Market Insight: August 01, 2013


Africa

•  South Sudan to maintain oil output as Sudan delays shutdown
•  Zambia keeps key rate unchanged at 9.75% as inflation steadies
•  All indications were that the Zimbabwe elections were relatively peaceful

Nigeria

•  ASI +0.29%, $25.19mill
•  Activity continued to improve with Ashaka Cement leading the way after posting H1 results with a large cross in the name
•  Diamond Bank also released H1 results with the counter closing marginally higher

Kenya

•  NSE20 -0.20%, $4.6mill
•  EABL closed lower (-4%) as expected after posting a profit warning the prior evening

Botswana

•  DCI -1bps, $18k

Egypt

•  EGX30 -3bps, $31mill

Mauritius

•  Semdex -3bps, $574k

South Africa

•  Top40 +89bps, $1.40bn

Zambia

•  LuSE +143bps, $15k

Zimbabwe

•  Closed yesterday for elections

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

9.91

-14.54

Nigeria

NGN

160.50

-2.71

Kenya

KES

87.40

-1.49

Mauritius

MUR

30.85

-0.97

Botswana

BWP

8.55

+9.83

Tanzania

TZS

1621.00

-2.22

Uganda

UGX

2575.05

+3.99

Rwanda

RWF

647.91

-2.54

Ghana

GHS

2.06

-7.77

BRVM

XOF

496.40

+0.60

Egypt

EGP

7.00

-9.10

Morocco

MAD

8.41

+0.56

Tunisia

TND

1.64

-6.14

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