Market Insight: January 28, 2014


Africa

•  Angola Central Bank leaves benchmark rate unchanged at 9.25%
•  Zimbabwe plans to seize unused mining permits after 3 years if inactive

Nigeria

•  ASI -64bps, $23.8m
•  Banks remain under the whip (-2.95%) as Tier 1 names continue to get punished
•  Cocoa output expected to rise by 10% in 2013-14

Kenya

•  NSE20 -26bps, $15.1m
•  Despite reduced foreign activity the Nairobi bourse was humming yesterday. Big action in Safcom pushed the telco down by 1.1% to 12.35

Botswana

•  DCI +31bps, $139k

Egypt

•  EGX30 +55bps, $101m

Mauritius

•  Semdex -10bps, $4.7m

South Africa

•  Top40 -1.55%, $1.55bn

Zimbabwe

•  Ind -1.52%, Mining unch, $1.04m

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

11.16

-6.07

Nigeria

NGN

162.30

-1.23

Kenya

KES

85.90

+0.47

Mauritius

MUR

30.20

-0.50

Botswana

BWP

9.05

-3.32

Tanzania

TZS

1619.00

-1.79

Uganda

UGX

2477.00

+2.02

Rwanda

RWF

678.31

-0.34

Ghana

GHS

2.41

-1.47

BRVM

XOF

482.93

-0.57

Egypt

EGP

6.96

-0.21

Morocco

MAD

8.21

-0.46

Tunisia

TND

1.62

+1.72

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