Movers & Shakers: June 07, 2012

Botswana: DCI Unch, USD 106k

Much quieter session with only USD 106k worth exchanging hands compared with USD 4.5m yesterday. Letshego saw 98,384 shares trade in the name at 150t. Primetime was unchanged at 190t on 99,314 shares. 41500 Barclays were traded at 716t.

Egypt: EGX 30 -0.11%, USD 20m

The market ended the day slightly lower, leaving the EGX30 to end the day down 0.11%, to close at 4,489.55 points. Market traded record low volumes, market traded a total turnover of USD 20m. With the ongoing protests calls over the weekend many investors chose to be bystanders in the market, as uncertainty increases along with increased political instability. Institutions ended the day as net sellers, yet local retail investors continue to increase their exposure benefiting for the previous sell-offs in previous sessions. EFIC managed to buck the trend, the stock ended the day up 2.77% to close at EGP9.65.

Investor mix:
•  Foreigners were net Sellers by 5.56 mn EGP and were 25.53% of the market.
•  Egyptians were net Buyers by 6.90 mn EGP and were 68.99% of the market.
•  Arabs were net Sellers by 1.34 mn EGP and were 5.48% of the market.
•  Institutions were net Sellers by 10.40mn EGP and were 36.86% of the market.
•  Retail were net Buyers by 10.40mn EGP and were 63.13% of the market.

Kenya: NSE 20 +0.45%, USD 2.40m

Frustrating day in Kenya today with value traded amounting to a rather lack luster $2.40m. EABL was once again the dominant force in the market with 180k shares traded in the counter thanks to one or two smaller crosses. Foreigners were on the sell side of EQBNK today with a total of 960k shares changing hands with no significant crosses to speak of. Kenya Commercial Bank was rather quiet with a total of 760k shares traded. Foreigners were net buyers and accounted for $1.18m of total purchases while they accounted for $740k of total sales. The market closed in positive territory with the NSE 20 Index gaining 0.45% to close at 3,651.27.

Mauritius: Semdex -0.06%, USD 934k

The market ended the day in the weaker. MCB lost 0.06% at Rs167 while SBM traded flat at Rs82.50. NMH was down 0.70% at Rs71. Terra gained 1.07% at Rs37.80. IBL traded 0.64% higher at Rs78.50. MDIT edged up 1.02% at Rs4.95. Bramer rose by 1.10% at Rs9.20. Crosses were recorded in MCFI with 87,200 shares trading at Rs29.50 and 33,800 NMH at Rs71.50 and 292,800 Cadan at Rs1.20.

Nigeria -1.25%, USD 11.53m

So the slow slippery slide continues, a mere $11.5m worth traded and almost a full percentage loss on the day to go with it. The banks did not fare as badly as the rest of the market with the likes of ETI, GTB and UBA all closing higher while FBN closed ever so slightly lower -0.18% and Zenith -2.1%. From the cement names Dangcem was a noticeable loser -4.35% and a huge drag on the market given its market cap (29%). From the conglomerates UACN took a hammering -4.99%. The market is still waiting for some relief from all the global concerns and risk-off sentiment that continues to prevail with no locally driven catalyst in sight either.

South Africa: Top +0.91%, USD 2.06bn

The JSE closed the day higher with the Top 40 Index gaining 0.91% to close at 29,947 while value traded amounted to USD 2.06bn. Financials were the day's biggest gainers with the Index gaining 1.38% followed by Industrials and Resources which gained 0.86% and 0.59% respectively. The Rand was trading at 8.32 and 10.43 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -0.45%, USD 53k

Another quiet day in Zambia with value traded amounting to USD 53k. The names that traded included CECZ, FQM, LAFA, PMDZ, PUMA, SCBL, ZABR, ZNCO and ZSUG. FQM was the biggest contributor towards turnover with value traded in the name amounting to USD 26k. ZSUG was the second biggest contributor towards turnover with value traded in the name amounting to USD 18k.

Zimbabwe: Industrial Index -0.29%, Mining Unch, USD 4.4m

The Industrial index ended the day in the red weighed down by Delta. The name lost 1c to 67c after a block of 4.7m shares which was meant to trade as a special bargain at 70c was challenged all the way down and was finally crossed at 67c. Activity remained buoyant as turnover rose to $4.4m with Delta and CBZ accounting for the lion’s share of the turnover. CBZ was unchanged at 13.2c saw another block of 5.1m shares exchange hands. Zimplow rose 3.57% to 7.25c after announcing an $11.2m rights issue to fund the acquisition of controlling stake in Tractive Power Holdings. Ariston continued on its fine run adding 9.76% to 1.8c. Econet rose by 0.49% to 412c while Old Mutual added 0.68% or 1c to 147c. The biggest loser was PG which eased 33.33% to 1c as African Sun lost 6.25% to 0.75c albeit on thin volumes. The mining index was steady at 82.48pts after Rio traded unchanged at 45c.