Market Insight: May 08, 2012

Africa

•  As expected, Malawi devalues kwacha by 33% in effort to end dollar shortage and unblock aid
•  Africa Oil Corp surges to 15 year high as additional oil discovered in Kenya
•  Mauritian annual inflation rate little changed at 3.84% in April
•  Tanzanian economic growth slows as electricity output drops

Nigeria

•  ASI -28bps, $39mill. Banks still the most active although profit taking evident (Zenith -4.06%, GTB -2%) while NB also closed down (-2.37%)
•  Tiger Brands says is in talks to buy stake in Dangote Flour

Kenya

•  - NSE20 -33bps, $5.7mill
•  - KenolKobil to sell majority stake to Puma Energy

Botswana

•  DCI +39bps, $3.65mill

Egypt

•  EGX30 +1.09%, $80mill

Mauritius

•  Semdex -12bps, $524k

South Africa

•  ALSI -56bps, $696mill

Zambia

•  LuSE -16bps, $19k

Zimbabwe

•  Ind +36bps, Mining -90bps, $1.08mill
 

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