Movers & Shakers: September 12, 2012

African Currencies

Botswana: DCI +0.16%, USD 69k

Back to the usual quiet day in Botswana. Letshego did dominate what little vols that went through – the name lost 1t to close at 139t. There were only 6 other names that traded in the session with FNBB the only other name to change price, the counter added 10t to close at 300t.

Egypt: EGX 30 +0.49%, USD 210m

The Market managed to continue to trade with a positive sentiment, leaving the EGX30 to end the day up 0.49% to close at 5725,68 points. Market volumes continue to improve significantly compared to recent market turnover, market traded at total turnover of USD 210m. The market managed to end the day in positive territories with international institutions along with local retail investors supporting the market by being the sole net buyers today. The market started with notable buying appetite to trade more than 1% higher, yet by med-session profit taking was evident across the board lead by local institutions. Names such as HRHO, OCIC ORTE and CCAP witnessed notable profit taking each last printing down -3.08% , -0.94%, -2.70% and -3.22% respectively.

Investor mix:
•  Foreigners were net Sellers by 4.21 mn EGP and were 19.35% of the market.
•  Egyptians were net Buyers by 6.22 mn EGP and were 72.78% of the market.
•  Arabs were net Buyers by 2.05 mn EGP and were 7.88% of the market.
•  Institutions were net Buyers by 14.37 mn EGP and were 28.84% of the market.
•  Retail were net Sellers by 14.37 mn EGP and were 71.15% of the market

Kenya: NSE 20 +0.96%, USD 7.09m

Activity remained robust in Nairobi with value traded amounting to $7.09m. EABL once again lead from the front with a total of 580k shares traded in the name as foreigners accounted for 61% of purchases. Foreign interest remained high in Safcom (98% of purchases) as a total of 28.04m shares traded. Locals dominated activity in Barclays as a total of 2.97m shares traded in the name. Foreigners were net buyers and accounted for $3.65m of total purchases while the accounted for $2.12m of total sales. The market closed the day higher with the NSE 20 Index gaining 0.96% to close at 3,941.10.

Mauritius: Semdex -0.12%, USD 4.8m

It was a very active day in Mauritius today, almost $5m worth trading. The two big traders were MCB and Terra, collectively accounting for over 80% of the total val traded. The vast majority of this was done via crosses on the crossing board. MCB traded unch at 165.00 while Terra traded at 38.5 also unch. There was only one price mover from the SEM-7, which was the other bank SBM, losing -0.61% to close at 82.00.

Nigeria: ASI +1.1%, USD 20.61m

A big pick-up in activity today, with the $20m mark being breached. After a few session where the bears where in control the bulls took charge today. The top tier banks all closed in the black, the outperformers were UBA, +5.00%, Access +4.12% and ETI +4.36% another name that made a big leap was mid-tier name Sterling +5.00%. The cements had a good day although DangC traded sideways. The consumer plays did quite well as a generalization with Cadbury and DangS the significant winners +2.72% and +4.87% respectively. DangF released some disappointing results Rev down -7.61% YoY, PBT down -118.55% YoY and PAT down -126.41% YoY but the name closed unch at 6.75. 34 stocks advanced, 12 declined and 61 remained unchanged. The highest value of trades were in Zenith, FBN, Access and GTB.

South Africa: Top 40 +0.86%, USD 1.56bn

The JSE ended the day higher with the Top 40 Index gaining 0.86% to close at 31,533 while value traded amounted to USD 1.56bn. Industrials were the day's biggest gainers with the Index gaining 0.96% followed by Resources and Financials which gained 0.89% and 0.54% respectively. The Rand was trading at 8.35 and 10.79 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -0.48%, USD 184k

Decent day in Zambia with value traded amounting to USD 148k. The names that traded included BATZ, CECZ, LAFA, PUMA, SCBL, ZNCO and ZSUG. LAFA was the biggest contributor towards turnover with value traded in the name amounting to USD 42.8k. SCBL was the second biggest contributor towards turnover with value traded in the name amounting to USD 42.3k. There was a fair amount of activity in PUMA with value traded in the name amounting to USD 39k.

Zimbabwe: Industrial Index +0.66%, Mining Index unch, USD 2.77m

The equities market edged higher in mid-week trades putting on 0.66% to 139.26points on continued gains in Innscor and BAT while Econet breached the 425c gaining 1.18% to 430c. Innscor rose a further 4.84% to 65c as illiquid cigarette maker, BAT rose 4.29% to a 52-week high of 365c with volumes in still scarce. AFDIS and EDGARS were 0.1c firmer at 16.10c and 7.6c buoyed by improvement in profitability in recent results. On the downside, farm implements manufacturer Zimplow eased 6.78% to 5.50c. The duo of property stocks Pearl and Mash lost 3.57% and 7.34% to 2.7c and 2.5c respectively. Trading activity improved drastically on the back of solid foreign participation. Purchases split 86% to 14% in favor of foreign participation while foreign sales accounted for 10% of sales. Volume traded rose 186% to 6.5m shares with turnover rising to $2.77m from $0.495m. Favorite stocks were Innscor, Seedco, Delta and Econet. The resources sector recorded no activity with the mining index closing unchanged at 86.43points