Market Insight: February 16, 2012

Africa

•  Ghana unexpectedly raises benchmark rate by 1% to 13.5%
•  BHP scraps plans for smelter linked to Congo Hydropower plant
•  Mauritius Central Bank meeting to find ways to deal with strength of rupee v euro
•  Rwandan inflation rate falls to 7.81% in Jan as food, transport and energy costs declined

Nigeria

•  ASI -1.89%, $9mill. Banks +70bps the only strong sector as market continues to struggle with only selected buying around
•  Nigeria plans to borrow $7.9bn for oil and gas pipeline projects

Kenya

•  NSE20 unch, $3.3mill. Safcom the bulk of days trading with the name closing up 3.12% at kes3.30

Botswana

•  DCI +4bps, $13k

BRVM

•  Comp +1bp, BRVM1- -2bps, $283k

Egypt

•  EGX30 -1.24%, $109mill

Mauritius

•  Semdex +52bps, $1.4mill

South Africa

•  Top40 -29bps, $1.78bn

Zambia

•  Top 40 -15bps, $1.65bn

Zimbabwe

•  Ind +47bps, Mining +1.48%, $471k
 

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