Market Insight: January 24, 2014


Nigeria

•  ASI +1.18%, $24.4m
•  As expected, there was the 1 day sell off in banks as they saw a massive turnaround yesterday (+2.42%) as Tier 1 names in particular heavily bought. Consumers rallied as aggressive buyer in names like Nestle (+3%) right at the close lifted the sector

Kenya

•  NSE20 -55bps, $11.9m
•  Increased foreign participation led total turnover higher although foreigners remain skewed on the sell side

Botswana

•  DCI +34bps, $108k

Egypt

•  EGX30 +75bps, $112m

Mauritius

•  Semdex -30bps, $3.03m

South Africa

•  Top40 +12bps, $1.56bn

Zimbabwe

•  Ind -1.22%, Mining -51bps, $2.63m

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.96

-4.32

Nigeria

NGN

160.15

+0.09

Kenya

KES

85.45

+0.99

Mauritius

MUR

30.25

-0.66

Botswana

BWP

8.96

-2.38

Tanzania

TZS

1613.00

-1.43

Uganda

UGX

2473.50

+2.16

Rwanda

RWF

680.50

-0.66

Ghana

GHS

2.40

-1.35

BRVM

XOF

482.57

-0.49

Egypt

EGP

6.96

-0.20

Morocco

MAD

8.21

-0.40

Tunisia

TND

1.62

+1.53

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