Market Insight: August 20, 2013

Africa

•  The Zimbabwe Stock Exchange fell for a 10th straight day after Robert Mugabe’s victory in 31 July elections

Nigeria

•  ASI -0.45%, $15.56m
•  Pretty quiet start to the week, frustrating day for investors as the NSE feed to Bloomberg was down. Chunky cross in NB just before the close the highlight of the day
•  Inflation rate rises to 8.7% in July (up from 8.4% in June)
•  Wema Bank looking to raise $200m for expansion and to fund loan book

Kenya

•  NSE20 +0.18%, $6.4m
•  Foreign activity in Safcom drove the volumes in Nairobi as the name continues to grind higher (KES 8.15). Mixed performance in the banks as Equity Bank gained 70bps while KNCB fell by 60bps

Botswana

•  DCI -0.01%, $20k

Egypt

•  EGX30 -0.10%, $36m

Mauritius

•  Semdex +0.36%, $673k

South Africa

•  Top40 -0.34%, $1.16bn

Zambia

•  LuSE +0.39%, $406k

Zimbabwe

•  Ind -1.54%, Mining unch, $670k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.17

-16.69

Nigeria

NGN

161.60

-3.37

Kenya

KES

87.45

-1.54

Mauritius

MUR

30.80

-0.81

Botswana

BWP

8.62

+10.73

Tanzania

TZS

1617.00

-1.98

Uganda

UGX

2576.50

+3.93

Rwanda

RWF

646.01

-2.25

Ghana

GHS

2.13

-10.80

BRVM

XOF

491.33

+1.61

Egypt

EGP

6.98

-8.94

Morocco

MAD

8.38

+1.00

Tunisia

TND

1.63

-5.74

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