Market Insight: February 01, 2012

Africa

•  Today is a public holiday in Mauritius and the Semdex will is closed
•  Gono says Zimbabwe economy forecast to grow by 9.4% in 2012
•  Impala Zimbabwe profit falls 74% on lower prices and higher costs
•  The Gambia cuts benchmark interest rate to 13% on back on inflation outlook

Nigeria

•  ASI +90bps, $41.36mill. Special divestment in JBERGER accounting for over 75% of vols in a relatively quiet day
• Another strong day in Lagos with banks finding some strong buying interest (FBN +4.96%, Zenith +3.66%, Diamond +4.74%)
• UBA continues to struggle closing limit down at N2.00
• As expected, MPC keeps Monetary Policy Rate unchanged at 12%

Kenya

•  NSE20 -2bps, $1.8mill, improved vols in KNCB, COOP, EABL and Safcom
•  Inflation little changed at 18.3% as strong shilling helped curb import costs

Botswana

• DCI +99bps, $304k

Egypt

• EGX30 +2.59%, $100mill

Mauritius

• Semdex -63bps, $1.4mill

South Africa

• Top40 +44bps, $1.93bn

Zambia

• LuSE -13bps, $9k

Zimbabwe

• Ind +64bps, Mining -2.16%, $695k
 

contacts
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  • South Africa +27 11 268 5833
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