Market Insight: June 14, 2012


African Currencies as at GMT 15:30

 
Country
Notation
Currency
 
South Africa
ZAR
8.3605
 
Nigeria
NGN
162.79
 
Kenya
KES
85.30
 
Mauritius
MUR
30.15
 
Botswana
BWP
7.758
 
Tanzania
TZS
1583
 
Uganda
UGX
2482
 
Rwanda
RWF
609.2573
 
Ghana
GHS
1.9225
 
BRVM
XOF
522.9751
 
Egypt
EGP
6.0477
 
Moroccan
MAD
8.7794
 
Tunisia
TND
1.6054

Africa

•  Last night’s press release was that of Securities Africa having completed their acquisition of Skye Stockbrokers in Nigeria
•  Ghana Central Bank raises benchmark interest rate less than forecast by 50bps to 15%
•  Karuturi seeking $100mill from development banks to finance sugar cane plantation in southwestern Ethiopia
•  Ethiopian government proposed 17% increase in budget

Nigeria

•  ASI +28bps, $6.61mill. Uneventful
•  SEC Head Arunma Oteh sent on “compulsory leave” to enable independent investigation into allegations of mismanagement

Kenya

•  NSE20 +1bp, $6.69mill. Very quiet except for some crosses in Equity Bankl
•  Sasini of Kenya to build hydropower plant

Botswana

•  DCI -2bps, $55k

Egypt

•  EGX30 -62bps, $45mill

Mauritius

•  Semdex +4bps, $745k

South Africa

•  Top40 +56bps, $1.18bn

Zambia

•  LuSE -2bps, $37k

Zimbabwe

•  Ind -48bps, Mining +29bps, $2.1mill
 

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