Market Insight: February 27, 2013

Africa

•  First Quantum may see Zambia rival BlackRock as top holder
•  Ethiopian Central Bank order may mean more T-Bills, less lending
•  Ghana’s Mahama plans to “chase out” illegal foreign gold miners
•  Botswana’s economy to expand 5.9% in 2013, Central Bank says
•  Egypt’s opposition to boycott Parliament vote

Nigeria

•  ASI -0.59%, $24.69mill
•  Crosses in the likes of First Bank, Nestle and Stanbic drove activity
•  Nigeria oil licenses to await passage of new industry law

Kenya

•  NSE20 +0.12%, $6.8mill
•  Shilling snaps gain as businesses buy Dollars to pay bills
•  African Union call Kenyan election preparations commendable
•  All eyes will be in KNCB, EQBNK and COOP ahead of tomorrow’s results

Botswana

•  DCI +8bps, $16k

Egypt

•  EGX30 -3bps, $30mill

Mauritius

•  Semdex +2bps, $1.28mill

South Africa

•  Top40 -61bps, $1.40bn

Zambia

•  LuSE +63bps, $151k

Zimbabwe

•  Ind -24bps, mining -111bps, $450k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

8.85

-4.27

Nigeria

NGN

158.10

-1.23

Kenya

KES

87.30

-1.37

Mauritius

MUR

30.95

-1.29

Botswana

BWP

8.01

+2.97

Tanzania

TZS

1627.00

-2.58

Uganda

UGX

2660.00

+0.67

Rwanda

RWF

633.79

-0.37

Ghana

GHS

1.91

-0.57

BRVM

XOF

504.20

-0.99

Egypt

EGP

6.73

-5.55

Morocco

MAD

8.51

+0.70

Tunisia

TND

1.58

-2.02

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