Market Insight: May 09, 2012

Africa

• ABC Holdings of Botswana to raise $50m in rights offer
• DEG of Germany acquires 12% of Ghana’s UT Bank
• European Union seeking to ‘normalize’ relations with Zimbabwe. Mauritian annual inflation rate little changed at 3.84% in April
•  Tanzanian economic growth slows as electricity output drops

Nigeria

• ASI +0.37%, Vols USD 27m. After profit taking in the previous session the bulls won this session. The banking sector was the main drag but there were some strong performers in the sector
•  Dangote Flour had another strong session +4.84% still on the back of the Tiger Brands news
•  Nigerian police defuse three bombs at university in Kano

Kenya

•  Kenya: NSE 20 unch, Vols USD 7.92m
•  A session that was dominated by activity in EABL (40% of turnover). Scom was -10% down at one stage but on small vols before closing at KES3.35
•  Kenyan current account deficit surged to $4.44bn in January
•  Scom takes rivals to court over debt

Botswana

•  DCI +0.04%, Vols USD 91k

Egypt

•  EGX 30 +0.56%, Vols USD 64m

Mauritius

•  Semdex +0.28%, Vols USD 551k

South Africa

•  All Share -1.33%, Vols USD 1.30bn

Zambia

•  LuSE -0.07%, Vols USD 16k

Zimbabwe

•  Industrial -0.23%, Mining unch, Vols USD 2.10m
 

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