Market Insight: February 18, 2014


Africa

•  Rwanda planning longer-dated bonds in effort to attract foreign investors

Nigeria

•  ASI +51bps, $34.3m
•  Banks reversed some of last week’s softness by gaining 2.24%, led by UBA (+7.9%)
•  Guinness H1 results shows 22% decline in profits as weakness in consumer spending hurts beer sales

Kenya

•  NSE20 -66bps, $4.7m
•  Dull day in Nairobi while EABL still under pressure (-4.9%) after Friday’s results while KNCB (-4.4%) and EqBnk (-2.27%) weak ahead of FY13 results

Botswana

•  DCI -1bp, $6k

Egypt

•  EGX30 +1bp, $103m

Mauritius

•  Semdex -38bps, $1.2m

South Africa

•  Top40 +92bps, $1.28bn

Zimbabwe

•  Ind +20bps, Mining unch, $560k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.84

-3.26

Nigeria

NGN

162.60

-1.41

Kenya

KES

86.30

unch

Mauritius

MUR

30.25

-0.66

Botswana

BWP

8.91

-1.88

Tanzania

TZS

1622.50

-2.00

Uganda

UGX

2459.25

+2.75

Rwanda

RWF

678.00

-0.29

Ghana

GHS

2.51

-5.49

BRVM

XOF

481.52

-0.28

Egypt

EGP

6.96

-0.19

Morocco

MAD

8.19

-0.12

Tunisia

TND

1.58

+3.81

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