Market Insight: May 28, 2013


Africa

•  African Development Bank urges broader economic growth by educating children and creating jobs
•  Ghana Finance Minister plans to halve wage burden in budget
•  Famous Brands plans to open 55 outlets in African countries as sales growth outside of SA beats local market
•  Swaziland Central Bank keeps benchmark rate unchanged at 5%

Nigeria

•  ASI +0.12%, $17.9m
•  With US and UK on holiday it was muted across the board in Lagos
•  Sanusi says Central Bank shouldn’t rush to cut rates unless government can keep spending under control

Kenya

•  NSE20 -0.26%, $5m

Botswana

•  DCI +0.03%, $880k

Egypt

•  EGX30 +0.37%, $28m

Mauritius

•  Semdex +0.34%, $665k

South Africa

•  Top40 +1.20%, $777m

Zambia

•  LuSE +0.22%, $126k

Zimbabwe

•  Ind -0.15%, Mining +0.59%, $630k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

9.61

-11.84

Nigeria

NGN

158.23

-1.31

Kenya

KES

85.00

+1.29

Mauritius

MUR

31.15

-1.93

Botswana

BWP

8.45

+8.50

Tanzania

TZS

1629.00

-2.70

Uganda

UGX

2610.00

+2.60

Rwanda

RWF

660.98

-1.48

Ghana

GHS

1.99

-4.56

BRVM

XOF

509.07

-1.93

Egypt

EGP

6.98

-8.85

Morocco

MAD

8.59

-1.54

Tunisia

TND

1.65

-5.85

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