Movers & Shakers: June 06, 2012

Botswana: DCI +0.37%, USD 4.5m

The BSE came back to life with turnover increasing to USD 4.5m compared thin vols that were seen in the past few days. Chobe picked up 1t to end the day at 241t. BIHL was up 10t to 716t, Letshego traded flat at 150t, Barclays was up 5t at 716t. FNBB was unchanged at 290t.

Egypt: EGX 30 -0.40%, USD 24m

The market managed to end the day in negative territory, leaving the EGX30 to end the day down 0.40%, to close at 4484.71 points. Volumes were extremely weak, market traded a total turnover of USD 24M. Volatility continued throughout the day today in Egyptian blue-chips as institutional investors (Local and GCC) continue to be net sellers in the market. Local retail changed their sentiment today to be net-buyer this came after yesterdays protest passing peacefully without any clashes which created a sense of optimism for retail investors, yet international investors continue to be skeptical and cautious as we come closer to run-off elections.

Investor mix:
•  Foreigners were net Buyers by 4.77 mn EGP and were 26.28% of the market.
•  Egyptians were net Sellers by 0.418 mn EGP and were 64.40% of the market.
•  Arabs were net Seller by 4.35 mn EGP and were 9.32% of the market.
•  Institutions were net Sellers by 12.82mn EGP and were 37.77% of the market.
•  Retail were net Buyers by 12.82mn EGP and were 62.22% of the market.

Kenya: NSE 20 -0.03%, USD 4.20m

Decent enough day in Nairobi as total value traded amounted to $4.20m with trading once again being dominated by EABL as 770k shares traded in the counter thanks to a cross of 700k at 220 with the buyer being foreign while the seller was local. BATK was relatively active thanks to a cross where the seller was foreign with a total of 130k shares changing hands. Good amount of activity in NIC Bank with locals dominating both sides of the name, a total of 1.18m shares traded. Foreigners were net buyers and accounted for $2.66m of total purchases while they accounted for $780k of total sales. The market closed slightly lower with the NSE 20 Index falling 0.03% to close at 3,634.82.

Mauritius: Semdex -0.20%, USD 1.4m

The Semdex and the Sem-7 ended the day in opposite directions with the former down 0.20% and the latter up +0.05%. MCB rose by 0.6% to Rs168 over 122,529 shares. IBL was up 0.65% at Rs78 on 390 shares. SBM lost 0.60% at Rs82.50. NMH traded 0.69% lower at Rs71.50. Air Mauritius gained 4.55% to Rs11.50 over 2000 shares traded.

Nigeria -1.15%, USD 8m

The market activity did not pick up as a result of the UK based guys returning to the market unfortunately, total market value traded only amounted to a paltry $8m. The top tier banks actually looked quite strong for most of the session with all of them in the green until late in the session when ETI and UBA fell back, closing -0.38% and +4.48% lower respectively. The cement sector took a big hit driven by a -5% loss to DangC. There is very little to report about the Conglomerates and the food&bev sector as the activity was minimal and there was very little to note regarding price movements.

South Africa Top 40 +1.7%, USD 1.9bn

The South African market followed the rest of the world higher today. All the sectors closed in the black led by the resources which closed +2.86% better off. Positive news out of Europe was the catalyst for the charge that was evident today. German Chancellor Angela Merkel decided to give Spain more time to implement austerity measures. Anglo America which makes up 7% of the index closed half a percent higher while BHP – the world’s biggest resources company closed a full percent higher.

Zambia: LuSE +0.64%, USD 18k

Very quiet in Lusaka today with value traded amounting to USD 18k. The names that traded included CECZ, SCBL, ZMBF and ZNCO. SCBL was the biggest contributor towards turnover with value traded in the name amounting to USD 9k. ZNCO was the second biggest contributor towards turnover with value traded in the name amounting to USD 4k.

Zimbabwe: Industrial Index +0.44%, Mining Unch, USD 2.2m

The Industrial index ended the day 0.44% higher while Minings ended the day flat. Turnover stood at USD 2.2m which was dominated by ZHL which saw 74,291,370 shares trade at 1c. Meikles traded 0.31c higher at 13.01c. Delta was unchanged at 68c. CBZH picked up 1.70c to end at 13.20c. Econet lost 5c at 410c. Rio traded flat at 45c on 6,666 shares.