Market Insight: June 07, 2012


Africa

•  IMF reaches agreement with Malawi on $157m in loans
•  Ghana to cut fuel subsidies and target poor
•  Ugandan economic growth may accelerate as rates fall, IMF says
•  Egypt’s Hosni Mubarak reportedly in worsening health after sentencing
•  Congo says army has killed 200 rebels

Nigeria

•  ASI -118bps, USD 8m
•  Extremely quiet day yesterday with most foreign participants absent
•  Suspected militants have killed an ex-police official

Kenya

•  NSE 20 -3bps, USD 4.20m
•  Activity once again driven by EABL thanks to a large cross
•  Nairobi Airport reopened after Egypt Air plane removed

Botswana

•  DCI +37bps, USD 4.5m

Egypt

•  EGX 30 -40bps, USD 24m

Mauritius

•  Semdex -20bps, USD 1.4m

South Africa

•  Top 40 +170bps, USD 1.9bn

Zambia

•  LuSE +64bps, USD 18k

Zimbabwe

•  Industrial Index +44bps, Mining Unch, USD 2.2m
 

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