Market Insight: January 03, 2012


Africa

•  OTMT (new entity split from ORTE) to list on EGX screens from today

Nigeria

•  ASI -21bps, $55.37mill. Bookover in FBN $48mill of the days vols, while an otherwise quiet day
•  Nigeria scraps gas subsidy consuming 25% of government outlays

Kenya

•  ASI +1bp, $865k, quiet day to close the year

Egypt

•  Egypt cancels debt sale on high cost after delaying IMF talks

Uganda

•  Ugandan inflation slows to 27% in Dec
 

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