Market Insight: April 22, 2013


Africa

•  Zambia $1bn bonds no threat to finances as yields jump
•  Egypt finance minister Hegazi sees IMF aid deal in a “few weeks”

Nigeria

•  ASI +0.31%, $15.81mill
•  A rally in banking stocks with the Bank 10 Index gaining 1.22%
•  Guaranty Trust Bank released Q1 with a 19% gain in quarterly profit

Kenya

•  NSE20 -0.70%, $3.1mill
•  Rather quiet day last Friday with most foreign participants absent
•  Kenya President to work with former opponent to reconcile nation

Botswana

•  DCI +17bps, $490k

Egypt

•  EGX30 -28bps, $29mill

Mauritius

•  Semdex -6bps, $300k

South Africa

•  Top40 +161bps, $1.67bn

Zambia

•  LuSE +77bps, $24k

Zimbabwe

•  Ind -1bps, mining unch, $1.55mill

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

9.25

-8.40

Nigeria

NGN

158.63

-1.56

Kenya

KES

85.50

+0.70

Mauritius

MUR

31.15

-1.93

Botswana

BWP

8.23

+5.81

Tanzania

TZS

1625.00

-2.46

Uganda

UGX

2627.00

+1.93

Rwanda

RWF

635.3474

-0.61

Ghana

GHS

1.93

-1.65

BRVM

XOF

509.18

-1.95

Egypt

EGP

6.78

-6.26

Morocco

MAD

8.58

-1.55

Tunisia

TND

1.58

-1.83

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