Market Insight: April 24, 2014


Africa

•  South Africa inflation rises to 6% in March, right at top of Central Bank’s target range
•  Ugandan government forecasts 6.8% growth in 2014-15 on back of energy expansion

Nigeria

•  ASI +46bps, $32.94m
•  Banks again driving direction (+70bps) and volumes with chunky crossing dominating the sector

Kenya

•  NSE20 unch, $11.1m
•  Equity Bank (+5.1%) continues to run hard while KNCB (+1.6%) following suit

Botswana

•  DCI -66bps, $80k

Egypt

•  EGX30 +31bps, $138m

Mauritius

•  Semdex -5bps, $3.54m

Zimbabwe

•  Ind +1.79%, Mining +2.43%, $3.08m

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.61

-1.15

Nigeria

NGN

162.15

-1.14

Kenya

KES

86.90

-0.69

Mauritius

MUR

30.05

unch

Botswana

BWP

8.78

-0.39

Tanzania

TZS

1639.00

-2.99

Uganda

UGX

2513.00

+0.56

Rwanda

RWF

684.02

-1.17

Ghana

GHS

2.80

-15.41

BRVM

XOF

475.92

+0.89

Egypt

EGP

6.99

-0.68

Morocco

MAD

8.14

+0.48

Tunisia

TND

1.59

+3.15

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