Market Insight: February 12, 2014


Africa

•  Angola plans 25% cut in budget as oil revenue set to plunge
•  Zimbabwes GDP set to expand 3.2% in 2015 as deflation persists
•  Mozambique central bank keeps benchmark interest rate at 7.5%

Nigeria

•  ASI -139bps, $30.5mill
•  Banks (-1.04%) and Consumers (-0.56%) were both weaker

Kenya

•  NSE20 +32bps, $11.0mill
•  Some foreign activity in KNCB and Safcom drove proceedings

Botswana

•  DCI +2bps, $31k

Mauritius

•  Semdex +32bps, $1.83mill

Zimbabwe

•  Ind -85bps, $1.32mill

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

11.81

-2.04

Nigeria

NGN

203.90

-10.03

Kenya

KES

91.61

-1.10

Mauritius

MUR

33.16

-4.27

Botswana

BWP

9.72

-2.31

Tanzania

TZS

1840.00

-5.82

Uganda

UGX

2870.00

-3.45

Rwanda

RWF

695.20

-0.78

Ghana

GHS

3.40

-5.50

BRVM

XOF

582.19

-6.90

Egypt

EGP

7.58

-5.64

Morocco

MAD

9.57

-5.18

Tunisia

TND

1.93

-3.65

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