Market Insight: May 08, 2013

Africa

•  Zambian Finance Minister says the country must avoid unsustainable regime of subsidies
•  Kosmos Energy to spend as much as $1bn in 2 years to develop Ghana oilfields

Nigeria

•  ASI -0.35%, $29.35m
•  Block action again dominating the day as banks rally (+1.06%)
•  Sanusi says outlook for Nigerian foreign reserves is mixed due to lower than expected oil output and falling prices
•  Aliko Dangote says they have secured $4.25bn for oil refinery
•  First Bank plans to issue $500mill Eurobond this year

Kenya

•  NSE20 +0.73%, $11.5m
•  Foreign purchasing driving both volumes and performance
•  Central Bank cuts interest rates by 100bps (bigger than expected) to support economy

Botswana

•  DCI unch, $403k

Egypt

•  EGX30 +1.82%, $52.5m

Mauritius

•  Semdex +0.03%, $1.24m

South Africa

•  Top40 +0.04%, $1.82bn

Zambia

•  LuSE +0.14%, $109k

Zimbabwe

•  Ind +1.35%, Mining +1.25%, $460k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

9.08

-6.04

Nigeria

NGN

158.00

-1.17

Kenya

KES

83.95

+2.56

Mauritius

MUR

31.00

-1.45

Botswana

BWP

8.14

+4.56

Tanzania

TZS

1630.00

-2.76

Uganda

UGX

2557.00

+4.72

Rwanda

RWF

646.00

-2.25

Ghana

GHS

1.98

-3.91

BRVM

XOF

501.30

-.41

Egypt

EGP

6.94

-8.33

Morocco

MAD

8.51

+0.57

Tunisia

TND

1.63

-4.65

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