Market Insight: March 14, 2014


Africa

•  Zimbabwe seeks help from China to develop platinum refinery
•  Mozambique hopes peaceful election will bolster tourism industry
•  Zambia targets growth rebound after farm output lowers 2013 rate
•  Zambia president fires deputy home affairs minister Kansembe

Nigeria

•  ASI -1.65%, $11.35mill
•  From bad to worse yesterday as liquidity all but dried up
•  Banks (-2.71%) and Consumers (-1.11%) both came under pressure

Kenya

•  NSE20 +0.50%, $6.4mill
•  Foreign demand in Safcom drove activity

Botswana

•  DCI -56bps, $136k

Egypt

•  EGX30 +53bps, $201mill

Mauritius

•  Semdex -24bps, $879k

South Africa

•  Top40 -93bps, $1.51bn

Zimbabwe

•  Ind +5bps, mining unch, $800k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.75

-2.43

Nigeria

NGN

164.65

-2.64

Kenya

KES

86.48

-0.21

Mauritius

MUR

29.85

+0.67

Botswana

BWP

8.82

-0.79

Tanzania

TZS

1630.00

-2.45

Uganda

UGX

2516.13

+0.43

Rwanda

RWF

682.57

-0.96

Ghana

GHS

2.67

-11.05

BRVM

XOF

473.76

+1.35

Egypt

EGP

6.96

-0.18

Morocco

MAD

8.08

+1.13

Tunisia

TND

1.57

+4.78

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