Movers & Shakers: September 07, 2012

African Currencies

Botswana: DCI +0.03%, USD 83k

A quiet end to the week in Botswana. 7 names traded on the day with ENGEN and FNBB the most active names, Letshego was very quiet. There were two price movers, one up and one down. Engen added 5t to close at 625t while Stanchart fell -5t to close at 975t.

Egypt: Market closed for the day.

Kenya: NSE 20 +0.30%, USD 2.20m

Activity slowed down today with value traded amounting to $2.20m as foreigners were rather quiet. Mumias Sugar was rather active today thanks to a large cross (both the buyer and seller were local) that went through early on in the session with a total of 7.14m shares traded on the day. Foreigners accounted for all of the purchases in KNCB as a total of 1.12m shares traded in the name. There was a relatively large cross in CIC Insurance as both the buyer and seller were local with a total of 6.56m shares traded. Foreigners were net buyers and accounted for $700k of total purchases while they accounted for $60k of total sales. The market closed higher with the NSE 20 Index gaining 0.30% to close at 3,899.62.

Mauritius: Semdex +0.10%, USD 2.4m

The market closed the week on a positive note, the usual story with the vols dominated by MCB - almost 50% of the total. The names traded flat again 163.00. The other Sem-7 bank, SBM was the lone loser -0.61% closing at 62.00. Rogers was quite active again after being quiet for a few sessions since all the crosses, the name traded unch at 308.00. NMH and IBL were the winners +1.69% and +1.28% respectively, closing at 60.00 and 79.00 respectively. There was notable activity outside the SEM-7 in finance names MUA and Swan with both names trading flat at 120.00 and 325.00 respectively.

Nigeria: ASI +1.13%, USD 20.55m

It was a relatively active end to the week. The market opened higher and continued on this path all session with a little hiccup ¾ of the way into the session, eventually closing +1.13%. The top tier banks were all higher with Access and Zenith the biggest outperformers, +4.96% and +1.83% respectively. Zenith was by far the most active name on the day accounting for almost $8m worth of the trade. Collectively the banks represented 75.6% of the total activity. The consumer plays also had a good day, Cadbury +1.48%, DangS +2.67% and brewer NB +3.66%. 34 stocks advanced, 14 declined and 45 remained unchanged.

South Africa: Top 40 +0.35%, USD 1.76bn

The JSE ended the day higher with the Top 40 Index gaining 0.35% to close at 31,530 while value traded amounted to USD 1.76bn. Resources were the day's biggest gainers with the Index gaining 3.54% while Industrials and Financials fell 1.58% and 0.80% respectively. The Rand was trading at 8.18 and 10.46 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE +0.01%, USD 650k

Very active in Lusaka today thanks to crosses in ZMBF and CEC with value traded amounting to USD 650k. The names that traded included CECZ, NATB, SCBL, ZAIN, ZMBF, ZNCO and ZSUG. ZMBF was the biggest contributor towards turnover with value traded in the name amounting to USD 520k. CEC was the second biggest contributor towards turnover with value traded in the name amounting to USD 129k.

Zimbabwe: Industrial Index +0.09%, Mining Index unch, USD 564k

The industrial index closed the week higher (its eighth successive gain) putting on a marginal 0.09% to 137.37points in week ending trades. Week on week the industrial index gained 3.86%. Innscor and DZl carried the day for the ZSE despite losses in AICO and Seedco in a much lighter session. Innscor advanced 1.69% to 60c spurred by its June finals, DZL recovered 3.33% to 15.5c, Afdis pushed 6.67% to 16c. Tourism group, African sun was 20% firmer at 0.9c after Dawn withdraw litigation against African Sun as the two seek to resolve tenancy problems through negotiations. However, the gains were offset by losses in Aico Africa which eased 4.76% to 10c, Seedco shed 0.12% to 85c and StarAfrica which pared 4.35% to 2.2c. Volumes dropped 53% to 4.7m shares as turnover also halved to $563,667 from $1.1m due to low foreign activity in today’s session. Foreig n purchases dropped from $1.08m to $394,540 while sales declined to nil from $210,000. The mining index was unchanged at 88.20points for the 4th consecutive session with no activity taking place. Bindura, Falgold, Hwange, and Rio remained bid and offered at previous trading levels. On a week on week basis the mining index lost 0.94%.