Market Insight: June 10, 2014


Africa

•  Ghana’s Central Bank is printing money to help finance budget deficit

Nigeria

•  ASI +19bps, $22.3m
•  Banking stocks strong (+1.95%) on back of Tier 1 strength
•  Nigeria plans to amend investment rules to channel more of $26bn pension money into corporate bonds

Kenya

•  NSE20 -25bps, $10m
•  Crossing in EABL the bulk of the activity

Botswana

•  DCI -1bp, $46k

Egypt

•  EGX30 +1.12%, $148m

Mauritius

•  Semdex +5bps, $330k

Zimbabwe

•  Ind -38bps, $1.18m

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.62

-1.26

Nigeria

NGN

163.29

-1.83

Kenya

KES

87.56

-1.43

Mauritius

MUR

30.25

-0.66

Botswana

BWP

8.82

-.74

Tanzania

TZS

1686.00

-5.69

Uganda

UGX

2558.00

-1.21

Rwanda

RWF

690.02

-2.03

Ghana

GHS

3.09

-23.14

BRVM

XOF

482.87

-0.56

Egypt

EGP

7.15

-2.87

Morocco

MAD

8.25

-0.86

Tunisia

TND

1.63

+0.30

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