Market Insight: June 28, 2012


African Currencies as at GMT 15:30

 
Country
Notation
Currency
 
South Africa
ZAR
8.4249
 
Nigeria
NGN
162.625
 
Kenya
KES
84.05
 
Mauritius
MUR
30.6
 
Botswana
BWP
7.8035
 
Tanzania
TZS
1580
 
Uganda
UGX
2470
 
Rwanda
RWF
604.2551
 
Ghana
GHS
1.9345
 
BRVM
XOF
529.575
 
Egypt
EGP
6.0623
 
Morocco
MAD
8.8696
 
Tunisia
TND
1.587

Africa

•  Ghana economic growth drops to 8.7% as oil output declines

Nigeria

•  ASI +1.06%, $109.8mill. Besides the $100mill cross in UBN (UGPL sold to AMCON) the market was very subdued

Kenya

•  NSE20 +2bps, $9.01mill. Activity centered on Equity Bank with foreign action on both sides, the name closed down 3.45% at KES21
•  Kenya’s Industrial Court blocks KenolKobil from implementing a takeover by Puma Energy after a group of employees argued that the transaction may change their employment status
•  CMA penalizes Centum for failing to issue a profit warning before announcing 48.4% drop in full-year net profit

Botswana

•  DCI -1bp, $561k

Egypt

•  EGX30 +35bps, $65mill

Mauritius

•  Semdex -43bps, $441k

South Africa

•  Top40 -37bps, $1.39bn

Zambia

•  LuSE unch, $8k

Zimbabwe

•  Ind -14bps, Mining +2.5%, $1.5mill
 

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