Market Insight: January 29, 2014

Africa

•  Senegal’s Sall targets 7% annual growth by bolstering mining
•  Bank of Ghana plans measure to stabilize Cedi by end of February

Nigeria

•  ASI -1.11%, $31.07mill
•  Banks continue to come under pressure with the Bank Index falling -2.59%
•  Zenith ($6.93m) once again drove activity yesterday
•  Nigeria Central Bank to shift reserves into Yuan from Dollars

Kenya

•  NSE20 -0.35%, $10mill
•  A cross in Diamond Trust Bank ($2m) drove activity yesterday
•  Some profit taking in Safcom as the telco fell -2.4%
•  Kenya’s energy bonanza fans violence in arid northern region

Botswana

•  DCI +21bps, $298k

Egypt

•  EGX30 +153bps, $213mill

Mauritius

•  Semdex -36bps, $1.95mill

South Africa

•  Top40 -1bps, $1.46bn

Zimbabwe

•  Ind -181bps, mining -220bps, $1.05mill

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

11.05

-5.04

Nigeria

NGN

162.24

-1.20

Kenya

KES

86.01

+0.33

Mauritius

MUR

30.30

-0.83

Botswana

BWP

9.01

-2.93

Tanzania

TZS

1621.00

-1.91

Uganda

UGX

2484.83

+1.70

Rwanda

RWF

674.37

+0.24

Ghana

GHS

2.42

-2.06

BRVM

XOF

479.83

+0.07

Egypt

EGP

6.96

-0.24

Morocco

MAD

8.21

-0.43

Tunisia

TND

1.61

+1.67

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