Market Insight: August 22, 2013

Africa

•  Namibia Central Bank keeps benchmark interest rate at 5.5% as inflation slows
•  Foschini plans to expand outside of a slowing domestic South African market
•  Zimbabwe snaps longest losing streak in 17 months following re-election of President Mugabe

Nigeria

•  ASI -0.58%, $12.23m
•  Groundhog day as yet another painfully dull session with banks and consumers selling off slightly. Not much conviction though on these low volumes
•  Access Bank released H1 results

Kenya

•  NSE20 -0.21%, $9m
•  A chunky cross in KCB (unch, KES 44.75) just before the close spiked up volumes. Locals selling EABL hard (-2.9%, KES 305) before Friday’s results release
•  East Africa’s biggest port at Mombasa fighting off competition by expanding railways and building new berths to tackle congestion

Botswana

•  DCI -0.09%, $119k

Egypt

•  EGX30 +0.05%, $33m

Mauritius

•  Semdex +0.38%, $905k

South Africa

•  Top40 +0.01%, $1.1bn

Zambia

•  LuSE -0.48%, $41k

Zimbabwe

•  Ind +0.60%, mining unch, $2.14m

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.23

-12.20

Nigeria

NGN

161.15

-3.10

Kenya

KES

87.55

-1.66

Mauritius

MUR

30.60

-0.16

Botswana

BWP

8.69

+11.70

Tanzania

TZS

7678.00

-2.04

Uganda

UGX

2585.00

+3.59

Rwanda

RWF

647.94

-2.54

Ghana

GHS

2.13

-10.69

BRVM

XOF

492.58

+1.35

Egypt

EGP

6.99

-8.98

Morocco

MAD

8.36

+1.16

Tunisia

TND

1.63

-5.15

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