Market Insight: August 30, 2012


African Currencies

 
Country
Notation
Currency
 
South Africa
ZAR
8.4755
 
Nigeria
NGN
158.0375
 
Kenya
KES
84.30
 
Mauritius
MUR
30.55
 
Botswana
BWP
7.8095
 
Tanzania
TZS
1578.50
 
Uganda
UGX
2500.00
 
Rwanda
RWF
614.3657
 
Ghana
GHS
1.9305
 
BRVM
XOF
526.6799
 
Egypt
EGP
6.1006
 
Morocco
MAD
8.8447
 
Tunisia
TND
1.6042

Africa

•  Ghana’s Tema Oil Refinery been shut for almost 6 weeks after power failure affected key machinery
•  Angolan President dos Santos set to win election and extend 32-year rule, bolstered by oil led economic boom and divided opposition
•  Tanzania say they will levy CGT on the sale of African Barrick Gold

Nigeria

•  ASI +59bps, $7.6mill. Lagos advanced on extremely thin volumes ahead of month end as investors seem content to sit on the sidelines
•  Power Minister Barth Nnaji quits after reports of conflict of interest in sale of state-owned power companies

Kenya

•  NSE20 +93bps, $4.03mill. Large local cross in British American dominating flows

Botswana

•  DCI +14bps, $206k

Egypt

•  EGX30 -32bps, $84mill

Mauritius

•  Semdex -26bps, $1.45mill

South Africa

•  Top40 -9bps, $1.26bn

Zambia

•  LuSE -1.01%, $99k

Zimbabwe

•  Ind +50bps, Mining unch, $886k
 

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