Movers & Shakers: September 14, 2012

African Currencies

Botswana: DCI +0.16%, USD 236k

Decent day in Botswana with value traded amounting to USD 236k thanks to crosses in BIHL, FNBB and Stanchart while the market closed in positive territory with the DCI gaining 0.16% to close at 7,361.27. Choppies (181t, +1t) was the only counter that closed higher on the day while Cresta (94t, -1t), Letshego (138t, -1t) and Turnstar (148t, -7t) were the only names that closed lower.

Egypt: Market closed for the day.

Kenya: NSE 20 -0.01%, USD 4.7m

Another active day in Kenya despite the volumes being lower than the rest of the week. Block trades in KNCB, Safcom and KPLL were backed up by active 2-way in EABL, Equity Bank, SCB and Barclays. KNCB was yet again the top of the turnover charts with the name dragging the index down by closing down 3.57% at KES27. Safcom went ex-div today and hence closed down 4.85% at KES3.95. Foreign activity was yet again heavily slanted to the buy side yet total foreign participation still accounts for less than 50% of all the volume.

Mauritius: Semdex +0.33%, USD 1.17m

The market managed to close in positive territory with the Semdex gaining 0.33% to close at 1,702.24 while value traded amounted to USD 1.17m. MCB and SBM closed the day flat at 164.00 and 82.00 respectively and traded on rather thin volume. There were a number of crosses in Bramer Banking as a total of 260k shares traded in the name. Terra was rather active thanks to a cross of 267k shares at 38.00 as a total of 274k shares traded.

Nigeria: ASI +0.76%, USD 18.44m

Friday ended in Lagos much the same way it has been for the bulk of the week with the market rallying on good volumes. The banking sector showed some softness with the BNK10 closing down 10bps dragged under by Access (-3.14%), FCMB (-3.33%) and IBTCCB (-1.97%). Diamond, Skye, Fidelity and Sterling all had strong days while yet again the banking sector dominated the daily turnover stats. The brewer NB continues to taste sweet with investors driving the price up 4.17% to N137.50 while Cadbury, Flour Mills, UACN and Ashaka Cement all displayed strong outperformance.

South Africa: Top 40 +2.14%, USD 3.47bn

The JSE ended the day higher with the Top 40 Index gaining 2.14% to close at 32,328 while value traded amounted to USD 3.47bn. Resources were the day's biggest gainers with the Index gaining 5.43% followed by Industrials which gained 0.46% while Financials fell 0.68%. The Rand was trading at 8.21 and 10.82 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -0.51%, USD 207k

The market closed the day lower with the LuSE falling 0.51% to close at 3,713.15 while value traded amounted to USD 207k thanks to a cross in CEC. The names that traded included AELZ, CECZ, LAFA, PUMA, SCBL, ZNCO, ZMBF and ZSUG. CECZ was the biggest contributor towards turnover with value traded in the name amounting to USD 157k. AELZ was the second biggest contributor towards turnover with value traded in the name amounting to USD 17k.

Zimbabwe: Industrial Index +0.21%, Mining Index -2.29%, USD 1.35m

The equities market close the week firm as an 11% stake in Pelhams exchanges hands. The industrial index closed higher recording its third straight weekly gain narrowing its YTD loss to 4.00% as ZSE stocks respond favorably to the recently released June interims and finals. The Industrial index rose 0.21% breaching the 140point mark at 140.02points and closed the week 1.93% to the good. Trading was generally subdued in most heavy cap stocks while a block trade of an 116m or 11% stake in furniture group Pelhams executed at 0.8c helped volumes. The block which was held under LES nominees was snapped by a foreign buyer which saw foreign participation rise to 76% or $1.02m while sales rose to 70% or $0.950m. The mining index pared 2.29% to 80.48points weighed down by Falgold which gave up 35.50% to 12.9c. Hwange and Rio were unchanged at previous trading levels. Week on week the mining index lost 8.75% worsening its YTD loss to 20.08%.