The Gaborone bourse inched down by 1.75pts to end the day at 6973.56pts. Turnover stood at USD176k. Sefalana was actively traded in with 204,500 shares trading in the name at 280t, accounting for 44.5% of the day's turnover. Letshego ended the day flat at 140t on 211,805 shares. Engen was unchanged at 550t on 48,825 shares.
The market witnessed notable selling pressure, bringing the EGX30 down 2.22% to close at 4584.39 points. Volumes remain within recent market volumes averages , market traded total turnover of EGP609m. After yesterday's deadly soccer game the market lost its latest strong positive momentum, the market witnessed increased selling from Non-Arab Foreigners to be the sole net sellers today. Names such as OTMT, ORTE and EMOB traded against the general market sentiment, each ending the up 1.79%, 0.53% and 2.50% respectively.
• Foreigners were net Seller by 26.84 mn EGP and were 15.03% of the market.
• Egyptians were net Buyers by 21.95 mn EGP and were 76.02% of the market.
• Arabs were net Buyers by 4.88 mn EGP and were 8.95% of the market.
• Institutions were net Buyers by 6.62 mn EGP and were 30.81% of the market.
• Retail were net Sellers by 6.62 mn EGP and were 69.18% of the market.
***Please note: Sunday, February 5th is a public holiday. Markets will therefore be closed, and we will resume work on Monday February 6th.
EABL driven by increased foreign activity was actively accounted for 45.9% of the day's turnover. Kengen fell 2.5% on uncertainty over potential costs over an oil spill in one of its power stations. Demand on majority of the small-caps remained low, despite attractive valuations (small-caps have dominated the list of top gainers & losers since the beginning of the year). KCB Bank witnessed increased interests from foreign investors on the buy-side, accounting for approximately 89.1% of trades on the counter. The liquidity on the counter was provided by both local and foreign investors. A total of 658,300 shares were traded at an average price of KES 19.30 (+1.6%). Centum Investments eased 0.7% to KES 13.8 while Uchumi Supermarkets inched 1.3% lower, after declining 4% in the previous session.
Both the Semdex and the Sem-7 ended the day in positive territory up 0.17% and 0.30% respectively. 114,261 shares traded in MCB, up 0.601% at Rs166. SBM on the other hand remained level at Rs78. Hotel stocks ended the day in positive territory. Lux and Sun Resorts witnessed several crosses during the session. Lux ended 0.90% higher at Rs22.70 while Sun closed 0.50% higher at Rs41.50. Rogers was unchanged at Rs325. On the Dem, the index closed 0.1% lower at 149.37pts.
The Nigerian ASI closed up 19bps and traded a total value of $23.99m. Top traded stocks were UBA, Access Bank, First Bank, FCMB, AIICO Insurance, Zenith Bank, Nigerian Breweries, PZ Cussons, Unity Bank and Transcorp Plc. Top losers of the day were Academy Press Plc (-5.00%), AG Leventis (-5.00%), Cement Company of Northern Nigeria (-5.00%), RT Briscoe (-5.00%) and Vitafoam Plc (-4.89%). The gainers were led by Guaranty Trust Assurance (5.00%), FCMB (5.00%), Julius Berger (4.97%), Goldlink Insurance (4.92%) and Prestige Assurance (4.76%). The banking sector index closed up 96bps. UBA closed down 0.50% at N1.99 and traded a total volume of 47m units while Access Bank closed up 3.24% at N5.42 and traded a total volume of 38.77m units. FCMB closed up 5.00% at N1.26 trading a total volume 21.85m units. The sector also had crosses of 19.94m units of FCMB, 6m units of Zenith Bank, 30m units of Access Bank, 28.5m units of UBA and 10.17m units of Unity Bank. In the building materials sector, Cement Company of Northern Nigeria closed down 5.00% at N4.75 and traded a total volume of 2.16m units while Dangote Cement Closed flat at 115.96 and traded a total volume of 15k units. Lafarge Wapco Plc closed down 0.07% at N45.17 trading a total volume of 3.58m units. The sector also had a cross of 3.3m units of Lafarge Wapco. In the food and beverages sector, Nigerian Breweries closed down 0.71% at N94.33 and traded 11.85m units while Dangote Sugar closed flat at N5.00 and traded 1.27m units. Cadbury closed down 3.80% at N9.62 trading 289k units. The sector had a cross of 8.5m units of Nigerian Breweries. There were also crosses of 5m units of Transcorp Plc, 3.9m units of NEM Insurance, 10.7m units of PZ Plc and 12.64m units of AIICO Insurance. Market participation may have been split 80% - 20% between foreign and local investors respectively.
The JSE recorded another record close today, boosed by positive US Data. The All Share Index closed 0.69% higher to 34,371.50 while the Top 40 Index ended 0.68% higher at 30728.25pts, recording a new time all high since May 2008. Value traded amounted to USD 2.5bn. The rand was down 0.02% to the dollar at 7.6668.
The index ended the day 0.27% lower at 3864.35pts with turnover of ZMK1,703,279,050 equivalent to approximately US$340,655.81. The highest turnover was recorded by SHOP which traded 23,700 shares at average of ZMK60,000. Turnover came to ZMK1,422,000,000 equivalent to approximately US$284,400.This transaction was not traded on the normal board, but was instead a cross. The second was recorded by ZMBF which traded 91,000 shares, at an average price of ZMK2950. Turnover was ZMK268,450,000. This is equivalent to approximately US$57,280. Thirdly was ZNCO which traded 6,009 shares, at an average price of ZMK1205. Turnover came to ZMK6,561,340. This is equivalent to approximately US$1,312.
The industrial index edged higher boosted by gains in heavy weights Hippo, Delta, PPC, DZL and AICO. Gains were seen in eleven counters against 4 losers as Hippo added +7.85% to 110c, DZL put on +1.19% to 17.2c as AICO recovered +1.18% to 16c. Foreign buying in Delta saw it close 1.47% firmer at 69c after 255 516 units exchanged hands. PPC added +1.90% to 209c. TSL led the gainers putting on +16.67% to 7c. Pioneer was the worst performing stock plunging -42.86% to 4c after an extended period of no trades having last traded 11 January 2012. For the second consecutive day foreign investors dominated trading accounting for 45.7% of the purchases and 58% of the sales with most of the trades concentrated in Delta and Econet. Econet was stable at 370c and was the most actively traded stocks after 152 551 units exchanged hands in trades worth $564,438 (48%). Value traded was however 17% lower at $1.188m from $1.432m recorded yesterday. The resources index dropped -0.25% to 77.01pts weighed down by a -3.57% loss in Hwange to 27c. Rio however gained an impressive +16.67% to 35c.