Movers & Shakers: September 18, 2012

African Currencies

Botswana: DCI +0.13%, USD 517k

An active day by the usual standards in Gaborone, over $500k. 2/3 of the value traded was accounted for by Sechaba, the name traded flat at 1455t. Letshego traded at 139t +4t on the day. There were three fallers, Choppies -1t to 180t, mkt heavyweight FNBB -2t to 293t and NAP -2t to 215t.

Egypt: EGX 30 -0.08%, USD 193m

The market witnessed notable profit taking lead by international investors yet the market managed to rebound by session end, leaving the EGX 30 to end the day down 0.08% to close at 5890.80. As the market started trading Local and International institutions pressured the market to trade more than 1.6%(5802.80 points) lower, yet by med-session local retail and GCC institutions started to be aggressive buyers lifting the market to reach a high of 5899.07 points. Market volumes continue to improve, market traded a total turnover of USD 193m, its worth mentioning retail investors accounted for more than 79% of the total turnover. Names such as CCAP and ESRS witnessed notable buying appetite, both names traded above average volumes to end the day up 5.60% and 3.62% respectively.

Investor mix:
•  Foreigners were net Sellers by 44.55 mn EGP and were 11.08% of the market.
•  Egyptians were net Buyers by 46.34 mn EGP and were 78.74% of the market.
•  Arabs were net Sellers by 1.79 mn EGP and were 10.18% of the market.
•  Institutions were net Sellers by 40.69 mn EGP and were 20.71% of the market.
•  Retail were net Buyers by 40.69 mn EGP and were 79.28% of the market

Kenya: NSE 20 +0.16%, USD 2.7m

Slightly better day in terms of activity today with value traded amounting to $2.7m. There was strong foreign demand in Safcom again today (98% of purchases) with a total of 10.46m shares changing hands in the name. Activity increased in Equity Bank as a total of 1.39m shares traded with foreigners accounting for 97% of purchases. There was a large cross in Housing Finance as a total of 2.01m shares traded over the day with both the buyer and the seller being local. Foreigners were net buyers and accounted for $1.74m of total purchases while they accounted for $378k of total sales. The market closed higher with the NSE 20 Index gaining 0.16% to close at 3,956.5.

Mauritius: Semdex +0.15%, USD 1m

Activity levels were low while the Sem-7 and Semdex both made gains for the second consecutive day this week, +0.12% and +0.15% respectively. MCB, ENL Land and Alteo Limited were the main contributors to the value traded - ENL Land traded +0.26% higher to close at 39.00 while the other two names traded unch. Rogers was the only other name to change value from the SEM-7.

Nigeria: ASI +0.31%, USD 19.06m

It was an active day in Lagos today, $19m with the market making a decent gain too, +0.31%. Today it was not the top-tier banks that dictated the direction of the mkt. They traded flat with UBA making a marginal gain and Zenith a -1.235 loss. The second-tier banks shot lights out, Diamond +7.58%, FCMB +4.83%, Skye +4.13% and Sterling +1.53%. The rest of the sectors all performed strongly. The conglomerates PZ and UACN advanced +1.2% and +1.23% respectively. Food names DangS and Nestle also had a strong day, +1.04% and +4.59% respectively. The two names to fall foul of the bears were DangF and NB, losing -2.23% and -1.82% respectively. 32 stocks advanced, 17 declined and 51 remained unchanged. The majority of the trades were in Zenith, Skye, NB, Access and FBN.

South Africa: Top 40 +0.14%, USD 1.84bn

The JSE ended the day higher with the Top 40 Index gaining 0.14% to close at 32,166 while value traded amounted to USD 1.84bn. Financials were the day's biggest gainers with the Index gaining 0.94% followed by Industrials which gained 0.45% while Resources fell 0.68%. The Rand was trading at 8.23 and 10.77 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE +0.43%, USD 18k

Another quiet day with value traded amounting to USD 18k. The names that traded included CECZ, SCBL, LAFA, ZNCO and ZSUG. CECZ was the biggest contributor towards turnover with value traded in the name amounting to USD 12k. ZSUG was the second biggest contributor towards turnover with value traded in the name amounting to USD 1k.

Zimbabwe: Industrial Index +0.21%, Mining Index -0.75%, USD 6m

The market saw an improved total turnover of $5,994,079.28. The bulk of the funds went into Delta that saw a book over of 6.8 million shares at 75cents, Inns or traded a volume of 206,207 shares at 69.85cents and Rio Zim also witnessed a book over of 498,240 shares at 51cents. At the close, the industrial index was 0.21% higher at 141.67 points while the mining index shed 0.75% to close at 77.23 points; as a result of Hwange that lost 0.50cents to trade at 20cents. Resurgent AICO was 1 cent firmer, BATZ gained 20cents, Lafarge was up 2 cents, Old Mutual put on 4.11cents and PPC was 5cents stronger.