Market Insight: March 11, 2013


Africa

•  Rwanda’s Kagame pursues investors with debut international bond
•  Ghana plans gradual easing in deficit even with downgrade threat
•  Tanzania government plans to buy Bharti’s stake in Tanzania telecoms
•  Mozambique Central Bank keeps benchmark interest at 9.5%

Nigeria

•  ASI +0.23%, $33.29mill
•  Bank stocks rallied on the last trading day of the week with the Bank10 Index gaining 0.442%

Kenya

•  NSE20 +1.60%, $4.7mill
•  Kenyatta elected president in vote challenged by rival

Botswana

•  DCI +11bps, $345k

Egypt

•  EGX30 +55bps, $28mill

Mauritius

•  Semdex +9bps, $1.2mill

South Africa

•  Top40 -7bps, $1.58bn

Zambia

•  LuSE Closed on Friday

Zimbabwe

•  Ind +58bps, mining unch, $670k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

9.11

-7.13

Nigeria

NGN

157.75

-1.01

Kenya

KES

86.25

-0.17

Mauritius

MUR

31.00

-1.45

Botswana

BWP

8.20

+5.37

Tanzania

TZS

1624.00

-2.40

Uganda

UGX

2658.00

+0.74

Rwanda

RWF

634.36

-0.46

Ghana

GHS

1.92

-0.88

BRVM

XOF

507.28

-1.57

Egypt

EGP

6.75

-5.81

Morocco

MAD

8.55

-1.12

Tunisia

TND

1.58

-2.04

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