Market Insight: July 11, 2013


Africa

•  Egypt default swaps drop most since 2011 on $12bn aid from Saudi Arabia, UAE and Kuwait
•  Ghana inflation rises for a fifth month as cedi weakens and pushes up cost of imports

Nigeria

•  ASI +0.31%, $20.11m
•  Banks (+20bps) lead the bulls with GTB (+1.53%) the main reason for the strength

Kenya

•  NSE20 +0.87%, $6.5m
•  Strong foreign demand for EABL, BCBL and KNCB drive the NSE20 higher
•  Kenya signs $23m grant agreement with Japan to improve water access for 140k residents in Great Rift Valley

Botswana

•  DCI +0.03%, $159k

Egypt

•  EGX30 +0.66%, $73m

Mauritius

•  Semdex -0.37%, $1.13m

South Africa

•  Top40 -0.34%, $1.06bn

Zambia

•  LuSE +1.17%, $186k

Zimbabwe

•  Ind +1.45%, Mining unch, $2.45m

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.06

-15.81

Nigeria

NGN

161.10

-3.07

Kenya

KES

86.75

-0.75

Mauritius

MUR

31.25

-2.24

Botswana

BWP

8.67

+11.48

Tanzania

TZS

1623.00

-2.34

Uganda

UGX

2592.63

+3.28

Rwanda

RWF

648.79

-2.67

Ghana

GHS

2.04

-6.87

BRVM

XOF

510.17

-2.14

Egypt

EGP

7.01

-9.24

Morocco

MAD

8.64

-2.07

Tunisia

TND

1.67

-7.47

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