Market Insight: February 27, 2014

Africa

•  Ghana’s SEC due to approve Mega African Capital IPO next week
•  Uganda’s anti-gay law plummets shilling to biggest drop since 2012

Nigeria

•  ASI -76bps, $21.65m
•  Profit taking in the banks (-33bps) and consumers (-69bps) just before the close

Kenya

•  NSE20 +57bps, $15.1m
•  Mammoth foreign cross in KNCB just before today’s results (due out this morning) the main action
•  KNCB reports FY13 this morning while Equity Bank reports after the session
•  TransCentury to acquire stake in East African Cables

Botswana

•  DCI -8bps, $2.4m

Egypt

•  EGX30 -39bps, $129m

Mauritius

•  Semdex -14bps, $275k

South Africa

•  Top40 +22bps, $1.39bn

Zimbabwe

•  Ind -47bps, Mining +4.58%, $2.58m

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.82

-3.01

Nigeria

NGN

164.75

-2.70

Kenya

KES

86.50

-0.23

Mauritius

MUR

30.10

-0.17

Botswana

BWP

8.88

-1.66

Tanzania

TZS

1624.00

-2.09

Uganda

UGX

2513.00

0.56

Rwanda

RWF

681.51

-0.81

Ghana

GHS

2.50

-5.24

BRVM

XOF

482.91

-0.58

Egypt

EGP

6.96

-0.19

Morocco

MAD

8.22

-0.45

Tunisia

TND

1.58

+3.60

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