Market Insight: January 21, 2014


Africa

•  Zambia raises minimum capital requirements for non-bank lenders

Nigeria

•  ASI -67bps, $28.3m
•  Large local crosses in Flourmills and Oando drove turnover while banks (-7bps) showed signs of the rally ending
•  Finance Minister Okonjo-Iweala plans to boost sovereign wealth fund

Kenya

•  NSE20 +9bps, $9.6m
•  Foreign selling in the 2 banks led KNCB down 1.1% and EqBnk down 80bps on decent volumes. Strong buying continues in KNRE and BRIT

Botswana

•  DCI +19bps, $315k

Egypt

•  EGX30 +49bps, $75m

Mauritius

•  Semdex -32bps, $1.04m

South Africa

•  Top40 +63bps, $1.02bn

Zimbabwe

•  Ind -62bps, Mining -1.16%, $1.4m

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.84

-3.28

Nigeria

NGN

159.66

+0.40

Kenya

KES

85.95

+0.41

Mauritius

MUR

30.40

-1.15

Botswana

BWP

8.94

-2.06

Tanzania

TZS

1615.00

-1.55

Uganda

UGX

2487.00

+1.61

Rwanda

RWF

680.86

-0.71

Ghana

GHS

2.40

-1.04

BRVM

XOF

486.72

-1.35

Egypt

EGP

6.96

-0.20

Morocco

MAD

8.27

-0.98

Tunisia

TND

1.64

-0.36

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