Market Insight: March 03, 2014


Nigeria

•  ASI +1.73%, $79.7m
•  Massive cross in NB (approx. $50m) dominated a lively day. Banks gained 1.36% with late surge in GTB (+4.5%) the main outperformer while consumers up 3.3% on back of strength in NB, Guinness, Unilever and Nestle
•  South Africa’s PIC asks for Ecobank CEO Tanoh to resign

Kenya

•  NSE20 +36bps, $11.7m
•  EABL blocks the main focus while major banks mixed after reporting numbers (KNCB -2.2%, EqBnk +80bps)

Botswana

•  DCI +7bps, $27k

Egypt

•  Closed

Mauritius

•  Semdex -23bps, $960k

South Africa

•  Top40 +53bps, $1.91bn

Zimbabwe

•  Ind +23bps, Mining unch, $650k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.72

-2.20

Nigeria

NGN

164.75

-2.70

Kenya

KES

86.25

+0.06

Mauritius

MUR

30.00

+0.17

Botswana

BWP

8.84

-0.96

Tanzania

TZS

1625.00

-2.15

Uganda

UGX

2534.00

-0.28

Rwanda

RWF

682.53

-0.96

Ghana

GHS

2.58

-7.95

BRVM

XOF

478.50

+0.39

Egypt

EGP

6.96

-0.19

Morocco

MAD

8.15

+0.47

Tunisia

TND

1.57

+4.27

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