Market Insight: April 02, 2012

Africa

•  Uganda’s economy contracts 2.3% as construction declines
•  Namibian diamond output fell 16% in 2011 on Namdeb strike
•  SG-SSB of Ghana sees loan growth of 22% on oil imports and cocoa
•  Mauritius cuts 2012 growth forecast to 3.6% on Europe crisis

Nigeria

•  ASI -15bps, $13.95mill
•  Dull day in Lagos last Friday as the first quarter of 2012 ends
•  Guinness releases full-year results with profit after tax falling to –N11.254bn

Kenya

•  NSE20 +20bps, $2.79mill
•  Inflation declines to 15.6%, adding pressure for a rate cut
•  International Criminal Court names three judges to try Kenyans

Botswana

•  DCI -2bps, $12k

Egypt

•  EGX 30 -142bps, $36m

Ghana

•  $124k

Mauritius

•  Semdex +68bps, $1.3m

South Africa

•  Top40 -12bps, $1.62bn

Zambia

•  LuSE +36bps, $21k

Zimbabwe

•  Ind -93bps, Mining -116bps, $2.8m
 

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