Market Insight: June 21, 2013

Africa

•  Yields on African dollar bonds soar after Fed announcement as well as Nigeria marketing second sale of international debt
•  Egypt Central Bank keeps benchmark interest rate unchanged at 9.75% as inflation steadies
•  Fitch says MTN exposed to greater risk on African expansion plan
•  Angola wins World Bank praise for improving transparency

Nigeria

•  ASI -0.47%, $31.3m
•  Profit taking in the banks (-1.87%) the most notable while the consumer sector (+6bps) witnessed the biggest volumes

Kenya

•  NSE20 +0.17%, $9.7m
•  Another upbeat day with foreign buying driving the positive sentiment. The banks, Equity Bank and KCB both had strong days, +4.7% and +2.6% respectively
•  President Kenyatta’s ICC Hague trial delayed by 4 months and due to start on 12 Nov
•  Kenyan new vehicle sales climb to 1,321 in May (vs 1,110 12 months ago)

Botswana

•  DCI +0.03%, $467k

Egypt

•  EGX30 -1.24%, $49m

Mauritius

•  Semdex -0.12%, $436k

South Africa

•  Top40 -3.28%, $2.59bn

Zambia

•  LuSE +0.14%, $5k

Zimbabwe

•  Ind -0.52%, Mining -1.8%, $1.2m

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.23

-17.19

Nigeria

NGN

161.10

-3.07

Kenya

KES

85.72

+0.44

Mauritius

MUR

30.95

-1.29

Botswana

BWP

8.68

+11.60

Tanzania

TZS

1639.50

-3.32

Uganda

UGX

2605.00

+2.79

Rwanda

RWF

650.50

-2.93

Ghana

GHS

2.00

-5.23

BRVM

XOF

499.32

unch

Egypt

EGP

7.00

-9.15

Morocco

MAD

8.45

+0.10

Tunisia

TND

1.63

-5.04

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