Market Insight: March 22, 2012


Africa

•  Zimbabwe’s Biti says lack of trust undermining black empowerment
•  Tanzania’s gold exports jumped to $2.2bn in November
•  West Africa gas reserves may reach 500 trillion cubic feet
•  Egyptian security foiled Suez Canal terror plot

Nigeria

•  ASI +32bps, $19.04mill
•  Rather quiet day on the news front with trading dominated by a few large crosses
•  FCMB rallied to close limit up after coming under pressure for the last few sessions

Kenya

•  NSE20 +0.23%, $3.65mill
•  Flower export earnings seen falling on stronger Shilling
•  Kenya Airways weakens the most in a week on dilution concerns

Botswana

•  DCI +9bps, $23k

Egypt

•  EGX 30 +107bps, $61m

Mauritius

•  Semdex +8bps, $279k

South Africa

•  Closed for Human Rights Day

Zambia

•  LuSE -44bps, $1.57m

Zimbabwe

•  Ind +18bps, Mining unch, $768k
 

contacts
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