Market Insight: November 05, 2013


Africa

•  Ugandan Central Bank leaves benchmark rate unchanged at 12%

Nigeria

•  ASI +45bps, $21.27m
•  Foreign demand for the blue chip banks (+62bps) and consumers (+88bps) continues unabated

Kenya

•  NSE20 -51bps, $9.3m
•  Foreign trading in EABL the main focus while Equity Bank fell 2.8% after Q3 results
•  MPC rates decision expected out later today. We expect unchanged rate of 8.5% in effort to support the shilling
•  Safcom due to announce its results this afternoon

Botswana

•  DCI -3bps, $901k

Egypt

•  EGX30 +57bps, $71m

Mauritius

•  Semdex -34bps, $360k

South Africa

•  Top40 +33bps, $925m

Zimbabwe

•  Ind +18bps, Mining -89bps, $2.1m

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.14

-16.44

Nigeria

NGN

158.50

-1.48

Kenya

KES

85.55

+0.64

Mauritius

MUR

30.30

+0.83

Botswana

BWP

8.62

+10.83

Tanzania

TZS

1605.00

-1.25

Uganda

UGX

2520.00

+6.26

Rwanda

RWF

671.83

-6.01

Ghana

GHS

2.23

-14.79

BRVM

XOF

488.28

+2.24

Egypt

EGP

6.88

-7.62

Morocco

MAD

8.29

+2.05

Tunisia

TND

1.65

-6.16

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