Movers & Shakers: June 05, 2012

Botswana: DCI +0.25%, USD 5k

A rather slow day on the BSE with only USD5k worth exchanging hands. All counters to trade, traded at previous levels. BIHL @ 1010t. FNBB @ 290t, Furnmart @ 152t, Primetime @ 190t and Turnstar @ 160t.

Egypt: EGX 30 -2.31%, USD 34m

The market witnessed a sell-off today, leaving the EGX30 to end the day down 2.31%, to close at 4502.91 points. Market volumes has improved compared to recent market volumes, market traded a t total turnover of USD 34m. As protests continue in the streets in Egypt, and with the calls for a million man march in different cites demanding the retrial of Mubarak's trail and adding to this the calls of repeating the election without Ahmed Shafik(runner up in the 1st round of elections) and the formation of a presidential council, the market traded the day with a sense of panic lead by local retail investors, yet foreign institutions changed their trading sentiment to be net buyers. OTMT and ORTE witnessed strong selling volumes both names ended the day down 3.85% and 3.95% respectively.

Investor mix:
•  Foreigners were net Sellers by 1.03 mn EGP and were 28.24% of the market.
•  Egyptians were net Sellers by 1.90 mn EGP and were 64.77% of the market.
•  Arabs were net Buyers by 2.94 mn EGP and were 6.98% of the market.
•  Institutions were net Buyers by 0.306mn EGP and were 39.09% of the market.
•  Retail were net Sellres by 0.306mn EGP and were 60.90% of the market.

Kenya: NSE 20 -0.48%, USD 6.16m

Substantial pickup in activity today with value traded amounting to $6.16m. EABL completely dominated trading with 1.37m shares changing hands in the counter thanks to a few big crosses with foreigners contributing to almost all the volume on both the purchases and the sales. Kenya Commercial Bank saw quite a bit of foreign interest with a total of 3.94m shares traded thanks to a cross of 2.5m shares. Athi River Mining was surprisingly one of the most active stocks today with foreigners very prominent on the buy side of the name, a total of 300k shares traded in the name. Foreigners were net buyers, accounting for $5.51m of total purchases while they accounted for $4m of total sales. The market closed in negative territory with the NSE 20 Index falling 0.48% to close at 3,635.86. In other news, the Central Bank left rates unchanged at 18% today.

Mauritius: Semdex -0.17%, USD 717k

The market continued trading south with the Semdex and the Sem-7 down 0.17% and 0.27% respectively. MCB lost 0.60% to end the day at Rs167 on 40,346 shares. MCB was unchanged at Rs83. NMH traded flat at Rs72. Terra gave up 0.53% at Rs37.40. Lux Island lost 1.96% to Rs20. New entrant on the investment counter Rockcastle Global Real Estate Company traded at USD 1 on its maiden session.

Nigeria -0.97% (unofficial), USD 10.2m

The day started late due to technical issues and it didn’t ever really get going, opening slightly lower but continuing the slide throughout the session. This is not what the market needed, given that it was already on the back foot with the UK holiday. The banks took the biggest a beating again -1.16%, Zenith and Skye the only names to close in the black +1.13% and +1.14% respectively while UBA lost +4.36, ETI -3.3%, Access -4.58%, Fidelity -4.62%. First bank and Zenith dominated the vols that did go through. The four cement names were down -2.33% or more with DangC the exception, closing flat. As for the rest of the sectors, they followed the market lower. Going forward there is nothing to suggest that this trend will abate anytime soon as there are no catalysts on the horizon and the most significant market players (internationals) are distracted with the goings on in Europe, China etc.

South Africa: Top 40 +0.12%, USD 1.25bn

The JSE closed the day slightly higher with the Top 40 Index gaining 0.12% to close at 29,180 while value traded amounted to USD 1.25bn. Resources were the day's biggest gainers with the Index gaining 0.99% while Industrials and Financials fell 0.46% and 0.02% respectively. The Rand was trading at 8.45 and 10.52 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -0.09%, USD 574k

Decent day in Lusaka with value traded amounting to USD 574k thanks to a cross in CECZ. The names that traded included AELZ, CECZ, NATB, PUMA, SCBL, ZNCO and ZSUG. CECZ was the biggest contributor towards turnover with value traded in the name amounting to USD 500k. NATB was the second biggest contributor towards turnover with value traded in the name amounting to USD 59k.

Zimbabwe: Industrial Index +0.77%, Mining -1.90%, USD 7.5m

An impressive 27.78% rally in CBZ coupled with a 1.22% recovery in Econet saw the industrial index break its 5 day losing streak to advance 0.77% to 132.80c. The mining index however fell 1.90% to 82.48pts weighed down by losses in Rio which lost 6.25% to 45c. Heavy foreign appetite in CBZ over the past few days has seen the group advance a cumulative 43.75% from 31 May to close at 11.5c by close of today's trades. Econet recovered 5c to 415c on 36 052 shares. Delta and Innscor traded flat at 68c and 57c respectively. A block of 3 764 530 ABCH exchanged at 60c in a trade valued at $2,258,718 as another special bargain in Old mutual saw 196 980 units exchange hands at 160c.