Market Insight: June 16, 2014


Africa

•  South Africa’s credit rating cut to 1 level above junk by S&P while Fitch lowers outlook to negative
•  Congo Central Bank leaves benchmark rate unchanged at 2%
•  Bank of Ghana reverses some currency restrictions

Nigeria

•  ASI +70bps, $15.7m
•  Dull end to the week in Lagos

Kenya

•  NSE20 +53bps, $6.9m
•  Quiet day in Nairobi

Botswana

•  DCI unch, $106k

Mauritius

•  Semdex -24bps, $12.1m

Zimbabwe

•  Ind +17bps, $3.63m

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.78

-2.75

Nigeria

NGN

162.95

-1.63

Kenya

KES

87.90

-1.82

Mauritius

MUR

30.45

-1.31

Botswana

BWP

8.89

+1.63

Tanzania

TZS

1683.00

-5.53

Uganda

UGX

2575.00

-1.86

Rwanda

RWF

680.00

-0.59

Ghana

GHS

3.03

-21.75

BRVM

XOF

487.28

-1.45

Egypt

EGP

7.14

-2.82

Morocco

MAD

8.28

-1.18

Tunisia

TND

1.66

-1.20

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