Market Insight: May 14, 2014


Africa

•  Ghana may have to ration power until 2015
•  IMF says Ghana may need further monetary policy tightening
•  Zimbabwe to act against Duration Gold on black-ownership laws

Nigeria

•  ASI +102bps, $19.52mill
•  Not much on the go activity wise yesterday
•  Banks were very strong with the Index gaining +2.36%

Kenya

•  NSE20 -5bps, $12.67mill
•  Foreign participation in EQBNK drove activity yesterday
•  Safcom to boost investment in Kenyan 4G network rollout

Botswana

•  DCI +20bps, $832k

Egypt

•  EGX30 +77bps, $113mill

Mauritius

•  Semdex +15bps, $2.8mill

Zimbabwe

•  Ind -53bps, $3.19mill

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.32

+1.62

Nigeria

NGN

162.40

-1.29

Kenya

KES

87.25

-1.09

Mauritius

MUR

30.15

-0.33

Botswana

BWP

8.64

+1.22

Tanzania

TZS

1650.00

-3.64

Uganda

UGX

2522.00

+0.20

Rwanda

RWF

682.79

-0.99

Ghana

GHS

2.92

-18.80

BRVM

XOF

480.96

-0.15

Egypt

EGP

7.05

-1.53

Morocco

MAD

8.18

-0.6

Tunisia

TND

1.61

+1.62

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