Market Insight: May 24, 2012

Africa

•  DRC cuts interest rates by 4.25% to 12.75% on back of “good behavior” of economic fundamentals
•  Malawi to start IMF talks seeking a new accord

Nigeria

•  ASI -12bps, $21.12mill.
•  President Jonathan orders prosecutions on fuel subsidy probe
•  South Africa and Nigeria pledge to strengthen diplomatic ties and boost trade after diplomatic row over deportations

Kenya

•  NSE20 +15bps, $3.89mill
•  CFC Stanbic posts 64% increase in Q1 profits on back of improved interest income
•  Co-op Bank receives $64.7mill loan from IFC to boost lending to small business

Botswana

•  DCI unch, $304k

Egypt

•  EGX30 +1.19%, $65mill

Mauritius

•  Semdex -19bps, $2.4mill

South Africa

•  Top40 -1.92%, $1.2bn

Zambia

•  LuSE -1.48%, $191k

Zimbabwe

•  Ind +3bps, Mining +2.04%, $1.4mill
 

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