Movers & Shakers: September 26, 2012

African Currencies

Botswana: DCI +0.02%, USD 90k

BIHL accounted for 98% of the day’s activities. The names traded flat at 1030. There is nothing else to report in terms of activity. There were 3 price movers Sechaba and Stanchart added +10t and +5t to close at 1550t and 980t respectively while Barclays eased -5t to close the day at 700t.

Egypt: EGX 30 +0.22%, USD 128m

The market ended the day slightly higher losing some its bullish momentum gained yesterday , leaving the EGX30 to end the day up 0.22% to close at 5969.39 points. Market traded within average volumes compared to recent market turnover, the market traded a total turnover of USD 128m. The market managed to end the day in positive territories with local institutions and international institutions as the sole net buyers today, it worth mentioning that international institutions were net sellers at session start, yet by med –session they change their sentiment to end the day as net-buyers, local retail investors continue with their profit booking sentiment at these levels. Names such as OCDI, PHDC and HRHO witnessed notable selling pressure, each ending the day down 3.39%, 2.45% and 2.03% respectively. JUFO continues to grab more buying apatite mainly from local institutions, the name ended the day up 5.01% to close at EGP5.87 on strong volumes.

Investor mix:
•  Foreigners were net Buyers by 2.55 mn EGP and were 10.19% of the market.
•  Egyptians were net Buyers by 16.24 mn EGP and were 82.41% of the market.
•  Arabs were net Sellers by 18.80 mn EGP and were 7.4% of the market.
•  Institutions were net Buyers by 34.23 mn EGP and were 21.35% of the market.
•  Retail were net Sellers by 34.23 mn EGP and were 78.64% of the market

Kenya: NSE 20 -0.002%, USD 3.35m

After yesterday's rather impressive activity, things slowed down today with value traded amounting to $3.35m. There was decent foreign interest in Equity Bank as they accounted for 81% of purchases with a total of 2.73m shares traded in the name. Kenya Commercial Bank was also rather active as a total of 1.99m shares traded with foreigners accounting for 69% of purchases. Diamond Trust was active once again today as trade was dominated by locals with a total of 340k shares traded. Foreigners were net buyers and accounted for $1.47m of total purchases while they accounted for $1.39m of total sales. The market closed the day slightly lower with the NSE 20 Index falling 0.002% to close at 3,950.90.

Mauritius: Semdex -1.04%, USD 2.73m

The mkt activity in Mauritius was much improved today, almost $3m worth but it is worth noting that almost all of the activity was accounted by SBM and NMH. The two names experienced differing fortunes. NMH took a beating, losing -9.09% to close at 55.00 after yesterday’s cautionary announcement of no divi payment for FY 2012. SBM on the other hand made a +1.2% gain on the day to close at 83.00 after releasing FY 2012 results, +30% PAT, there will also be a divi of 3.5. None of the other Sem-7 names changed price nor did they see much activity.

Nigeria: ASI -0.66%, USD 16.36m

The mkt in Lagos opened lower and continued on this trend, closing the session at its lows for the day, -0.66%. The mkt was mixed in all sectors although there was a clear bias to the downside. The top-tier banks were the most active except for UBA. FBN and UBA closed higher while GTB, Zenith and Access all lost ground with GTB taking the biggest hit -2.11%. The mid-tier banks were better off except for Sterling which plummeted -3.614%. Mkt heavyweight DangCem gave back some of its gains from yesterday, losing -0.82% today. Conglomerate UACN fell victim to the change in restriction on max daily movement, losing -6.39% during the session. 23 stocks advanced, 31 declined and 54 remained unchanged. Zenith, FBN and Access were the most active names.

South Africa: Top 40 -0.50%, USD 1.63bn

The JSE ended the day lower with the Top 40 Index falling 1.93% to close at 31,163.60 while value traded amounted to USD 1.87bn. Resources were the day's biggest losers with the Index falling 2.92% followed by Industrials and Financials which fell 1.32% and 1.16% respectively. The Rand was trading at 8.23 and 10.58 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -0.58%, USD 65k

Not much went on in Zambia today with only three names that recorded trades, CECZ, ZMBF and ZNCO as total value traded amounted to USD 65k. ZMBF was the biggest contributor towards turnover with value traded in the name amounting to USD 51k. ZNCO was the second biggest contributor towards turnover with value traded in the name amounting to USD 14k.

Zimbabwe: Industrial Index +0.27%, Mining Index +1.79%, USD 200k

The industrial index continues on positive trajectory driven by thin volumes as the equities market remain dominantly a seller’s market. The industrial index closed 0.27% higher at 143.01points while the mining index gained 1.79% to 98.37points. Trading activity dropped drastically as volumes declined 42% to 5m shares while turnover declined 69% to $0.20m (it’s lowest in eight months). Foreign participation was minimal amounting to a negligible $9837. Supporting market recovery was Seedco which rose 1.19% to 86.01c, BAT rose a further 2.44% to an all-time high of 420c and remains strong, AICO put on 4.17% to 12.5c. Fifteen stocks traded in the positive against five losers. In the resources sector RIOZIM continued on its fine run gaining 3c to a 52-week high of 67c and BINDURA advanced 6.67% to 3.20c. Hwange pared 5% to 19c while FALGOLD was unchanged at 25c.