Market Insight: June 02, 2014


Nigeria

•  ASI -25bps, $34.7m
•  Profit taking in the banks continued (-1.01%) while consumers (+15bps) still in demand
•  Godwin Emefiele takes over as Central Bank governor
•  Nigeria introduces new rules for production and use of cement threatening local profit margins
•  Lafarge Africa is to transfer all its businesses in Nigeria and South Africa to Lafarge Cement WAPCO Nigeria and rename the company Lafarge Africa Plc

Kenya

•  NSE20 -30bps, $21.73m
•  Strong activity from foreigners

Botswana

•  DCI +82bps, $5.7m

Egypt

•  EGX30 -65bps, $88m

Mauritius

•  Semdex +10bps, $6.5m

Zimbabwe

•  Ind +70bps, $1.18m

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.73

-2.22

Nigeria

NGN

162.51

-1.36

Kenya

KES

87.60

-1.48

Mauritius

MUR

30.12

-0.25

Botswana

BWP

8.86

-1.27

Tanzania

TZS

1650.00

-3.64

Uganda

UGX

2533.00

-0.24

Rwanda

RWF

681.00

-0.73

Ghana

GHS

3.10

-23.39

BRVM

XOF

484.47

-0.89

Egypt

EGP

7.15

-2.85

Morocco

MAD

8.24

-0.71

Tunisia

TND

1.63

+0.95

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