Movers & Shakers: October 26, 2012

African Currencies

Botswana: DCI +0.30%, USD 59k

A better day in Gaborone but still rather quiet with value traded amounting to USD 59k while the market closed the day higher with the DCI gaining 0.30% to close at 7,456.46. Letshego (160t, +5t) was the only name that closed the day higher while there were no stocks that closed lower on the day.

Egypt: closed

PLEASE NOTE THAT THE EGYPTIAN MARKET WILL BE CLOSED FROM THURSDAY 25 OCTOBER TO SUNDAY 28 OCTOBER DUE TO EID CELEBRATIONS.

Kenya: NSE20 +0.32%, USD 7.70m

Very active day in Nairobi to end the week with value traded amounting to $7.70m. EABL lead from the front in terms of value traded with a total of 890k shares traded in the name thanks to a few large crosses with foreigners accounting for 100% of purchases. Foreigners dominated activity in Equity Bank and accounted for 79% of purchases and 93% of sales as a total of 7.04m shares traded. Foreigners also dominated activity in CFC (99% of purchases and 99% of sales) as a total of 1.93m shares traded. Foreigners were net buyers and accounted for $5.64m of total purchases while they accounted for $3.89m of total sales. The market closed the day higher with the NSE 20 Index gaining 0.32% to close at 4,132.91.

Mauritius: Semdex -0.05%, USD 1.62m

Decent way to end the week with value traded amounting to USD 1.62m while the market closed the day lower with the Semdex falling 0.05% to close at 1,690.38. Banking Stocks MCB and SBM both closed the day flat at 162.00 and 83.50 respectively. NMH was rather active thanks to a cross of 100k shares with the hotel counter falling 1.79% to close at 55.00. Rogers was extremely quiet and closed the day flat at 155.00.

Nigeria: closed

PLEASE NOTE THAT THE NIGERIAN MARKET WILL BE CLOSED ON THURSDAY 25 OCTOBER AND FRIDAY 26 OCTOBER FOR EID CELEBRATIONS.

Zambia: LuSE +0.16%, USD 13k

Another dull day in Lusaka with value traded amounting to USD 13k. The names that traded included AELZ, CEC, LAFA, PMDZ, SCZ, ZMBF, ZSUG, and ZANCO. ZANACO was the biggest contributor towards turnover with value traded in the name amounting to USD 2.9k. CEC was the second biggest contributor towards turnover with value traded in the name amounting to USD 700.

Zimbabwe: Industrial Index -1.12%, Mining Index +1.63%, USD 3.13m

The Industrial Index slipped a further 1.12% or 1.74points in its fourth consecutive daily loss weighed down by Innscor and Colcom as telecoms giant Econet caught the profit taking bug. Innscor lost 4.88% to 76c on selling pressure as investors consolidate returns; Colcom lost 26.67% to 22c albeit on thin volumes while Econet was the worst performer giving 21.01c or 4.19% to 479.99c as investors express dissatisfaction after the group skipped interim dividends in favor of share buybacks. On a year to date basis Innscor and Econet have however outperformed the overall market returning an impressive 20% and 39.45% respectively ahead of a 5.14% Industrial YTD return. The mainstream index recorded its first weekly loss (giving up 3.30%) since the end of August. The Mining Index gained 1.63% to close at 90.27 points and end up 4.20% for the week supported by RIOZIM which advanced 2.42% to 63.50c. BINDURA slipped 0.04c to close at 2.95 cents. Falgold and Hwange were unchanged at previous trading levels.