Market Insight: May 31, 2012

Africa

•  Uganda may reduce lending rate further as inflation slows
•  Ghana measures to halt sliding Cedi are taking effect, IMF says
•  Ghana Commercial Bank profit declines 64% as lending slows
•  Ex-Liberia leader Taylor sentenced to 50 years

Nigeria

•  ASI -4bps, $21mill
•  The Naira fell the most in 11 weeks against the USD
•  Nigeria says claims for fuel subsidy doubled in 2011

Kenya

•  NSE20 -4bps, $3.16mill
•  inflation fell to the lowest level for more than a year in May, coming in at 12.2%

Botswana

•  DCI -3bps, $526k

Egypt

•  EGX30 +4bps, $53mill

Mauritius

•  Semdex +24bps, $1.9mill

South Africa

•  Top40 -158bps, $1.18bn

Zambia

•  LuSE +17bps, $2k

Zimbabwe

•  Ind -20bps, Mining -230bps, $3.6mill
 

contacts
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  • South Africa +27 11 268 5833
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