Market Insight: July 03, 2013


Africa

•  Ecobank plans to hire investment bank head to tap African growth
•  Egypt’s Mursi faces growing pressure from military ultimatum

Nigeria

•  ASI +0.59%, $18.41mill
•  Another slow day yesterday with most market participants on the sidelines
•  Banks bounced with the Bank 10 Index gaining 2.0%
•  Portland Paint jumped to a month high on UACN takeover

Kenya

•  NSE20 -0.38%, $5.2mill
•  A few large crosses in Safcom drove activity
•  Kenya delays target for 3m tourist arrivals by two years to 2017

Botswana

•  DCI unch, $2.65mill

Egypt

•  EGX30 +494bps, $72mill

Mauritius

•  Semdex -4bps, $466k

South Africa

•  Top40 -32bps, $1.17bn

Zambia

•  Closed yesterday

Zimbabwe

•  Ind -87bps, mining -62bps, $600k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

9.91

-14.59

Nigeria

NGN

160.40

-2.65

Kenya

KES

85.80

+0.35

Mauritius

MUR

31.00

-1.45

Botswana

BWP

8.58

+10.31

Tanzania

TZS

1635.00

-3.06

Uganda

UGX

2580.00

+3.79

Rwanda

RWF

650.00

-2.85

Ghana

GHS

2.02

-5.87

BRVM

XOF

505.66

-1.26

Egypt

EGP

7.01

-9.32

Morocco

MAD

8.54

-0.96

Tunisia

TND

1.65

-5.83

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