Market Insight: April 19, 2013

Africa

•  Ghana’s Central Bank to give primary dealers 10 weeks to increase purchases at debt auctions or lose role in market
•  Ghana risks missing budget deficit as thousands of teachers and doctors strike for higher pay
•  DRC suspended from Mining-Transparency initiative for 1 year and may delist unless it improves reporting of mining and oil revenue
•  SABMiller quarterly sales beat estimates as gains in Africa, Asia and Europe offset decline in LatAm

Nigeria

•  ASI -1.40%, $36.59m
•  Profit taking with Tier 2 banks initially selling off and later dragging Tier 1 banks down as well. Consumer names extremely active yet little changed

Kenya

•  NSE20 -0.61%, $10.9m
•  Foreign participants dominated the day in particular in Safcom, EABL, Equity Bank and KNCB

Botswana

•  DCI +0.39%, $422k

Egypt

•  EGX30 +0.18%, $39m

Mauritius

•  Semdex -0.17%, $370k

South Africa

•  Top40 +0.22%, $1.56bn

Zambia

•  LuSE -0.71%, $599k

Zimbabwe

•  Closed yesterday for Independence Day

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

9.17

-7.60

Nigeria

NGN

158.50

-1.48

Kenya

KES

83.30

+2.74

Mauritius

MUR

31.08

-1.69

Botswana

BWP

8.21

+5.42

Tanzania

TZS

1631.00

-2.82

Uganda

UGX

2572.00

+4.11

Rwanda

RWF

636.40

-0.78

Ghana

GHS

1.95

-2.51

BRVM

XOF

503.78

-0.89

Egypt

EGP

6.90

-7.82

Morocco

MAD

8.51

-0.60

Tunisia

TND

1.60

-3.21

contacts
  • Bermuda +1 441 278 7620
  • South Africa +27 11 268 5833
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