Movers & Shakers: June 08, 2012

Botswana: DCI +0.02%, USD 230k

The market ended the week on a flat note. Turnover was dominated by BIHL which accounted for 98% of the value traded, with 159,262 shares trading 6t higher at 1026t. Choppies traded level at 168t. Letlole was unchanged at 130t.

Egypt: Closed today

Kenya: NSE 20 -0.32%, USD 3.46m

Average day in Nairobi with value traded amounting to $3.46m. No surprise to see EABL as the biggest contributor towards value traded thanks to a decent cross with both the buyer and seller being foreign, a total of 390k shares traded. Equity Bank was fairly active with a total of 2.14m shares changing hands thanks to a cross of 1.6m @ 20.50 with both the buyer and seller being foreign. Decent amount of activity in Safcom with 9.31m shares traded thanks to a few crosses with foreigners accounting for nearly all the purchases. Foreigners were net buyers and accounted for $2m of total purchases while they accounted for $1.6m of total sales. The market closed lower with the NSE 20 Index falling 0.32% to close at 3,639.46.

Mauritius: Semdex +0.07%, USD 1.3m

Turnover today was dominated by the banks. MCB saw 171,276 shares trade +0.60% higher @ Rs168. of which 135,700 shares and 27,500 shares were crossed. 40,838 SBM traded level at Rs82.50. Gamma lost 1.45% to end at Rs340. NMHL lost 1.41% at Rs70. ENL traded 0.77% higher at Rs39.30.

Nigeria: ASI -1.0%, USD 13.57m

Banks once again a major drag on the market with the Bank10 index falling 2.51% while the ASI fell 1.0%. Activity was rather muted with value traded amounting to a disappointing $13.57m. Zenith and Guaranty drove activity with 32.35m and 10.58m shares changing hands in the names respectively thanks to a few crosses. There was some activity in the brewers with a cross of 173k shares in NB and a cross of 456k shares in Guinness. There was a decent cross of 266k Dangcem with a total of 742k shares traded.

South Africa: Top 40 -0.81%, USD 1.21bn

The JSE ended the day lower with the Top 40 Index falling 0.81% to close at 29,705 while value traded amounted to USD 1.21bn. Resources were the day's biggest losers with the Index falling 1.65% followed by Financials and Industrials which fell 0.25% and 0.15% respectively. The Rand was trading at 8.43 and 10.51 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE +0.03%, USD 10k

Not much went on in Zambia today with value traded amounting to USD 10k. The names that traded included CECZ, SCBL, ZMBF, and ZNCO. ZNCO was the biggest contributor towards turnover with value traded in the name amounting to USD 5k. CECZ was the second biggest contributor towards turnover with value traded in the name amounting to USD 3k.

Zimbabwe: Industrial Index +0.26%, Mining Unch, USD 1.3m

The industrial index concluded the week on a positive note advancing 0.26% to 133.34pts in lighter trading session while the mining index was steady at 82.48pts as Bindura and Rio were unchanged at 3c and 45c respectively. Volumes traded dropped to 6.7m shares from 15.3m as turnover declined to $1.3m from yesterday’s $4.4m while foreign participation was skewed heavily on the selling side. NTS added 4.35% to 2.4c, Zimplow was up 3.45% or 0.25c to 7.5c while Econet recovered 1.94% or 8c to settle at 420c. Seedco rose by 2.41% to 85c. Edgars traded 2.67% in the green after a trade update were they noted that revenue for the four months had risen 30% as the group begins to reap benefits from the Jet Stores brand. CBZ gave in to profit taking closing 1.52% lower at 13c after enjoying a fine run. Barclays eased 6.06% to 3.1c. Pearl hit a 52-week low of 2.5c after selling pressure saw the group lose 10.71%. Other losers were CFI which dropped 8.33% to 5.5c and Dairibord which also succumbed to selling pressure losing 3.03% to 16c.