Market Insight: Januray 29, 2012

Africa

•  Angola LNG said to delay first gas output to second quarter
•  Angola Central Bank cuts benchmark rate for first time in a year
•  Zimbabwe law may allow Mugabe to rule for another 10 years
•  Egypt protest flare for fifth day, opposition spurns talks

Nigeria

•  ASI -0.35%, $50.24mill
•  Activity boosted by a 357m share cross in ETI
•  Nigeria plans 12 air cargo terminals to boost farm exports

Kenya

•  NSE20 +0.54%, $4.2mill
•  Prime Minister Raila Odinga says that Kenya’s 35% mine ownership law should not be retroactive
•  Kenya sees tea export earning increasing on higher output
•  The November trade gap widened to 83.8bn Shillings vs 81.8bn Shillings a year ago

Botswana

•  DCI +27bps, $121k

Egypt

•  EGX30 -141bps, $48mill

Mauritius

•  Semdex +12bps, $883k

South Africa

•  Top40 +26bps, $1.23bn

Zambia

•  LuSE +78bps, $68k

Zimbabwe

•  Ind +184bps, mining +187bps, $1.48mill

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

9.11

-7.01

Nigeria

NGN

157.10

-0.60

Kenya

KES

87.55

-1.66

Mauritius

MUR

30.40

+0.49

Botswana

BWP

8.08

+3.84

Tanzania

TZS

1610.00

-1.55

Uganda

UGX

2670.00

+0.29

Rwanda

RWF

631.90

-0.07

Ghana

GHS

1.90

+0.16

BRVM

XOF

490.16

+1.80

Egypt

EGP

6.65

-4.39

Morocco

MAD

8.33

+1.52

Tunisia

TND

1.54

-0.38

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