Market Insight: January 30, 2014


Africa

•  World Bank lowers Rwanda economic growth forecast after aid cuts

Nigeria

•  ASI -97bps, $18.2m
•  Banks continue to slide (-1.06%) with consumers (-78bps) following suit. Oando (-9.7%) and Wapco (-5%) had a torrid day

Kenya

•  NSE20 -89bps, $11.6m
•  Foreign selling pushed the NSE lower with the large caps all soft (Safcom -1.7%, EABL -70bps, KNCB -1.6%, EqBnk -2.3%)

Botswana

•  DCI +25bps, $65k

Egypt

•  EGX30 +8bps, $109m

Mauritius

•  Semdex -41bps, $2.1m

South Africa

•  Top40 -27bps, $2.16bn

Zimbabwe

•  Ind -40bps, Mining +95bps, $22.77m

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

11.24

-6.73

Nigeria

NGN

162.87

-1.58

Kenya

KES

86.10

+0.23

Mauritius

MUR

30.20

-0.50

Botswana

BWP

9.09

-3.72

Tanzania

TZS

1613.00

-1.43

Uganda

UGX

2465.66

+2.49

Rwanda

RWF

681.68

-0.83

Ghana

GHS

2.42

-1.92

BRVM

XOF

482.99

-0.58

Egypt

EGP

6.96

-0.25

Morocco

MAD

8.22

-0.56

Tunisia

TND

1.60

+2.48

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