Market Insight: May 09, 2014


Africa

•  General Electric to invest $1.3bn in gas-fired Ghana power plant
•  Zimbabwe’s economic recovery requires foreign re-engagement

Nigeria

•  ASI +14bps, $18.1m
•  Dull day although banks rallied (+60bps) driven higher by GTB (+1.17%) and Tier 2 names

Kenya

•  NSE20 +31bps, $24.82m
•  Large local cross in BATK the bulk of the volumes while chunky trading in EqBnk and Safcom

Botswana

•  DCI +24bps, $43k

Egypt

•  EGX30 -1.46%, $120m

Mauritius

•  Semdex +1bp, $4.12m

Zimbabwe

•  Ind -43bps, Mining unch, $2.48m

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.32

+1.58

Nigeria

NGN

160.95

-0.40

Kenya

KES

87.15

-0.98

Mauritius

MUR

29.90

+0.50

Botswana

BWP

8.68

+1.01

Tanzania

TZS

1647.00

-3.46

Uganda

TZSUGX

2523.00

+0.16

Rwanda

RWF

684.02

-1.17

Ghana

GHS

2.86

-16.96

BRVM

XOF

476.30

+0.82

Egypt

EGP

7.03

-1.27

Morocco

MAD

8.11

+0.80

Tunisia

TND

1.60

+2.01

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