Movers & Shakers: September 27, 2012

African Currencies

Botswana: DCI +0.21%, USD 50k

The usual subdued session in Bots today, 12 names trading in the session. The activity was concentrated in BIHL, Letlole and FNBB – in that order. The px movers were Sechaba +1t to 1551, Sefalana +5t to 305t while the lone loser was FSG -5t to 135t.

Egypt: EGX 30 -1.38%, USD 125m

The market witnessed notable profit taking lead by Institutional investors, leaving the EGX 30 to end the day down 1.38% to close at 5887.04 points. Market volumes continue trade to within recent average volumes, the market traded a total turnover of USD 125m, its worth mentioning that international participation(less than 11% of the total turnover) today was weak in the market compared with recent sessions. The market witnessed notable selling pressure coming from Local, international and GCC institutions, yet NSGB managed to trade against the market sentiment, the former ended the day up 5.30% to close at EGP43.13, The rally that took place today was attributed to a unaccredited sources who have been quoted by the media this morning, saying the deal was near completion. The real-estate sector witnessed notable profit taking today, names such as PHDC, TMGH and OCDI ended the day down 5 .03%, 2.81% and 3.26% respectively, it’s worth mentioning that the real-sector was first to rally in the recent price run.

Investor mix:
•  Foreigners were net Sellers by 28.78 mn EGP and were 10.32% of the market.
•  Egyptians were net Buyers by 18.56 mn EGP and were 80.36% of the market.
•  Arabs were net Buyers by 10.21 mn EGP and were 9.32% of the market.
•  Institutions were net Sellers by 74.00 mn EGP and were 21.97% of the market.
•  Retail were net Buyers by 74.00 mn EGP and were 78.02% of the market

Kenya: NSE 20 +0.75%, USD 5.58m

Actvity was rather robust today with value traded amounting to $5.58m. Foreigners dominated purchases (82%) in BATK as a total of 310k shares traded in the name. There were a few large crosses in Equity Bank as foreigners dominated both sides of trade in the counter (99% of purchases and 96% of sales) as a total of 3.64m shares traded. There was a large cross in Athi River Mining as a total of 260k shares traded with foreigners accounting for 99% of purchases. Foreigners were net buyers and accounted for $4.08m of total purchase while they accounted for $1.58m of total sales. The market closed the day higher with the NSE 20 Index gaining 0.75% to close at 3,980.53.

Mauritius: Semdex +0.61%, USD 1.1m

A relatively quiet day in Mauritius with value traded just sticking its nose past the $1m line. The usual suspect, MCB, dominated the value traded, accounting for 2/3 of the total value traded closing the day unch at 163.00. The other bank from the Sem-7, SBM was also the next most active – collecting +0.6% to close at 83.50. Other price movers from the Sem-7 were ENL Land and Rogers with the former adding +0.25% to close at 39.5 and the latter closing -0.65% in the red at a px of 308.00.

Nigeria: ASI -0.24%, USD 19.23m

The trading session was a quiet one in terms of two-way but the total value traded was quite impressive at $19m, thanks to a large crosses in Zenith Bank – the name accounted for nearly half of the value traded. The top-tier banks traded mixed, ETI, FBN and GTB all closed higher with FBN the biggest winner +2.46% while UBA and Access were the losers, most notably Access, -4.03%. The mid-tier banks had a good session with Diamond the only name to lose ground, -1.14%. Outside of the banks there were large swings in share prices, mostly for the worse, largely due to the dearth of liquidity. Unilever was the standout in terms of big winners, +5.00% while the big losers included Flourmills, PZ and UACN -4.73%, -1.56% and -1.46% respectively. Oil company Oando also took a big smack closing at -4.98% worse off. 22 stocks advanced, 26 declined and 38 remained unchanged. The most active names were the usual suspects Zenith, FBN and NB.

South Africa: Top 40 +0.74%, USD 1.68bn

The JSE ended the day higher with the Top 40 Index gaining 0.74% to close at 31,393.10 while value traded amounted to USD 1.68bn. Resources were the day's biggest gainers with the Index gaining 1.53% followed by Industrials and Financials which gained 0.23% and 0.08% respectively. The Rand was trading at 8.27 and 10.59 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -0.02%, USD 3.25m

Very active in Lusaka today thanks to another cross in PUMA as the company continues to sell shares to local institutions with total value traded amounting to USD 3.25m. The names that traded included CECZ, LAFA, NATBREW, PMDZ, PUMA, SCZ, ZAIN, ZNCO and ZSUG. PUMA was the biggest contributor towards turnover with value traded in the name amounting to USD 3.13m. ZAIN was the second biggest contributor towards turnover with value traded in the name amounting to USD 98k.

Zimbabwe: Industrial Index +1.37%, Mining Index +0.40%, USD 1.28m

The industrial index rose a further 1.37% to 144.97points in Thursday trades spurred by gains in big names Delta, Innscor, Econet, Seedco, AICO and Hippo. Reflecting impressive third quarter performance the industrial index has narrowed its YTD loss to 0.61% and still showing signs of further recovery. Delta breached the 75c mark adding 1.33% to 76c, Inncsor recovered 0.77% to 66.51c, Seedco and Hippo advanced 2.43% and 4.55% to 88.1c and 115c respectively. BAT was 3.57% or 15c higher at 435c, Econet added 0.34% to 436.5c on paltry volumes, AICO added 4.88% to 13.11c. Trading activity improved as volume rose 60% to 7.98m shares. Value traded increased fivefold to $1.28m from $0.2m supported by back to back foreign participation in Delta. Top value traded stocks were Delta, Rio and OK. The mining index dropped 0.40% to 97.98points weighed down by profit tak ing in Rio which eased 1.49% to 66c. Bindura traded unchanged at 3.2c while Hwange and Falgold recorded no trades.