37 recorded no trades as a change of hands of 804,034 Econet at 480c lifted the turnover. The Econet deal involving foreign purchaser and local investor selling was worth $3.86m boosting market turnover to $4.42m from yesterday’s $2.69m while volumes surged to 11.35m units. The mining index continuing its fine form gaining 2.91% to 93.27pts to 93.27points spurred by Hwange and Rio. Coal mining concern put on 10% to 22c, Rio rose 0.79% to 64c while Falgold and Bindura closed unchanged at 2.99c and 18c respectively.