Market Insight: November 08, 2012

African Currencies

 
Country
Notation
Currency
YTD %
 
South Africa
ZAR
8.6381
-6.36
 
Nigeria
NGN
157.15
+3.28
 
Kenya
KES
85.20
-0.15
 
Mauritius
MUR
31.05
-5.48
 
Botswana
BWP
7.8340
+4.82
 
Tanzania
TZS
1575.00
+0.44
 
Uganda
UGX
2595.00
-4.43
 
Rwanda
RWF
624.8644
-3.32
 
Ghana
GHS
1.8935
-13.41
 
BRVM
XOF
508.6052
+0.04
 
Egypt
EGP
6.0971
-1.07
 
Morocco
MAD
8.5896
+0.03
 
Tunisia
TND
1.5674
-4.42

Africa

•  Ghana seeks $1bn to develop renewable-energy resources over next 8 years

Nigeria

•  ASI +0.26%, $14.77m
•  Another dull day across the board in Lagos
•  S&P raises Nigeria credit rating 1 level to BB- as Nigeria increases foreign currency reserves because of high oil prices
•  Dangote Cement plans to start production at Senegal plant by 15 Nov

Kenya

•  NSE20 +0.17%, $6.79m
•  Another active day with Safcom and Equity Bank both very active. Safcom results are due out after today’s session
•  MPC cuts benchmark interest rates by 200bps to 11% in effort to bolster waning economic growth

Botswana

•  DCI unch, $42k

Egypt

•  EGX30 +0.31%, $65m

Mauritius

•  Semdex +0.10%, $2.96m

South Africa

•  Top40 -0.41%, $1.54bn

Zambia

•  LuSE +0.91%, $5k

Zimbabwe

•  Ind +0.23%, Mining -2.59%, $670k
 

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