Market Insight: August 07, 2013


Africa

•  Zimbabwe plans to seize foreign-owned mines without paying compensation while they will seize banks by paying compensation as part of program to accumulate $7bn of assets
•  Rwanda inflation rate may rise un July/August as food prices rise
•  Zimbabwe to act against Duration Gold on black-ownership laws

Nigeria

•  ASI -0.32%, $22.89m
•  Tier 1 banks strong while Tier 2 banks fell off. Losses in NB and PZ pulled down the consumer sector (-62bps)
•  IFC to expand investments in Nigeria by 25% to $2bn by next yeat

Kenya

•  NSE20 -0.01%, $4.4m
•  After an early cross in EABL the rest of the session was fairly quiet as foreign participation dropped slightly
•  Kenya Central Bank says the weak shilling can benefit economy

Botswana

•  DCI -0.01%, $44k

Egypt

•  EGX30 +0.19%, $53m

Mauritius

•  Semdex +0.29%, $775k

South Africa

•  Top40 -0.55%, $1.19bn

Zambia

•  LuSE -0.84%, $22k

Zimbabwe

•  Ind -1.72%, Mining -4.09%, $2.69m

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

9.90

-14.43

Nigeria

NGN

159.60

-2.16

Kenya

KES

87.30

-1.37

Mauritius

MUR

30.96

-1.32

Botswana

BWP

8.54

+9.74

Tanzania

TZS

1621.00

-2.22

Uganda

UGX

2572.75

+4.08

Rwanda

RWF

642.00

-1.64

Ghana

GHS

2.06

-7.77

BRVM

XOF

495.00

+0.86

Egypt

EGP

6.99

-9.03

Morocco

MAD

8.39

+0.75

Tunisia

TND

1.65

-6.00

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