Market Insight: January 22, 2014


Nigeria

•  ASI +1.11%, $19.01m
•  Slow day with crosses in Oando, Zenith and FBNH livening up the day. Banks (+86bps) and Consumers (+61bps) continue to grind higher
•  Nigeria Central Bank raises the limit on cash reserves that lenders must hold on public funds and also kept benchmark interest rate at record high of 12%
•  Aliko Dangote looking into buying Nigeria oil fields

Kenya

•  NSE20 +1.03%, $9.4m
•  Foreign buying returned in EqBnk as the name bounced back by 3.1% while EABL (-70bps) soft on back of foreign selling

Botswana

•  DCI +52bps, $465k

Egypt

•  EGX30 +70bps, $79m

Mauritius

•  Semdex unch, $2.09m

South Africa

•  Top40 -11bps, $1.33bn

Zimbabwe

•  Ind -31bps, Mining -4.14%, $1.47m

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.84

-3.23

Nigeria

NGN

159.32

+0.62

Kenya

KES

86.05

+0.29

Mauritius

MUR

30.35

-0.99

Botswana

BWP

8.93

-1.88

Tanzania

TZS

1615.00

-1.55

Uganda

UGX

2483.00

+1.77

Rwanda

RWF

680.50

-0.66

Ghana

GHS

2.41

-1.45

BRVM

XOF

486.78

-1.55

Egypt

EGP

6.96

-0.19

Morocco

MAD

8.29

-1.28

Tunisia

TND

1.64

-0.05

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