Market Insight: April 13, 2012

Africa

•  Mozambique Central Bank cuts benchmark rate for 3rd time in five months to 13.5% to boost economy
•  Bank of Ghana raises benchmark lending rate for second time in 3 months to 14.5%
•  Mauritius tourist arrivals rise 0.6% in March
•  Barclays Bank Uganda full-year profit more than doubles after it reduced bad loans and boosted customer deposits
•  South Sudan inflation rises to 50.9% in March on high food costs

Nigeria

•  ASI -1bp, $14.04mill
•  MEND says that the rebel group will mount “sustained strikes on all pipelines and facilities remotely related to the Nigerian oil industry”
•  Nigerian inflation data due out on Wed 18 April. Inflation in Feb unexpectedly slowed to 11.9%

Kenya

•  NSE20 +6bps, $7.25mill.

Botswana

•  DCI +3bps, $220k

Egypt

•  Please remember Egypt closed again today due to Easter celebrations

Mauritius

•  Semdex +7bps, $1.37mill

South Africa

•  Top40 -48bps, $1.4bn

Zambia

•  LuSE -3bps, $531k

Zimbabwe

•  Ind -16bps, Mining unch, $1.67mill
 

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