Movers & Shakers: September 04, 2012

African Currencies

Botswana: DCI +0.01%, USD 53k

It was back to the usual quiet day in Gaborone today with only 4 price changes although 12 names did trade on the day. Letshego was the main contributor to value traded as is often the case. Three names advanced BIHL +5t to 1030, Sechaba +50t to 1450 and Stanchart +5t to 987t while Cresta lost -5t to finish on 95t.

Egypt: EGX 30 +1.49%, USD 145m

The Market managed to continue to trade with a positive sentiment, leaving the EGX30 to end the day up 1.49% to close at 5,541.46 points. Market volumes continue to improve significantly compared to recent market turnover, market traded at total turnover of USD 145m. The market managed to end the day in positive territories with local institutions along with local retail investors supporting the market by being the sole net buyers today continuing with their buying frenzy which started yesterday, yet international investors continue to decrease their exposure in the market to be the sole net-seller along with GCC retail investors. OCIC lead the market in terms of volumes, the name gained notable in buying interest to end the day up 1.52% on volumes of EGP99Mil. COMI ended the day in the reds after trading positively in the last couple of sessions, the name ended the day at a VWAP of 31.67 down 0.03% to last print at 31.50 down 0.57%.

Investor mix:
•  Foreigners were net Sellers by 45.40 mn EGP and were 15.40% of the market.
•  Egyptians were net Buyers by 56.88 mn EGP and were 75.38% of the market.
•  Arabs were net Sellers by 11.48 mn EGP and were 9.22% of the market.
•  Institutions were net Sellers by 1.06 mn EGP and were 27.65% of the market.
•  Retail were net Buyers by 1.06 mn EGP and were 72.34% of the market.

Kenya: NSE 20 +1.06%, USD 1.74m

Very quiet in Nairobi today with value traded amounting to a rather dissapointing $1.74m. Foreigners were on both sides of Safcom today (56% of purchases and 78% of sales) as a total of 12.04m shares traded. Locals dominated activity in KNCB as a total of 610k shares traded in the name. Mumias SUgar was relatively active as a total of 2.41m shares traded with locals accounting for the bulk of trade. Foreigners accounted for $600k of total purchases and $600k of total sales. The market managed to close in positive territory with the NSE 20 Index gaining 1.06% to close at 3,895.86.

Mauritius: Semdex +0.28%, USD 2.33m

The market was quite a bit more active today with over $2m worth trading and mkt managing to make a +28bps gain. A lot of the activity was accounted for by crosses especially in MCB (unch) which accounted for 68% of all the activity. The other large bank SBM was also quite active trading and also traded unch at 82.00. Hotelier NMH made a big leap today +3.48% closing at 59.5. The only other price movers from the Sem-7 where all in the red, ENL Land -0.77%, Terra -0.26% and IBL -0.64%.

Nigeria: ASI +0.63%, USD 91.13m

The value traded was a massive $91m, after a very large cross of UBN shares at 5.61 from Amcon to a consortium, this cross accounted for close to 90% of the activity. The top tier banks had a strong day performance wise, all closing higher with GTB +2.18%, FBN +1.86% and UBA +1.34% the outperformers. In fact the only bank to close lower was mid-tier name FCMB -0.99%. The conglomerates were mixed Flourmills +4.09%, Unilver +0.68% the winners while PZ and UACN lost ground -0.44% and -1.34% respectively. Three of the bigger food names, Cadbury, DangS and DangF were all in the black at the close +4.96%, +3.52% and +0.96% respectively. 34 stocks advanced, 19 declined and 64 remained unchanged. UBN, FBN, GTB, Guinness and DangC were the most active counters.

South Africa: Top 40 -1.10%, USD 1.30bn

The JSE ended the day lower with the Top 40 Index falling 1.10% to close at 30,884 while value traded amounted to USD 1.30bn. Resources were the day's biggest gainers with the Index falling 1.90% followed by Industrials and Financials which fell 0.99% and 0.35% respectively. The Rand was trading at 8.40 and 10.55 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -0.51%, USD 71k

Another quiet day with value traded amounting to USD 71k. The names that traded included CECZ, LAFA, PMDZ, SCBL, ZMBF and ZNCO. ZMBF was the biggest contributor towards turnover with value traded in the name amounting to USD 64k. PMDZ was the second biggest contributor towards turnover with value traded in the name amounting to USD 2k.

Zimbabwe: Industrial Index +2.71%, Mining Index -0.01%, USD 1.7m

Buying impetus on the local bourse saw the mainstream industrial record its fifth straight gain. Delta notched an impressive 6.62% to top 75.7c its highest price so far this year driving the industrial index 2.71% up to 136.42points. AICO added a further 5% to 10.5c as investors position themselves ahead of possible demerger. Short term insurer, Nicoz responded to interims where PAT grew by 17%, over prior with a solid gain of 36.36% at 1.5c. Innscor advanced 3.64% to 57c ahead of June finals coming this Thursday. Sugar producer, Hippo put on 4.86% to 110.1c ahead of AGM tomorrow. Fourteen stocks traded in the positive against only four losses. Trading activity remain buoyant as volumes rose 11.6% to 8.4m shares with turnover rising by 54% to $1.7m, the bulk of which was invested in Delta and AICO. Foreign participation remained net buyers accounting for 84% of total market purchases and just 10% of sales. The mining index eased a marginal 0.01% to 88.20c after Bindura lost 0.33% to 2.99c.