Market Insight: July 09, 2014


Africa

•  Djibouti scraps DP world terminal concessions citing corruption
•  Malawi cuts benchmark interest rate to 22.5% from 25%

Nigeria

•  ASI +24bps, $31.7mill
•  Crosses in FBNH ($6.04m) and DangCem ($5.17m) were the highlights of the day

Kenya

•  NSE20 +15bps, $17.8mill
•  Foreigners (70%) continued to dominate proceedings yesterday
•  Safcom was the day’s most active counter as the telco accounted for 55.4% of turnover

Botswana

•  DCI unch, $67k

Egypt

•  EGX30 +141bps, $103mill

Mauritius

•  Semdex -36bps, $1.84mill

Zimbabwe

•  Ind +41bps, $2.12mill

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.69

-1.80

Nigeria

NGN

160.28

+0.02

Kenya

KES

87.81

-1.72

Mauritius

MUR

30.25

-0.66

Botswana

BWP

8.83

-1.01

Tanzania

TZS

1665.00

-4.50

Uganda

UGX

2645.00

-4.46

Rwanda

RWF

680.50

-0.60

Ghana

GHS

3.34

-28.90

BRVM

XOF

484.86

-0.97

Egypt

EGP

7.15

-2.84

Morocco

MAD

8.24

-0.60

Tunisia

TND

1.69

-2.72

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