Movers & Shakers: September 19, 2012

African Currencies

Botswana: DCI -0.08%, USD 465k

Another active day by the standards in Gaborone. Today it was the turn of FSG to dominate the vols with Letshego also making a fair contribution. 5 names changed price, there were 2 winner and three losers. The gainers were FNBB +2t to 295t, FSG +4t to 150t while the fallers were ABCH -52t to close at 400t. Barclays -5t to 705t and Cresta fell -9t to close at 85t.

Egypt: EGX 30 +0.35%, USD 153m

The market managed to end the day in positive territory lead by local retail and GCC institutions to be the sole net buyers today, leaving the EGX30 to end the day up 0.35% to close at 5911.30 points. Volumes continue to trade within recent average volumes, the market traded a total turnover if USD 153m. The market managed to pick up it bullish momentum again today, yet local and international institutions continue with their profit booking sentiment in various blue chips at these levels. HRHO managed to continue to trade against the market sentiment the name has been seeing notable selling pressure after Sundays AGM meeting were the Qinvest deal has been approved along with a EGP4 dividend, the former ended the day down 0.96% on very strong volumes. CCAP managed to lead the market in terms of performance today, this came after a local newspaper in Egypt quoted that the Algerian government is in the final stages of an agreement with ASEC Cement to sign on a 49% minority interest in ASEC Cement Algeria (Djelfa). CCAP owns 61% of ASEC Cement, the former ended the day up 4.34% to close at EGP4.33.

Investor mix:
•  Foreigners were net Sellers by 31.18 mn EGP and were 10.42% of the market.
•  Egyptians were net Buyers by 28.15 mn EGP and were 83.21% of the market.
•  Arabs were net Buyers by 3.03 mn EGP and were 6.37% of the market.
•  Institutions were net Sellers by 33.70 mn EGP and were 20.63% of the market.
•  Retail were net Buyers by 33.70 mn EGP and were 79.36% of the market

Kenya: NSE 20 +0.06%, USD 3.71m

Activity increased in Nairobi today with value traded amounting to $3.71m. There was substantial foreign interest in Equity Bank as they accounted for 91% of purchases with a total of 1.92m shares traded. Foreigners dominated the selling in EABL (79%) as a total of 180k shares traded in the market. NIC Bank was relatively active with locals dominating both sides of the name as 810k shares traded. Foreigners were net buyers and accounted for $1.66m of total purchases while they accounted for $1.41m of total sales. The market closed the day higher with the NSE 20 Index gaining 0.06% to close at 3,959.10.

Mauritius: Semdex +0.56%, USD 1.1m

The Semdex made a sizeable gain today after some big moves by names outside the SEM-7, most notably by Bramer Banking Corp +9.8%. Go Life international PCC made a double digit gain on the day +14.3%. From the Sem-7 the only name to change price was ENL Land which gained +0.77%. MCB was the most active counter, accounting for nearly half of all the vols, MCB closed flat at 164.00. Please note that the market will be closed tomorrow for a public holiday.

Nigeria: ASI +0.74%, USD 34m

The market opened stronger today and managed to maintain the upward momentum into the close, eventually closing +0.74% better off. The total value traded was an impressive $34m with crosses going through in Zenith towards the end of the session, and closed with over $14m worth having traded in the name. The top-tier names were higher bar UBA which closed -1.52% lower than it began the session. The mid-tier banks were mixed with Diamond Bank taking a -4.34% smack while FCMB leapt +4.28%. The cements did well today, helped by DangCem which advanced +1.08%. The conglomerates traded sideways as a generalization but UACN managed to lift +2.44%. 39 stocks advanced, 11 declined and 45 remained unchanged. The top traders were Zenith, FCMB, FBN and GTB.

South Africa: Top 40 +0.08%, USD 2.15bn

The JSE ended the day higher with the Top 40 Index gaining 0.08% to close at 32,193 while value traded amounted to USD 2.15bn. Resources were the day's biggest gainers with the Index gaining 0.26% followed by Financials and Industrials which gained 0.20% and 0.05% respectively. The Rand was trading at 8.23 and 10.76 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE unch, USD 24k

The low levels of activity in Zambia continue with value traded amounting to USD 24k. The names that traded included BATZ, CCHZ, CECZ, SCBL, LAFA, ZNCO and ZSUG. LAFA was the biggest contributor towards turnover with value traded in the name amounting to USD 11k. BATZ was the second biggest contributor towards turnover with value traded in the name amounting to USD 5k.

Zimbabwe: Industrial Index -0.35%, Mining Index +1.72%, USD 1.36m

The Industrial index snapped a three week rally to ease 0.35%. August annual inflation slowed down to 3.6%. Over the three week period gains in heavy caps saw the index rise a cumulative 8.37% to narrow the YTD to 3%. Innscor eased 5.51% to 66c on sizeable block of 833 545 units valued at $550,140 while Old mutual slipped 0.06% to 170c and Seedco gave up 0.09% to 85c. Among the top gains, BAT rose 3.90% or 15c to hit an all-time high of 400c and AICO put on 4.55% to 11.5c. Volumes traded improved 24% to 12.7m shares supported by Truworths, Mash and Willdale. Turnover however dropped to from a month-high of $6.1m recorded yesterday to $1.36m. Foreign interest in blue chips remains buoyant accounting for 71% of today’s market activity. The mining index rose 1.72% to 78.56points helped by an 8% recovery in Bindura at 2.7c. Rio was steady at 51c while Falgold and Hwange recorded no trades.