Market Insight: May 04, 2012

Africa

•  Zimbabwe to Finish Black Mining Ownership Plan by End of May
•  Egypt Presidential Hopefuls Suspend Campaign After Cairo Clashes
•  South African ANC Youth League Backs Cosatu’s Vavi, Sowetan Says

Nigeria: ASI +0.84%, Vols USD 30m

•  Another strong rally led by the banks
•  Zenith Q1 results were in-line with expectations and the general trend thus far, strong growth in top and bottom line
•  Nigeria Market Attack Kills 40, as Police Suspect Militants

Kenya: NSE 20 +1.24%, Vols USD 6.15m

•  Active day again in Kenya
•  EABL was very active with large crosses prevalent
•  The Central Bank decided to leave rates unchanged at 18%

Botswana

•  DCI +0.04%, FCI -0.02, Vols USD 179k

Egypt

•  EGX 30 +0.46%, Vols USD 52m

Mauritius

•  Semdex +0.01%, Sem-7 -0.08%, Vols USD 660k

South Africa

•  All Share -0.31%, Vols USD 1.47bn

Zambia

•  LuSE +0.08%, Vols USD 210k

Zimbabwe

•  Industrial +1.16%, Mining -1.78%, Vols USD 2.2m
 

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