Market Insight: December 06, 2013


Africa

•  Egypt unexpectedly cuts interest rates by 50bps to 8.25% in effort to boost economy damaged by unrest

Nigeria

•  ASI -32bps, $23.34m
•  Banks under pressure again (-55bps) with FBNH and GTB dragging down the sector. Consumers (-64bps) lower on back of weakness in NB and Dangote Flour

Kenya

•  NSE20 +0.24%, $4.78mill
•  Deputy Chief Justice Baraza resigns after assault findings

Botswana

•  DCI -4bps, $355k

Egypt

•  EGX30 +81bps, $44m

Mauritius

•  Semdex +13bps, $803k

South Africa

•  Top40 +84bps, $1.19bn

Zimbabwe

•  Ind +6bps, Mining unch, $2.96m

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.43

-18.78

Nigeria

NGN

158.70

-1.61

Kenya

KES

86.56

-0.53

Mauritius

MUR

30.25

+0.99

Botswana

BWP

8.75

-11.09

Tanzania

TZS

1607.00

-1.37

Uganda

UGX

2525.00

+6.05

Rwanda

RWF

673.50

-6.24

Ghana

GHS

2.31

-17.55

BRVM

XOF

483.48

+3.27

Egypt

EGP

6.88

-7.60

Morocco

MAD

8.22

+2.86

Tunisia

TND

1.66

-6.95

contacts
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  • South Africa +27 11 268 5833