Market Insight: May 09, 2013


Africa

•  Zambia introduces new law to curb tax avoidance
•  Sweden looks to Africa to flee Europe’s “tough neighborhood”

Nigeria

•  ASI +1.93%, $31.38mill
•  Bank lead the market higher with the Bank 10 Index gaining 3.62%
•  UBA gained an impressive 9.49%
•  Aliko Dangote has secured $4.25bn for Nigeria oil refinery

Kenya

•  NSE20 +0.49%, $9.2mill
•  Very active day yesterday again with a large number of crosses taking place
•  Kenya Commercial Bank reported Q1 2013 earnings which saw EPS up 25% y/y

Botswana

•  DCI unch, $976

Egypt

•  EGX30 +58bps, $41mill

Mauritius

•  Semdex +63bps, $1.17mill

South Africa

•  Top40 +174bps, $1.61bn

Zambia

•  LuSE -23bps, $27k

Zimbabwe

•  Ind +278bps, mining +174bps, $760k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

9.01

-5.94

Nigeria

NGN

157.75

-1.01

Kenya

KES

83.80

+2.74

Mauritius

MUR

30.95

-1.29

Botswana

BWP

8.10

+4.05

Tanzania

TZS

1631.00

-2.82

Uganda

UGX

2555.00

+4.80

Rwanda

RWF

645.00

-2.10

Ghana

GHS

1.97

-3.40

BRVM

XOF

497.93

+0.27

Egypt

EGP

6.95

-8.44

Morocco

MAD

8.45

+0.01

Tunisia

TND

1.62

-4.30

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