Market Insight: November 11, 2013


Africa

•  Rwanda’s Consumer Price Index climbs 5.1% in October
•  Congo Central Bank cuts benchmark rate to 2% in effort to spur lending
•  Mugabe threatens to halt Zimbabwe platinum exports to South Africa
•  Tanzania inflation rate rises to 6.3% in October, up from 6.1% in September

Nigeria

•  ASI -67bps, $38.7m
•  Large cross in DangCem ($20m) early on set the tone in an otherwise quiet session. Late in the day activity levels picked up with banks (-77bps) and Consumers (-82bps) both reversing gains

Kenya

•  NSE20 +3bps, $7.6m
•  Profit taking in KCB (-2.6%) while mild softness in Safcom (-1%)
•  Deacons shelve listing plans “under prevailing circumstances”

Botswana

•  DCI +4bps, $885k

Egypt

•  Closed

Mauritius

•  Semdex -9bps, $1.61m

South Africa

•  Top40 -1.33%, $1.46bn

Zimbabwe

•  Ind +75bps, Mining unch, $690k

African Currencies

Country

Notation

Currency

YTD %

South Africa

ZAR

10.37

-18.34

Nigeria

NGN

158.65

-1.57

Kenya

KES

85.70

+0.47

Mauritius

MUR

30.55

unch

Botswana

BWP

8.70

+11.79

Tanzania

TZS

1606.00

-1.31

Uganda

UGX

2522.50

+6.15

Rwanda

RWF

672.72

-6.13

Ghana

GHS

2.23

-14.79

BRVM

XOF

491.22

+1.64

Egypt

EGP

6.88

-7.62

Morocco

MAD

8.38

+0.89

Tunisia

TND

1.67

-7.24

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