Market Insight: March 31, 2014


Africa

•  Zambia raises benchmark interest rate to record high of 12% in efforts to stem currency weakness and contain inflation

Nigeria

•  ASI +38bps, $25.34m
•  Consumers (+61bps) drove both the direction and turnover with Guinness (+5%) and Nestle (+2.44%) the leading lights. Banks lost -1.92% although mostly on back of GTB (-5.62%) as the stock went ex-div

Kenya

•  NSE20 +28bps, $10.3m
•  Foreign trading in EABL dominating the day

Botswana

•  DCI +3bps, $4.82m

Egypt

•  Closed

Mauritius

•  Semdex +29bps, $10.75m

Zimbabwe

•  Ind +70bps, Mining unch, $404k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.58

-0.96

Nigeria

NGN

164.95

-2.82

Kenya

KES

86.62

-0.37

Mauritius

MUR

30.10

-0.17

Botswana

BWP

8.78

-0.48

Tanzania

TZS

1636.00

-2.81

Uganda

TZSUGX

2550.00

-0.90

Rwanda

RWF

681.51

-0.24

Ghana

GHS

2.69

-11.75

BRVM

XOF

479.54

+0.14

Egypt

EGP

6.96

-0.28

Morocco

MAD

8.16

+0.33

Tunisia

TND

1.59

+3.99

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