Movers & Shakers: June 28, 2012

African Currencies as at GMT 15:30

Botswana: DCI +0.02%, USD 182k

The DCI picked up 0.02% to end the day at 7,239.04pts on turnover of USD 182k. Turnstar traded 5t higher at 165t. Letshego increased by 144t. Engen was up 1t at 553t. Letlole and Primetime picked up 1t a piece to end the day at 131t and 195t respectively.

Egypt: EGX 30 +1.73%, USD 130m

The Market managed to continue to trade with a positive sentiment, leaving the EGX30 to end the day up 1.73% to close at 4,708.59 points. Volumes were deceiving today, as the market traded a total turnover of USD 130m, in which more than 35% of the total turnover were attributed to cross in HRHO( transfer of ownership between two GCC funds). The market lost some of its bullish momentum, with delayed political decisions ahead international investors continue to remain on the sidelines and remain as net sellers in the market, yet local retail continue be the sole net-buyers in the market this came on the back of optimism towards the political road ahead of Egypt.

Investor mix:
•  Foreigners were net Sellers by 373.51 mn EGP and were 31.84% of the market.
•  Egyptians were net Buyers by 50.72 mn EGP and were 43.64% of the market.
•  Arabs were net Buyers by 373.51 mn EGP and were 24.52% of the market.
•  Institutions were net Sellers by 45.12 mn EGP and were 58.21% of the market.
•  Retail were net Buyers by 45.12 mn EGP and were 41.78% of the market.

**Please note the Exchange will be closed JULY 1ST for a BANK HOLIDAY.

Kenya: NSE 20 -0.78%, USD 2.94m

A bit of a come down after yesterday’s rather impressive turnover with value traded amounting to $2.94m. SCAN was surprisingly the biggest contributor towards value traded thanks to a few large crosses in the name as a total of 1.23m shares changed hands. Kenya Commercial Bank was much quieter today with 2.78m shares traded as foreigners accounted for 86% of purchases in the counter. Locals dominated both purchases and sales in EABL as a total of 130k shares traded. Foreigners were net buyers and accounted for $1.02m of total purchases while they accounted for $430k of total sales. The market closed the day lower with the NSE 20 Index falling 0.78% to close at 3,709.84.

Mauritius: Semdex +0.05%, USD 1.7m

Both the Semdex and the Sem-7 ended the day marginally firmer. The main highlight of the day was the cross of 203k MCB that were exchanged at Rs169. A total of 256,597 shares were traded in the name today at Rs169. SBM lost 0.60% at Rs82. On the hotel front, NMH edged up 0.8% at Rs65.50. The name saw a cross of 20,200 shares at Rs65. On the DEM side, the index lost 0.1% to 148.77pts.

Nigeria: ASI -0.15%, USD 6.5m

The market was as slow as it has been in memory today with only $6.5m worth traded. The market opened lower and then drifted sideways for the rest of the sessions. None of the big banks appeared in the top four names in terms of value traded, further illustration of the dire state of the activity levels in Nigeria today. The banks were the main drag in the market, Fidelity was the hardest hit, losing -4.24%. Ashakace Cement and Dang Flour were two noticeable winners +4.81% and +2.36% respectively.

South Africa: Top 40 -1.61%, USD 1.40bn

The JSE ended the day lower with the Top 40 Index falling 1.61% to close at 29,204 while value traded amounted to USD 1.40bn. Industrials were the day's biggest losers with the Index falling 1.73% followed by Financial's and Resources which fell 1.58% and 1.20% respectively. The Rand was trading at 8.43 and 10.48 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE +0.36%, USD 148k

Better day in Lusaka today with value traded amounting to USD 148k thanks to a decent cross in Zambeef. The names that traded included AELZ, BATZ, CECZ, FQM, LAFA, PUMA, SCBL, ZMBF and ZNCO. ZMBF was the biggest contributor towards turnover with value traded in the name amounting to USD 121k. BATZ was the second biggest contributor towards turnover with value traded in the name amounting to USD 16k.

Zimbabwe: Industrial Index +0.64%, Mining +0.66%, USD 2.9m

The industrial index advanced 0.64% or 0.83pts to close at 131.20pts. Notable among gains, Econet gained 1.21% or 5.10c in a rare bout of demand, NTS rose 12.50% to 2.7c while CBZ creped 4.60% to 9.10c. NMBZ recovered 3.31% to 1.25c. However, Interfresh lost 26% to 0.11c ahead of its AGM this afternoon where they reported a 28% growth in turnover for five month to May. The group however suffered 5% drop in gross margins from 31% to down to 26% from due to different sales mix. Fidelity slipped a marginal 0.025 to 12c. The mining index was 0.66% firmer to close at 76.80pts. Bindura added 0.40 cents to 3.50c while Falgold, Hwange and Rio were unchanged at previous trading levels .Trading activity by volumes remained largely static as 6.4m shares exchanged hands against 6.3m shares that traded while a shift in volumes towards heavy cap stocks saw turnover improve 80% to $2.9m.