Market Insight: August 28, 2012


African Currencies

 
Country
Notation
Currency
 
South Africa
ZAR
8.4018
 
Nigeria
NGN
158.20
 
Kenya
KES
84.20
 
Mauritius
MUR
30.45
 
Botswana
BWP
7.7670
 
Tanzania
TZS
1572.00
 
Uganda
UGX
2500.00
 
Rwanda
RWF
614.0432
 
Ghana
GHS
1.9310
 
BRVM
XOF
524.22
 
Egypt
EGP
6.0856
 
Morocco
MAD
8.8036
 
Tunisia
TND
1.6019

Africa

•  Nigeria, Ghana, Sierra Leone and BRVM bourses plan to set up common rules by 2014 in effort to open way for trading across these markets
•  Mauritius Statistics Agency cuts 2012 trade deficit forecast to Rs81bn (v Rs85bn)
•  Guinea lowers 2012 inflation target to 12%

Nigeria

•  ASI +39bps, $15.1mill. yet again banks drive both performance and volumes with UBA, GTB, FCMB, Skye and IBTCCB all gaining more than 1%
•  Presidency in talks with Boko Haram militants to find ways to end Islamist insurgency

Kenya

•  NSE20 +32bps, $2.2mill
•  Centum begins private sale of KES5bn ($60mill) 5-year bonds

Botswana

•  DCI -81bps, $77k

Egypt

•  EGX30 +75bps, $104mill

Mauritius

•  Semdex -66bps, $4.07mill. Another big cross in Rogers ramping up volumes

South Africa

•  Top40 +29bps, $620mill

Zambia

•  LuSE +76bps, $63k

Zimbabwe

•  Ind -39bps, Mining unch, $288k
 

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