Market Insight: April 30, 2014


Africa

•  Ghana to name Eurobond advisors within 2 weeks
•  Zimbabwe opposition plunged into chaos as Tsvangirai expels Biti

Nigeria

•  ASI -29bps, $17.67mill
•  Activity increased yesterday thanks to crosses in Seplat and a number of the banks

Kenya

•  NSE20 -29bps, $12.6mill
•  Crosses in EQBNK and KNCB drove activity yesterday
•  Kenya economy grew less than expected in 2013 (+4.7%) amid a tourism slump

Botswana

•  DCI +13bps, $123k

Egypt

•  EGX30 -19bps, $30mill

Mauritius

•  Semdex -22bps, $2.16mill

Zimbabwe

•  Ind +28bps, mining unch, $934k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.55

-0.68

Nigeria

NGN

160.74

-0.28

Kenya

KES

86.95

-0.75

Mauritius

MUR

30.00

+0.17

Botswana

BWP

8.77

-0.26

Tanzania

TZS

1643.00

-3.23

Uganda

TZSUGX

2520.00

+0.28

Rwanda

RWF

679.50

-0.59

Ghana

GHS

2.82

-15.82

BRVM

XOF

477.61

+0.54

Egypt

EGP

7.00

-0.78

Morocco

MAD

8.14

+0.51

Tunisia

TND

1.60

+2.52

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