Market Insight: March 01, 2013


Africa

•  Tunisia Government debt rating cut to junk by Moody’s
•  Uganda’s inflation slowest in 26 months (3.4%) as some food prices fall

Nigeria

•  ASI -1.97%, $47.46mill
•  Extremely active day yesterday with crosses in the likes of NB, Nestle and Unilever early on
•  Consumers came under serious pressure yesterday

Kenya

•  NSE20 +0.1%, 2.9mill
•  Rather quiet day yesterday with elections looming on the horizon
•  Slew of results yesterday with the likes of EQBNK, KNCB, CO-OP, BMBC and BATK all posting numbers
•  Please note that the Kenyan market will be closed on Monday and Tuesday due to elections

Botswana

•  DCI +12bps, $430k

Egypt

•  EGX30 -48bps, $46mill

Mauritius

•  Semdex +14bps, $1.62mill

South Africa

•  Top40 +115bps, $1.80bn

Zambia

•  LuSE +69bps, $65k

Zimbabwe

•  Ind -64bps, mining -3.56bps, $3.96mill

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

8.98

-5.73

Nigeria

NGN

158.55

-1.51

Kenya

KES

86.07

+0.03

Mauritius

MUR

30.70

-0.49

Botswana

BWP

8.09

+3.93

Tanzania

TZS

1622.00

-2.28

Uganda

UGX

2651.08

+1.01

Rwanda

RWF

634.16

-0.43

Ghana

GHS

1.92

-0.81

BRVM

XOF

503.21

-0.81

Egypt

EGP

6.74

-5.60

Morocco

MAD

8.50

-0.61

Tunisia

TND

1.57

-1.57

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