Market Insight: May 31, 2013


Africa

•  The Rand continues to take a pummeling and breaks through R10/USD rate as Finance Minister Gordhan disappointed by poor economic growth
•  Umeme, Ugandan power distributor, sees 15% increase in customers due to growing demand and increased supply

Nigeria

•  ASI +1.79%, $20.28m
•  Bulls continue to dominate with consumers (+3.06%) and Banks (+1.86%) in demand from foreign investors
•  Diamond Bank looking to potentially issue $550m Eurobond later in 2013

Kenya

•  NSE20 +0.18%, $5.5m

Botswana

•  DCI -0.02%, $3.89m

Egypt

•  EGX30 +1.89%, $104m

Mauritius

•  Semdex -0.19%, $1.2m

South Africa

•  Top40 +2.07%, $1.73bn

Zambia

•  LuSE +0.22%, $14k

Zimbabwe

•  Ind +0.39%, Mining unch, $900k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.00

-15.37

Nigeria

NGN

158.40

-1.42

Kenya

KES

85.00

+1.29

Mauritius

MUR

31.25

-2.24

Botswana

BWP

8.60

+10.59

Tanzania

TZS

1632.00

-2.88

Uganda

UGX

2595.10

+3.18

Rwanda

RWF

641.17

-1.52

Ghana

GHS

1.99

-4.66

BRVM

XOF

503.78

-0.90

Egypt

EGP

6.98

-8.88

Morocco

MAD

8.54

-0.90

Tunisia

TND

1.63

-5.20

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