Market Insight: May 28, 2014


Africa

•  South Africa GDP contracts as mining slumps most in 47 years
•  Zambian kwacha falls to record low on back of lower copper prices and a mining tax dispute

Nigeria

•  ASI +77bps, $24.9m
•  Local investors dominated the session. Banks strong (+1.08%) with ETI still leading the way (+2.95%)

Kenya

•  NSE20 -24bps, $8.2m
•  Foreign investors very quiet

Botswana

•  DCI +14bps, $114k

Egypt

•  Closed

Mauritius

•  Semdex +15bps, $953k

Zimbabwe

•  Ind +28bps, $860k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.41

+0.76

Nigeria

NGN

162.56

-1.39

Kenya

KES

87.91

-1.83

Mauritius

MUR

30.17

-0.40

Botswana

BWP

8.72

-0.26

Tanzania

TZS

1661.00

-4.27

Uganda

UGX

2531.85

-0.19

Rwanda

RWF

684.28

-1.21

Ghana

GHS

3.02

-21.34

BRVM

XOF

484.01

-0.80

Egypt

EGP

7.14

-2.78

Morocco

MAD

8.24

-0.59

Tunisia

TND

1.63

+0.78

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