Movers & Shakers: June 26, 2012

African Currencies as at GMT 17:00

Botswana: DCI -0.18%, USD 137k

Quieter session compared to yesterday with only USD 137k worth exchanging hands. Letshego continued to dominate the vols with 421,930 shares trading in the name at 140t, accounting for 56% of the day's turnover. Choppies contributed to 39% of the turnover with 247,133 shares trading at 167t. G4S was the only counter to record movement, ended the day 1t higher at 593t.

Egypt: EGX 30 +2.89%, USD 85m

The market managed to continue its rebound today, leaving the EGX30 to end the day up 2.89% to close at 4,612.14 points. Volumes continue to be strong, market traded a total turnover of USD 85m. As more transparency is being unfolded towards the political road ahead of Egypt , local institutions along with local retail investors continue to increase their exposure in the market, yet international investors continue to be net-sellers this is mainly attributed to the critical decisions that are to be made over the coming days, with respect to the cabinet formation and the constitutional committee. COMI rose the highest level in three months, the name ended the day up 4.09% to close at EGP25.43.

Investor mix:
•  Foreigners were net Sellers by 20.49 mn EGP and were 25.51% of the market.
•  Egyptians were net Buyers by 37.77 mn EGP and were 65.54% of the market.
•  Arabs were net Sellers by 17.28 mn EGP and were 8.95% of the market.
•  Institutions were net Buyers by 21.46 mn EGP and were 40.50% of the market.
•  Retail were net Seller by 21.46 mn EGP and were 59.49% of the market.

Kenya: NSE 20 +0.34%, USD 3.8m

Average day in Kenya today with value traded amounting to $3.8m. EABL once again the market leader in terms of value traded with 303k shares changing hands thanks to a few crosses with foreigners on both sides of the transactions. Foreigners accounted for most of the sales (89%) in Equity Bank with a total of 2.32m shares traded thanks to a few decent crosses. Safcom was rather active as a total of 14.21m shares changed hands as a result of a few crosses with foreigners dominating both the purchases (98%) and sales (87%) in the counter. Foreigners were net sellers and accounted for $2.1m of total sales while they accounted for $1.93m of total purchases. The market closed higher with the NSE 20 Index gaining 0.34% to close at 3,738.20.

Mauritius: Semdex -0.33%, USD 1.5m

The market reversed part of Monday's spoils with the Semdex and the Sem-7 closing 0.33% and 0.45% lower. Largest banking stock MCB ended the day 0.59% lower at Rs169 with 75,404 shares trading. SBM traded level at Rs82.50. NMH ended 2.26% lower at Rs65. Terra saw 146k shares exchange hands out of which 100k and 23.8k were crossed at Rs37.50 and Rs37.60 respectively. On the DEM, the index grew by 0.6% to 149.39pts. DRBC edged up 6% to close at Rs31.90.

Nigeria: ASI -0.05%, USD 11.03m

The market closed -0.05% lower today after opening stronger but slowly losing ground as the session went on. Activity levels picked up quite a bit, relatively speaking but remain really low at $11.03m. None of the sectors seemed to move in a specific direction with the individual constituents, within the different sectors, throwing out a mixed bag. If there is one sector that seemed to be on the back foot it was the conglomerates where Flourmills, PZ and UACN lost -3.39%, -0.56% and -2.63%. The banks closed +0.34% better with none of the bigger names making any significant moves. NB was the most active name today, accounting for 42% of the value traded.

South Africa: Top 40 +0.08%, USD 1.38bn

The JSE ended the day slightly higher with the Top 40 Index gaining 0.08% to close at 29,793 while value traded amounted to USD 1.38bn. Industrials were the day's biggest gainers with the Index gaining 0.51% followed by Resources which gained 0.47% while Financials fell 1.63%. The Rand was trading at 8.46 and 10.56 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE +0.15%, USD 88k

Slightly better day in Lusaka today with value traded amounting to USD 88k. The names that traded included AELZ, CECZ, LAFA, PUMA, SCBL, ZNCO and ZSUG. LAFA was the biggest contributor towards turnover with value traded amounting to USD 60k. AELZ was the second biggest contributor towards turnover with value traded amounting to USD 14k.

Zimbabwe: Industrial Index +0.18%, Mining -3.12%, USD 2.8m

The industrial index recovered by a marginal +0.18% to 130.55pts buoyed by gains in Econet which traded 0.96% higher at 420c, and ABCH that firmed +12.2% to 55c. Other gains were seen in Interfresh that led the market gains rising +50% to 0.15c: TSL put on +6.67% to 8c and Zimpapers added +5.9% to 0.9c. Retail giants OKZIM was the only faller amongst industrial stocks dropping 4.35% to 11c. The Mining index continued to trek southwards falling by -3.12% to 74.44pts as gains in Falgold that was +11.1% firm at 15c were not enough to contain the slide in Rio Zim that sank to a year to date low of 29c.