Market Insight: July 02, 2014


Africa

•  Zimbabwe wants 2015 FDI to double as ownership law clarified
•  Spectacular crackdown makes winner of Zambia’s Kwacha

Nigeria

•  ASI +30bps, $30.7mill
•  Crosses in Access ($5.20m) and Zenith ($4.43m) drove activity

Kenya

•  NSE20 +84bps, $8.0mill
•  An increase in foreign activity propped up activity
•  Britam announced that it intends to buy 57,270,000 shares of Housing Finance

Botswana

•  Closed yesterday

Egypt

•  Closed yesterday

Mauritius

•  Semdex +32bps, $1.6mill

Zimbabwe

•  Ind -4bps, $979k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.66

-1.78

Nigeria

NGN

162.76

-1.51

Kenya

KES

87.85

-1.76

Mauritius

MUR

30.22

unch

Botswana

BWP

8.81

-0.70

Tanzania

TZS

1655.00

-3.93

Uganda

UGX

2610.00

-3.18

Rwanda

RWF

683.61

-1.11

Ghana

GHS

3.45

-31.16

BRVM

XOF

482.36

-0.47

Egypt

EGP

7.15

-2.86

Morocco

MAD

8.21

-0.37

Tunisia

TND

1.68

-2.10

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