Movers & Shakers: February 09, 2012

Botswana: DCI Unch, Vols USD 58k

The market ended the day on a flat note. Turnover stood at USD 58k. Trading was recorded in four counters. BIHL, Choppies and FNBB were unchanged at 980t, 180t and 263t respectively. Letshego was the only counter to record movement, ending the day 1t lower at 138t.

Egypt: EGX 30 +0.94%, Vols USD 115m

The market managed to end the day in positive Territory, leaving the EGX30 to end the day up 0.94%, to close at 4753.65 points. Volumes continue to be strong compared to resent market volumes, market traded a total turnover of USD 115M. Market was extremely volatile today with the bulk of the volume being traded during the first and last 30mins of the session. Today, we witnessed increased heavy selling from gulf investors, flipping their recent buying trend. The selling became overly aggressive in the last half hour of the session. This volatility was mainly attributed to rising concerns regarding the calls of a country wide civil disobedience. Despite the fact that most political parties, religious entities, and presidential hopefuls have called for boycotting these calls, still investors are concerned that a small minority might taking matters a step too far, hence exacerbating the whole political tension in the country.

Investor mix:
•  Foreigners were net Sellers by 30.33 mn EGP and were 27.14% of the market.
•  Egyptians were net Buyers by 57.17 mn EGP and were 65.09% of the market.
•  Arabs were net Sellers by 26.84 mn EGP and were 7.77% of the market.
•  Institutions were net Buyers by 4.90 mn EGP and were 39.38% of the market.
•  Retail were net Sellers by 4.90 mn EGP and were 60.61% of the market.

Kenya: NSE 20 -0.30%, Vols USD 2.7m

Market turnover fell 13.4% to USD 2.7m despite rise in foreign investor participation from 49.1% in the previous session to 67.8%. Safaricom continued to account for a high proportion of the market, moving 52.2% of the market activity. A total of 36.7m shares were traded at an average price of KES 3.20 (down 1.5%). There was a block cross trade of approximately 35m shares in the last hour of trading with foreign investors dominating both sides of the trade. The market closed with pent up demand, with bids of up to 14.6m at KES 3.20 on the board. BAT accounted for 20.9% of the day's turnover. Its share price edged up 0.4% to Kes 260.

Mauritius: Semdex -0.02%, Vols USD 680k

Both the Semdex and the Sem-7 inched down 0.02% and 0.04% to 1,833.10pts and 343.02pts respectively. MCB remained level at Rs166. SBM traded unchanged at Rs78.50. Terra saw 66.1k shares trade in the name Rs38.50, out of which 58.8k were crossed. PBL was unchanged at Rs198. On the Dem side, the index edged down 0.2% to 147.97pts.

Nigeria: ASI -0.21%, Vols USD 9.55m

The Nigerian ASI fell 0.21% while value traded amounted to USD 9.55m. Top traded stocks were Goldlink Insurance, UBA, Mutual Benefit, First Bank, Intercontinental Wapic Insurance, Zenith Bank, FCMB, Access Bank, Resort and Savings Loans Limited and Vitafoam Plc. Top losers of the day were MRS Oil (-4.99%), Okomu Oil (-4.99%), Dangote Flour (-4.96%), Prestige Assurance (-4.76%) and Custodian and Allied Insurance (-4.73%). The gainers were led by NCR Plc (4.95%), Eterna Oil (4.95%), Unity Bank (4.00%), Intercontinental Wapic Insurance (3.85%) and Nigerian Aviation Handling Company (3.73%). The banking sector index closed down 24bps, First Bank closed up 0.80% at N10.13 and traded 32.96m units while Zenith Bank also closed up 0.66% at N12.25 and traded 19.11m units. Access bank closed down 0.85% at N10.22 and traded 10.22m units. The sector also had crosses of 11m units of FCMB, 14.9m units of Zenith, 3.8m units of Access Bank, 52m units of UBA and 24m units of First Bank. In the building materials sector, Cement Company of Northern Nigeria closed down 3.12% at N4.65 and traded 205k units while Lafarge Wapco closed flat at N45.50 and traded 287kunits. Dangote Cement also closed flat at N116 and traded 8k units in total. In the food and beverages sector, Nigerian Breweries closed up 0.01% at N94.1 and traded 558k units while Dangote Sugar closed down 4.38% at N4.58 with 1.04m units traded. Guinness closed up 0.05% at N220.12 and traded 251k units. There were also crosses of 19m units of Intercontinental Wapic Insurance, 5m units of Law Union and Rock Insurance, 1m units of Niger Insurance, 8m units of Vitafoam, 34m units of Mutual Benefit, 10m units of Resort and Savings Loans Plc, 2.7m units of AIICO Insurance Plc and 119.8m units of Goldlink Insurance.

South Africa: Top 40 +0.13%, Vols USD 1.44bn

The JSE ended the day higher with the Top 40 edging up 0.13% to close at 30,599.35pts while value traded amounted to USD 1.44bn. The All Share Index edged up 0.12% to 34,268.14pts. The Rand was down 0.35% at 7.58 to the greenback at the close of local markets.

Zambia: LuSE -0.98%, Vols USD 275k

The market recorded a turnover of USD 275,904. The counters that traded today included BATZ, CECZ, LAFA, PMDZ, SCBL, SHOP, ZMBF, ZNCO and ZSUG. The biggest contributor towards turnover was ZMBF, 499,495 shares traded at an average price of ZMK 2,600, turnover amounted to USD 259,737. The second biggest contributor towards turnover was LAFA, 8,425 shares traded at an average price of ZMK 7,508, turnover amounted to USD 12,650.

Zimbabwe: Industrials +0.05%, Mining Unch, Vols USD 1.4m

ZSE shares closed largely unchanged in Thursday trades with the industrial index gaining a marginal 0.05% to 141.99pts from 141.92pts while the mining index was unchanged at 83.19pts. Lafarge traded +7.15% firmer at 70c to follow whilst TA edged up +6.7% at 16c and Hunyani up +6.7% to 8c. Interfresh and Pelhams led the losing end of the spectrum with the former shedding 50% to 0.21c while the latter came off -25% to 0.6c. Property group Dawn traded -6.25% softer at 0.75c whilst continued fears of a financial sector crisis drove CBZ down -6.1% to 8.5c. Other losses came from Seed Co (-2.61%); and Delta (-0.73%). The resources index closed flat at 83.19pts with the only counter to trade RioZim witnessing a healthy volume of 540,702 units of the stock trading at a stable price of 40c.