Market Insight: June 12, 2012


African Currencies as at GMT 15:30

 
Country
Notation
Currency
 
South Africa
ZAR
8.4382
 
Nigeria
NGN
162.85
 
Kenya
KES
84.75
 
Mauritius
MUR
30.05
 
Botswana
BWP
7.8034
 
Tanzania
TZS
1587
 
Uganda
UGX
2490
 
Rwanda
RWF
609.2114
 
Ghana
GHS
1.9025
 
BRVM
XOF
527.5352
 
Egypt
EGP
6.0386
 
Morocco
MAD
8.8465
 
Tunisia
TND
1.6122

Africa

•  Mauritius Central Bank keeps benchmark rate unchanged at 4.9% after announcing steps to help companies deal with effects of Euro crisis
•  Namibia plans to raise $236mill of bonds in Johannesburg to help fund its budget
•  African Union moves Summit from Malawi to Ethiopia

Nigeria

•  ASI +1.34%, $7.84mill. Dead as a doornail in Lagos, doesn’t give much substance to the strong performance
•  Nigeria sets up panel to probe Aviation Regulator and airlines after fatal Dana Airlines crash

Kenya

•  NSE20 +48bps, $1.92mill
•  Equity Bank to start operations in Somalia
•  CIC Insurance postpones listing date from 19 June until a later unspecified date

Botswana

•  DCI -2bps, $99k

Egypt

•  EGX30 -1.73%, $27mill

Mauritius

•  Semdex -9bps, $537k

South Africa

•  Top40 -16bps, $1.1bn

Zambia

•  LuSE -60bps, $13k

Zimbabwe

•  Ind -6bps, Mining +1.35%, $555k
 

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