Market Insight: March 20, 2013


Africa

•  Gazprom said to seek stake in Eni’s gas assets in Mozambique
•  Zimbabweans approve constitution to set up fresh elections
•  Zimbabwe charges Tsvangirai’s aides with breaching secrecy act

Nigeria

•  ASI +0.17%, $18.62mill
•  Central Bank keeps benchmark rate at record 12% to bolster Naira
•  Jonathan still plans to eliminate gasoline subsidy
•  Naira erases loss as Central Bank says it can sell more Dollars

Kenya

•  NSE20 -0.12%, $8.5mill
•  Local investors dominated trading yesterday

Botswana

•  DCI +13bps, $43k

Egypt

•  EGX30 +88bps, $43mill

Mauritius

•  Semdex -19bps, $1.5mill

South Africa

•  Top40 -40bps, $1.90bn

Zambia

•  LuSE -13bps, $7.3k

Zimbabwe

•  Ind -39bps, mining unch, $1.29mill

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

9.25

-8.40

Nigeria

NGN

158.63

-1.56

Kenya

KES

85.50

+0.70

Mauritius

MUR

31.15

-1.93

Botswana

BWP

8.23

+5.81

Tanzania

TZS

1625.00

-2.46

Uganda

UGX

2627.00

+1.93

Rwanda

RWF

635.3474

-0.61

Ghana

GHS

1.93

-1.65

BRVM

XOF

509.18

-1.95

Egypt

EGP

6.78

-6.26

Morocco

MAD

8.58

-1.55

Tunisia

TND

1.58

-1.83

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