The DCI ended the day flat on vols of USD 126k. BIHL dominated the vols with 81,993 shares trading in the name at 980t, accounting for 88% of the days turnover. NAP was the only counter to record movement today, ending the day 1t in the red at 219t. Letshego traded flat at 140t on 1,634 shares. Choppies was unchanged at 179t.
The market witnessed notable selling pressure , bringing the EGX 30 down 2.37 % to close at 5030.75 points . Volumes weaker than recent market volumes averages , market traded total turnover of USD 91m. The market the traded the day with a profit taking sentiment, As profit taking is quite evident amongst international institutions investors at current levels following the recent rally witnessed in most stocks. Names such as ORTE, PHDC and EMOB lead the market in terms of volumes, each ending the day down 5.44%, 0.51% and 1.88%. AUTI managed to end the day against the general marker sentiment, the name ended the day up 4.06%, to close at EGP24.57, this came after the company announced that they singed a agreement with Geely for distribution and CKD assembly.
• Foreigners were net Sellers by 40.68 mn EGP and were 15.43% of the market.
• Egyptians were net Buyers by 39.96 mn EGP and were 79.95% of the market.
• Arabs were net Buyers by 0.725 mn EGP and were 4.61% of the market.
• Institutions were net Sellers by 49.5 mn EGP and were 27.37% of the market.
• Retail were net Buyers by 49.5 mn EGP and were 72.62% of the market.
Trading on the NSE was relatively slow amidst absence of local institutional investors and limited foreign investor participation (28.1%). EABL edged up 2.8% to KES 183.40 on limited supply. Foreign investors were net sellers of BBK and Co-op Bank. Equity Bank received the largest inflow, followed by KCB. BAT ended the session 0.4% higher. Safaricom pulled back to KES 3.20, down 1.5%, on reduced buying interest from institutional investors.
Both indices ended the day on a negative note with the Semdex and the Sem-7 down 0.38% and 0.62% respectively. Turnover was skewed towards MCB which saw 61,994 shares trade in the name at Rs165, down 1.20%. SBM closed 0.62% higher at Rs 81.50 on 29k shares. NMH traded at a vwap of Rs73.62. Gamma Civic traded level at Rs361.
The Nigerian ASI gained 0.23% while value traded amounted to USD 12.01m. Top traded stocks were UBA, Diamond Bank, Fidson Healthcare, Custodian and Allied Insurance, Continental Reinsurance, First Bank, Sterling Bank, IBTC, Unilever and Access Bank. Top losers of the day were Conoil Plc (-5.00%), Flour Mill (-5.00%), Goldlink Insurance (-5.00%), Aluminium Extrusion Industries (-4.93%) and Honeywell Flour Mills (-4.90%). The gainers were led by National Salt Company of Nigeria (4.93%), Eterna Oil (4.83%), Ikeja Hotel (4.76%), BAGCO (4.67%) and Fidson Healthcare (4.62%). The banking sector index closed up 163bps. UBA closed up 4.55% at N2.07 and traded 92.47m units while First Bank also closed up 4.03% at N11.37 and traded 11.44m units. GTB closed down 0.14% at N14.02 while trading 5.40m units. The sector also had crosses of 36m units of UBA, 4m units of Stanbic IBTC, 17m units of Diamond Bank and 2m units of Sterling Bank. In the building materials sector, Cement Company of Northern Nigeria closed down 1.08% at N4.60 and traded 259k units while Dangote Cement closed flat at N110.00 and traded 21k units in total. Lafarge Wapco also closed flat at N44.00 and traded 1.59m units. In the food and beverages sector, Nigerian Breweries closed down 0.91% at N98.1 and traded 2.24m units in total while Dangote Flour closed up 0.71% at N4.27 and traded 837k units. Honeywell Flour Mills closed down 4.90% at N2.33 and traded 531k units in total. There were also crosses of 7.5m units of Unilever Plc, 3.5m units of Niger Insurance, 4m units of Transcorp Plc, 3.8m units of Nigerian Aviation Handling Company, 12m units of Custodian and Allied Insurance, 10.8m units of Fidson Healthcare, 13m units of Continental Reinsurance and 6m units of PZ Cussons.
The JSE ended the day slightly higher with the Top 40 index gaining 0.15% to close at 30,438 while value traded amounted to USD 1.30bn. Resources were the day's biggest gainers with the Index gaining 0.49% while Financials and Industrials fell 0.15% and 0.10% respectively. The Rand was trading at 7.71 and 10.20 to the USD and EUR respectively by the time local markets closed.
The market recorded a turnover of USD 554,539. The names that traded included AELZ, CECZ, LAFA, PUMA, SCBL, ZMBF and ZSUG. The biggest contributor towards turnover was ZMBF, 1,040,000 shares traded at an average price of ZMK 2,600, turnover amounted to USD 499,200. The second biggest contributor towards turnover was AELZ, 25,789 shares traded at an average price of ZMK 4,000, turnover amounted to USD 20,631.
Industrials were in a marginal rebound posting a +0.33% or +0.48pts gain to 147.60pts on renewed interest in dually listed stocks and small to mid cap stocks. Strong demand in PPC saw the regional cement manufacturer firm +13.04% or 30c to 260c whilst Old Mutual put on +2.34% to 175c. Zimplow trading ahead of the release of the final results to December 2011 slated for Friday rose +19.9% to 8.99c whilst reports that a talk radio station by Zimpapers will be on air by end of next month sent the newspaper group up +21.43% to 0.85c. The top performer for the day however was Interfresh that gained +422.86% to 0.30c Whilst Nicoz Diamond and Pelhams up 25% and 23.08% at 2.5c and 0.8c were following respectively. Market turnover improved +54.7% to $952,470 on the back of better foreign participation with foreign buyers accounting for 48% of the total turnover for the day whilst 71% was attributed to foreign selling. Econet remained the market’s favorite stock by value traded after witnessing a total of 118,871 units exchanging hands at a marginally lower of 386c down 0.02%. Other notable trades were recorded in BAT were 100,000 units traded at 180c and SeedCo that saw 76,979 shares trading at an improved price of 112c. Coal miners Hwange dragged the mining index back into year to date losses as the mining giant failed to sustain its prior trading level. Hwange came off -8.57% to 32c pushing the mining index down -5.02% to 98.02pts and closing in a YTD loss of -2.66%. Bindura traded 10% firmer at 2.2c whilst Falgold and RioZim recorded no trades. Demand remain firm in RioZim that was bid higher at 56c and offered at 57c.