Market Insight: June 27, 2013


Africa

•  Ghana’s economy grew 6.7% in Q1 as inflation rises
•  Tanzania upgrades Dar es Salaam port to compete with Mombasa
•  Zimbabwean court delays ruling on election date indefinitely

Nigeria

•  ASI +0.97%, $36.94mill
•  Banking stocks led the charge higher yesterday with the Bank 10 Index gaining 2.60%
•  Consumers were also stronger with the Consumer Goods Index gaining 1.10%

Kenya

•  NSE20 -0.83%, $5.8mill
•  No real action yesterday as things were rather slow with profit taking continuing
•  Moody’s sees Africa focused investors anxious to buy Kenya bonds

Botswana

•  DCI +43bps, $2.68mill

Egypt

•  EGX30 +237bps, $26mill

Mauritius

•  Semdex -41bps, $1.20

South Africa

•  Top40 +114bps, $1.65bn

Zambia

•  LuSE unch, $347k

Zimbabwe

•  Ind -38bps, mining unch, $950k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.12

-16.28

Nigeria

NGN

161.30

-3.19

Kenya

KES

85.95

+0.17

Mauritius

MUR

31.05

-1.61

Botswana

BWP

8.63

+10.98

Tanzania

TZS

1617.00

-1.98

Uganda

UGX

2595.00

+3.19

Rwanda

RWF

640.00

-1.33

Ghana

GHS

2.03

-6.41

BRVM

XOF

507.12

-1.56

Egypt

EGP

7.01

-9.28

Morocco

MAD

8.56

-1.19

Tunisia

TND

1.65

-6.08

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