Market Insight: Januray 10, 2013


Africa

•  Ghana’s opposition objects to judges panel in vote challenge
•  Ghana’s borrowing costs set to rise on deficit and the Cedi
•  Ethiopia’s December inflation slows to 12.9%

Nigeria

•  ASI -0.90%, $21.95mill
•  Banking stocks succumbed to profit taking with the Bank10 Index falling 3.33%
•  Robust activity with foreign interest prevalent

Kenya

•  NSE20 +0.34%, $5.9mill
•  Another rather active day despite the fact that foreign activity slowed down from the previous day
•  The Monetary policy committee cut the Central Bank Rate by 150bp to 9.5%.

Botswana

•  DCI +4bps, $69k

Egypt

•  EGX30 -192bps, $76mill

Mauritius

•  Semdex +48bps, $3.02mill

South Africa

•  Top40 +1bps, $1.36bn

Zambia

•  LuSE +18bps, $24k

Zimbabwe

•  Ind +160bps, mining +362bps, $1.26mill

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