Market Insight: December 17, 2014

Africa

•  Ghana must cut phantom workers on payroll for EU to resume aid
•  Ethiopia may sell Eurobonds only every 2-3 years to contain debt

Nigeria

•  ASI -230bps, $18.2mill
•  Another dull day as the Index hit a 2-year low
•  Banks (-2.76%) and Consumers (-1.18%) continue to take a beating

Kenya

•  NSE20 -30bps, $34.8mill
•  A mammoth local cross in KNCB drove activity as 23.43m shares traded

Botswana

•  DCI +10bps, $1.63mill

Mauritius

•  Semdex +2bps, $520k

Zimbabwe

•  Ind -14bps, $356k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

11.66

-10.08

Nigeria

NGN

180.64

-11.26

Kenya

KES

90.60

-4.75

Mauritius

MUR

31.45

-4.45

Botswana

BWP

9.47

-7.83

Tanzania

TZS

1717.10

-7.37

Uganda

UGX

2785.00

-9.26

Rwanda

RWF

693.97

-2.59

Ghana

GHS

3.222

-26.24

BRVM

XOF

526.47

-8.77

Egypt

EGP

7.14

-2.73

Morocco

MAD

8.80

-7.10

Tunisia

TND

1.83

-10.55

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