Market Insight: May 16, 2014


Africa

•  Zambian Kwacha falls in world’s worst retreat on Dollar drive
•  Mozambique gold-mine collapse kills at least 8 illegal laborers
•  Ivory Coast said to sell 1.15m tons of Cocoa from 2014-15

Nigeria

•  ASI -46bps, $27.7mill
•  Crosses in FBNH ($4.48m) and Zenith ($4.20m) drove activity
•  Banks continued to rally with the Index gaining +0.73%

Kenya

•  NSE20 +40bps, $20.4mill
•  Foreign participation in EQBNK and EABL drove proceedings
•  Kenya to sell Eurobond by August as debt payment extended

Botswana

•  DCI +32bps, $745k

Egypt

•  EGX30 +102bps, $182mill

Mauritius

•  Semdex +15bps, $1.73mill

Zimbabwe

•  Ind -74bps, $471k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.39

+0.93

Nigeria

NGN

162.50

-1.35

Kenya

KES

87.40

-1.26

Mauritius

MUR

30.15

-0.33

Botswana

BWP

8.68

+0.70

Tanzania

TZS

1650.00

-3.64

Uganda

UGX

2535.00

-0.32

Rwanda

RWF

684.26

-1.21

Ghana

GHS

2.89

-18.03

BRVM

XOF

481.78

-0.29

Egypt

EGP

7.11

-2.33

Morocco

MAD

8.19

-0.17

Tunisia

TND

1.62

+1.38

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