Market Insight: March 18, 2014


Africa

•  Antwerp aims to sell 12 million carats of gems from Zimbabwe
•  Zimbabwe’s PGI announces further financial restructure
•  Ghana’s president says power rationing temporary
•  Zambia’s Kwacha retreats third day to record low versus Dollar

Nigeria

•  ASI -0.74%, $15mill
•  Very slow start to the week yesterday
•  Nigeria to add 400m cubic ft/day gas to power plants by year end

Kenya

•  NSE20 -1.23%, $4.9mill
•  Rather quiet in Nairobi yesterday as locals dominated trading

Botswana

•  DCI -67bps, $46k

Egypt

•  EGX30 +43bps, $119mill

Mauritius

•  Semdex -19bps, $2.17mill

South Africa

•  Top40 +95bps, $1.59bn

Zimbabwe

•  Ind -20bps, mining unch, $430k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.73

-2.33

Nigeria

NGN

164.60

-2.61

Kenya

KES

86.46

-0.19

Mauritius

MUR

29.90

+0.50

Botswana

BWP

8.81

-0.79

Tanzania

TZS

1636.00

-2.81

Uganda

UGX

2516.63

+0.41

Rwanda

RWF

680.50

-0.66

Ghana

GHS

2.58

-8.17

BRVM

XOF

473.86

+1.34

Egypt

EGP

6.95

-0.14

Morocco

MAD

8.07

+1.41

Tunisia

TND

1.57

+4.70

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