Market Insight: June 11, 2013


Africa

•  Mozambique Central Bank cuts benchmark rate by 50bps to 9%

Nigeria

•  ASI +0.46%, $318.46m
•  Large cross in DangCem (Sold by Aliko Dangote to SA’s PIC) the main focal point while buying returns to the banks (+1.31%)
•  Finance Minister Okonjo-Iwaela says that “good monetary policy” is stabilizing the naira

Kenya

•  NSE20 -0.11%, $4.8m
•  Nairobi trading remains subdued as foreign participants largely quiet

Botswana

•  DCI -0.39%, $1.8m

Egypt

•  EGX30 -2.85%, $48m

Mauritius

•  Semdex -0.17%, $645k

South Africa

•  Top40 +0.39%, $1.4bn

Zambia

•  LuSE +0.07%, $23k

Zimbabwe

•  Ind +0.53%, Mining -4.01%, $1.4m

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.16

-16.57

Nigeria

NGN

159.00

-1.79

Kenya

KES

84.96

+1.34

Mauritius

MUR

31.00

-1.45

Botswana

BWP

8.66

+11.26

Tanzania

TZS

1635.00

-3.06

Uganda

UGX

2583.00

+3.67

Rwanda

RWF

650.50

-2.93

Ghana

GHS

2.00

-4.89

BRVM

XOF

497.90

+0.27

Egypt

EGP

6.99

-8.97

Morocco

MAD

8.43

+0.35

Tunisia

TND

1.63

-4.49

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