Market Insight: February 21, 2012


Africa

•  SA furniture and appliance dealer JD Group to open Zambian store and targets Ghana and Mozambique within 18 months
•  Ghana cuts 2012 budget deficit forecast to 4.4% as government revenue increases and spending reined in
•  Impala says it hasn’t received any notification on Mimosa Platinum from Zimbabwe

Nigeria

•  ASI +14bps, $17.4mill. Active day in Nigeria, led by banks +66bps.
•  Annual inflation rate rises to 12.6% in Jan after fuel subsidy reductions
•  Finance Minister Okonjo-Iweala says increased terror attacks fail to deter investors

Kenya

•  NSE20 -20bps, $1.7mill. Sluggish day in Nairobi with a cross in KenolKobil just before the close bumping up vols.
•  Pan Africa Insurance announces FY11 results, profit down 25% as value of investments in stocks and bonds drops

Botswana

•  DCI +17bps, $672k

Egypt

•  EGX30 +77bps, $141mill

Mauritius

•  Was closed yesterday, reopen today

South Africa

•  Top40 +7bps, $1.09bn

Zambia

•  LuSE -64bps, $16k

Zimbabwe

•  Ind -9bps, Mining +1.72%, $615k
 

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