Market Insight: March 19, 2012

Africa

•  South Africa to probe increased unsecured lending from big banks amid concern over inflation and bad debts
•  Economic stability in Ghana means unlikely to seek more IMF loans after it receives last part of 3year package in June
•  Mauritius government preparing 10 year economic transformation plan
•  Guinea-Bissau goes to polls for 2nd time in 2 years in hopes that a new president will bring stability and development

Nigeria

•  ASI +66bps, $17.84mill. Banks (+186bps) find buying momentum after Access posts storng numbers (+5%, N6.53) while GTB posts solid numbers (+1.21%, N14.22)
•  Jaiz Islamic Bank nigeria plans to list on NSE within the next 3 years
•  Central Bank to announce interest rate decision on Tues 20 March, consensus is for unch 12% rate

Kenya

•  NSE20 -22bps, $4.48mill. EQBNK the main trader on its last day cum-div with vols going through at KES18.50
•  Electoral Commission sets 4 March 2013 as election date, first since 2007 vote was marred by violence

Botswana

•  DCI +3bps, $133k

Ghana

•  $246k

Mauritius

•  Semdex -12bps, $413k

South Africa

•  Top40 +21bps, $2.09bn

Zambia

•  LuSE -6bps, $24.8k

Zimbabwe

•  Ind -16bps, Mining unch, $4.5mill. Large cross in Delta at 70c boosting vols
 

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