Market Insight: March 29, 2012

Africa

•  South Africa credit rating cut to negative by S&P
•  Rwandan cement company plans $105m loan to fund new plant
•  South Sudan withdraws its forces from oil-rich Heglig area

Nigeria

•  ASI +29bps, $15.15mill
•  Banks dominate trading with Zenith and GTB being the most active
•  Naira falls to 157.7 after crude exporting companies reduce Dollar sales

Kenya

•  NSE20 +83bps, $3.60mill
•  EABL dominates trading with two large crosses
•  The two big banks EQBNK and KNCB once again amongst the most active stocks
•  Athi River Mining rallies 1.25% to 162 on thin volume after reporting a 31% increase in turnover

Botswana

•  DCI -10bps, $191k

Egypt

•  EGX 30 +110bps, $79m

Ghana

•  $38k

Mauritius

•  Semdex +34bps, $2.3m

South Africa

•  Top40 -81bps, $1.39bn

Zambia

•  LuSE -51bps, $520k

Zimbabwe

•  Ind -89bps, Mining -65bps, $3.8m. Special bargain of 830,000 Econet at 3.80
 

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