Market Insight: February 27, 2014


Africa

•  Ghana Clinches three-year IMF funding deal worth $940 million

Nigeria

•  ASI -50bps, $22.9mill
•  Banks (-1.83%) reversed some of their recent strength with notable softness in UBA (-4.92%, N3.48), Zenith (-4.00%, N18.00) and Access (-4.89%, N6.23)

Kenya

•  NSE20 +14bps, $10.95mill
•  EqBnk (-1.8%, KES55.00) and KNCB (-80bps, KES59.00) were both driven lower by foreign selling.

Botswana

•  DCI +1bps, $131k

Mauritius

•  Semdex +39bps, $670k

Zimbabwe

•  Ind +7bps, $707k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

11.48

+0.78

Nigeria

NGN

202.00

-9.18

Kenya

KES

9.48

-0.96

Mauritius

MUR

33.25

-4.51

Botswana

BWP

9.54

-0.33

Tanzania

TZS

1820.00

-4.78

Uganda

UGX

2895.00

-4.28

Rwanda

RWF

695.20

-0.78

Ghana

GHS

3.47

-7.41

BRVM

XOF

585.61

-7.42

Egypt

EGP

7.57

-5.64

Morocco

MAD

9.59

-5.41

Tunisia

TND

1.94

-4.10

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