Movers & Shakers: September 03, 2012

African Currencies as at GMT 15:30

Botswana: DCI +0.08%, USD 246k

The Gaborone bourse was relatively active today, $246k trading and 14 of the counters seeing activity in the session although 80% of the activity was accounted for by a single security BIHL which traded at 1030 and 1025, closing at the lower level a -5t loss on the day. Turnstar was another loser -1t to close at 159 while Imara was the lone winner on the day +5t to 260t.

Egypt: EGX 30 +0.65%, USD 123m

The market managed to end the day in positive territory, leaving the EGX30 to end the day up 0.65% to close at 5,459.92 points. Volumes continue to improve notably relative to recent market turnovers, market traded a total turnover of USD 123M. Volatility continued throughout the day today in Egyptian blue-chips, as the market started the trading session with a positive sentiment to reach a high of 5473.07 points lead by international investors, yet after an hour of trading the market witnessed notable selling pressure lead by local retail investors along with local institutions. After med-session local retail investors and local institutions changed their sentiment to be net buyers lifting the market to trade back positively again. ESRS witnessed notable selling pressure today on above average volumes, the former ended the day down 0.31% to close at EGP9.67.

Investor mix:
•  Foreigners were net Sellers by 4.13 mn EGP and were 12.96% of the market.
•  Egyptians were net Buyers by 7.76 mn EGP and were 80.21% of the market.
•  Arabs were net Sellers by 3.63 mn EGP and were 6.83% of the market.
•  Institutions were net Buyers by 12.23 mn EGP and were 23.14% of the market.
•  Retail were net Sellers by 12.23 mn EGP and were 76.85% of the market

Kenya: NSE 20 -0.27%, USD 5.76m

Great way to start the new month with value traded amounting to a rather impressive $5.76m. KNCB lead from the front in terms of value traded thanks to a few large crosses with foreigners accounting for 98.5% of purchases while locals accounted for all of the sales as a total of 8.64m shares traded. KenolKobil was active once again today thanks to a large cross with locals dominating both sides of the name as a total of 8.04m shares traded. There was a fair amount of activity in SCAN as foreigners looked to offload the counter (accounting for 99% of sales) with 1m shares traded. Foreigners were net buyers and accounted for $3.12m of total purchases while they accounted for $1.11m of total sales. The market closed the day lower with the NSE 20 Index falling 0.27% to close at 3,855.14.

Mauritius: Semdex +0.15%, USD 1.3m

The only two movers from the SEM-7 were NMH and IBL gaining +0.88% and +1.3% respectively. The two banks MCB and SBM traded sideways at 162 and 82 respectively but accounted for 50% of total activity between them. The usually illiquid Vivo Energy Mauritius was noticeably active today, trading flat at 166. The flurry of activity that we witnessed in Rogers last week seems to be over for now.

Nigeria: ASI +0.50%, USD 7.75m

The market did not manage to get close to the $10m dollar mark, a paltry $7.5m worth trading. Labour day in the US not helping. The top tier banks were mixed UBA -1.115, FBN -0.59% while GTB +0.28%, Zenith +0.46% and access unch. Elsewhere the market was quite well supported. Giant cement company DangC +0.79%, Flourmills +3.74%, UACN +2.76%, Cadbury +4.99% and DangS +2.16% with the other Dangote name DangS +2.16%. 30 stocks advanced, 10 declined and 53 remained unchanged. The highest value of trades were in Zenith, GTB, FBN, DangC and Nestle.

South Africa: Top 40 +0.18%, USD 913m

The JSE ended the day higher with the Top 40 Index gaining 0.18% to close at 31,227 while alue traded amounted to USD 913m. Industrials were the day's biggest gainers with the Index gaining 0.33% followed by Resources and Financials which gained 0.05% and 0.03% respectively. The Rand was trading at 8.40 and 10.57 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -0.01%, USD 40k

Rather quiet in Lusaka with value traded amounting to USD 40k. The names that traded included AELZ, CECZ, LAFA, SCBL, ZNCO and ZMBF. ZMBF was the biggest contributor towards turnover with value traded in the name amounting to USD 26k. LAFA was the second biggest contributor towards turnover with value traded in the name amounting to USD 7k.

Zimbabwe: Industrial Index +0.42%, Mining Index -0.93%, USD 1.1m

The mainstream industrial continued on its fine run rising further in month opening trades on improved trading activity. Heavy caps AICO, Innscor, Econet and Seedco spurred today’s gains with resurgent foreign participation. The industrial index advanced 0.42% to 132.82points. Agro concern, AICO led the risers putting on 17.65% to 10c spurred by demerger plans that will see the separate listing of subsidiaries Olivine and Cotco as part of the much awaited recapitalization of the debt ridden group. Innscor added 0.92% to 55c, Seedco rose 0.12% to 85.10c while Econet was 0.48% firmer at 420c. Four stocks traded in the negative. Fidelity pared 3.64% to 13.49c; ZBFH eased 3.23% to 9c while Old Mutual lost 0.64% to 156c. Delta traded unchanged at 71c. Much improved trading activity saw volumes soar to 7.5m shares from 4m with turnover surpassing the 1m mark at $1.1m supported by foreign participation which accounted for 87% of market activity. Favourite stocks were Econet, Delta, Ariston, Seedco, AICO and Barclays. The mining index finally reported a change, losing 0.93% to 88.21points. Hwange pared 2.27% 21.50c while Rio, Bindura and Falgold remained offered at previous levels.