Market Insight: March 13, 2014


Africa

•  Repsol to spend $95m drilling in Namibia, government says
•  Ecobank replaces CEO amid questions on corporate governance
•  Ghana’s PBC cuts loans from Cocobod on rising borrowing cost

Nigeria

•  ASI -0.30%, $19.47mill
•  Rather uneventful day yesterday with banks dominating activity

Kenya

•  NSE20 +0.41%, $9.5mill
•  A large cross on NMG (90% foreign on both sides) drove activity
•  Kenya invites Ethiopian companies to list on Nairobi exchange

Botswana

•  DCI -33bps, $6.69mill

Egypt

•  EGX30 -15bps, $171mill

Mauritius

•  Closed yesterday

South Africa

•  Top40 -104bps, $1.64bn

Zimbabwe

•  Ind -50bps, mining -349bps, $620k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.86

-3.40

Nigeria

NGN

165.02

-2.86

Kenya

KES

86.45

-0.17

Mauritius

MUR

29.95

+0.33

Botswana

BWP

8.91

-1.88

Tanzania

TZS

1630.00

-2.45

Uganda

UGX

2520.00

+0.28

Rwanda

RWF

681.51

-0.81

Ghana

GHS

2.67

-11.05

BRVM

XOF

473.79

+1.34

Egypt

EGP

6.95

-0.17

Morocco

MAD

8.10

+0.92

Tunisia

TND

1.57

+4.66

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