Market Insight: February 12, 2014


Nigeria

•  ASI -48bps, $27.2m
•  Local crosses dominate yet again although Tier 1 banks see some activity although banks (-114bps) and consumers (-70bps) remain soft
•  Nigeria government may temporarily ban sale of SIM cards in effort to force greater investment in network quality

Kenya

•  NSE20 +31bps, $10.5m
•  Foreign activity increased – foreign selling yet local demand for the banks pushed them higher
•  Public Prosecutor orders arrest of Central Bank Governor Ndung’u for alleged abuse of office

Botswana

•  DCI -36bps, $106k

Egypt

•  EGX30 +14bps, $120m

Mauritius

•  Semdex -7bps, $1.4m

South Africa

•  Top40 -5bps, $1.47bn

Zimbabwe

•  Ind -13bps, Mining -3.34%, $290k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

11.05

-5.05

Nigeria

NGN

164.20

-2.38

Kenya

KES

86.20

+0.12

Mauritius

MUR

30.30

-0.83

Botswana

BWP

8.99

-3.02

Tanzania

TZS

1622.00

-1.97

Uganda

UGX

2469.20

+2.34

Rwanda

RWF

680.50

-0.66

Ghana

GHS

2.52

-5.75

BRVM

XOF

483.03

-0.59

Egypt

EGP

6.96

-0.19

Morocco

MAD

8.21

-0.41

Tunisia

TND

1.59

+3.25

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