Movers & Shakers: February 01, 2012

Botswana: DCI -0.02%, Vols USD 164k

The DCI edged up 0.02% to 6976.52pts on vols of USD164k. Choppies continued to dominate volumes with 588,372 shares crossing the floor at 180t, accounting for 87% of the day's turnover. Cresta was the only counter to end the day in the green, closing 1t higher at 76t. Engen lost 1t to 550t while Turnstar ended 5t lower at 125t.

Egypt: EGX 30 +0.86%, Vols USD 76m

The market managed to end the day in positive territories, leaving the EGX30 to end the day up 0.86%, to close at 4688.29 points. Volumes continue to be strong compared to resent market volumes, market traded a total turnover of USD 76M. As most stocks managed to trade higher, volatility continues dominate the market today on average volumes, local retail and local institutional investors continued with their profit taking sentiment, while we continue to see continued buying interest from internationals targeting local blue-chips.

•  Foreigners were net Buyers by 8.37 mn EGP and were 17.25% of the market.
•  Egyptians were net Sellers by 8.71 mn EGP and were 76.61% of the market.
•  Arabs were net Selelrs by 0.34 mn EGP and were 6.14% of the market.
•  Institutions were net Buyers by 5.12 mn EGP and were 30.72% of the market.
•  Retail were net Sellers by 5.12 mn EGP and were 69.27% of the market.

***Please note: Sunday, February 5th is a public holiday. Markets will therefore be closed, and we will resume work on Monday February 6th.

Ghana: Vols USD 311k

Value traded on the Ghanaian Stock Exchange amounted to USD 311k. SCB was the biggest contributor towards value traded (53.1%) with the name closing at 46.09 Cedi. SIC was the second biggest contributor towards value traded (19.00%) with the counter closing at 0.38 Cedi.

Kenya: NSE 20 -0.20%, Vols USD 1.5m

Turnover was down 18% to Kes 123 Mn. Lower support pulled the NASI % lower to 68.68pts while the NSE-20 closed 0.20% lower at 3205.01 dragged by losses on Bamburi, KQ and BAT. Banks sustained their dominance, representing 68% of the day’s turnover. Equity was the top mover with a turnover of Ksh 60.7 Mn. The counter continued to ride on strong foreign support. Foreign buys accounted for 42% of its turnover. The stock lost 1.1% on profit taking. BBK moved 0.7 Mn shares on speculations ahead of results. Despite expectations of modest results, the high dividend yield may attract some demand to the counter. The stock held at Kes 12.35. KCB continued to attract support backed by strong prospects. The bank is expected to report about 30% growth in net profit for the FY 2011. However, it closed 0.3% lower on profit taking. The sector closed 0.52% higher.

Mauritius:

Market closed today.

Nigeria: ASI -0.08%, Vols USD 9.65m

The Nigerian ASI fell 0.08% while value traded amounted to USD 9.65m. Top traded stocks were UBA, Fidelity Bank, First Bank, Zenith Bank, Paints & Coatings Manufactures, International Breweries, CHAMS Plc, GTB, Honeywell Flourmills and Unity Bank. Top losers of the day were Transcorp Plc (-5.00%), Oando Plc (-4.95%), Vita Foam Plc (-4.92%), AG Leventis Plc (-4.76%) and DN Meyer (-4.67%). The gainers were led by Japaul Oil (4.94%), First Bank (4.92%), International Breweries (4.87%), Nigerian Aviation Handling Company (4.55%) and Access Bank (4.37%). The banking sector index closed up 99bps. Access Bank closed up 4.37% at N5.25 and traded 1.78m units while First Bank also closed up 4.92% at N10.44 and traded 20.28m units. GTB closed down 0.21% at N13.96 and traded 5.88m units in total. The sector also had 25m units of Fidelity Bank, 21.5m units of UBA, 5.8m units of First Bank and 9m units of Zenith Bank. In the building materials sector, Cement Company of Northern Nigeria closed down 4.58% at N5.00 and traded 978k units while Dangote Cement also closed down 2.55% at N115.96 and traded 325k units in total. Ashaka Cement closed down 1.83% at N10.70 and traded 361k units in total. In the food and beverages sector, Nigerian Breweries closed up 2.76% at N95.00 and traded 1.16m while Nestle closed flat at N430.00 and traded 166k units. Guinness closed down 2.17% at N13.96 while trading 1.5m units in total. The sector also had crosses of 7m units of International Breweries, 1.5m units of Honeywell Flour and 1m units of Guinness Plc. There were also crosses of 11m units of Paints & Coatings Manufacturer of Nigeria, 6.5m units of Chams Plc and 1.5m units of PZ Cussons.

South Africa: Top 40 +1.13%, Vols USD 1.83n

The JSE ended the day higher with the Top 40 Index gaining 1.13% to close at 30,518 while value traded amounted to USD 1.83bn. Industrials were the day's biggest gainers with the Index gaining 1.43% followed by Financials and Resources which gained 1.06% and 0.81% respectively. The Rand was trading at 7.69 and 10.15 to the USD and EUR respectively by the time local markets closed.

Zambia: LuSE -0.29%, Vols USD 769k

The market recorded a turnover of USD 769,014.The counters that traded today included BATA, CECZ, LAFA, PUMA, SCBL, ZMBF and ZSUG. The biggest contributor towards turnover was, ZMBF, 1,252,646 shares traded at an average price of ZMK 2,950, turnover amounted to USD 739,061. The second biggest contributor towards turnover was SCBL, 807,945 shares traded at an average price of ZMK 88.97, turnover amounted to USD 14,377.

Zimbabwe: Industrials +0.06%, Mining -2.39%, Vols USD 1.4m

Fresh foreign buying impetus in telecommunications giant Econet on the month’s opening day helped boost total turnover for the day to $1.4m with balance of payments turning into a net inflow position as foreign buying stood at $1.1m against sales of $576,259. Industrials also carried its fine run of marginal gains into the new month posting a+0.06% rise to 138.60pts buoyed by gains in Old Mutual, AICO, OKZIM and ARISTON. International conglomerate Old mutual maintained its steady upward momentum adding 5c in today’s session to close at 165c and has since put on +26.9% on a year-to-date basis. Retail group OK who recently added an additional branch to their Harare portfolio added +0.9% to 10.10c while the Market welcomed Ariston’s EGM notice announcing a renounceable rights offer to raise $8m to recapitalize the agricultural concern with a +0.75% rebound from yesterday’s losses to 1.35c. Agro industrial conglomerate AICO who are set to consolidate their hold on the cotton industry following a reported merger between their cotton unit and major player in the industry put on a slender 0.6% gain to 16.8c. The top performer amongst the industrials however was brick makers Willdale that managed a 10% rise to 0.11c, whilst property group Mashonaland recovered from yesterday’s slump with a 4% rise to 2.6c. Five stocks traded in the red with notable losses being seen in Innscor that traded 0.18% softer at 56c, Fidelity that shed -1.16% to 17c and Barclays that came off -2.38% to 4.1c. The market was seemingly fazed by the central bank’s threats to withdraw licences from the undercapitalized banks with Interfin closing bid and offered at 2c and 3c respectively having last traded at 5c, Trust that last traded at 0.99c was quoted buyers at 0.7c and sellers at 0.9c; this was however despite both institutions not featuring amongst those that are likely to be affected should the central bank come down heavily. CBZ traded stable while FBC was quoted offered at 6.2c with no buyers and ZBFH was also offers only at 20c. The mining index dropped -2.39% to 77.20c weighed down by Hwange which traded at 28c being -2c below its last bid price of 30c. A 20% gain in Rio to 30c failed to reverse the loss in Hwange to see the mining close the day softer.